3 d. ago Hong Kong home sales dip as December slowdown looms amid tragedy, holiday lull

Hong Kong’s property deals slipped slightly in November after two months of gains, government data showed, with analysts warning of a deeper pullback this month as the Christmas holidays along with deferred launches of new homes following the deadly fire in Tai Po weigh on sentiment. Sales of new and lived-in homes, office units, shops, car parking spaces and industrial properties dipped 1 per cent to 7,121 from 7,190 in October, according to the Land Registry. The total value of deals edged up...

Politics

5 d. ago Hong Kong home sales recovery looks more solid as prices edge up

Hong Kong’s property market is expected to extend its gradual recovery into the end of the year, supported by improving sentiment, rising rental yields and firmer demand in the mass-market segment, according to property analysts. The latest mortgage and resale data suggest that buyers are returning following rate cuts and stamp-duty adjustments earlier this year, although the pace of improvement remains uneven across districts and price brackets. Mortgage registrations continued to climb in...

Economics

8 d. ago Hong Kong developers Sino Group, NWD delay sales amid grief over Tai Po fire

Hong Kong’s developers have postponed property sales scheduled for Friday as the city mourns the deaths of dozens of residents in a devastating fire that broke out in Tai Po. Sino Group and New World Development announced on Thursday that the sale of 150 units at One Park Place in Yau Tong, and 63 units at the Austin Bohemian project in Yau Ma Tei, respectively, would be deferred. Both Sino Group and NWD did not disclose the reason for the postponement or when the sales would be rescheduled. The...

Events

8 d. ago Hong Kong developers Sino Group, NWD delay flat sales amid Tai Po fire grief

Hong Kong developers have postponed property sales scheduled for Friday as the city mourns the deaths of dozens of residents in a devastating fire that broke out in Tai Po. Sino Group and New World Development announced on Thursday that the sale of 150 units at One Park Place in Yau Tong and 63 units at the Austin Bohemian project in Yau Ma Tei, respectively, would be deferred. Both Sino Group and NWD did not disclose the reason for the postponement or when sales would be rescheduled. Meanwhile,...

Events

1 week ago Hong Kong museum halts Egyptian exhibition tickets amid opening weekend ‘chaos’

Hong Kong’s Palace Museum suspended on-site ticket sales for its popular ancient Egyptian exhibition on Sunday, after the gallery descended into chaos during its opening weekend, with visitors waiting for hours and many demanding refunds. The museum also announced on Sunday that it would extend the gallery’s opening hours by two hours, closing at 8pm. Due to an “overwhelming number of visitors”, the museum said it would temporarily halt on-site ticket sales for the “Ancient Egypt Unveiled:...

Events

1 week ago Hong Kong museum visitors enjoy calmer day after crowd chaos at Egypt exhibition

Visitors to the Hong Kong’s Palace Museum reported a smoother experience on Sunday, a day after chaotic crowds prompted the institution to suspend walk-in ticketing for its popular Egyptian exhibition before resuming sales in the afternoon. Walk-in ticket sales for the “Ancient Egypt Unveiled: Treasures from Egyptian Museums” exhibition resumed at 3.30pm, with a limited number available on a first-come, first-served basis. The museum had suspended walk-in ticket sales at 11am due to an...

Events

2 w. ago US$44 million sale of Hong Kong luxury home linked to mainland Chinese investor

A buyer bearing the same name as veteran investor Xu Liusheng is the latest owner of a luxury home in Hong Kong after acquiring a HK$342 million (US$43.9 million) unit in the affluent Southern district, with the transaction adding to a growing list of prime assets being snapped up following years of falling prices. The buyer shares the name of the owner of Shenzhen Kaifu Investment, who is known for acquiring shares in public companies in mainland China. Shenzhen Kaifu was recently deregistered,...

Economics

2 w. ago Nvidia revenue soars despite ‘disappointment’ in China market

US chipmaker Nvidia said it is “disappointed” about current restrictions locking it out of China’s artificial intelligence market, but the company reported record revenues for the third quarter despite shrinking sales in the world’s second-largest economy. Nvidia reported a 62 per cent surge in total revenue to a record US$57 billion, even as its sales in China, including Hong Kong, plunged 63 per cent to US$3 billion in the three months ended October 26, according to the company’s financial...

Politics

2 w. ago China Hongqiao targets US$1.5 billion from share sale in Hong Kong amid aluminium boom

China Hongqiao targets US$1.5 billion from share sale in Hong Kong amid aluminium boom  Yahoo! Finance Canada

Economics

2 w. ago Hong Kong sees lacklustre weekend property sales at Tuen Mun development

There was lacklustre action on Saturday at the sale of the latest batch of flats at The Reserve at Gold Coast Bay in Tuen Mun, as less than a 10th of the units on offer were snapped up three hours after the launch. Only 14 flats, of the 152 units on offer, were sold as of 6.30pm, according to agents. “It’s almost the last of the remaining stock,” said Sammy Po Siu-ming, senior director at Midland Realty. “The sale will continue.” The batch offered this weekend by developer Early Light...

Politics

last month China’s WeRide drives for ‘ubiquitous’ robotaxis after Hong Kong listing

Chinese self-driving technology firm WeRide, fresh off raising HK$2.39 billion (US$307 million) in a Hong Kong share sale, plans to rev up commercialisation of autonomous taxis and expand into markets like the Middle East, Southeast Asia and Japan. Tony Han, founder and CEO of the Guangzhou-based company, said WeRide would deploy 10,000 robotaxis worldwide over the next few years, adding that its fleet could eventually grow to hundreds of thousands in line with the ultimate goal of “supplying...

Politics