8 h. ago Emperor’s US$2 billion debt woes reflect Hong Kong’s property market risks

Hong Kong developer Emperor International Holdings’ inability to repay HK$16.6 billion (US$2.1 billion) in loans highlights a growing debt crisis among small and medium-sized developers in the city, prompting analysts to warn of more defaults. “High debt ratios have become a mainstream condition among Hong Kong developers, particularly mid-sized developers” amid dropping valuations, low demand, high vacancy rates, falling rental income and high interest rates, said Glen Ho, national turnaround...

Economics

9 h. ago In Trump’s game, the US and China win and Europe pays the bill

In Trump’s game, the US and China win and Europe pays the bill  Asia Times

Politics

45 h. ago Can this game maker figure out Trump's China tariffs before they sink him?

Can this game maker figure out Trump's China tariffs before they sink him?  NBC News

Politics

8 d. ago Hotel investors pick up Hong Kong bargains on distress, tourism rebound

Hong Kong is becoming a magnet for hotel investments after some investors snapped up assets on the cheap this year, banking on a recovery in tourism and shrinking room supply to brighten the industry outlook, according to property consultants. Investments in the sector could reach about HK$5 billion (US$637 million), an almost 50 per cent increase from 2024 after solid activity in the first quarter, according to Colliers. JLL forecasts hotel transactions to hit US$800 million. “There is...

Economics

9 d. ago Is Vietnam playing Trump’s game? Billions in property deals suggest so

The occasional water buffalo still wanders across the vacant plots of Thu Thiem, an area of Vietnam’s most populous city long promised redevelopment that is now poised for transformation on a grand, possibly Trumpian, scale. Set along the Saigon River, with the glassy skyline of downtown Ho Chi Minh City rising just 3km (1.9 miles) away, Thu Thiem could soon be home to a new Trump Tower after the US president’s middle son Eric, executive vice-president of the family’s real estate empire, scouted...

Politics

2 w. ago Hong Kong homebuyers snap up all Deep Water Pavilia flats on offer this weekend

The first batch of flats on offer at the Deep Water Pavilia project on the south side of Hong Kong island sold out on Saturday, according to property agents, as homebuyers rushed to snap up available units on the back of discounted pricing and low interest rates. As of 4 pm, all 138 flats on offer at the New World Development (NWD)-led luxury residential project in Wong Chuk Hang were sold for a grand total of HK$1.53 billion (US$196 million), just seven hours after sales started, property...

Politics

2 w. ago US$900 million seized as China helps Malaysia dismantle Tedy Teow’s scam empire

Chinese and Malaysian police have seized over 3.8 billion ringgit (US$900 million) of assets – including yachts and property – from a syndicate alleged to have duped millions of people throughout the Asia-Pacific with promises of high-return investments. The Ponzi scheme, which operated mainly in Penang state, is believed to be linked to the MBI Group, started by Malaysian Tedy Teow Wooi Huat, who was extradited to China last year after hiding in Thailand. Seventeen people were arrested last...

Economics