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Property financing

Property financing
The latest news, analysis and opinion on Property financing. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
The commercial zone of the City God Temple complex in Shanghai. Photo: Shutterstock
China property

Shanghai’s Temple Square mall sells below valuation in bankruptcy auction

Once coveted by foreign funds including CarVal, the shopping complex has been abandoned since 2017 after its owner fell into a debt crisis.

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Hong Kong property

4 Hong Kong developers submit bids for Tung Chung residential land

China property

Chinese developer Greentown to issue US$350 million bond to refinance debt

Hong Kong property

HSBC cuts rates on fixed mortgages in Hong Kong amid slumping sales

Other banks may follow with similar cuts to ease financing costs and help revive home sales.

Pedestrians pass an HSBC branch in Mong Kok on October 22, 2024. Photo: Nora Tam
China property

China’s property market still needs more support: Goldman Sachs

Developer stocks surge by as much as 20 per cent after a report that authorities are preparing to cover China Vanke’s funding gap.

Hong Kong property

NWD raises prices for Hong Kong flat sale amid ‘enthusiastic’ demand

Indebted developer bumps up prices for third batch of flats in State Pavilia project in North Point, which goes on sale on Saturday.

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Hong Kong property

Hong Kong restaurateur to sell Sha Tin building amid retail distress

Yeung Wai, the chairman of Fulum Group, is offering the Big Orange, acquired in 2013 for US$64 million, via tender.

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CBRE has been appointed by the owner of the nine-storey Big Orange in Tai Wai to hold a public tender for the asset in April. Photo: Handout
Hong Kong property

Hong Kong’s NWD puts another 55 units at State Pavilia up for sale at low price

Enthusiastic buyers oversubscribed the sale of a first batch of flats last week.

International Property

Chinese buyers are buying more expensive properties in Australia

In the financial year that ended in June, people from China were the largest foreign investors in Australian residential properties.

China property

Analysts expect China property recovery in 2025 after seeing January improvement

New home prices in China’s top-tier cities rose 0.36 per cent in January from a month earlier.

The skyline of central Beijing. Photo: AP
International Property

Hong Kong’s Gaw Capital buys Tokyo shopping centre for more than US$1 billion

Tokyu Plaza Ginza is one of the largest retail facilities in the Ginza district and has a couple of subway stations nearby.

The Tokyu Plaza Ginza shopping centre. Photo: Shutterstock
Hong Kong property

Hong Kong’s NWD prices State Pavilia project in North Point at massive discount

Hong Kong developer, struggling with US$16 billion in debt, prices 88 units at HK$18,540 per square foot on average, an eight-year low for the area.

Hong Kong property

Default of major developer could send shock waves through property market: S&P

‘Hong Kong’s residential property recovery may be slipping out of view,’ credit-rating agency says.

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Hong Kong property

Midland suggests property-friendly changes to city’s cash-for-residency scheme

Freddie Wong Kin-yip says changes would help to support Hong Kong’s struggling real estate market.

People passed a property agent in the Wong Chuk Hang MTR station. Photo: Sam Tsang
China economy

Opinion | China’s local government financing vehicles are a ticking debt bomb

Amid infrastructure drive, shadowy LGFVs, which let local governments circumvent borrowing limits, risk triggering a debt-fuelled bust.

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Construction of the Huajiang grand canyon bridge on November 30, 2024 in Guizhou, China. In 2023, the province’s Zunyi Road and Bridge Construction Group became China’s first LGFV to be forced to restructure its bank loans. Photo: VCG via Getty Images
Hong Kong property

Henderson Land to launch 12 projects with 5,400 units this year, citing optimism

Property firm says housing demand is substantial and reduced rates will lead to lower mortgage repayments.

Hong Kong property

Hong Kong property sales hit 4-month low as tariffs, rate outlook rattle buyers

Deals involving residential and commercial properties and parking spaces fell in January as buyers braced for geopolitical tensions, slower rate cuts.

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Hong Kong property

Rare deals, distressed sales to prevail in Hong Kong property

Traditional investors to stay on the sidelines while educational and church organisations scoop up assets, analysts say.

Evangelical church Island ECC bought 96,000 square feet of Kiu Fai Mansion in North Point, which houses the Sunbeam Theatre, in 2024. Photo: Edmond So
Hong Kong property

Slow start for Hong Kong’s first property launch in Year of the Snake

Only 27 of the 133 units on offer at The Reserve at Gold Coast Bay in Tuen Mun were sold as of 8pm.

Hong Kong property

Hong Kong’s December mortgages slump 21.1% on higher rates

Mortgage applications fell to 6,306 last month, the first decline since September, according to a statement by the Hong Kong Monetary Authority.

China property

China Vanke’s reshuffle signals bailout for troubled developer, analysts say

Support for Vanke could see banks extend loans, reduce discounts on asset sales and boost homebuyers’ confidence, CGS’ Raymond Cheng says.

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China Vanke was once the mainland’s second-largest developer by sales. Photo: Reuters
China property

Sunac China cuts costs on US$715 million debt in restructuring plan

Restructuring terms allow the Chinese developer to effectively cut its annual borrowing costs to 4.12 per cent from 9.6 per cent.

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A man walks past the logo of property developer Sunac outside a residential compound in Beijing in September 2023. Photo: Reuters
China property

Can Shanghai absorb 84,000 homes this year as sales slow, prices rise?

Some 30,000 flats from 270 projects are due to be launched this year, while developers are sitting on an inventory of 54,000 units.

International Property

Thai properties at risk as Chinese buyers spooked by safety, security woes

Chinese buyers have been the most active buyers of Thai properties among foreign investors, according to industry data.

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Hong Kong property

Hong Kong’s lived-in home prices complete third year of decline

Prices of second-hand homes fell in December, snapping a two-month rebound, and have dropped 27 per cent over the past three years.

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A woman walks past a property agency in South Horizons, Hong Kong. Photo: Eugene Lee
Hong Kong property

Hang Lung Properties net falls on lower leasing profits, higher finance costs

Company says it faces headwinds in China and Hong Kong.

Hang Lung’s Plaza 66 in Shanghai. Photo: Hang Lung Properties
Hong Kong property

New World says it’s ‘business as usual’ amid rumours of default risk

Residential sales in Hong Kong continue to improve, and mainland China sales are on track, embattled company says.

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Hong Kong property

Shimao’s lender seeks private credit deal on US$1.3 billion loan

The loan, which matures on September 30, is backed by a complex in Hong Kong’s Kowloon Tong neighbourhood.

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