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Market Chatter: Hong Kong Real Estate Developers Continue Sweetening Price Offerings to Drive Sales
Real estate developers in Hong Kong choose to continue sweetening their pricing to clear their excess inventory as interest rate reductions and a robust economic recovery continue to dampen demand, the South China Morning Post reported, citing analysts.
Market Chatter: Hong Kong Office Vacancy Rate Hits New High in June
Hong Kong's office vacancy rate hit a new high of about 17% in the second quarter, with 15 million square feet vacant, The Standard reported Tuesday, citing CBRE.
Collateralized mortgaging: After the withdrawal of the spice, new Hong Kong people have become a new purchasing power, and it is expected that the price of Hong Kong's entire year will narrow down by 3% to 5%.
According to Cao Deming, the mortgage ratio of new Hong Kong residents has been consistently high, increasing from 18.6% in the first quarter of last year to 29.2% in the second quarter of this year.
Express News | Chuang's Consortium International FY Gross Profit HKD -63.5 Million
Chuang's Int'l (00367.HK) had an annual net loss of HKD 932 million attributable to equity holders.
Chuang's Int'l (00367.HK) announced on June 27 that, for the fiscal year ending March 31, 2024, the company's revenue increased to HKD 396.6 million (HKD 251.7 million in 2023), mainly due to an increase in property sales. For the fiscal year ending March 31, 2024, the company's equity holders had a loss of HKD 932 million (HKD 966.3 million in 2023) and a loss per share of HKD 0.5573 (HKD 0.5777 in 2023).
Express News | Chuang's Consortium International FY Revenue HKD 396.6 Million
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