The number of property transactions in Hong Kong surged 17 per cent in January to 4,399 deals from a month ago, with total sales rising 12.5 per cent to HK$37.79 billion (US$4.83 billion), according to data compiled by Centaline Property Agency.The surge comes amid...
Airport Authority Hong Kong’s (AAHK) HK$5 billion (US$640 million) retail bonds, the first for the general public by the city’s airport operator in 20 years, received overwhelming response from investors.The 4.5 per cent, 2.5-year bonds were oversubscribed more than three times, logging HK$15.69 billion from...
Powell’s circumspect tone indicated that the Fed was in no rush to reduce rates. That sent stocks skidding, as traders who were betting for cuts to commence in March ran for cover. The S&P500 index plunged 1.5 per cent in New York, marking the sharpest...
Total gold demand hit a record last year and is expected to rise again in 2024 as the Federal Reserve moves towards cutting interest rates, potentially aiding prices, according to the World Gold Council (WGC).Overall consumption expanded about 3 per cent to 4,899 tons last...
On one hand, inflation numbers continue to surprise to the downside. The Fed’s preferred gauge decelerated to 2.9 per cent in December, crossing below 3 per cent for the first time since early 2021, according to data published Friday.Hong Kong economy, property market eagerly await...
Commentators, especially those who appear not to have experienced past real estate-linked financial crises that have occurred in places ranging from the US and Europe to Hong Kong and Latin America, fail to appreciate the significance of accompanying systemic risk.Thus, while China appears able in...
Yet, since the start of this year, doubts have crept in about the Fed’s ability and willingness to loosen policy significantly. The uncertainty stems from deeper concerns about a costly policy mistake, either due to a premature easing of policy or a belated one. In...
Hong Kong-based property bears topped the world in their pessimism, as a mix of high interest rates and a slumping economy with weak demand dampened any interest in buying assets, according to a study by the consulting firm CBRE.The net buying intention of...
On the rent side, Allan said it’s a mixed bag, adding that rents in some areas in the south of Hong Kong Island were strengthening for units with good kitchens and bathrooms.Potential buyers queue up at Sun Hung Kai Properties’ sales centre for a chance...
Hong Kong’s home prices will drop another 10 per cent in 2024 as a looming supply glut and high interest rates continue to suppress investment sentiment even though the local stock market may rebound by midyear, according to Citigroup.The US Federal Reserve will start cutting...