Private Credit Lenders Eye Distressed Property Developers in Hong Kong
Private credit lenders are drawn to Hong Kong’s distressed property developers as a record US$23.4 billion of bank loans loom due next year.
Property Market
Effects of Eased Measures on the Hong Kong property Market
Hong Kong’s Chief Executive John Lee emphasises the need for market observation and buyer adjustment after the eased property measures of the Policy Address.
Hong Kong Developers Hasten Sales Launches Amid Market Uptick
As Hong Kong developers accelerate sales launches to clear inventory, the market sees increased transactions, but low prices are still needed to attract buyers.
Morgan Stanley Forecast Expects Further Decline in HK Property Market
Morgan Stanley has adjusted its projections for Hong Kong’s property market, expecting a 3% decline in home prices in 2023 and another 5% to 10% drop in 2024.
Hong Kong Sees Surge in Foreclosed Home Auctions Amid Property Market Slump
Foreclosed homes in Hong Kong have increased, leading to a rise in auctions. Banks are open to price cuts, with some selling for 20% below market price.
Hong Kong Eases Mortgage Rules to Bolster Property Market
Hong Kong introduces changes to mortgage rules for homes under construction, in an effort to alleviate high borrowing costs and boost the property market.
HSBC to Increase Mortgage Rates Amid Hong Kong Property Slump
HSBC increases mortgage rates in Hong Kong, adding to the pressure on the city’s declining property market, dampening homebuyer demand. Property stocks plummet.
HK Property Sales in Aug. 2023: Monthly Surge Represents Yearly Decline
Read more on the latest trends in HK’s real estate market as property sales see a monthly increase of 5.3%. The figure represents an 11% decrease from 2022.