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Channels: There are signs that the impact of the withdrawal of hot measures in Hong Kong is slowing down, and it is expected to affect the performance of mortgage and insurance in the third quarter.
According to the report from The Intelligent Finance and Economics App, on June 12th, Cao Deming, the vice president of Jieluo Mortgage Brokerage, stated that the Hong Kong property market saw a brief rebound in transactions after the removal of the stamp duty. Coupled with new buyers gradually moving into properties purchased earlier this year, the demand for new mortgages has significantly increased.
Ricard Court: Hong Kong property prices rose for two consecutive months, and the increase narrowed markedly in April
The Zhitong Finance App learned that Chen Haichao, head of the research department of Li JiaGe Real Estate, said that Hong Kong property prices rose for two months, reflecting the effect of removing spiciness. However, the increase narrowed significantly in April, dragged down by new listings being sold at low prices, making it difficult for second-hand owners to continue to harden their prices. Some anxious landlords may need to cut prices accordingly, putting pressure on second-hand property prices;
China Property Stocks Rally as More Cities Unveil Rescue Steps
By Jiahui Huang Shares of Chinese property developers surged on rising expectations that government entities in China are moving to help buy up excess housing in a bid to revive the struggling real-es
China May Need Large-Scale Funding to Lower Housing Inventories
China may need to spend at least CNY3-4 trillion in order to "meaningfully lower" the country's primary housing inventory to a healthy level, Morgan Stanley analysts write in a note. The market is for
Chuang's Consortium International Offloads Subsidiary for $33 Million
Chuang's Consortium International (HKG:0367), through Singaporean unit XYZ, agreed to sell subsidiary Mongolia Property Development for a consideration of $33 million, the property and hotel company s
Zhuang Shi Agency International (00367) plans to sell Mongolian properties for no more than $33 million
Zhitong Finance App News, Zhuang Shi Institution International (00367) announced that on May 9, 2024, the company's indirect wholly-owned subsidiary XYZ PTE. LTD. and Reward International Limited intend to sell all of Mongolia Property Development LLC's issued share capital and transfer sales loans to Ganbat Doniddagva at an estimated cost of not more than US$33 million (subject to adjustment). According to reports, the target company is mainly engaged in investment in this property
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