2024-09-14 03:30:16 +0300

Recent Hong Kong home buyers stand to lose millions as prices decline – some already have

Logo South China Morning Post
South China Morning Post
By Lam Ka Sing
  • Many people who bought homes over the past five years are now facing a loss at least on paper as prices continue to slide
  • Some owners who had to sell have taken significant losses in one case to the tune of HK$5.85 million (US$745,334)
AD
AD

Continue read on scmp.com

AD
Logo South China Morning Post
Business / FinanceBy David Ren2024-08-23 02:30:10 +0300
Prices of some secondary homes in popular housing estates have fallen by over 30 per cent recently, recent transactions show Secondary home prices will...

Logo Nasdaq
Business / FinanceBy Simply Wall St2024-08-29 22:42:22 +0300
Insiders who bought Hawkins, Inc. (NASDAQ:HWKN) in the last 12 months may probably not pay attention to the stock's recent 5.7% drop. After taking the recent...

Logo Benzinga
Business / FinanceBy Bhavik Nair2024-08-17 07:04:38 +0300
Hong Kongs stock exchange is projected to post its fifth straight decline in quarterly profits as trading volumes slide and IPOs slow down, reported...

Logo Nasdaq
Business / FinanceBy The Motley Fool2024-09-13 18:32:31 +0300
Image source: Getty Images There's a reason so many buyers have struggled to purchase a home over the past year. Not only has housing inventory been...

Logo PR Newswire
TechnologyPress Release2024-08-29 05:25:00 +0300
HONG KONG, Aug. 29, 2022 /PRNewswire/ -- Following the successful launch of its Hong Kong Small and Medium Enterprises (SMEs) Initiative earlier this year,...

Logo Nasdaq
Business / FinanceBy Simply Wall St2024-09-13 20:51:27 +0300
Insiders who bought US$3.4m worth of HubSpot, Inc. (NYSE:HUBS) stock in the last year recovered part of their losses as the stock rose by 5.6% last week. The...

Logo Nasdaq
Business / FinanceBy Reuters2024-09-01 10:05:39 +0300
By Byron Kaye SYDNEY, Sept 1 (Reuters) - Australia's housing market downturn is squeezing many home sellers into a double bind: They've taken out a mortgage...

Logo CNBC
Business / FinanceBy Diana Olick2024-09-07 17:22:32 +0300
Key Points Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools. Sales...

Logo Investing.com
MarketsBy Investing Com2024-08-30 07:25:36 +0300
© Reuters. By Ambar Warrick Investing.com--Hong Kong-listed Chinese technology stocks slid further on Tuesday, tracking losses on Wall Street as a hawkish...

Logo Channel NewsAsia
Business / FinanceBy Cna2024-09-07 12:27:00 +0300
HONG KONG: Residents leaving Hong Kong for good withdrew a total of HK$2.114 billion (US$269.31 million) from their pension accounts in the second quarter of...

Logo Nasdaq
Business / FinanceBy Reuters2024-08-29 07:08:06 +0300
HONG KONG, Aug 29 (Reuters) - Hong Kong private home prices in July dropped to the lowest since February 2020, official data showed on Monday, as homebuyers...

Logo Investing.com
EconomyBy Reuters2024-09-01 10:18:05 +0300
Reuters. FILE PHOTO: New homes line a street in the Sydney suburb of Moorebank in Australia, May 26, 2017. REUTERS/Jason Reed/File Photo By Byron Kaye SYDNEY...

Logo South China Morning Post
Business / FinanceBy Cheryl Arcibal2024-08-17 11:41:00 +0300
The company swung from a HK$35.5 million loss a year ago to a HK$870.6 million profit in the first six months of the year, according to an exchange filing...

Logo Nasdaq
Business / FinanceBy Simply Wall St2024-08-27 17:08:56 +0300
Insiders who purchased Marten Transport, Ltd. (NASDAQ:MRTN) shares in the past 12 months are unlikely to be deeply impacted by the stock's 4.9% decline over...

Logo Channel NewsAsia
Business / FinanceBy Cna2024-08-29 07:11:24 +0300
HONG KONG : Hong Kong private home prices in July dropped to the lowest since February 2020, official data showed on Monday, as homebuyers turned more...

Logo Bloomberg
MarketsBy Bailey Lipschultz2024-08-19 18:27:21 +0300
Individual investors who flocked into Bed Bath & Beyond Inc. over the past week, trying to squeeze short sellers and make a killing backed in part by the...

Logo Channel NewsAsia
Business / FinanceBy Cna2024-09-07 12:27:11 +0300
HONG KONG : Residents leaving Hong Kong for good withdrew a total of HK$2.114 billion ($269.31 million) from their pension accounts in the second quarter of...

Logo Bloomberg
MarketsBy Pei Li2024-08-18 14:56:27 +0300
China Tourism Group Duty Free Corp. raised about HK$16.2 billion ($2.1 billion) after pricing its Hong Kong offering above the mid-point of a marketed range,...

Logo BBC news
Business / FinanceBy Kevin Peachey2024-09-02 02:13:05 +0300
Everyone has been promised a 400 rebate on their domestic energy bill this winter, to offer some relief from soaring prices. This is part of a package of...

Logo Nasdaq
Business / FinanceBy The Motley Fool2024-09-12 12:45:00 +0300
The crypto market is no stranger to volatility, but the past year has been particularly rough. Despite a slight rally over the past several weeks, the...