Hong Kong's financial budget proposal is expected to bring positive news, leading to a new round of rising waves in the real estate market.

The Chief Executive of the Residential Division of Midland Realty, Bu Shaoming, stated that the market is looking forward to Hong Kong's new Budget.

Zhitong FinanceFeb 14 19:06

EMPEROR INT'L (00163.HK) has received approval for a forced sale of an old building in Sheung Wan with a reserve price of 0.242 billion yuan.

The Lands Tribunal granted an auction order applied for by EMPEROR INT'L (00163.HK), involving the old building at 70 to 76 Queen's Road West, with a reserve price of 0.242 billion yuan. The property site area is approximately 3,361 square feet, consisting of two six-story commercial and residential buildings, with 70 to 72 Queen's Road West completed in 1971, and 74 to 76 completed in 1967, with ages of 54 and 58 years respectively. EMPEROR INT'L acquired the neighboring buildings at 78 to 80 and 265 to 267 Hollywood Road in 2021 for a reserve price of 0.259 billion yuan, with a site area of 2,144 square feet. If the two sites combine.

AASTOCKSFeb 14 09:06

S&P: It is expected that the rental prices for Class A office buildings in Hong Kong will decline by 8-10% this year.

Standard & Poor's published a report stating that office rents in Hong Kong are expected to continue declining this year, and valuations will follow suit. Major real estate developers holding Grade A office properties will face the impact of property valuation adjustments.

Zhitong FinanceFeb 13 20:54

"Hong Kong Tower" Emperor Yang Zhenglong: This year plans to launch the West Mid-Levels Bonham Road project. The Aberdeen Cheng Tin and South Island Sutherland Hill projects have room for price increases.

The Vice Chairman of Emperor Group, Yang Zhenglong, expressed confidence in the market outlook, stating that the group plans to launch the Western Mid-Levels Bonham Road development project this year at the most opportune time. He added that Hong Kong's Aberdeen Cheng Tin will begin occupancy this month, planning to release high-rise sea view units in their current state to meet market demand, with 75 units sold so far and expectations of continued strong sales in the new year. He revealed that this year there will be a reassessment of the prices for the Aberdeen Cheng Tin and the luxury residential project at 15 Shoushan Mountain in the South Island, with potential for price increases.

AASTOCKSFeb 7 17:16

Private Home Completions in Hong Kong Rise 75% in 2024

MT NewswiresFeb 7 13:53

EMPEROR INT'L (00163): Huang Zhihui resigns as Executive Director.

EMPEROR INT'L (00163) announced that due to Huang Zhihui reaching retirement age, he wishes to devote more time to his personal interests...

Zhitong FinanceFeb 3 21:55