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Anticipated rate cut expected to bolster residential market
Kanana Katharangsiporn, Published on 20/05/2024
» The expected dip in interest rates by 25 percentage points in the second half this year is expected to help the residential market, resulting in projected growth of 5.5%, in contrast with a decline of 0.7% without a rate cut.
Hong Kong home sales sink to 33-year low
South China Morning Post, Published on 03/01/2024
» Property transactions in Hong Kong descended to the lowest level in 33 years in 2023 as sentiment among potential homebuyers was submerged under a deluge of poor economic news and high interest rates, although December's sales figures showed some rebound.
Ananda opts to initiate price cuts
Business, Kanana Katharangsiporn, Published on 28/09/2023
» Ananda Development Plc will cut the prices of its ready-to-move-in residential units, reducing the company's gross profit by 8%, in an effort to secure liquidity and bolster cash flow amid a risk that it may be unable to secure a bond rollover, along with the crisis generated by the Ashton Asoke case.