KUALA LUMPUR (Oct 22): Walter Kwok (pictured), the former chairman of Hong Kong developer Sun Hung Kai Properties Ltd, died early Saturday at the age of 68, said statements from his family and the property company, reported Bloomberg.
KUALA LUMPUR (Oct 3): PRG Holdings has disposed of a 12% stake in Hong Kong-listed Furniweb Holdings Ltd, representing 60.
KUALA LUMPUR (Sept 8): A recent report by research firm Wealth-X has concluded that Hong Kong hosts the most ultra-rich people on the planet.
KUALA LUMPUR (Aug 28): Country Garden Holdings’ shares “see-sawed” yesterday after Malaysian Prime Minister Tun Dr Mahathir Mohamad announced that foreigners will not be allowed to buy property at the Forest City (pictured) mega project in Johor.
KUALA LUMPUR (Aug 6): PRG Holdings Bhd's 75%-owned Hong Kong-listed subsidiary Furniweb Holdings Ltd had today issued a profit warning after a preliminary review of Furniweb's unaudited accounts for the six months ended June 30, 2018 (1HFY18).
PETALING JAYA (July 31): Over the next two years, analysts expect the prices of luxury units in Hong Kong to fall, in response to a new tax on empty properties, reported the South China Morning Post (SCMP).
KUALA LUMPUR (July 26): There are clear signs of improvement in the property market and it is expected to pick up sometime in the second half of this year or the first half of next year, according to real estate consultancy Knight Frank Malaysia.
PETALING JAYA (July 1): Hong Kong’s red-hot property market has driven away fears of hongza – “haunted” apartments where tragic deaths took place – as buyers seek cheaper deals amid escalating prices and punishing taxation meant to curb price growth, reported Reuters.
KUALA LUMPUR (June 27): Sky-high property prices in Hong Kong have been hitting the news quite regularly these days but the latest news about the territory’s real estate market took a tragic turn recently.
KUALA LUMPUR (June 23): Hong Kong (pictured) just keeps setting records for its uber expensive real estate.
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