HIBOR Unlikely to Follow US Rate’s Hike The US Federal Reserve held interest rates unchanged in its first meeting since US President Donald Trump took office. Hong Kong Monetary Authority has reminded local banks, corporations and individuals “to remain vigilant and manage risks prudently” as the gradual normalization of US interest rates may affect global capital flows, exchange rates and […]

Amoy Garden Small Unit Sold at HK$4.08m A 255 sellable square feet flat at Amoy Gardens in Ngau Tau Kok was sold for HK$4.08 million or HK$16,000 per square foot. It is the second most expensive small unit sold from the estate. Meanwhile, a 431-square-foot two-room unit in Rhythm Garden was sold at HK$6.28 million or HK$14,571 per square foot, […]

HKR & Hysan Bought Two Tai Po Sites for HK$3.39b Two neighbouring residential sites in Tai Po Lo Fai Road were awarded to a joint venture between HKR International and Hysan Development for HK$3.39 billion yesterday. The average prices per square foot of the two sites are HK$6,439 and HK$7,007, which are 16% and 7% higher than market valuation respectively. […]