Hong Kong, the world’s most expensive residential market, is facing a downward trend as it drops out of the top 10 world’s wealthiest cities. The economic downturn, immigration wave, and the Federal Reserve’s interest rate hike have all caused Hong Kong’s property prices to face deep declines. With the decoupling of China and the United…

News analysis The assets of bankrupt HNA Group are being sold off by creditors, including the luxury villa in Hong Kong’s most affluent residential location at Twelve Peak that belonged to Chen Feng, the group’s co-founder and chairman. According to the Hong Kong Land Registry, house 6 developed by Twelve Peaks was taken over on Oct….

Hong Kong’s property stocks saw their biggest loss since May 2020 amid growing investor angst about China’s property company Evergrande collapsing and the country’s real estate crackdown. The Hang Seng Index (HSI) was down more than 3 percent with China and Japan closed for a holiday, the most since May 2020. Hong Kong real estate giant Henderson Land…