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Bloomberg: The completion volume of private residential buildings in Hong Kong reached a four-year low in the first two months of this year and is expected to experience a Top Reversal.
According to the data from the research center of Midland Realty and the Buildings Department, the number of private Residence completions in Hong Kong in February recorded a total of 1,624 units, which is a month-on-month decrease of about 13.9% compared to January's 1,886 units, marking a decline for two consecutive months and reaching a new low in five months.
Market Chatter: Emperor International Wins Hong Kong Buildings in Forced Auction
In March, the total value of property sale and purchase agreements in Hong Kong was 45.6 billion HKD, which is a month-on-month increase of 61.4% and a year-on-year increase of 22.1%.
In March, the total value of property sales contracts in Hong Kong was 45.6 billion Hong Kong dollars, an increase of 61.4% compared to February, and also up 22.1% compared to March last year.
Emperor International Holdings Limited Announces Board Composition and Committee Roles
Emperor International Sells Holder of Property Investment Firm to Emperor Watch & Jewellery Unit
EMPEROR INT'L (00163.HK) plans to sell all equity of Imperial Investment for HKD 79.8 million.
On February 28, 格隆汇 reported that EMPEROR INT'L (00163.HK) announced that on February 28, 2025, the seller EMPEROR PROPERTY INVESTMENT LIMITED and the buyer EMPEROR WATCH&J (Hong Kong and Macau) Holdings Limited entered into a sales agreement regarding the purchase of the entire equity of the target company, Empire Investment Limited, for a price of approximately HKD 79.8 million (subject to adjustment) and an outstanding loan owed by the target company to the seller. The price includes (1) the net asset value of the target group (referenced against the fair market valuation of the property); and (2) the outstanding loan. The target company is incorporated in the British Virgin Islands and is wholly owned indirectly by the company.
