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Free holidays, rail passes as Hong Kong developers push sales

HONG KONG: Developers in Hong Kong are offering perks such as free rail tickets and early move-in dates in a further sign one of the world’s hottest property markets may finally be cooling.

Kwok family co-develops Ballymore studio flats in London beginning at US$500,000, while buyers in Hong Kong have to pay more for less

The second phase of sales at Goodluck Hope project in London’s east side, with prices starting at £395,000 for the smallest unit, will launch on Friday

Tycoon Li bets big on property market

HONG KONG: Tycoon Victor Li made his first land purchase in Hong Kong since taking the reins of CK Asset Holdings Ltd from his billionaire father Li Ka-shing, splashing out on a development site above a subway station.

HK private home prices rise at fastest pace in a year

HONG KONG: Hong Kong’s record-breaking private home prices rose at their fastest pace in a year in April, the latest government data showed, as the city’s scorching hot housing market shows no sign of cooling down.

HK property millionaires fuel 49-year-old brokerage

Everbright Sun Hung Kai plans to hire 100 relationship managers

Booming market: A file picture showing apartment buildings and low-rise units standing in high-end Discovery Bay. Centaline Property’s Centa-City Leading Index of existing home prices hit a record this month and has risen about 10 this year. — Bloomberg"

Sailing-Brazil's Grael charts new waters for women in ocean race

LONDON (Reuters) - Surviving the sometimes savage Southern Ocean brought Brazilian Olympic gold medal winner Martine Grael one leg closer to her ambition of becoming an all-round sailing great.

Hong Kong’s record US$3.2bil land sale shows rate fear is benign

HONG KONG: Sun Hung Kai Properties Ltd’s record HK$25.2bil (US$3.2bil) purchase of a coveted plot near Hong Kong’s former airport signals that the city’s developers are brushing off concern that expected rate increases will damp the red-hot housing market.

Super high-end: The Kai Tak area in Kowloon has become one of Hong Kong’s hottest property markets, attracting a flock of investors in recent years. — Reuters

Higher prime rate to end Hong Kong property boom

HONG KONG: Hong Kong property companies such as Sun Hung Kai Properties Ltd and CK Asset Holdings Ltd are bracing for the first increase in the city’s prime rate in more than a decade. A higher prime rate, which sets the upper limits on mortgages, could damp surging housing prices in the world’s least-affordable real estate market.

Stronger footing: A farmer plants banana trees in front of high-rise apartments in Hong Kong. Hong Kong’s property companies are probably better positioned than in the past to weather a prime increase, even if it does cool housing prices. — Reuters

Sailing - MAPFRE clinches victory in Itajai to extend In-Port Series lead

(Reuters) - Spanish team MAPFRE won the Itajai In-Port Race in Brazil on Friday after an intense battle with team AkzoNobel for the lead.

Sailing-British Volvo Ocean Race crew member lost at sea

LONDON (Reuters) - A British Volvo Ocean Race crew member who fell overboard in the Southern Ocean is presumed lost at sea, organisers said on Tuesday.