2
Hong Kong property sector clouded by rising debt repayment risks (www.businesstimes.com.sg)
submitted 1 year ago by to c/china@sopuli.xyz
comment fedilink hide all child comments
 

Hong Kong’s debt-laden developers and their creditors are set to face intensifying financial pressure as bond maturities are slated to jump by nearly 70 per cent next year amid falling sales and valuations for the city’s economically crucial property sector.

[...]

Property and its related sectors account for roughly a quarter of Hong Kong’s GDP, and the industry’s rising non-repayments will not only weigh on its economic prospects but also cast a cloud over creditors, including HSBC, with sizeable exposure to developers in the Asian financial hub.

Local property developers’ bond maturities will climb to US$7.1 billion in 2026 from US$4.2 billion this year, according to LSEG data and Reuters calculations.

[...]

no comments (yet)

sorted by: hot top controversial new old
there doesn't seem to be anything here
1 comment in c/world view that post
[–] 1 point 1 year ago

Not surprised. The Government basically scared all the businesses away when they came down hard again and again against democracy protestors. Why set up shop in Hong Kong, where the Government has shown its willingness to use the courts and the law against anyone for any or no reason, when you could instead choose Singapore, Tokyo, or Seoul, which are located in politically stable democracies with courts that apply the law and governments which respect the people?

  • permalink
  • fedilink
  • source
    •