Venus FENG

Write about Asia investing, property and luxury for @business. Foodie, iOS fan, and @JMSCHKU alum. Views are my own.

[Venus FENG @Venus_Feng]

Hong Kong’s beleaguered housing market is staging a comeback, the latest sign that the city is on the road to recovery following years of gloom https://t.co/MCo9PjLrnI

[Bloomberg @business]

A Hong Kong investment tycoon sold two luxury apartments in the city’s Peak area for $115 million, marking one of the biggest residential deals in the financial hub this year https://t.co/zD3fQ59Q4c

[Bloomberg @business]

Chinese creditors who have struggled to recover funds from distressed property developers on the mainland are increasingly turning to Hong Kong courts in their quest for repayment https://t.co/tX6UXkTOJ3

[Venus FENG @Venus_Feng]

Crypto tycoon Li Lin is moving a trading team of about 20 people from his single-family office to Bitfire, a Hong Kong-listed digital wealth manager in which he owns a 30% stake, to help the firm tap more private banking clients https://t.co/sW7KNVWiOZ

[Bloomberg @business]

Hong Kong real estate company New World Development Co. has finally returned to the market with a pair of luxury towers that were in hot demand during the boom years — until the firm was forced to knock them down and start again https://t.co/PgIffunPvd

[Venus FENG @Venus_Feng]

Hong Kong is hiking stamp duty for luxury home transactions following a recent flurry of activity in the market https://t.co/jiHrWtPMdM

[Bloomberg @business]

Hong Kong home prices recorded their first annual increase in four years, the clearest sign yet that the city’s residential market is beginning to recover from a prolonged downturn https://t.co/GW7euXPKtJ

[Bloomberg @business]

Hong Kong's high-end residential market had one of its busiest periods in years over the past two weeks, with transactions totaling more than $750 million at nine projects alone, according to Bloomberg calculations based on filings https://t.co/CnHL4SgW9B

[Venus FENG @Venus_Feng]

The heiress of Chinese beverage giant Hangzhou Wahaha Group is seeking court approval to further appeal two orders concerning $1.8 billion in assets held in an HSBC account in Hong Kong https://t.co/KlPHM6ifYg

[Venus FENG @Venus_Feng]

What made the Hong Kong high-rise fire so deadly? Bloomberg’s interviews with residents and homeowners, and a review of project documents show a series of missed opportunities that could have prevented the tragedy https://t.co/umsDpWJmta via @business

[Bloomberg @business]

The scale of Hong Kong's deadly apartment block fire presents an acute challenge to a city notorious for its housing shortage and sky-high rents, as elderly residents, families and migrant workers find themselves suddenly homeless https://t.co/JJg59YlYZJ

[Lulu Yilun Chen @luluyilun]

PAG has turned what was initially a minority stake in an asset-light company into effective control of China’s biggest shopping mall operator https://t.co/VoXZGmbogh @Dongwinter @Venus_Feng

[Venus FENG @Venus_Feng]

Police in Hong Kong and Taiwan have frozen more than half a billion dollars in assets linked to Cambodia’s Prince Group, after US and UK authorities last month accused the conglomerate of operating a global fraud and money laundering ring https://t.co/vh6KDWUip3

[Lulu Yilun Chen @luluyilun]

In the rarefied world of Hong Kong’s billionaires, the financial troubles of one of the city's richest families serves as a cautionary tale for the elite https://t.co/3fmmaSk2Or @ShawnaKwan @shirleyZhaoXY @Venus_Feng @davidhgillen

[Bloomberg @business]

Hong Kong businessman Albert Yeung sold a collection of fine wine for $2.3 million in a Sotheby’s auction, almost 77% higher than pre-sale estimates https://t.co/um4ST2rTxz

[Venus FENG @Venus_Feng]

New record in HK’s property market this year: A mansion at 1 Gough Hill Road just sold for HK$1.088 billion ($140 million), the most expensive home sale in the financial hub this year https://t.co/lDic6us3AU

[Bloomberg @business]

Pure, the Hong Kong gym chain frequented by the city’s financial elite, has secured commitments for new funding to help it pay down debt, according to sources https://t.co/njAcsAkQuQ

[Lulu Yilun Chen @luluyilun]

More than a year after China Evergrande Group’s liquidators began pursing the wealth of seven key defendants, the high-profile case is now entering a critical phase https://t.co/6W80KMbQQX @Venus_Feng @PearlLiu @luo_trista

[Venus FENG @Venus_Feng]

China Evergrande Group’s delisting marks a bleak milestone for the nation’s property sector, now in a fourth year of paralysis that continues to weigh down the world’s second-largest economy https://t.co/9d2OqWKl1N

[Lulu Yilun Chen @luluyilun]

A Hong Kong court granted an order preventing Hangzhou Wahaha Chairwoman Kelly Zong from withdrawing any of the $1.8 billion held in an HSBC account, as part of a case filed by the heiress’s half-siblings. https://t.co/NArcjmRTK5 @Venus_Feng @Dongwinter