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Hong Kong housing
Hong Kong land sale
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An unfinished residential compound developed by China Evergrande Group stands on the outskirts of Shijiazhuang, Hebei province, on February 1, 2024. Photo: Reuters
China property

China’s land buy-backs to help developers must accelerate: analysts

Only a handful of Chinese cities have disclosed such purchases so far, many of them at a small scale.

Hong Kong property

‘Difficult year’ ahead for Hong Kong developers as rate-cut hopes fade

Hong Kong property

NWD sells out State Pavilia flats on offer amid ‘attractive’ pricing

China property

Shanghai’s Temple Square mall sells below valuation in bankruptcy auction

Once coveted by foreign funds including CarVal, the shopping complex has been abandoned since 2017 after its owner fell into a debt crisis.

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The commercial zone of the City God Temple complex in Shanghai. Photo: Shutterstock
The commercial zone of the City God Temple complex in Shanghai. Photo: Shutterstock
Hong Kong property

Hong Kong office landlords face next ‘pain point’ as asset value erodes

As office rents approach levels last seen in 2012, Hong Kong landlords will struggle with weaker valuations, more distress sales, S&P says.

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Hong Kong property

HSBC cuts rates on fixed mortgages in Hong Kong amid slumping sales

Other banks may follow with similar cuts to ease financing costs and help revive home sales.

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Hong Kong property

Hong Kong tycoon’s family sells The Center office floors at 34% loss

Ma Ah-muk bought the floors in 2018 from Li Ka-shing’s CK Asset as part of what was then the world’s priciest property transaction.

The Center (centre) towers over neighbouring buildings in Central on November 2, 2017. Photo: Nora Tam
The Center (centre) towers over neighbouring buildings in Central on November 2, 2017. Photo: Nora Tam
Hong Kong property

NWD raises prices for Hong Kong flat sale amid ‘enthusiastic’ demand

Indebted developer bumps up prices for third batch of flats in State Pavilia project in North Point, which goes on sale on Saturday.

Hong Kong property

Hong Kong restaurateur to sell Sha Tin building amid retail distress

Yeung Wai, the chairman of Fulum Group, is offering the Big Orange, acquired in 2013 for US$64 million, via tender.

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China property

China Vanke secures US$383 million lifeline from top shareholder

The developer is transferring an 18 per cent stake in its property management unit Onewo as collateral.

China Vanke has forecast a record loss of 45 billion yuan for 2024. Photo: Simon Song
China property

Analysts expect China property recovery in 2025 after seeing January improvement

New home prices in China’s top-tier cities rose 0.36 per cent in January from a month earlier.

The skyline of central Beijing. Photo: AP
The skyline of central Beijing. Photo: AP
Hong Kong property

Default of major developer could send shock waves through property market: S&P

‘Hong Kong’s residential property recovery may be slipping out of view,’ credit-rating agency says.

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Hong Kong property

Midland suggests property-friendly changes to city’s cash-for-residency scheme

Freddie Wong Kin-yip says changes would help to support Hong Kong’s struggling real estate market.

Hong Kong property

Restaurants Eggslut, The Ark to shut Hong Kong outlets amid retail upheaval

Burger joint The Ark is closing its Russell Street outlet later this week and plans to relocate to Shenzhen to follow the shift in spending patterns.

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The Eggslut outlet at Fashion Walk in Causeway Bay, pictured on June 28, 2023, shortly after it opened. Photo: Jonathan Wong
China property

Chinese developer Sino-Ocean’s debt plan wins court approval in UK

The outcome potentially paves the way for the company to prevail in a liquidation lawsuit in Hong Kong later this month.

A model of a residential complex developed by Sino-Ocean Group is pictured in Qinhuangdao city, Hebei province, China, on June 30, 2024. Photo: Simon Song
A model of a residential complex developed by Sino-Ocean Group is pictured in Qinhuangdao city, Hebei province, China, on June 30, 2024. Photo: Simon Song
Hong Kong property

Hong Kong property sales hit 4-month low as tariffs, rate outlook rattle buyers

Deals involving residential and commercial properties and parking spaces fell in January as buyers braced for geopolitical tensions, slower rate cuts.

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Hong Kong property

Rare deals, distressed sales to prevail in Hong Kong property

Traditional investors to stay on the sidelines while educational and church organisations scoop up assets, analysts say.

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Hong Kong property

SHKP’s Sai Sha project: can it be the next Taikoo Shing or Lohas Park?

Hong Kong’s biggest property developer is likely to launch the first batch of 781 flats in the Sai Sha project this quarter.

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A general view of Taikoo Shing. The first phase of the 12,698-unit development was launched in 1977. Photo: Jelly Tse
A general view of Taikoo Shing. The first phase of the 12,698-unit development was launched in 1977. Photo: Jelly Tse
Artificial intelligence

Ex-JPMorgan executive, local businessmen start GenAI-powered logistics platform

NEXX uses GenAI and LLMs to help warehouses reduce costs and improve efficiency.

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Hong Kong property

Slow start for Hong Kong’s first property launch in Year of the Snake

Only 27 of the 133 units on offer at The Reserve at Gold Coast Bay in Tuen Mun were sold as of 8pm.

Interest rates

Hong Kong holds fire on monetary policy, keeping base rate at 4.75%

HSBC and other major banks will only announce their interest-rate decisions on Monday, the first working day of the Lunar New Year.

A shop on sale at Airside in Kai Tak on January 3, 2025. Photo: Edmond So
Hong Kong property

Hong Kong’s December mortgages slump 21.1% on higher rates

Mortgage applications fell to 6,306 last month, the first decline since September, according to a statement by the Hong Kong Monetary Authority.

Homes for sale are listed on a property agency in South Horizons. Photo: Eugene Lee
Homes for sale are listed on a property agency in South Horizons. Photo: Eugene Lee
China property

China Vanke’s reshuffle signals bailout for troubled developer, analysts say

Support for Vanke could see banks extend loans, reduce discounts on asset sales and boost homebuyers’ confidence, CGS’ Raymond Cheng says.

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Hong Kong property

Hong Kong developer Hang Lung diversifies amid consumer challenges

‘We have to improve ourselves and make sure that our offering is relevant,’ CEO Weber Lo says.

China property

Vanke gets new chairman from its No. 1 shareholder to spur growth

New chairman’s state-linked background sends positive signals, but company’s fate still depends on a sales recovery, an analyst says.

A photo taken on March 31, 2024, shows a worker driving past residential buildings under construction by Chinese real estate developer Vanke in Hangzhou, in eastern China’s Zhejiang province. Photo: AFP
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OPINION
Nicholas Spiro

The View | Why Hong Kong’s property blues don’t add up to a crisis yet

Nicholas Spiro
Nicholas Spiro

The View | Why policy intervention in Hong Kong property can only go so far

Nicholas Spiro
Nicholas Spiro

The View | Hong Kong property market gloom has become self-fulfilling prophecy

Nicholas Spiro
11
Winnie Ho Wing-yin

Opinion | How government plans to improve lot of Hongkongers in poor housing playing

Winnie Ho Wing-yin
Prof Zhang Jun

Opinion | How China’s fast-transforming economy can avoid painful L-shaped growth

Prof Zhang Jun
Mike Rowse

Opinion | Hong Kong’s small flats will drive international talent elsewhere

Mike Rowse
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