Property

Hong Kong & China

Potential buyers form a long queue at the Quarry Bay sales office for New World Development’s State Pavilia project in North Point. Photo: Edmond So

China Business

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

As of 6.22pm, New World Development sold out all of the 168 units on offer this weekend at its latest residential project in North Point.

15 Feb 2025 - 7:11PM

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

14 Feb 2025 - 9:00PMvideocam

4 Hong Kong developers submit bids for Tung Chung residential land

14 Feb 2025 - 6:55PM

Business

Chinese developer Greentown to issue US$350 million bond to refinance debt

Greentown said it would use the proceeds to refinance its debt and use cash to buy some of its outstanding notes.

14 Feb 2025 - 2:00PM

Greentown China’s website. Photo: Shutterstock Images

Business

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.

13 Feb 2025 - 5:50PMvideocam

Business

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.

13 Feb 2025 - 8:30AM

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Business

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.

13 Feb 2025 - 5:05PM

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

Business

China’s property market still needs more support: Goldman Sachs

Developer stocks surge by as much as 20 per cent after a report that authorities are preparing to cover China Vanke’s funding gap.

12 Feb 2025 - 5:10PM

Business

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.

11 Feb 2025 - 8:48PM

Business

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.

11 Feb 2025 - 4:43PMvideocam

CBRE has been appointed by the owner of the nine-storey Big Orange in Tai Wai to hold a public tender for the asset in April. Photo: Handout

China Business

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.

11 Feb 2025 - 4:53PM

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

Business

Hong Kong’s NWD puts another 55 units at State Pavilia up for sale at low price

Enthusiastic buyers oversubscribed the sale of a first batch of flats last week.

10 Feb 2025 - 4:30PM

Business

Chinese buyers are buying more expensive properties in Australia

In the financial year that ended in June, people from China were the largest foreign investors in Australian residential properties.

10 Feb 2025 - 8:30AM

Entertainment

Audrey Hepburn lived here: Swiss villa on market for US$21 million

Hollywood actress spent her last 30 years at 18th century farmhouse near Lake Geneva with extensive gardens, 8 bathrooms and 12 bedrooms.

9 Feb 2025 - 6:15PM

La Paisible, the Swiss villa formerly owned by screen icon Audrey Hepburn, has hit the market. The actress owned the 18th century farmhouse near Lausanne from 1963 until her death in 1993. Photo: Knight Frank

Business

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.

9 Feb 2025 - 11:30AM

The skyline of central Beijing. Photo: AP

Business

Hong Kong’s Gaw Capital buys Tokyo shopping centre for more than US$1 billion

Tokyu Plaza Ginza is one of the largest retail facilities in the Ginza district and has a couple of subway stations nearby.

7 Feb 2025 - 6:54PM

Business

Hong Kong’s NWD prices State Pavilia project in North Point at massive discount

Hong Kong developer, struggling with US$16 billion in debt, prices 88 units at HK$18,540 per square foot on average, an eight-year low for the area.

6 Feb 2025 - 7:57PM

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Spending

Why restaurants are replacing shops, changing Hong Kong’s retail landscape

The mix of tenants in malls and at street level is changing as restaurateurs pounce on slumping rents to expand, often taking the spaces left behind by retailers forced to leave during the pandemic.

9 Aug 2022 - 8:07AM

illustratio by perry tse

Business

Magnate warns of tough times as Hang Lung kicks off results season

The comments by Chan showed how Hong Kong has been caught since 2019 by a series of turbulent events, including months of anti-government protests, US sanctions and a Covid-19 pandemic in its third year.

28 Jul 2022 - 9:08PM

Business

Hong Kong, mainland cities worst performers in index tracking home rent growth

Upmarket home rents in Hong Kong and Shenzhen declined in the year’s first half, bucking the global trend of increases among 30 cities tracked by property consultancy Savills.

3 Aug 2022 - 11:00AMvideocam

Business

Hong Kong’s Peak Lookout restaurant has rent halved as Covid wipes out tourism

The owners of the iconic Hong Kong restaurant, previously a huge draw for tourists with its prime location, are now paying less than half the monthly HK$230,000 (US$29,300) they were forking out on a lease signed pre-pandemic.

26 Jul 2022 - 8:36PMvideocam

With its red, pitched roof, it has the appearance of an old English country cottage, with stone walls, arched windows and a visible chimney. Photo: Dickson Lee

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Hong Kong-listed SenseTime to spin off healthcare platform

How Sands China is driving Macau 3.0

NBA, Sands China collaborate to stage pre-season games in Macau

Bitcoin surge stalls as crypto investors grow cautious

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TRENDING TOPICS

Hong Kong housing

Property policies

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