Property

Hong Kong & China
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LUXE Homes
An aerial view of Tai Wai, Sha Tin. Photo: Shutterstock

Business

Hong Kong land sale to fetch around US$76 million amid developer caution

The New Territories site – the only residential plot offered in the previous quarter – has attracted bids from six developers.

Hong Kong’s lived-in home prices complete third year of decline

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Hang Lung Properties net falls on lower leasing profits, higher finance costs

Business

New World says it’s ‘business as usual’ amid rumours of default risk

Residential sales in Hong Kong continue to improve, and mainland China sales are on track, embattled company says.

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A view of New World Tower in Central. Photo: Jelly Tse
A view of New World Tower in Central. Photo: Jelly Tse

Business

Mortgage registrations hit record low as rate hikes spook market: Centaline

Owners registered 47,917 mortgages on various properties in 2024, the least since Centaline Property began tracking the data in 2000.

Banking & Finance

Shimao’s lender seeks private credit deal on US$1.3 billion loan

The loan, which matures on September 30, is backed by a complex in Hong Kong’s Kowloon Tong neighbourhood.

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Business

China’s property slump to persist in 2025 amid supply glut: Fitch

Gross floor area to fall 10 per cent while average selling price seen weakening 5 per cent in 2025, Fitch forecasts.

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Residental buildings in Huaian in eastern Jiangsu province, in November 2022. Photo: AFP
Residental buildings in Huaian in eastern Jiangsu province, in November 2022. Photo: AFP

Business

Sunac’s onshore debt deal bodes well for China’s troubled property sector: experts

The deal could ‘provide a viable reference model for other embattled Chinese property developers’.

Business

More Hong Kong home buyers may lose deposits, agents say

Deposit defaults on new homes shot up by 75 per cent to 449 last year, and property agents see the trend continuing into 2025.

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Business

Embattled Chinese developer Vanke suffers Fitch Ratings bond downgrade

S&P Global also downgrades indebted builder’s bonds two notches on concerns about the company’s liquidity.

The China Vanke logo is seen at a construction site in Shanghai. Photo: Reuters

Business

Tourism, student accommodation to give hotel assets a bump, experts say

A promising year awaits hoteliers as tourism rebounds and owners looking to sell their assets for better prices, industry experts say.

Hotel porters in Tsim Sha Tsui help guests with their luggages on December 31, 2024. Photo: Eugene Lee
Hotel porters in Tsim Sha Tsui help guests with their luggages on December 31, 2024. Photo: Eugene Lee

China Business

Founder of Chinese developer Zhenro faces action on ‘suspected illegal activities’

Ou Zongrong placed under legal compulsory measures after restructuring support agreement expired, according to holding company.

China Business

Country Garden gets a 4-month reprieve in Hong Kong liquidation

Earlier this month, developer released its first proposal to restructure as much as US$11.6 billion in liabilities.

Business

Will higher school fees, new taxes turn Hongkongers away from UK properties?

Additional education fees, a new tax scheme and slowing growth in rental rates could turn Hongkongers away from UK property.

People view the office buildings of the City of London from Parliament Hill in the Hampstead suburb of north London. Photo: AFP

Business

More foreign property investors are likely to sell Greater Bay Area assets

Analysts attributed the expected sales to escalating geopolitical tensions and lower investment yields.

A China Vanke project in Nanjing. Photo: AFP
A China Vanke project in Nanjing. Photo: AFP

Business

First-time homebuyers snap up Tuen Mun flats amid easing economic worries

Early Light had sold more than three-quarters of the 280 flats on offer at The Reserve in New Territories by Saturday afternoon.

Business

CEO of Hong Kong’s NWD buys company-built flat for US$6.4 million

Echo Huang Shaomei, appointed in November as the second new CEO in two months, purchases 4-bedroom, 1,522 sq ft North Point home.

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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.

illustratio by perry tse
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.

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.

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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.

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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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OPINION
Nicholas Spiro

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

Nicholas Spiro
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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
Nicholas Spiro

The View | Asia’s property markets are shrugging off political risks

Nicholas Spiro
Mike Rowse

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

Mike Rowse
Dennis Lee

Opinion | How inaction sustains Hong Kong’s plague of subdivided flats

Dennis Lee
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MULTIMEDIA
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How Sands China is driving Macau 3.0

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

01:30
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Bitcoin surge stalls as crypto investors grow cautious

08:14
Video

Bridgewater's Prince says China is a 'unique opportunity' as funds diversify

06:08
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TRENDING TOPICS
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