‘The property market sentiment still remains relatively weak and the interest rate environment is relatively high,’ says secretary for development.

Hong Kong’s recent property launches have been discounted by as much as 10 per cent, compared with similar projects in 2015, according to data tracked by JLL.

Home transactions plummeted more than 30 per cent in June after a 35 per cent drop in May, according to official figures. And the lacklustre sales are weighing on prices in both the primary and secondary markets, JLL says.

Developed with the Nano and Advanced Materials Institute, the reusable coating aims to address losses of up to 30 per cent for windows during construction.

More than 300,000 commercial, residential and industrial land parcels will be automatically extended for another 50 years upon expiration.

There is likely to be little relief for the sagging market in the coming months as interest rates are tipped to remain high, says Ricacorp Properties.

Current law requires landlords to get licence if flat has 12 or more rental beds, but source says some just opt for 11 sleeping areas.

A weak economic recovery and geopolitical uncertainties have had more companies ‘talking about money’ when making rental decisions, according to Colliers.

As the electrification of Hong Kong’s car market gathers pace, models like Denza, the luxury EV brand owned by BYD, are launching showrooms in the city which is driving the retail property market.

Finance chief Paul Chan says Hong Kong can offer attractive career development opportunities and a good place to settle down, among other perks.

Housing authority says it has noticed developers’ high commissions to agents to boost sales and that it could launch an investigation should the need arise.

The conglomerate sold a 30 per cent stake in the North tower of the Shenzhen Qianhai Chow Tai Fook Finance Centre to parent Chow Tai Fook Enterprises.

Sale of Kowloon home owned by Hui Ka-yan will partially pay off a US$685 million debt, company says in summons letter.

Luxury retailers like Cartier, Chanel, Dior and Louis Vuitton will invest another US$600 million creating unique new spaces, developer says.

Company says it has secured multiple low-cost new loans to replenish its liquidity and increase the proportion of yuan loans as it seeks to control financing costs.

Readers discuss the government’s inconsistent approach to sustainability, the need for transparency around property prices, and the danger of overdevelopment.

The Shenzhen-based company has tried to restructure its debt for more than two years since it defaulted on US$12 billion of offshore debts since late 2021.

A tide of mainland Chinese retail brands expanding in Hong Kong appears to have ebbed, with several food and beverage chains ending their tenancies as their businesses come under pressure

Activity by veteran investors like the former CEO of the Hong Kong stock exchange signals a more optimistic outlook, experts say.

SHKP’s Novo Land phase 3B sold 135 of 160 units on offer on Saturday, but 30 units at Continental’s Amber Place in Cheung Sha Wan went unsold.

Town Planning Board to meet residents next week amid concerns over plan to fill in fish ponds and rezone current wetland areas.

Government says figure not reflective of city’s ‘economic reality’, highlights low unemployment rate and signs of retail, tourism recovery.

Rankings from top think tanks and other organisations assess wide list of criteria, ranging from international trade and investment to employment.

A total of 72 markets, or 79.1 per cent of the 91 cities surveyed worldwide by Turner & Townsend, reported a labour shortage.

Property consultancy CBRE leverages growing trend in Hong Kong’s property market where tenants prefer to lease smaller spaces.

The Urban Renewal Authority’s HK$15 billion project in Kowloon City will yield 4,350 flats by 2038.