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Hong Kong property

Hong Kong property
Latest news and analysis about Hong Kong’s property industry, including sales, market outlook, policies, products and the performance of developers.
last updated:
9 September, 2024
Property agents and buyers gather at a sales venue for 198 units of Chinachem’s Echo House on October 27, 2024. Photo: Elson Li
Hong Kong

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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China property

Country Garden shares jump on restructuring hopes as trading resumes

Architecture and design

How this Hong Kong home pays homage to Tokyo ryokans

Hong Kong housing

New Hong Kong title deeds system should include existing owners: lawmakers

Legislators say land and property owners should be allowed to transfer their title deeds to new system.

Hong Kong is proposing new legislation to set up a new title deeds registration system. Photo: Sam Tsang
Hong Kong

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.

Hong Kong housing

Hong Kong to tackle potential land ownership disputes with new title deeds

Development Bureau says proposal set to take effect in two years and intended to prevent fraud.

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Hong Kong courts

Hong Kong district councillor fined HK$1,000 for property tax form failure

Sky Li, 43, admits he failed to file a property tax return in the 2021-22 financial year.

Sai Kung district councillor Sky Li leaves Kwun Tong Court on Monday after being fined. Photo: Brian Wong
Property investment

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

There are good reasons Hong Kong’s real estate market keeps underperforming regional peers, but the prevailing narrative is too pessimistic.

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Banking & finance

Hong Kong gets 41% more Chinese, foreign firms with record investments

More companies set up their operations in the city last year, taking non-Hong Kong company registrations to record-high.

Hong Kong housing

Opinion | Hong Kong should not be rewarding people who snitch on neighbours

While updating laws to punish abuse of public housing is welcome, encouraging snitching will have ripple effects elsewhere.

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A pedestrian checks his phone near a public housing estate at Ngau Tau Kok on January 15. Photo: Jelly Tse
China property

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
Property financing

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.

Hong Kong housing

Public housing abuse tip-offs may double with reward scheme: Hong Kong minister

But housing chief Winnie Ho predicts only half of the complaints can be substantiated as some mix up private homes with public rental flats.

Hong Kong housing

Hong Kong to expedite approvals to keep construction sector from contracting

Repeated failed land bids had prompted some construction and architectural firms to cut jobs, force staff to go on unpaid leave.

Construction projects in progress in Kai Tak. Photo: Nora Tam
New World Development

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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A view of the historic State Theatre Building in North Point, site of New World Development’s State Pavilia project. Photo: Jelly Tse
Hong Kong housing

Hong Kong developers concerned over Northern Metropolis tender, call for changes

Government will award the tender to the highest bidder without providing discounts or incentives to attract companies, source says.

Hong Kong politics

Tycoon Kadoorie ‘spearheads US$50 million drive to promote Hong Kong worldwide’

Kadoorie met other tycoons three weeks ago to share his grand plan, source says.

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Asia housing and property

Defunct Hong Kong gym chain owner sells 4 flats at over 40% discount

Disposal involved four units at Park Haven development in Causeway Bay, which were sold by Physical owner Luk Ngai-keung.

The owner of gym chain Physical, Luk Ngai-keung, was arrested by Hong Kong customs officers in September. Photo: Sam Tsang
Hong Kong economy

Opinion | Why investors can be confident of Hong Kong’s finances

Look at Hong Kong’s risks and opportunities, as well as its leadership and policy execution and the facts are plain to see.

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Hong Kong housing

Hong Kong public flat now a gym? Tenants can be jailed for abusing system

Authorities target tenants who turn homes into businesses such as beauty parlours and gyms under proposed legal changes.

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Hong Kong politics

Editorial | Get balance right on offices of Hong Kong’s ex-leaders

Former Hong Kong chief executives still have a role to play, but there is also a need to spend wisely during difficult financial times.

One Pacific Place in Admiralty. The office of Carrie Lam Cheng Yuet-ngor, former Chief Executive, is located on the eighth floor of the building. Photo: Dickson Lee
China property

Troubled Chinese developer Country Garden’s loss for first half of 2024 narrows

Foshan-based developer also says revenue for first half of 2024 fell 55 per cent to 102 billion yuan (US$13.9 billion).

A woman passed a Country Garden development in Tianjin, China. Photo: Reuters
Architecture and design

How this family home creates positive head spaces to live, work and play

This home for a family of four in Tuen Mun, Hong Kong, was designed to feel like a sanctuary, calming mind and body – but there’s also room for play.

Hong Kong housing

Subletting of public rental homes in Hong Kong to become jailable offence

Offenders will face maximum HK$500,000 fine and one year in prison under proposed legal amendment to curb abuse of public housing resources.

Retail properties

Distressed property deals to rise in Hong Kong this year as sellers cut prices

High interest rates and uncertainties in the global economy are cited as reasons why distressed deals will rise in 2025.

A man walked through Kai Tak with construction in the background. Photo: Nora Tam
Hong Kong

Mainland Chinese buyers to keep driving Hong Kong home sales in 2025: analysts

Buyers from mainland China accounted for 11,638 transactions in 2024, an increase of 90 per cent from a year earlier.

A property agent soliciting business at Wong Chuk Hang MTR Station. Photo: Sam Tsang
Hong Kong economy

Editorial | A meeting of minds in Tung Chung land sale

Hong Kong government’s revision of conditions on developers for final site put up for tender in 2024-25 financial could help set a positive tone going forward.

Hong Kong housing

Editorial | No room for grudges in tip-offs exposing abuse of Hong Kong public flats

Scheme rewarding whistle-blowers who report ineligible tenants of Hong Kong housing meant for less well-off must be used fairly.

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