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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
Secretary for Development Bernadette Linn says an agreement signed last month aimed to unite efforts and promote the project near the border with mainland China. Photo: May Tse
Hong Kong economy

Hong Kong’s Northern Metropolis MOU a ‘general expression’ of support: minister

Bernadette Linn says non-binding deal to support megaproject does not require commitments for formal tenders.

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China property

China property flare-ups resurface as crisis enters fifth year

Business of climate change

Hang Lung pushes for faster decarbonisation in construction sector

Hong Kong politics

Hong Kong will not restore land-sale scheme axed in 2013, development chief says

Mechanism allowed developers to apply for sites listed by the government and offer a minimum price, triggering a public auction or tender.

Hong Kong’s property market has been struggling. Photo: Sam Tsang
Property financing

The Center sale came at a peak and now buyers struggle to exit

Take a look inside The Center, which was the world’s most expensive skyscraper when it was shrewdly sold by the city’s wealthiest man.

MTR Corporation

Nan Fung outbids 3 property groups in MTR tender for Tung Chung site

The award marks the first deal since a senior Beijing official told real estate tycoons to ‘recognise their responsibilities’ and to have faith in the market.

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Hong Kong

Hong Kong outshines Singapore as demand for flexible office space grows: report

Bengaluru and Makati are the hottest spots as demand surged by 107 and 47 per cent, respectively, according to a study.

People crossing a busy street in Central business district, Hong Kong , in October 2024. Photo: Dickson Lee
Hong Kong economy

Shoppers look to score as mall at Hong Kong’s Kai Tak Sports Park opens

The 700,000 sq ft shopping centre at soon-to-open Kai Tak Sports Park opened with hundreds of people queuing for cash coupons.

Hong Kong economy

Should Hong Kong arts hub tap luxury flats or ‘sell quickly’ to boost coffers?

West Kowloon Cultural District to embark on residential project with new investment arm, as board member touts ‘open-minded’ approach.

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Luxury Hotels

Hong Kong tycoon Gordon Wu’s Hopewell bets on hotel venture for tourism recovery

Founder Gordon Wu expects to retire in two years after redeveloping Nam Koo Terrace, also known as the Wan Chai Haunted House.

Gordan Wu and his wife Ivy Kwok Sau-ping Ping afrer the media briefing on December 17. Photo: Handout
China property

New World Development takes more beating in market as debt crisis lingers

Stock price slumps further as debt issues threaten to spiral into a crisis of confidence.

A sign outside the headquarters of New World Development in Hong Kong. Photo: Reuters
China

More Hong Kong shops to close, as retail shifts online

Local beauty brand JaneClare is an example of a firm that is making money online, but still values real-world spaces.

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Hong Kong politics

Innovation, fostering unity among top tasks for Hong Kong’s John Lee: observers

Chief Executive John Lee ends duty visit to Beijing on Saturday after meeting President Xi Jinping the previous day.

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Hong Kong

Mystery buyer spends HK$150 million for 26 flats in shopping binge

All the flats were acquired in Kai Tak district in projects including Double Coast 1 and Twin Victoria, according to agents.

General view of Kai Tak. The 320-hectare development is billed as Hong Kong’s second central business district. Photo: Dickson Lee
China

Hong Kong home prices: up or down? Experts weigh in with forecasts for 2025

Analysts forecast up to 5 per cent price fall or rise amid oversupply, falling interest rates and improving stock market performance.

CK Asset’s mass residential project in Kwun Tong. Some 87,000 new flats in Hong Kong are estimated to be ready by the end of next year, according to JLL. Photo: Nora Tam
Architecture and design

A long-standing family home gets a feng-shui friendly makeover

French designer Iman El Zeky breathed new life into a duplex in Discovery Bay, Hong Kong, crafting bespoke pieces and introducing colours for a chic space.

China property

Swire sees robust demand for flats at first mainland China residential project

Swire Properties said 94 per cent of the units at a residential project in Shanghai were sold.

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Property financing

Even Chow Yun-fat is no match for Hong Kong’s real estate slump

Cutting the price of his home on The Peak, the film star joins other celebrities and tycoons selling high-end homes at a discount.

An aerial view of residential buildings on The Peak. Photo: Roy Issa
Asia housing and property

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

Despite the prominence of domestic and geopolitical strife, it is policy that ultimately matters most to markets in Hong Kong, Seoul, India and Japan.

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New World Development

New World faces risk of mounting losses amid Hong Kong property slump

New CEO Huang has to grapple with looming losses on costly projects in a market downturn.

Hong Kong

Hong Kong’s hotel industry faces ‘worrying’ troubles in tax and Trump

A 3 per cent tax on hotel guests on January 1 and looming troubles from the Trump presidency could undermine the city’s tourism sector.

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Travellers at the arrival hall of the Hong Kong International Airport in Chek Lap Kok. Photo: Elson Li
Hong Kong housing

My Take | Time to accept that Hong Kong’s golf club housing plan is a swing and a miss

A court ruling that found the EIA for the project was riddled with errors and breaches of the law may turn out to be a blessing in disguise.

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Plans to use land at the Hong Kong Golf Club for housing have been hit by a ruling that an Environmental Impact Assessment was riddled with errors and breaches of the law. Photo: Dickson Lee
Hong Kong courts

Editorial | Ruling allows for a broader look at Hong Kong’s golf club housing plan

Hong Kong has embarked on major projects that will have an impact on the environment. It is essential to get the assessment process right.

Hong Kong housing

Hong Kong logs first cases of evictions ahead of subdivided-flats clampdown

Secretary for Housing Winnie Ho says complaints allege landlords evicted tenants in anticipation of government’s clampdown on subpar flats.

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Hong Kong healthcare and hospitals

Letters | Hong Kong’s third medical school must have sizeable teaching hospital

Readers discuss a vital resource for medical training, Hong Kong’s healthcare priorities and the need for vigilance over property transactions.

Queen Mary Hospital is part of the teaching hospital of the University of Hong Kong medical school. Photo: K. Y. Cheng
Hong Kong housing

Last tenants to leave ‘luxury’ Hong Kong public housing estate 6 years early

Authority could bring forward rehousing schedule for those living at Wah Fu Estate to between 2034 and 2035.

The 18-block Wah Fu Estate in Pok Fu Lam will be redeveloped. Photo: May Tse
Property financing

1 in 6 Hongkongers are eyeing home purchase in next 5 years: HSBC

Around 300,000 households will be in the market, exceeding expected supply, the lender estimates.

Banking & finance

China had nearly 100 fewer billionaires in 2024, UBS says

In Hong Kong, the billionaire tally rose to 74 from 68.

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