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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
Hong Kong plans to start regulating subdivided houses, with authorities hoping to get the proposed law passed this year. Photo: May Tse
Hong Kong housing

Hong Kong to consider easing proposed regulations on subdivided flats: minister

Housing minister also says government will focus on building public homes on larger sites rather than individual blocks on less desirable plots.

New World Development

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

Asia housing and property

4 Hong Kong developers submit bids for Tung Chung residential land

Hong Kong housing

Letters | Hong Kong must train its sights on middle-class housing woes

Readers discuss the direction the city should take in addressing housing problems, and the possibility of a football match featuring Cristiano Ronaldo.

A man looks at a model of a Home Ownership Scheme estate at the Housing Authority’s premises in Lok Fu on October 23, 2024. Photo: Dickson Lee
China

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.

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China

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.

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Hong Kong economy

Why are Hong Kong government buildings slated for demolition filling up again?

Is allowing temporary occupants a good way to use available premises? Some say it just points to poor planning.

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(From left) Revenue Tower, Wanchai Tower and Immigration Tower have been earmarked for redevelopment into a complex connected to the Convention and Exhibition Centre. Photo: Roy Issa
Hong Kong

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.

United States

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.

China

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.

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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
Architecture and design

How a 30-year-old Hong Kong flat became a French bistro-inspired haven

A Hong Kong couple, who are professionals in the financial sector, hired MAD Studio to turn their Mid-Levels home into a modern sanctuary.

The living room of the apartment in Mid-Levels, Hong Kong, designed by MAD Studio. Photo: Tracy Wong Photography
Hong Kong housing

Hong Kong groups, subdivided-flat tenants seek changes to proposed regulations

Public consultation on proposed regulatory system for subdivided flats ended on Monday.

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China property

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.

International Property

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.

The Tokyu Plaza Ginza shopping centre. Photo: Shutterstock
Hong Kong stock market

HSBC cuts New World stock target, suggests capital injection to calm investors

Stock has lost 37 per cent, or about US$822 million in market value, since late November as a management shake-up failed to calm investors.

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Chariman Henry Cheng Kar-shun, whose family controls 45 per cent of New World Development. Photo: Jonathan Wong
Hong Kong economy

Are costs rising in Hong Kong? Inflation stays low but households say otherwise

Hongkongers bitten by higher prices have taken to shopping across the border or exchanging used items.

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New World Development

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.

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Standard & Poor's (S&P)

Default of major developer could send shock waves through property market: S&P

‘Hong Kong’s residential property recovery may be slipping out of view,’ credit-rating agency says.

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A man passes a property agency in Mong Kok. Photo: Elson Li
Consumer protection in Hong Kong

Hong Kong’s consumer watchdog launches Greater Bay Area property portal

New website offers buyers and renters one-stop platform with up-to-date information, Consumer Council says.

Property financing

Midland suggests property-friendly changes to city’s cash-for-residency scheme

Freddie Wong Kin-yip says changes would help to support Hong Kong’s struggling real estate market.

United States

Restaurants Eggslut, The Ark to shut Hong Kong outlets amid retail upheaval

Burger joint The Ark is closing its Russell Street outlet later this week and plans to relocate to Shenzhen to follow the shift in spending patterns.

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The Eggslut outlet at Fashion Walk in Causeway Bay, pictured on June 28, 2023, shortly after it opened. Photo: Jonathan Wong
Property financing

Henderson Land to launch 12 projects with 5,400 units this year, citing optimism

Property firm says housing demand is substantial and reduced rates will lead to lower mortgage repayments.

Henderson Land’s Belgravia Place development in Shek Kip Mei. Photo: Yik Yeung-man
Hong Kong housing

Hong Kong’s CY Leung, Centaline founder clash over housing supply projections

Agency head Shih Wing-ching says Leung’s criticism involving his firm amounts to ‘personal attack’.

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Hong Kong

Hong Kong property sales hit 4-month low as tariffs, rate outlook rattle buyers

Deals involving residential and commercial properties and parking spaces fell in January as buyers braced for geopolitical tensions, slower rate cuts.

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Asia housing and property

The View | Why policy intervention in Hong Kong property can only go so far

Hong Kong’s property market is vulnerable to concerns about a hawkish Fed and mainland China’s recovery. Not so for Singapore’s domestically oriented market.

Property agents and potential buyers visit the sales office for a new residential development in Hong Kong’s Tuen Mun district, on February 1. Photo: Elson Li
Architecture and design

This ‘modern-rustic’ Hong Kong home was ahead of the 2025 design trend curve

A design-savvy couple created a cosy haven in Braemar Hill, using rich textures to enliven a neutral backdrop.

The modern-rustic Braemar Hill, Hong Kong, family flat designed by hoo is on point for many 2025 home interiors trends. Photo: hoo
New World Development

K11’s Adrian Cheng resurfaces in French cultural exchange with Emmanuel Macron

‘Our focus is on the global development of the cultural industry,’ former New World Development CEO says.

Hong Kong

Rare deals, distressed sales to prevail in Hong Kong property

Traditional investors to stay on the sidelines while educational and church organisations scoop up assets, analysts say.

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