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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
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
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.

Architecture and design

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

China property

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

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.

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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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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 plans to offer landlords a grace period to renovate their subdivided flats. Photo: Eugene Lee
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.

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.

The number of billionaires in China fell in 2024, UBS says. Photo: Agence France Presse
Retail properties

Amid 2025 headwinds, Hong Kong landlords cut rents for Five Guys, global tenants

Analysts say brands with international appeal or unique selling points are driving new demand for retail space in the city.

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Five Guys is gearing up for a positive 2025. Photo: Cheryl Arcibal

Farewell to Lui Che-woo: Hong Kong, Macau honour legendary tycoon

Dozens of politicians including several former chief executives and business leaders honour the real estate and casino magnate.

Hong Kong economy

Letters | Rest and recovery will help Hong Kong compete at top level again

Readers discuss misplaced pessimism over the city’s difficulties, the challenge of an ageing labour force, faith in our economic fundamentals, and equal marriage rights.

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Hong Kong economy

How can Hong Kong tackle HK$100 billion deficit? Experts admit no easy answers

The 2024-25 financial year will be third in row for government to record deficit of least HK$100 billion.

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Business leader Allan Zeman has urged the government to improve efficiency within the “huge civil service” with the help of technology, which could reduce the demand for manpower. Photo: Edmond So
United States

Hong Kong property deals hit 7-month high, but December slowdown looms

Some 7,689 real estate transactions worth US$8.2 billion were completed last month, according to the Land Registry.

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Architecture and design

This jet-setting couple’s Hong Kong apartment got a Japanese makeover

The Zen-inspired pied-à-terre, designed by In Situ & Partners, is a minimalist haven with a traditional tatami room, tea pantry and onsen.

Hong Kong economy

Should Hong Kong raise taxes and cut costs to rein in HK$100 billion deficit?

‘End of the tunnel’ not yet in sight, says one commentator, as warnings issued over structural reliance on land sales.

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The government has more than doubled its deficit estimate for the 2024-25 financial year. Photo: Edmond So
New World Development

New World CEO Huang has task cut out to set Hong Kong developer’s house in order

Company insider has a solid background, but will have to prove to investors that she is the right person for the job, analysts say.

Echo Huang Shaomei has been elevated to CEO of New World Development. Photo: Handout
Hong Kong housing

Landlords warned over evictions as Hong Kong subdivided-flat consultation starts

Government proposes new laws that only allow registered subdivided flats that meet certain criteria to remain on the rental market.

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Hong Kong courts

Golf club reprieve as Hong Kong court quashes approval for 12,000 flats on site

Judge notes that decision could lead to public consultation being conducted again.

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Hong Kong housing

16-year wait for Hong Kong public housing? Singles under 60 slam policies

‘Is being single a sin,’ asks one resident, who is among those saying they are being left behind by focus on families and elderly.

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Wong Siu-mui pays HK$4,100 a month to rent her 70 sq ft subdivided home. Photo: May Tse
Hong Kong economy

Hong Kong developers say profits come first after Beijing’s North Metropolis call

‘One country, two systems’ guarantees that no top-down instruction will be placed on developers to discharge their social responsibilities, industry representative says.

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The Northern Metropolis will be developed on land close to Hong Kong’s border with Shenzhen. Photo: Winson Wong
Hong Kong economy

85 business heavyweights pledge to support Hong Kong’s Northern Metropolis

Enterprises also sign agreements among themselves on related projects, with investment amounting to more than HK$100 billion.

New World names head of China unit as CEO, second shake-up in 2 months

Huang’s three-year contract will see her earn HK$984,880 a month; Ma has quit to pursue other personal commitments, NWD says.

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