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Hong Kong property

The chairman of Agile Group Holdings has sold all nine units he owned in Hamburg Villa this month. Photo: Jonathan Wong
China

Chinese tycoon offloads 9 Hong Kong luxury flats at half price in fire sale

Chen Zhuolin sold nine units in Hamburg Villa, valued at HK$213 million (US$27.3 million), for about HK$90 million.

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Hong Kong economy

Firms to pledge support for Hong Kong’s Northern Metropolis after Beijing’s call

Hong Kong

Hong Kong rental yields hit 12.5-year high on talent influx

Property investment

Art houses Christie’s, Sotheby’s show off flashy new Hong Kong showrooms

The auction houses’ glammed up spaces are a reflection of their desire to change the way they conduct business.

A view of Sotheby’s new space in Hong Kong. Photo: Facebook
Hong Kong economy

Is Hong Kong’s system of assessing land demand broken? Experts have the answers

Professor Liu Pak-wai says geopolitical headwinds and integration with mainland China warrant reassessment of city’s land needs.

Asia housing and property

Homebuyers snap up flats at Wang On’s 101 King’s Road project amid market revival

Located at 101 King’s Road, near Fortress Hill MTR station, the project offers one-to-three-bedroom flats from 244 sq ft to 434 sq ft.

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Hong Kong housing

Will Hong Kong’s proposed new building rules to help elderly spur projects?

Professionals and lawmakers hail move as step in right direction, but say whether developers will take action depends on size of concessions they receive.

Seniors attend an exercise session in an elderly care home in Pok Fu Lam. Photo: Dickson Lee

New World Development focused on debt management before M&A: Cheng

Developer is focused on liability management following a management shake-up in September to steady the ship, chairman Henry Cheng says.

Hong Kong housing

Cautious bids expected for second try at Hong Kong land sale

MTR Corp’s tender for a Tung Chung site follows a senior government official’s call for developers to show faith in Hong Kong’s future.

Asia housing and property

Tsim Sha Tsui named world’s fourth most expensive shopping district

District falls from third place but is the most expensive shopping destination in Asia-Pacific, according to Cushman & Wakefield.

Shoppers on Canton Road in Tsim Sha Tsui. Photo: Jelly Tse
SCMP Exclusives

Exclusive | World’s largest hedge fund CIO buys HK$95 million home in Hong Kong

Bridgewater Associates’ co-CIO Bob Prince paid HK$95 million for a three-bedroom home at St. George’s Mansion in Ho Man Tin.

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St. George’s Mansion (high-rise on the left) is nestled in the Ho Man Tin area. Photo: Sino Land
IPO

Could Hong Kong property tycoons’ backing lead to revival of IPOs?

Hong Kong billionaires are cornerstone investors in SF Holding’s US$793 million IPO, the first time tycoons have backed a listing in the city since 2022.

Architecture and design

What does a flight attendant’s home look like?

Living out of a suitcase for much of the year, a private jet attendant insisted his Kai Tak, Hong Kong apartment feel like home, not a hotel – complete with feng shui elements.

Hong Kong housing

The View | Can Hong Kong’s property market weather the Trump shock?

Hong Kong’s real estate industry cannot seem to catch a break, though the outlook is not all doom and gloom if you know where to look.

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Pedestrians pass a property agency in Ap Lei Chau on October 15. Hong Kong’s property sector is bracing for another four years of uncertainty after Donald Trump’s victory in the US presidential election. Photo: Eugene Lee
China property

China, Singapore key to Hongkong Land’s US$10 billion asset disposal goal

Analysts approve the developer’s ‘strategic pivot’, but caution that execution remains key to its success.

Hongkong Land, which is controlled by conglomerate Jardine Matheson, manages US$32 billion of investment properties. Photo: Shutterstock
Architecture and design

The design secrets of Hong Kong’s private housing estates

These residential complexes may look identical, but new book Cities of Repetition unveils their distinct architectural identities – from Mei Foo Sun Chuen to Sha Tin’s City One.

Hong Kong society

Hong Kong ombudsman to probe slope safety amid concerns over landslide risks

Number of landslides in 2023 exceeds 600, higher than the annual average of about 300 in the past 30 years, watchdog says.

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Hong Kong housing

University town in Hong Kong to welcome 32,000 from 2034, with biggest hospital

First residents able to move to Ngau Tam Mei development in 2034, as government unveils details after Beijing’s meeting with developers.

The university town is part of the Northern Metropolis megaproject. Photo: May Tse
Hong Kong

Hong Kong politician snaps up Tin Hau hotel at bargain price

Bunny Chan, who is a deputy to the National People’s Congress, and Paggy Chan, are the new owners of Twenty One Whitfield.

Property financing

Chinese tycoon dumps Hong Kong Mid-Levels flat for 35% less than he paid for it

The seller of the flat is An Zhifu, president of Sichuan-based Fulin Group.

Hong Kong economy

Hong Kong’s business leaders have autonomy but can contribute more: John Lee

City leader’s assurance follows call from Xia Baolong, Beijing’s point man on Hong Kong affairs, for the business sector to support growth.

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Kwai Chung Container Terminal. Xia Baolong, Beijing’s point man on Hong Kong affairs, has urged the business sector to support growth. Photo: Jelly Tse
Obituaries

Lui Che-woo, property and casino magnate of K. Wah and Galaxy, dies at 95

Lui, the chairman of the K. Wah Group of companies, died peacefully on November 7, according to filings to the Hong Kong stock exchange by his companies.

Lui Che-woo, the founder and chairman of K. Wah Group, during an interview in North Point, Hong Kong on 24 July 2017. Photo: David Wong
Hong Kong

Hong Kong landlords head for the exit when the going is good

Owners seize upon market optimism amid rate cuts and easing restrictions before a supply glut and uncertain economy derail sentiment.

Hong Kong housing

Waiting time for Hong Kong public rental flats remains unchanged at 5½ years

Authorities say faster housing of applicants in New Territories counterbalanced by fewer homes available this quarter.

Asia housing and property

Hong Kong residential property prices to rebound in 2025; unsold inventory looms

‘We expect Hong Kong home prices to be up 5 per cent in 2025,’ says Praveen Choudhary of Morgan Stanley.

The Pavilia Forest sale in Kowloon Bay. Photo: Dickson Lee
Hong Kong housing

Exclusive | Why didn’t Hong Kong set stricter rules to wipe out its notorious shoebox flats?

Setting a larger minimum size for subdivided flats would have meant delays in supplying homes to those affected, minister says.

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A 50 sq ft subdivided flat in Sham Shui Po. Photo: Eugene Lee
Property financing

Hong Kong home prices to bottom out in short term after rate cut: analysts

Unexpected prime-rate cut by local lenders seen bringing more buyers into market, shoring up prices.

Banking & finance

DBS buys entire 75th floor in The Center in bullish sign for office market

The latest purchase from ‘Cassette King’ Chan increases DBS’s ownership to 11 floors in what was once the world’s most expensive tower.

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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
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