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Hong Kong’s office and retail property segments are likely to remain under pressure, according to Moody’s. Photo: Jelly Tse
Hong Kong property

Hong Kong developers to feel earnings pain amid high vacancy rates: Moody’s

Moody’s says office and retail property segments are likely to remain under pressure.

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Hong Kong property

A quarter of Hong Kong companies plan cuts in office space, survey shows

Hong Kong property

Chinese buyers return to Hong Kong’s luxury property market as activity picks up

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Business of climate change

Colorifix to bring earth-friendly fabric-dyeing ink to China, Asean by 2025

UK biotech start-up Colorifix will focus on the textile markets in India and Sri Lanka next year, before making its entry into China and Southeast Asia, chief operating officer Christopher Hunter says.

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A scientist working to create pigments in a Colorifix lab in the UK. Photo: Handout
Business of climate change

Hongkong Land joins push to decarbonise the city’s office buildings

It is the latest developer to launch an initiative that forms part of an industry-wide decarbonisation push aimed at helping the city reach its climate targets.

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Business of climate change

Zara uses recycling tech backed by co-developer of some of Asia’s priciest homes

CEO of Circ, part of Nan Fung Group’s The Mills Fabrica incubator, says its technology addresses the largest waste stream in the textile industry.

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Hong Kong property

Chinese tycoon’s daughter buys The Peak property for staggering US$82m

Lau Chauin, the daughter of the chairman of Heungkong Group, paid HK$140,800 (US$18,050) per square foot for a flat and three parking spaces in Mount Nicholson on The Peak.

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A flat in The Mount Nicholson residential project on The Peak reclaimed the title for the most expensive property in Asia on a per square foot basis. Photo: Handout
Hong Kong housing

Wheelock touts land sharing scheme proposal a ‘win-win’ solution for all

Private flats to be built under the Land Sharing Pilot Scheme will not necessarily cost more and is a ‘win-win’ solution for all stakeholders, managing director Ricky Wong says.

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Architecture and design

Co-working and retail complex The Mills Fabrica expands to London

Vanessa Cheung, the granddaughter of Hong Kong’s ‘King of Cotton Yarn’, took a warehouse in Tsuen Wan and turned it into a co-working, retail and arts space. Now she’s done the same in the UK capital.

Climate change

The Hong Kong fashion tech incubator looking to make industry sustainable

Nan Fung’s The Mills Fabrica provides a 12-month incubation programme for start-ups and invests in early stage companies that reduce waste along the fashion industry supply chain.

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Nan Fung Group’s innovation hub for the fashion industry in Tsuen Wan. Photo: Jonathan Wong
Hong Kong property

Hong Kong’s deluxe homes await China border opening for next leap

Individual and corporate real estate investors from the mainland had been the lifeblood that had sustained the eye-popping prices of Hong Kong’s property industry in the past decade, from multimillion dollar mansions to some of the world’s most expensive offices in marquee addresses in Central.

The Mount Nicholson project at The Peak on Hong Kong Island on June 26, 2019, where 58 per cent of the 15 mansions and 38 luxury apartments are owned by mainland Chinese buyers. Photo: Martin Chan
Hong Kong property

Parking spot fetches US$1.3 million at Hong Kong’s Mount Nicholson

A car parking bay at the exclusive Mount Nicholson development on The Peak fetched over HK$10 million (US$1.3 million), smashing a world record set in 2019.

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Bitcoin

Fintech chief buys US$7.2 million Happy Valley flat as bitcoin soars

Hugh Douglas Madden, CEO of BC Tech Group, bought a 1,953 sq ft flat on the fourth floor of Winfield Building in Happy Valley.

Hong Kong property

Hong Kong buyers snap up flats as stock market boom lifts mood

The strong sales at the two locations marked the return of Hong Kong’s property bull market, as investors and owner-occupiers alike took advantage of discounted prices and cheap mortgages to pick up assets, confident that the coronavirus pandemic may soon come under control.

Buyers lining up for Skypoint Royale’s flat at the developer’s sales office at The Mira Hotel in Tsim Sha Tsui on February 6, 2021. Photo: Winson Wong
Hong Kong property

Hong Kong’s home buyers return in droves to seek shelter in assets

A second successful sales weekend this month is a boost for Hong Kong’s home market, which has been grappling to regain its footing amid a 6.1 per cent economic contraction in 2020.

Buyers lining up for Nan Fung's LP10 (Lohas Park 10) at the developer’s sales office at Harbourside in Kowloon Bay on January 30, 2021. Photo: Winson Wong
Wheelock Properties

Lukewarm response to Wheelock project sets tone for weekend sales

As many as 1,800 new homes could be sold in January, with buyers already snapping up 1,116 new flats in the first 28 days of the month.

Hong Kong property

Buyers snap up Lohas Park’s LP10 flats in spring boom for Nan Fung

The strong response at LP10, following last weekend’s sell-out launch at Kai Tak, is a shot in the arm for the real estate industry.

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Hong Kong property

Hong Kong withdraws Tung Chung site, rents cut at Kai Tak tower

In the first signs of a slowdown in Hong Kong’s office property market, the city withdrew this year’s largest commercial site from tender, while Nan Fung lowered the asking rent for an office tower under construction by up to 20 per cent.

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About 90 per cent of the Tung Chung project’s floor space was earmarked for office development, according to the government’s land sale document. Photo: Felix Wong
Medicine

Hong Kong developer Nan Fung launches biosimilar joint venture

Hong Kong-based property developer Nan Fung deepened its diversification into health care with the announcement on Friday of a joint venture that will produce and sell in mainland China biosimilar versions of medicines used to treat arthritis and cancers.

Hong Kong property

Hong Kong home builders ramp up sales as buyers cheer US-China ‘detente’

Buyers snapped up more than 700 new homes during weekend sales amid signs of an easing in Washington-Beijing tensions

The View

The View | Hong Kong’s new property tycoons face greater expectations

Victor Li, Adam Kwok and Adrian Cheng are among the inheritors of Hong Kong’s biggest property conglomerates, at a time when Hongkongers are demanding greater corporate social responsibility and better living solutions.

Among the new generation of property tycoons are Martin Lee Ka-shing (left) and his brother Peter Lee Ka-kit, seen with their father Lee Shau-kee, seated, at Henderson Land Development’s annual general meeting on May 28. Photo: Robert Ng
Hong Kong property

Hong Kong’s homebuyers are back in droves as rates stay flat

Across the city, 607 flats were offered for open sale by four developers in Lohas Park, To Kwan Wan, Yau Tong and West Kowloon. Thousands of people queued for the 294 properties on offer at New World’s Artisan Garden.

Up to 3,700 prospective buyers queuing up for the 294 flats of New World Development's Artisan Garden project on Saturday, 23 March 2019. Photo: SCMP / Dickson Lee
Hong Kong housing

Home sales flop as sentiments cool in Hong Kong’s property market

Hong Kong property

Thousands in last-minute rush before super typhoon... for property

Enthusiasm high in hot property market despite large storm and recent downbeat investment sentiment

Hong Kong property

Hong Kong buyers brave downpour to snap up Nan Fung’s LP6 flats

Nan Fung Development's LP6 project in Lohas Park attracted long queues of buyers at Octa Tower in Kowloon Bay, who braved a thunderstorm to snap up the units on offer on 8 September 2018. Photo: SCMP/Edward Wong.
Hong Kong property

Developers set prices low as Hong Kong’s property rally wobbles

Nan Fung’s LP6 (centre in green) residential project under development at Lohas Park in Tseung Kwan O. Photo: Roy Issa
Hong Kong property

Developers race to exploit Hong Kong vacancy tax loophole before it's closed

Living heritage of Hong Kong

Inside the Tsuen Wan cotton mills being turned into creative arts hub

Three former Hong Kong textile factories will reopen next year under the name The Mills and will feature an art gallery, a textile industry museum, a start-up incubator and shops, including established neighbourhood businesses

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Nan Fung
Nan Fung
The latest news, analysis and opinion on Nan Fung. In-depth analysis, industry insights and expert opinion.
Chairman / President
Antony Leung
CEO / Managing Director
Antony Leung
Industry
Real estate
Website
nanfung.com
Headquarters address
30/F, New World Tower, 16-18 Queen's Road Central, Hong Kong
Year founded
1954
last updated:
30 September, 2024
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