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The New Territories site – the only residential plot offered in the previous quarter – has attracted bids from six developers.
Company says it faces headwinds in China and Hong Kong.
Owners registered 47,917 mortgages on various properties in 2024, the least since Centaline Property began tracking the data in 2000.
Echo Huang Shaomei, appointed in November as the second new CEO in two months, purchases 4-bedroom, 1,522 sq ft North Point home.
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Disposal involved four units at Park Haven development in Causeway Bay, which were sold by Physical owner Luk Ngai-keung.
Buyers from mainland China accounted for 11,638 transactions in 2024, an increase of 90 per cent from a year earlier.
Developer claims it has understanding with key creditors on deal to reduce debt by up to US$11.6 billion.
The planned project ‘is huge and it’ll be the largest Lan Kwai Fong we have,’ Zeman says.
The plan for the Tung Chung site has been revised to allow for 745 flats following an unsuccessful tender in 2023.
Investments are creating jobs, developing infrastructure and upping the emirate’s status as a global hub, says investment office director.
Low prices will persist as developers offload inventory, but the market will fail to woo investors, according to experts.
Transactions rose 17 per cent in 2024 despite a December decline of 28.3 per cent, according to government data.
New price list takes average price in the district to the lowest level since September 2016 for primary launches: Midland Realty data.
Property transactions totalled 67,662, valued at US$68.2 billion in 2024, according to Midland data.
Tycoons like Chen Zhuolin, Hui Ka-yan and the Ho Shung-pun family sold homes and offices at significant losses, reflecting the broader market slump.
Hong Kong-based Rosewood Hotel Group was among the pioneering hoteliers to recognise the growing significance of the Middle East.
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.
Founder Gordon Wu expects to retire in two years after redeveloping Nam Koo Terrace, also known as the Wan Chai Haunted House.
Stock price slumps further as debt issues threaten to spiral into a crisis of confidence.
China’s growing heft in innovative industries is driving partnerships with the UAE, HSBC’s country head says.
‘If you want growth, you have to be in this corridor from the near to the Far East,’ Gulf Capital CEO says at China-UAE summit during Abu Dhabi Finance Week.
New CEO Huang has to grapple with looming losses on costly projects in a market downturn.
One-off scheme increases loan-to-value ratio of mortgage loans to 80 per cent for those who bought unfinished properties from 2021 to 2023.
The watch maker is sprucing up its showroom in Hong Kong and opening more in Shanghai, Beijing and Taipei, CEO Ilaria Resta says.
Huang’s three-year contract will see her earn HK$984,880 a month; Ma has quit to pursue other personal commitments, NWD says.
‘We will continue seeing financially pressured owners offloading assets until interest rates come down substantially,’ analyst says.
Chen Zhuolin sold nine units in Hamburg Villa, valued at HK$213 million (US$27.3 million), for about HK$90 million.
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.
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.
District falls from third place but is the most expensive shopping destination in Asia-Pacific, according to Cushman & Wakefield.
