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Prices of new homes in 70 mainland cities declined 0.1 per cent month on month in March, the same as February, according to official data.
The first batch of 158 units in Sierra Sea, a megaproject of 9,700 homes near Sai Kung, is likely to sell out in one day, Midland Realty says.
Forfeitures of deposits declined to 83 cases in the first quarter, 20 per cent lower compared with the last quarter of 2024, according to Centaline.
A weaker yuan and a slowing economy could deter mainland homebuyers, but some analysts caution it is too early to draw conclusions.
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Patrick Kwok Ho-chuen’s QF Capital is selling a residential site on Hong Kong Island at 24 per cent below its acquisition cost.
Shao Xiaofeng and his wife Li Jian bought a four-bedroom, 3,314 sq ft detached house in Villa Rosa, Tai Tam.
Savills says Hong Kong residential landlords receive support from hedge funders and crypto workers as traditional sources remain sluggish.
Traditionally a Chinese spring ritual, the tomb-sweeping festival is said to have its roots in an emperor’s cruelty to a follower.
The transactions for the two units in Leon Court in Wan Chai were completed earlier this month for HK$85 million, government records show.
The market’s long-term recovery depends on interest rate trends, as homebuyers remain cautious amid the US-China trade war, experts say.
No event that might require disclosure was identified, Hutchison said, leaving the onus on shareholders to question the directors at its AGM on May 22.
Chan Hoi-wan and her sister lowered their asking price by 7 per cent to close the deal for the Hong Kong retail shops on March 18.
Lee gave away some of his US$29.2 billion fortune to fund education, provide housing and elderly care for the city’s underprivileged.
Rateable value is an estimate of the annual rental value of a property on the open market at a designated valuation reference date.
The entrepreneur built a business empire valued at more than HK$551 billion as of March 17, with interests in real estate, hotels, piped gas and a ferry operation.
Company is selling commercial properties in Admiralty, Tsim Sha Tsui and Causeway Bay, as well as luxury residential assets.
Net profit rose 2 per cent to HK$1.6 billion (US$206 million), while revenue increased 7.4 per cent to HK$21.3 billion.
Macau tycoon Stanley Ho’s family is selling a site in Tsim Sha Tsui, while actor Nicholas Tse’s shop in Central rented out at a big discount.
The company posted a 2024 loss of HK$3.22 billion and set aside HK$2.02 billion in impairment provisions.
The HKMA launched the first video in a new public awareness series titled ‘Click the Links, Fall for Scams!’ featuring a ‘despicable banana’.
Win Extra, the seller of Pokfulam Peak, was fined HK$26,000 (US$3,345) after pleading guilty to three charges.
Vanke Hong Kong, a local unit of China Vanke, says some lenders, including Bank of Communications and OCBC Hong Kong, will offer mortgages.
Bridgeway, managed by veteran investor Edwin Lee, sold the shop for HK$18.7 million (US$2.4 million) after acquiring it for HK$27.5 million.
China Vanke and Sun Hung Kai Properties will put more units on the market after the city recorded its best weekend in four months for new home sales.
Borrowers have asked to defer repayments amid declines in commercial property values and rents, according to Hang Seng Bank.
While net debt increased by less than 1 per cent, the group’s net gearing ratio worsened to 57.5 per cent in December from 55 per cent in June.
Some analysts express optimism that prices would bottom out in the first half of the year.
The current oversupply – expected to reach 3 million square feet (278,710 square metres) in the coming months – would take between seven and 10 years to digest.
Consortium plans to give the former trade and exhibition centre a new lease of life following its permanent closure in June.
