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LUXE Homes
A view of the Shanghai skyline and Huangpu river in 2022. Photo: Reuters

Business

Exclusive | BlackRock sells last Shanghai asset at discount amid China retreat

The US firm is selling its last major asset in the city, Trinity Place, for 900 million yuan (US$124 million), according to sources.

Hong Kong’s home prices fall towards decade low on interest rate, tariff pain

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Hong Kong’s battered retail sector about to turn around: UBS, JLL

Business

Cantopop diva G.E.M. dives in for 2 Hong Kong flats as prices drop

The transactions for the two units in Leon Court in Wan Chai were completed earlier this month for HK$85 million, government records show.

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The singer G.E.M. has bought two 2,480 sq ft units in Leon Court in Wan Chai for a combined HK$85 million. Photo: Handout
The singer G.E.M. has bought two 2,480 sq ft units in Leon Court in Wan Chai for a combined HK$85 million. Photo: Handout

Business

Hong Kong may need 7 to 15 years to end city’s office glut, experts say

The city has 15 million sq ft of excess office space, more than all the current space in the main business district.

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Business

Hong Kong property demand sees some improvement after stamp duty cuts

The market’s long-term recovery depends on interest rate trends, as homebuyers remain cautious amid the US-China trade war, experts say.

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Markets

2 of Hong Kong’s biggest developers miss profit goals amid slump

‘The global economy is expected to remain challenging in 2025’, says CK Asset chairman Victor Li Tzar-kuoi.

CK Asset chairman Victor Li Tzar-kuoi. Photo: Handout
CK Asset chairman Victor Li Tzar-kuoi. Photo: Handout

Business

Chinese Estates CEO, sister sell retail shops for US$16.7 million amid market stress

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.

Business

Henderson’s smooth succession: a tale of 2 brothers and a US$91 billion empire

Tycoon ensured a lasting legacy after he handed over control of the group to his two sons Peter Lee and Martin Lee well ahead of time.

Business

Tributes pour in for Lee Shau-kee, Hong Kong’s ‘patriotic philanthropist’

Lee gave away some of his US$29.2 billion fortune to fund education, provide housing and elderly care for the city’s underprivileged.

Professor Zhou Qifeng, President of Peking University and Lee Shau-kee in 2011 visited the construction site of the Lee Shau Kee Humanities Buildings inside the Jingchun Garden which used to be an imperial garden in the Qing dynasty. Photo: Handout

Business

Stephen Chow, Andy Lau poised for windfalls as their property rents rise

Rateable value is an estimate of the annual rental value of a property on the open market at a designated valuation reference date.

Hong Kong entertainer Andy Lau. Photo: Sam Tsang
Hong Kong entertainer Andy Lau. Photo: Sam Tsang

China Business

Sunac China warns of US$3.6 billion loss as housing slump crimps sales

Wider losses in 2024 partly due to smaller one-off gain from onshore debt restructuring exercise compared with a year earlier.

Business

Lee Shau-kee, founder of Henderson Land, dies at age 97

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.

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China Business

China’s home prices drop for 21st straight month as property recovery remains elusive

In the sole positive metric in new official data, new-home prices in top-tier cities edged up by 0.1 per cent month on month in February.

A Chinese national flag flutters near residential buildings in Beijing on March 9, 2025. Photo: Reuters

Companies

Hong Kong property firm Gale Well trying to sell US$386 million in assets

Company is selling commercial properties in Admiralty, Tsim Sha Tsui and Causeway Bay, as well as luxury residential assets.

Gale Well Group vice-chairman and CEO Jacinto Tong Man-leung, pictured at his office in Wan Chai on February 25, 2025. Photo: Jonathan Wong
Gale Well Group vice-chairman and CEO Jacinto Tong Man-leung, pictured at his office in Wan Chai on February 25, 2025. Photo: Jonathan Wong

Banking & Finance

ICBC (Asia) backs Hong Kong developers with loan support as sector struggles

Local subsidiary of China’s largest bank has ‘zero’ non-performing loans from Hong Kong developers and plans to increase home mortgages.

Business

American demand for overseas property, residency surges under Trump

UK, Portugal and Australia see influx as investment migration becomes ‘essential insurance’ against uncertainty, consultant says.

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Spending

Why restaurants are replacing shops, changing Hong Kong’s retail landscape

The mix of tenants in malls and at street level is changing as restaurateurs pounce on slumping rents to expand, often taking the spaces left behind by retailers forced to leave during the pandemic.

illustratio by perry tse
illustratio by perry tse

Business

Magnate warns of tough times as Hang Lung kicks off results season

The comments by Chan showed how Hong Kong has been caught since 2019 by a series of turbulent events, including months of anti-government protests, US sanctions and a Covid-19 pandemic in its third year.

Business

Hong Kong, mainland cities worst performers in index tracking home rent growth

Upmarket home rents in Hong Kong and Shenzhen declined in the year’s first half, bucking the global trend of increases among 30 cities tracked by property consultancy Savills.

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Business

Hong Kong’s Peak Lookout restaurant has rent halved as Covid wipes out tourism

The owners of the iconic Hong Kong restaurant, previously a huge draw for tourists with its prime location, are now paying less than half the monthly HK$230,000 (US$29,300) they were forking out on a lease signed pre-pandemic.

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With its red, pitched roof, it has the appearance of an old English country cottage, with stone walls, arched windows and a visible chimney. Photo: Dickson Lee
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OPINION
Nicholas Spiro

The View | Why the future looks so promising for luxury property in Asia

Nicholas Spiro
Nicholas Spiro

The View | Asia’s commercial property market growing in diversity and complexity

Nicholas Spiro
Nicholas Spiro

The View | Why Asia property investors won’t stray from data centres and Japan playing

Nicholas Spiro
Dennis Lee

Opinion | When will Hong Kong stop building skyscraping boxes with bay windows?

Dennis Lee
Nicholas Spiro

The View | Why Hong Kong’s property blues don’t add up to a crisis yet

Nicholas Spiro
Nicholas Spiro

The View | How Southeast Asia’s property sector is insulated from Trump’s tariff war

Nicholas Spiro
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MULTIMEDIA
Video

How Alibaba.com is betting on AI to transform e-commerce

How Alibaba.com is betting on AI to transform e-commerce
11:13
Video

The small business concerns behind China’s ‘two sessions’

China’s ‘two sessions’: small businesses voice concerns as they face economic headwinds
03:22
Video

Hong Kong-listed SenseTime to spin off healthcare platform

SenseTime plans to spin off healthcare platform in effort to capitalise on advanced LLMs
01:32
Video

How Sands China is driving Macau 3.0

How Sands China is driving ‘Macau 3.0’ with NBA Legends, better infrastructure
02:33
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Hong Kong & China
Potential buyers queue up for China Vanke’s Le Mont residential project in Tai Po at its sales office in Cheung Sha Wan on Saturday. Photo: Nora Tam
Hong Kong property

China Vanke’s Hong Kong unit sees strong flat sales despite mortgage concerns

The embattled developer has sold 223 of the 228 flats on offer at its Le Mont residential project, according to agents.

Nicholas Tse, Stanley Ho’s family face falling property value amid market slump

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Wharf swings to 2024 loss as write-downs add to glut, sales slump

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China’s commercial properties unloved as foreign funds sell for fourth year

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People hang out at The Bund as the financial district of Pudong is seen in the background in Shanghai. Photo: Reuters

China’s push for home quality risks further developer stress: analysts

A man walks on a pedestrian bridge near residential buildings in Beijing on October 17, 2024. Photo: Reuters

Luxury Hong Kong project vendor fined for violating property sales rules

The Pokfulam Peak project comprises five luxury houses. Photo: Handout

Some Hong Kong banks refuse home loans for Vanke’s Le Mont project in Tai Po

China Vanke’s Le Mont project is coming up at 19 Ma Wo Road in Tai Po. Photo: Handout
International
A man jogs past new developments in Sydney. Photo: AFP
International Property

Chinese buyers are buying more expensive properties in Australia

In the financial year that ended in June, people from China were the largest foreign investors in Australian residential properties.

Audrey Hepburn lived here: Swiss villa on market for US$21 million

Tokyo’s prime office rents rise, but vacancy rates tell a different story

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Thai properties at risk as Chinese buyers spooked by safety, security woes

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Will higher school fees, new taxes turn Hongkongers away from UK properties?

LUXE Homes
View of residential buildings in Mid-Levels and The Peak, two sought after addresses in Hong Kong. Photo: Nora Tam
Hong Kong property

Outlook for Hong Kong’s high-end homes to brighten in 2025

Luxury property prices to rise as much as 5 per cent next year, with rents also set to increase by the same level, Ricacorp’s Derek Chan says.

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Dubai developers escalate efforts to sell properties to rich Chinese

Shanghai, Shenzhen luxury home sales soar after historic stimulus package

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China’s ultra-rich are snatching up luxury homes for a rainy day

Shanghai’s Xujiahui Commercial and shopping district pictured on September 5, 2020. Photo: Shutterstock

Rents on global luxury homes cool in first quarter as Singapore drags market

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Singapore raised taxes on property purchases to cool its red-hot market in April 2023. Photo: Bloomberg

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

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An aerial view of Kerry Properties’ Mont Verra luxury residential project in Beacon Hill. Photo: Handout

Creditor seizes 2 Hong Kong mansions linked to Evergrande’s Hui Ka-yan

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A creditor of China Evergrande has seized two luxury houses on The Peak in Hong Kong linked to the developer’s founder Hui Ka-yan. Photo: Handout