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A view of the Shanghai skyline and Huangpu river in 2022. Photo: Reuters
China property

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.

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Hong Kong property

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

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Hong Kong property

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

Hong Kong property

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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Hong Kong landlords need to look for tenants outside the city’s traditional industries to fill their vacant offices, experts say. Photo: Eugene Lee
Hong Kong landlords need to look for tenants outside the city’s traditional industries to fill their vacant offices, experts say. Photo: Eugene Lee
Hong Kong property

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.

Hong Kong property

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.

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Hong Kong property

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.

(From left) Henderson Land chairman Lee Shau-kee (centre) with vice-chairmen Martin Lee Ka-shing (left) and Peter Lee Ka-kit at the annual general meeting on May 28, 2019. Photo: Sam Tsang
(From left) Henderson Land chairman Lee Shau-kee (centre) with vice-chairmen Martin Lee Ka-shing (left) and Peter Lee Ka-kit at the annual general meeting on May 28, 2019. Photo: Sam Tsang
Hong Kong property

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.

China property

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.

Henderson Land

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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Chairman Lee Shau-kee attends the Towngas 2010 Annual General Meeting. Photo: Jonathan Wong
China property

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

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.

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.

Hong Kong property

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

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.

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Mainland tourists are seen in Tsim Sha Tsui. Hong Kong’s retail sales fell 7.3 per cent last year. Photo: Yik Yeung-man
Hong Kong property

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

The company posted a 2024 loss of HK$3.22 billion and set aside HK$2.02 billion in impairment provisions.

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General view of Wharf Holdings’ Mount Nicholson at 8 Mount Nicholson at The Peak on 26 Jun 2019. Photo: Martin Chan
General view of Wharf Holdings’ Mount Nicholson at 8 Mount Nicholson at The Peak on 26 Jun 2019. Photo: Martin Chan
China property

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

Cumulative net selling from 2021 to 2024 amounted to US$11.2 billion, surpassing net buying in 2019 to 2020.

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China property

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

Beijing’s directives make sense as a greater portion of future housing demand will come from owners looking to upgrade, Fitch Ratings says.

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Hong Kong property

Luxury Hong Kong project vendor fined for violating property sales rules

Win Extra, the seller of Pokfulam Peak, was fined HK$26,000 (US$3,345) after pleading guilty to three charges.

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

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

Vanke Hong Kong, a local unit of China Vanke, says some lenders, including Bank of Communications and OCBC Hong Kong, will offer mortgages.

Hong Kong

Harbour City owner says earnings sink on weak retail, property market

Earnings took into account HK$5.66 billion (US$729.3 million) of deficit from a revaluation of investment properties.

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Hong Kong property

Hong Kong homebuyers deliver brisk weekend sales

Strong results for Sun Hung Kai Properties and Henderson Land show improving sentiment after a stamp-duty cut, agents say.

An artist’s impressiong of Eight Southpark, developed by Henderson Land. Photo: Handout
International Property

Hong Kong’s Chow Tai Fook, Far East Consortium bet on Brisbane casino resort

US$33 million deal with Star Australia plants flag in the Queensland capital, which is preparing to host the 2032 Olympics.

A view of Brisbane, Queensland, Australia, including the Queen’s Wharf Brisbane complex, on January 21, 2025. Photo: Shutterstock
A view of Brisbane, Queensland, Australia, including the Queen’s Wharf Brisbane complex, on January 21, 2025. Photo: Shutterstock
Hong Kong property

Hong Kong home sales poised for best month in a year, analysts say

Kerry Properties sold 59 of the 133 flats on sale at the Hava residential project in Yuen Long as of 9.20pm on Thursday evening.

Mainland China

Hong Kong still among world’s top wealth hubs, according to Knight Frank report

There were an estimated 42,715 high-net-worth individuals in Hong Kong last year, making up around 0.6 per cent of the city’s population.

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China property

Chinese developer Longfor’s bonds sink deeper into junk territory

Downgrade comes as developers continue to struggle with lacklustre buyer sentiment despite recent support measures.

Longfor Group’s contracted sales could decline a further 13 per cent this year, S&P Ratings said. Photo: Shutterstock
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