Property /

LUXE Homes

Luxury property prices in Shanghai are rising while prices of mass-market homes are falling. Photo: EPA-EFE
China property

Shanghai’s luxury property market thrives while mass housing segment deteriorates

More than 60 per cent of the 4,110 new homes in China priced above 30 million yuan were sold in Shanghai last year, according to CRIC data.

Hong Kong property

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

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International Property

Dubai developers escalate efforts to sell properties to rich Chinese

China property

Shanghai, Shenzhen luxury home sales soar after historic stimulus package

Wealthy buyers snap up homes in prime locations amid renewed optimism driven by relaxed purchase restrictions and lower mortgage rates.

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Luxury property sales rose in Shanghai following the launch of China’s stimulus package. Photo: Xinhua
Luxury property sales rose in Shanghai following the launch of China’s stimulus package. Photo: Xinhua
China property

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

Wealthy homebuyers see opportunity for flats that cost more than US$14,000 per square metre in prime downtown areas after recent market correction.

International Property

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

Growth in rentals on luxury residential properties cooled last quarter, as policymakers took steps to rein in inflation. Sustained demand, however, will keep the market bullish this year, Knight Frank says.

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Hong Kong property

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

Hong Kong’s luxury property segment is showing signs of a revival, with mainland buyers returning to the market. Analysts expect developers to ramp up supply amid increasing demand and lower rates ahead.

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

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

The seizure of the two properties on Black’s Link, The Peak, is another setback for the founder of China Evergrande, which faces a winding-up hearing in Hong Kong on December 4.

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Hong Kong property

Luxury home in landslide-hit Redhill Peninsula sells for half its 2017 price

A luxury home in the upscale district of Hong Kong where inspectors discovered dozens of suspected illegal structures in the wake of a recent landslide has sold for just over half what the owner paid for it six years ago, according to property agents.

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Hong Kong property

Hong Kong: crackdown on illegal structures set to cool demand for luxury homes

A crackdown on illegal structures in luxury homes is set to chill demand and prices in the market segment, analysts said. ‘Higher for longer’ borrowing costs are also at play, according to consultancy Knight Frank.

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Workers made emergency repairs to the slope at the Redhill Peninsula luxury estate in Tai Tam on September 16. Photo: Dickson Lee
Hong Kong property

Hong Kong luxury home market awaits return of affluent mainland Chinese buyers

The wait could take longer, according to analysts, as high borrowing costs and economic uncertainty continue to weigh on investors’ appetite for luxury flats in the city.

A bird’s-eye view of luxury flats and residential buildings along Mount Kellett Road at The Peak. Photo: SCMP
A bird’s-eye view of luxury flats and residential buildings along Mount Kellett Road at The Peak. Photo: SCMP
Hong Kong property

Chen Hongtian’s US$86 million Frank Gehry-designed Hong Kong flat put up for sale

The HK$680 million (US$86.72 million) flat in Opus Hong Kong in eastern Mid-Levels has been put up for sale by tender by the receivers, according to a statement by Savills, which said it had been appointed the sole agent for the deal.

International Property

Russians own US$10.7 billion of property in UK, says Aston Chase

New laws cracking down on ‘dirt money’ in response to Russia’s invasion of Ukraine will lead to a shift of wealth out of the UK capital, says the property agency.

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Hong Kong property

Who were the buyers of Hong Kong’s 5 priciest homes in 2021?

More record-breaking deals are expected in 2022, as developers tend to sell new luxury homes slowly to generate the highest price possible. Moreover, with the border with China expected to open in the new year, mainland buyers are expected to return to Hong Kong and drive up sales.

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Mount Nicholson clubhouse Photo: Wheelock
BN(O) passport

Rising UK interest rates won’t lead to price drop anticipated by Hongkongers

Any interest rate hike in the United Kingdom is unlikely to have a significant impact on home prices, offering a limited upside for Hongkongers who are looking to move to Britain under the BN(O) scheme and buy property there, according to analysts and agents.

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A property agent in Loughborough, UK. More than 474,000 homes were sold in the first half of the year in the UK, making it likely that they will surpass the about 818,000 homes sold in 2020. Photo: Bloomberg
A property agent in Loughborough, UK. More than 474,000 homes were sold in the first half of the year in the UK, making it likely that they will surpass the about 818,000 homes sold in 2020. Photo: Bloomberg
Asia housing and property

Singapore developer GuocoLand offers flats that double up as offices

As working from home goes mainstream amid the pandemic, a Singaporean developer has designed flats that enable owners to run an office from home.

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Hong Kong property

Hong Kong house prices fall by the most in nearly a year as buyers retreat

Lived-in homes prices fell 0.4 per cent in September, the most since October 2020, with market observers blaming the slump on weakening stock market sentiment.

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Hong Kong property

Lantau’s popularity grows among bankers, lawyers as pilots desert island

Rents in Lantau have fallen by 10 to 15 per cent since the first quarter of last year as airline industry employees left in droves amid the downturn.

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Pui O, on Lantau Island, was previously popular with airline employees for renting houses because of its proximity to the airport. Photo: Sam Tsang
Pui O, on Lantau Island, was previously popular with airline employees for renting houses because of its proximity to the airport. Photo: Sam Tsang
BN(O) passport

Hongkongers relocating to the UK are abandoning inner London homes

Hongkongers relocating to the UK are now buying property outside inner London, their preferred investment destination.

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Canada

Trudeau’s plan to stop foreigners buying Canadian homes may ‘create more panic’

Trudeau, who is seeking a third term as prime minister during next week’s federal election, pledged on the campaign trail to impose a two-year ban on foreigners from buying homes in Canada.

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Asia housing and property

Thai developers to auction flats online in attempt to overcome supply glut

Thai developers are trying to trim their inventory of unsold flats by auctioning them online next month. It may interest Hongkongers planning to emigrate or seeking cheaper retirement homes.

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Workers at an apartment project in Bangkok. An economic slump and protests against the military-led government have hurt developers who struggle to shake off a supply glut. Photo: AFP
Asia housing and property

Hong Kong expats among emigrant populations most likely to leave

Expats living in Hong Kong are among emigrants populations globally that are most likely to go back and buy property in their home countries, according to a survey conducted by property consultancy Knight Frank.

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Pedestrians at a footbridge in Central on 19 May 2020. Photo: Nora Tam
Pedestrians at a footbridge in Central on 19 May 2020. Photo: Nora Tam
Hong Kong property

Supply of luxury Hong Kong homes to hit new high after demand more than doubles

The supply for luxury homes in Hong Kong’s ultra-exclusive neighbourhood of The Peak is likely to hit its highest level since 2016, after demand spurred sales of mansions and high-end flats in the district by more than double in the 12-month period ending in June, according to Colliers.

International Property

Super-rich Australians help Sydney emerge as hottest luxury homes market

The absence of foreign homebuyers – including those from China – has not prevented Sydney from copping the crown of being the world’s top prime property market, according to Knight Frank.

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International Property

London homes of the rich and famous draw Hong Kong buyers

Astute investors from Hong Kong see them as a sound investment whose resale value is likely to be boosted by their celebrity associations, according to property agency Aston Chase.

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Pop superstar Rihanna has shared on social media her life in her London home in St. John’s Wood Park. Photo: SCMP Handout
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