Property /
LUXE Homes
China Business
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.
4 Nov 2024 - 6:04PM
videocam
China’s ultra-rich are snatching up luxury homes for a rainy day
9 Sep 2024 - 8:30AM
Rents on global luxury homes cool in first quarter as Singapore drags market
28 May 2024 - 7:30AM
videocam
Business
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.
21 Jan 2024 - 3:51PM
videocam
An aerial view of Kerry Properties’ Mont Verra luxury residential project in Beacon Hill. Photo: Handout
Business
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.
22 Nov 2023 - 4:48PM
videocam
Business
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.
30 Sep 2023 - 10:00AM
videocam
5
Business
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.
24 Sep 2023 - 4:16PM
videocam
Business
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.
10 Sep 2023 - 12:00PM
A bird’s-eye view of luxury flats and residential buildings along Mount Kellett Road at The Peak. Photo: SCMP
Business
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.
9 May 2023 - 8:31PM
Business
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.
1 Mar 2022 - 3:08PM
videocam
Business
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.
31 Dec 2021 - 1:30PM
videocam
5
Business
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.
17 Nov 2021 - 8:01AM
videocam
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
Business
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.
10 Nov 2021 - 9:38AM
videocam
Business
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.
27 Oct 2021 - 11:12PM
videocam
13
Companies
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.
27 Oct 2021 - 11:05AM
videocam
12
Companies
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.
28 Oct 2021 - 10:57AM
videocam
169
Elise Kong and Ming Wong with their two sons in their new home in Chertsey, Surrey. Photo: Handout
Business
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.
22 Sep 2021 - 4:29PM
6
Business
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.
12 Sep 2021 - 3:17PM
videocam
7
Business
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.
26 Aug 2021 - 10:24AM
105
Business
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.
23 Aug 2021 - 9:22PM
Luxury apartments and residential buildings on The Peak. Photo: Roy Issa
Business
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.
24 Jul 2021 - 1:20PM
videocam
Business
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.
12 May 2021 - 12:41PM
videocam
Business
Growth in Shenzhen luxury home prices beats Hong Kong, London and New York
The soaring prices in Shenzhen have started to limit the options for affluent Chinese looking to upgrade their living space.
7 May 2021 - 11:42PM
TRENDING TOPICS
Hong Kong housing
Explainers
Property policies
China home prices
Chinese offshore investment
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
