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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.
3 hours ago
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Hong Kong’s home prices fall towards decade low on interest rate, tariff pain
27 Mar 2025 - 3:51PM
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Hong Kong’s battered retail sector about to turn around: UBS, JLL
26 Mar 2025 - 10:35AM
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.
24 Mar 2025 - 10:34PM
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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
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.
24 Mar 2025 - 2:01PM
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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.
23 Mar 2025 - 11:30AM
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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.
24 Mar 2025 - 3:04PM
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.
19 Mar 2025 - 6:14PM
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.
19 Mar 2025 - 4:18PM
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.
19 Mar 2025 - 8:58AM
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.
19 Mar 2025 - 10:30AM
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.
17 Mar 2025 - 10:55PM
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.
18 Mar 2025 - 4:58PM
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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.
17 Mar 2025 - 2:04PM
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.
17 Mar 2025 - 10:30AM
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.
17 Mar 2025 - 9:22AM
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.
16 Mar 2025 - 9:30AM
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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.
9 Aug 2022 - 8:07AM
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.
28 Jul 2022 - 9:08PM
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.
3 Aug 2022 - 11:00AM
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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.
26 Jul 2022 - 8:36PM
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OPINION
FOLLOW
Nicholas Spiro
The View
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Why the future looks so promising for luxury property in Asia
24 Mar 2025 - 4:30PM
Nicholas Spiro
The View
|
Asia’s commercial property market growing in diversity and complexity
18 Mar 2025 - 9:30AM
Nicholas Spiro
The View
|
Why Asia property investors won’t stray from data centres and Japan playing
10 Mar 2025 - 5:48PM
Dennis Lee
Opinion
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When will Hong Kong stop building skyscraping boxes with bay windows?
1 Mar 2025 - 9:30AM
Nicholas Spiro
The View
|
Why Hong Kong’s property blues don’t add up to a crisis yet
17 Feb 2025 - 4:57PM
Nicholas Spiro
The View
|
How Southeast Asia’s property sector is insulated from Trump’s tariff war
10 Feb 2025 - 4:30PM
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MULTIMEDIA
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How Alibaba.com is betting on AI to transform e-commerce
11:13
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The small business concerns behind China’s ‘two sessions’
03:22
Video
Hong Kong-listed SenseTime to spin off healthcare platform
01:32
Video
How Sands China is driving Macau 3.0
02:33
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