https://www-scmp-com.libproxy1.nus.edu.sg/rss/271290/feed Latest news and analysis about Hong Kong’s property industry, including sales, market outlook, policies, products and the performance of developers. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Tim Yuen Lingk,Cheryl Arcibal Tim Yuen Lingk,Cheryl Arcibal The Hong Kong government will release two parcels of land for sale – one for a residential development and another for a student hostel project – in the October to December quarter, as officials maintain a cautious stance towards housing supply even as the market rebounds. One residential site – an 8,015-square-metre (86,250-square-foot) parcel of land in Sha Tin – will be offered through tender in the third quarter of the 2026-2027 financial year, Development Secretary Bernadette Linn Hon-ho... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371042/hong-kong-plans-just-two-land-sales-next-quarter-despite-housing-rebound?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371042/hong-kong-plans-just-two-land-sales-next-quarter-despite-housing-rebound?utm_source=rss_feed Thu, 15 Oct 2026 12:14:35 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong has emerged as the third best city in the world for wealthy individuals seeking to make philanthropic contributions over the medium term, trailing New York and Seoul, according to a study by Altrata. The inaugural Giving Opportunity Index by the US-based group that tracks the world’s affluent population ranked 100 cities based on three criteria: wealth, donor affinity and philanthropic infrastructure. The study defined the “global wealthy” as individuals with a net worth of more than... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371004/hong-kong-ranks-third-globally-philanthropy-hub-behind-new-york-and-seoul-study-finds?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371004/hong-kong-ranks-third-globally-philanthropy-hub-behind-new-york-and-seoul-study-finds?utm_source=rss_feed Thu, 15 Oct 2026 09:00:30 +0000 Cheryl Arcibal Cheryl Arcibal A mild displacement of jobs across the Asia-Pacific region as companies expand their use of AI would trim five percentage points off growth in office space demand in the next few years, according to property consultancy CBRE. In a report released on Thursday it said 3.9 per cent of office jobs were vulnerable to artificial intelligence-driven displacement in developed markets in the region, including Hong Kong, Singapore, Japan, South Korea, Taiwan, Australia and New Zealand. However, only 1.7... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370934/ai-job-losses-set-rein-office-demand-developed-asia-pacific-economies-report?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370934/ai-job-losses-set-rein-office-demand-developed-asia-pacific-economies-report?utm_source=rss_feed Thu, 15 Oct 2026 06:00:11 +0000 Gloria Tso Gloria Tso Growing up in Hong Kong in a family of architects and interior designers, Emma Maclean was practically destined for a career in the field. Today her Sheung Wan-based studio – first started in 2018 as EM Bespoke before relaunching under the name Emma Maclean & Co in 2024 – creates spaces that reflect the remarkable contrasts that make this city eternally exciting for designers, where old and new, East and West, glistening skyscrapers and natural waters all somehow coexist in harmony. “I feel Hong... https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/lifestyle/design/article/3370885/meet-emma-maclean-designer-behind-manteigaria-and-luahs-interiors?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/lifestyle/design/article/3370885/meet-emma-maclean-designer-behind-manteigaria-and-luahs-interiors?utm_source=rss_feed Thu, 15 Oct 2026 00:00:19 +0000 Chris Tsang Chris Tsang Amid Hong Kong’s commercial property downturn, British conglomerate Jardine Matheson has sold a street shop in Causeway Bay for HK$80 million (US$10.2 million) after holding it for more than 50 years, accepting a price HK$10 million below its earlier valuation. The property, a ground-floor shop in H&S Building at 36 Leighton Road, with a gross floor area of about 11,727 square feet, was acquired by Uni Investment Development, according to Land Registry records. Jardine Matheson appointed an... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370889/how-jardine-mathesons-street-shop-sale-reflects-hong-kong-retail-propertys-struggles?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370889/how-jardine-mathesons-street-shop-sale-reflects-hong-kong-retail-propertys-struggles?utm_source=rss_feed Wed, 14 Oct 2026 23:00:06 +0000 Letters Letters Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at letters@scmp.com or filling in this Google form. Submissions should not exceed 400 words. Hong Kong has become a sought-after regional education hub, drawing mainland and foreign students to its universities. Rising international enrolment has intensified demand for student housing, with on-campus places insufficient and rents near university districts buoyant. Some... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/letters/article/3370715/mind-hong-kongs-dorm-boom-today-doesnt-become-tomorrows-oversupply?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/letters/article/3370715/mind-hong-kongs-dorm-boom-today-doesnt-become-tomorrows-oversupply?utm_source=rss_feed Wed, 14 Oct 2026 03:30:07 +0000 Peggy Ye Peggy Ye Henderson Land Development is banking on demand for premium offices to support its HK$63 billion (US$8.03 billion) Central Yards project, as tenants gravitate towards top-tier buildings even while much of Hong Kong’s office market remains weak. Jane Street’s decision last year to take about 70 per cent of the office space in the first phase of the project has helped draw interest from other potential tenants, according to Tom Andrews, director and head of leasing and operations at Central Site 3... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3370761/henderson-banks-tenant-fomo-fill-us8b-central-yards-project?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3370761/henderson-banks-tenant-fomo-fill-us8b-central-yards-project?utm_source=rss_feed Wed, 14 Oct 2026 00:00:20 +0000 Chris Tsang Chris Tsang The new Royal Garden Kowloon East hotel has undergone far more than an extensive renovation; it has been completely overhauled to become an “urban resort” in the heart of Tseung Kwan O, according to the hotel’s owner. Developer Sun Hung Kai Properties (SHKP) had transformed the former Crowne Plaza “from a traditional business hotel into a brand-new urban resort experience” to cater to a new generation of tourists in Hong Kong, the firm’s chairman said at the hotel’s opening ceremony on... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3370747/shkp-reopens-former-crowne-plaza-hotel-luxury-urban-resort-tseung-kwan-o?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3370747/shkp-reopens-former-crowne-plaza-hotel-luxury-urban-resort-tseung-kwan-o?utm_source=rss_feed Tue, 13 Oct 2026 10:13:35 +0000 Chris Tsang Chris Tsang King Fook Jewellery Group’s decision to lease a 550 square metre (about 5,920 square feet) retail space at Pacific Place Phase II in Admiralty signals confidence in Hong Kong’s retail market, despite slowing demand for luxury goods, analysts said. The six-year lease for the shop in Hong Kong’s prime business district carries total base rent of about HK$268.5 million (US$34.2 million), or about HK$3.73 million a month, according to a company announcement filed with Hong Kong Exchanges and... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370654/king-fook-expands-us34-million-admiralty-lease-despite-slow-luxury-sales-analysts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370654/king-fook-expands-us34-million-admiralty-lease-despite-slow-luxury-sales-analysts?utm_source=rss_feed Tue, 13 Oct 2026 04:00:09 +0000 Peggy Ye Peggy Ye Beijing-based jeweller Laopu Gold has leased an entire mid-floor at One Exchange Square in Central to support its global expansion, according to two sources familiar with the matter. The brand was taking around 13,000 square feet at the flagship Central tower, which houses Hong Kong Exchanges and Clearing (HKEX), one source said. The deal comes as mainland consumer firms and financial institutions increasingly anchor their presence in Hong Kong’s core business district. Recent transactions on... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370495/laopu-gold-deepens-hong-kong-footprint-entire-floor-lease-central-tower-sources?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370495/laopu-gold-deepens-hong-kong-footprint-entire-floor-lease-central-tower-sources?utm_source=rss_feed Sun, 11 Oct 2026 23:00:11 +0000 Chris Tsang Chris Tsang A clear divide has opened up in Hong Kong’s property market in recent months: sales of new-build homes have surged, but the recovery in the secondary market has remained far more modest. The contrast between the two segments is not a coincidence – and is likely to persist for some time, according to analysts. The trend is largely being driven by developers slashing prices on new-builds to clear their inventories ahead of expected interest rate rises in the coming months. This is making new homes... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3370332/new-vs-old-why-new-builds-are-far-outselling-used-homes-hong-kong?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3370332/new-vs-old-why-new-builds-are-far-outselling-used-homes-hong-kong?utm_source=rss_feed Sun, 11 Oct 2026 04:00:17 +0000 Peggy Ye Peggy Ye Developer K&K Property has announced plans to offer a six-year structural warranty to homeowners at its luxury One Stanley development, as the company seeks to move on from a growing furore over alleged construction defects at the complex. “As the developer of the One Stanley development project, we attach great importance to the recent public attention surrounding one of the detached houses in the project,” the company said in a statement released late on Friday. One Stanley, a collection of... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370397/kk-offers-extra-warranty-one-stanley-homebuyers-amid-building-defects-furore?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370397/kk-offers-extra-warranty-one-stanley-homebuyers-amid-building-defects-furore?utm_source=rss_feed Fri, 09 Oct 2026 13:50:15 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong-headquartered DFI Retail Group, which owns and operates the city’s largest supermarket network, says it will continue to invest in new stores even though consumers remain cautious. Darren Chan, the group’s managing director for food in Hong Kong and Macau, said DFI – whose supermarket chains include Wellcome and Market Place in Hong Kong – was also “looking for opportunities to strengthen” its network where there was “clear customer demand and attractive long-term returns”. “We invest... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370322/dfi-retail-group-says-it-will-continue-invest-hong-kong-supermarkets?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370322/dfi-retail-group-says-it-will-continue-invest-hong-kong-supermarkets?utm_source=rss_feed Fri, 09 Oct 2026 09:00:10 +0000 Kristen Cheung Kristen Cheung Lawmakers and engineering sector leaders have called for a review of Hong Kong’s building inspection mechanism and a blacklist to bar errant contractors from government tenders, after a developer said half of the city’s first privately built “starter homes” project will be demolished due to shoddy steel work. The government should review the inspection regime and increase its supervisory manpower, lawmakers and engineers said on Friday, calling for inspectors to be stationed at construction... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370294/hong-kong-needs-tougher-inspection-regime-experts-say-after-ck-asset-building-fiasco?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370294/hong-kong-needs-tougher-inspection-regime-experts-say-after-ck-asset-building-fiasco?utm_source=rss_feed Fri, 09 Oct 2026 06:01:43 +0000 Edith Lin Edith Lin Three of the six residential buildings at CK Asset’s “starter homes” project in Hong Kong will be demolished and rebuilt in what the developer called the most “time-saving” solution, two years after a scandal over substandard steel reinforcement work halted construction. The Buildings Department said on Thursday that it had approved demolition plans for three blocks at the Anderson Road development in Kwun Tong, while remedial work was under way at the other three. Earlier investigations found... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3370223/ck-asset-opts-rebuild-3-blocks-starter-homes-project-after-steelwork-scandal?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3370223/ck-asset-opts-rebuild-3-blocks-starter-homes-project-after-steelwork-scandal?utm_source=rss_feed Thu, 08 Oct 2026 13:50:08 +0000 Chris Tsang Chris Tsang Several retail properties sold recently by prominent Hong Kong investors have been offloaded at a loss – a trend analysts attributed to banks maintaining a tough stance on debt collection. Stanley Poon Chi-ming, managing director at Centaline Commercial, said retail property prices had fallen by 30 to 70 per cent from their 2018 peaks. That meant any sales in the current market – especially of properties bought around a decade ago – would essentially result in a loss. “Many retail property... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370125/retail-properties-offloaded-losses-weak-market-revaluations-spark-bank-concerns?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370125/retail-properties-offloaded-losses-weak-market-revaluations-spark-bank-concerns?utm_source=rss_feed Thu, 08 Oct 2026 11:00:09 +0000 Peggy Ye Peggy Ye The furore over alleged construction defects at luxury development One Stanley threatens to cast a shadow over Hong Kong’s recovering super-prime property market, as banks hold off on mortgages and property agents suspend viewings at the complex while an investigation continues. “Most [banks] are adopting a wait-and-see approach,” said Eric Tso Tak-ming, chief vice-president at mReferral Mortgage Brokerage Services, adding that lenders were likely to take a more cautious approach to mortgage... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370086/hong-kong-banks-grow-cautious-one-stanley-mortgages-amid-investigation?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370086/hong-kong-banks-grow-cautious-one-stanley-mortgages-amid-investigation?utm_source=rss_feed Wed, 07 Oct 2026 23:00:11 +0000 Vivian Au,Edith Lin Vivian Au,Edith Lin Two dozen luxury houses at One Stanley have been sold since Hong Kong authorities launched an investigation into alleged structural defects in March, with buyers including local and international businesspeople. The transactions have prompted experts to call for stronger homebuyer protections, including implementing a mandatory period for buyers to rescind contracts when statutory violations are discovered. The South China Morning Post learned that 24 transactions were recorded at One Stanley... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3370089/24-luxury-houses-one-stanley-sold-amid-probe-alleged-construction-defects?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3370089/24-luxury-houses-one-stanley-sold-amid-probe-alleged-construction-defects?utm_source=rss_feed Wed, 07 Oct 2026 14:45:38 +0000 Cheryl Arcibal Cheryl Arcibal Higher interest rates have weighed on property markets in both Hong Kong and New York, but Morgan Stanley sees greater upside potential in the Asian financial hub – particularly the office segment – in the months ahead, according to its latest report. The US investment bank highlighted the similarities between two of the world’s leading financial centres, pointing out that Hong Kong’s monetary policy moved in lockstep with the US Federal Reserve, while both cities faced limited land supply,... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370022/why-morgan-stanley-sees-more-upside-hong-kong-offices-new-york-towers?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370022/why-morgan-stanley-sees-more-upside-hong-kong-offices-new-york-towers?utm_source=rss_feed Wed, 07 Oct 2026 09:00:12 +0000 Tim Yuen Lingk Tim Yuen Lingk Amid various macro uncertainties, interest in private credit declined sharply to 48 per cent from 71 – among alternative investments – while interest in real estate jumped to 52 from 39 per cent, according to the 2026 Asia Advisor Survey released today by financial technology company iCapital. This marks a sharp decline for private credit, which was the leading area of interest among Asian advisers in 2025. In addition to real estate, advisers are also turning to other real assets, with interest... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/investment-products/article/3370002/asian-investors-turn-housing-real-assets-global-tension-shakes-market-confidence?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/money/investment-products/article/3370002/asian-investors-turn-housing-real-assets-global-tension-shakes-market-confidence?utm_source=rss_feed Wed, 07 Oct 2026 07:00:07 +0000 Cheryl Arcibal Cheryl Arcibal Japanese, South Korean and Thai brands have increased their share of new entrants in Hong Kong’s retail property market by 7 percentage points to more than one-third in the first nine months of 2026, while the demand for shops from mainland Chinese brands has slipped, according to Cushman & Wakefield. A slew of new brands helped lift the combined share of Japanese, South Korean and Thai brands to a three-year high, according to Cushman, which said it expected the trend to continue. This year,... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369937/hong-kongs-first-store-appeal-grows-more-japanese-south-korean-and-thai-brands-arrive?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369937/hong-kongs-first-store-appeal-grows-more-japanese-south-korean-and-thai-brands-arrive?utm_source=rss_feed Tue, 06 Oct 2026 23:00:08 +0000 Peggy Ye Peggy Ye Kerry Properties has won a land plot in Ho Man Tin for HK$4.31 billion (US$549 million), the highest price paid for a residential site in Kowloon in nearly five years, as developers show confidence in demand for luxury homes. The site on Fat Kwong Street sold at HK$20,738 per square foot of gross floor area, the highest land premium for a residential site in recent years, according to Vincent Cheung, managing director of valuation firm Vincorn Consulting and Appraisal. The last time a Kowloon... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369948/hong-kong-land-sale-stuns-market-hk43b-bid-hits-5-year-kowloon-high?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369948/hong-kong-land-sale-stuns-market-hk43b-bid-hits-5-year-kowloon-high?utm_source=rss_feed Tue, 06 Oct 2026 13:13:03 +0000 Edith Lin,Vivian Au Edith Lin,Vivian Au Hong Kong’s building authorities should consider inspecting the remaining properties in a luxury residential development and tightening work process documentation after one house was found to have used insufficient steel bars during construction, experts have said. Their suggestions followed the Buildings Department revealing at the weekend that it had launched an investigation into work quality issues at One Stanley in Stanley, one of the most expensive neighbourhoods in Southern district, and... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3369835/experts-urge-wider-one-stanley-checks-tighter-paperwork-after-steel-bar-shortfall?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3369835/experts-urge-wider-one-stanley-checks-tighter-paperwork-after-steel-bar-shortfall?utm_source=rss_feed Tue, 06 Oct 2026 00:34:38 +0000 Chris Tsang Chris Tsang Amid concerns over rising interest rates and a weak retail property market, a long-time investor has sold a portfolio of prime street shops in Tsim Sha Tsui – held for more than four decades – and locked in a profit of nearly HK$237 million (US$30.2 million) despite accepting a deal more than 40 per cent below his original asking price. The portfolio of retail shops in Cheung Lee Commercial Building and the podium of Wing Lee Building, both on Kimberley Road, changed hands for HK$256.8 million,... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369811/how-one-hong-kong-property-investor-still-made-us30-million-after-40-price-cut?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369811/how-one-hong-kong-property-investor-still-made-us30-million-after-40-price-cut?utm_source=rss_feed Mon, 05 Oct 2026 23:00:09 +0000 Edith Lin Edith Lin The owners of 14 subsidised sale flats have applied for a grace period to comply with Hong Kong’s new regulatory regime for subdivided homes, the housing minister has revealed, raising concerns that public resources were being abused. The cases were disclosed on Monday at a Legislative Council housing panel meeting when lawmaker Mark Chong Ho-fung asked Secretary for Housing Winnie Ho Wing-yin about the use of subsidised sale flats as subdivided units for renting. Chong said flats sold under the... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3369830/bid-turn-14-subsidised-sale-flats-subdivided-homes-raises-abuse-concerns?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3369830/bid-turn-14-subsidised-sale-flats-subdivided-homes-raises-abuse-concerns?utm_source=rss_feed Mon, 05 Oct 2026 15:08:29 +0000 Peggy Ye Peggy Ye Adrian Cheng Chi-kong, former heir apparent to Hong Kong’s New World Development (NWD), is expanding his K11 cultural retail business in mainland China, launching a venture of his own as his family’s property group grapples with heavy debt. Xiamen K11 Select, developed by Cheng’s K11 by AC Group along with state-owned Xiamen Rail Transit Group in the city in the southeastern province of Fujian, has attracted more than 2 million visits since its opening on September 22, with sales rising 32 per... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369814/adrian-cheng-former-scion-hong-kongs-nwd-expands-k11-brand-xiamen?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369814/adrian-cheng-former-scion-hong-kongs-nwd-expands-k11-brand-xiamen?utm_source=rss_feed Mon, 05 Oct 2026 11:08:10 +0000 Zoe SL Chan Zoe SL Chan Private equity firms are moving to plug a commercial real estate funding gap as traditional banks pull back, with one fund filing to launch Hong Kong’s first listed property debt vehicle. Gaw Capital, a Hong Kong-based real estate private equity fund which managed US$35.6 billion in assets as of late 2025, filed to list its Gaw Capital Real Estate Private Debt OFC on Friday, seeking to become the first property-focused private debt fund on the Hong Kong stock exchange’s main board. The fund has... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369764/hong-kong-poised-first-listed-property-debt-fund-banks-pull-back?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369764/hong-kong-poised-first-listed-property-debt-fund-banks-pull-back?utm_source=rss_feed Mon, 05 Oct 2026 06:03:24 +0000 Cheryl Arcibal Cheryl Arcibal DFI Retail, the food and beverage unit of Hong Kong-headquartered conglomerate Jardine Matheson, is looking to sell its mall at The Peak, one of the city’s wealthiest neighbourhoods. The entire commercial portion of the Dairy Farm Guildford Road Shopping Centre will be sold via a public tender closing at noon on November 19, according to sole agent CBRE. The property is near The Peak campus of the German Swiss International School. The mall consists of a two-storey retail podium with a gross... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369744/wellcome-operator-dfi-retail-seeks-buyer-fully-leased-shopping-centre-peak?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369744/wellcome-operator-dfi-retail-seeks-buyer-fully-leased-shopping-centre-peak?utm_source=rss_feed Mon, 05 Oct 2026 04:30:06 +0000 Edith Lin Edith Lin Housewife May and her three children were overjoyed last September when they moved into a 200 sq ft subdivided flat in Kwai Tsing, a Hong Kong district with one of the city’s lowest average monthly household incomes. For years, the 50-year-old single parent had lived in a squatter hut with her son and two daughters, where they had to climb hundreds of stairs daily. They later moved into a 100 sq ft subdivided flat before securing their current place. Located on the 15th floor of a lift-equipped... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3369726/hong-kongs-drive-eliminate-substandard-housing-doing-more-harm-good?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3369726/hong-kongs-drive-eliminate-substandard-housing-doing-more-harm-good?utm_source=rss_feed Mon, 05 Oct 2026 02:00:28 +0000 Chris Tsang Chris Tsang Despite signs that Hong Kong property prices could have bottomed out and begun rebounding in August, market sources said at least 100 secondary residential homes were sold at a loss in September, up from at least 81 the previous month. Hong Kong’s property market dodged an immediate setback from the US Federal Reserve’s rate increase in September, and agents estimated that home prices could end the year 15 per cent higher than a year earlier. The positive trend, however, did not generally apply... https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3369600/more-hong-kong-homes-sell-loss-despite-signs-prices-have-bottomed-agents?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3369600/more-hong-kong-homes-sell-loss-despite-signs-prices-have-bottomed-agents?utm_source=rss_feed Sun, 04 Oct 2026 08:00:10 +0000 Peggy Ye Peggy Ye As “long-dormant old money” steps back into Hong Kong’s retail property market, McDonald’s has sold the property housing its first New Territories restaurant for HK$120 million (US$15.3 million), extending its year-long sell-down of self-owned shops. The property at 10-22 Tsuen Wan Market Street, spanning the ground floor to the second floor, was sold to Keen Charm Holdings (HK) Limited, with the agreement for sale signed on August 31, according to the Land Registry. Company Registry listed Ngan... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369587/mcdonalds-sells-hong-kong-shop-us153-million-old-money-returns-retail?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369587/mcdonalds-sells-hong-kong-shop-us153-million-old-money-returns-retail?utm_source=rss_feed Fri, 02 Oct 2026 12:00:19 +0000 Peggy Ye Peggy Ye The sole residential site included in the Hong Kong government’s latest land sale programme has attracted interest from a host of major developers, with 10 tenders being submitted before a noon deadline on Friday. Chinachem Group, Wheelock Properties, Kerry Properties and Sun Hung Kai Properties all confirmed to the South China Morning Post that they had submitted individual bids for the site on Fat Kwong Street in Ho Man Tin, Kowloon, while Sino Land issued a joint tender with Great Eagle... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369572/developers-vie-land-plum-hk2-billion-residential-site-ho-man-tin?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369572/developers-vie-land-plum-hk2-billion-residential-site-ho-man-tin?utm_source=rss_feed Fri, 02 Oct 2026 09:16:50 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong ranked seventh globally as a destination for attracting and retaining the next generation of high-net-worth individuals (HNWIs), trailing traditional rival Singapore in sixth place, according to a Savills study. The two top finance hubs in the Asia-Pacific region have been stepping up efforts to strengthen their positions as regional wealth-management hubs amid an unprecedented global transfer of wealth between generations. “Hong Kong offers many incentives similar to Singapore,”... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369536/hong-kong-ranks-7th-globally-drawing-next-wealthy-class-trailing-singapore-study?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369536/hong-kong-ranks-7th-globally-drawing-next-wealthy-class-trailing-singapore-study?utm_source=rss_feed Fri, 02 Oct 2026 07:01:09 +0000 Cheryl Arcibal Cheryl Arcibal As education sector demand supports Hong Kong’s Grade A office leasing activity, analysts said infrastructure that will serve the Northern Metropolis could decide whether schools and universities move their administrative and other services to this potential new centre of the city. “Over the medium to long term, the Northern Metropolis could be a viable option for institutions seeking to expand their teaching, research and administrative facilities,” said Kelvin Lee, director at property agency... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369267/could-northern-metropolis-draw-educational-leasing-hong-kongs-grade-office-sector?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369267/could-northern-metropolis-draw-educational-leasing-hong-kongs-grade-office-sector?utm_source=rss_feed Fri, 02 Oct 2026 00:00:13 +0000 SCMP Editorial SCMP Editorial The government has finally decided not to appeal a court ruling revoking environmental approval of a controversial proposed housing development at the Hong Kong Golf Club. This casts serious doubt on plans to build 12,000 public flats on 9.5 hectares out of 32 hectares of land resumed from the Old Course at the club in Fanling. The future use of the land is now uncertain. It remains to be seen what course the government will adopt, including how it will remedy a flawed consultation process. Some... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/comment/article/3369298/hong-kong-must-balance-boosting-public-housing-supply-other-goals?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/comment/article/3369298/hong-kong-must-balance-boosting-public-housing-supply-other-goals?utm_source=rss_feed Wed, 30 Sep 2026 23:15:10 +0000 Peggy Ye,Chris Tsang Peggy Ye,Chris Tsang New World Development (NWD) reported a net loss of HK$26.8 billion (US$3.42 billion) for the year ended June, as the developer booked HK$18.3 billion in impairments and provisions tied to the early termination of its flagship 11 Skies mall project. Echo Huang, the firm’s chief executive, said at a Wednesday earnings briefing that the group had “met its targets over the past 18 months”, including focusing on its property business, improving cash flow and enhancing operating efficiency. NWD will... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369377/new-world-development-posts-hk268b-loss-after-11-skies-termination?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369377/new-world-development-posts-hk268b-loss-after-11-skies-termination?utm_source=rss_feed Wed, 30 Sep 2026 14:46:27 +0000 Peggy Ye Peggy Ye Hong Kong looks set to be hit by a wave of interest rate rises in the coming months, but the city’s property market is unlikely to suffer the same level of damage seen during the last rate cycle in 2022 and 2023, according to analysts. Though major Hong Kong banks have so far held rates steady despite the US Federal Reserve raising its benchmark rate earlier this month, they are widely expected to increase them if the Fed follows through with further tightening later this year. The combination... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3369265/looming-interest-rate-rises-will-not-hit-hong-kong-hard-2022-analysts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3369265/looming-interest-rate-rises-will-not-hit-hong-kong-hard-2022-analysts?utm_source=rss_feed Wed, 30 Sep 2026 02:02:57 +0000 Themis Qi Themis Qi The developer of The Vertex – a residential project in Cheung Sha Wan once owned by failed property giant China Evergrande Group – has been fined HK$770,000 (US$98,100) for failing to properly record transactions related to the complex. Twin City Holdings Limited was found to have violated a residential properties ordinance by failing to disclose details of payment terms – such as price discounts and other financial incentives – on sales at the development, according to a government statement... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369241/vertex-developer-hit-hk770000-fine-over-disclosure-failures?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369241/vertex-developer-hit-hk770000-fine-over-disclosure-failures?utm_source=rss_feed Tue, 29 Sep 2026 14:12:33 +0000 Chris Tsang Chris Tsang As the shadow of possible interest rate increases darkens Hong Kong’s property market outlook, well-known people including model-actress Eunis Chan Ka-yung and billionaire Angela Leong On-kei have recently decided the time was right to sell luxury properties, according to market sources. Chan sold a two-bedroom Mid-Levels flat for HK$32.25 million (US$4.1 million), making a profit of about 130 per cent, while Leong, a businesswoman and Macau legislator who was the fourth wife of the late casino... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369169/eunis-chan-angela-leong-sell-luxury-hong-kong-properties-rate-increases-loom?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369169/eunis-chan-angela-leong-sell-luxury-hong-kong-properties-rate-increases-loom?utm_source=rss_feed Tue, 29 Sep 2026 10:00:13 +0000 Chris Tsang Chris Tsang Hong Kong’s Town Planning Board has rejected an application from a consortium of developers to rezone a commercial project in Kowloon for development as residential flats, leaving sellers struggling with high vacancy rates, according to analysts. A consortium formed by CSI Properties, Asia Standard International, and Chongqing-born property tycoon Cheung Chung-kiu applied to the Town Planning Board to redevelop “Harbourside HQ” – a grade A office building at 8 Lam Chak Street, Kowloon Bay, which... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369122/plan-turn-hong-kong-office-block-flats-rejected-amid-high-commercial-vacancy-rates?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369122/plan-turn-hong-kong-office-block-flats-rejected-amid-high-commercial-vacancy-rates?utm_source=rss_feed Tue, 29 Sep 2026 00:01:06 +0000 Cheryl Arcibal Cheryl Arcibal More than a third of Hong Kong’s office tenants are expecting to increase headcounts over the next 12 months, but only a fifth are likely to expand their real estate footprint, according to a survey by Colliers. The results of the fourth annual Hong Kong occupier survey by the property consultancy pointed to a “growing disconnect between hiring intentions and office expansion plans, as many occupiers continue to absorb growth within their existing premises through more efficient space... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369081/hong-kong-office-expansion-lags-hiring-push-tenants-optimise-current-space-colliers?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369081/hong-kong-office-expansion-lags-hiring-push-tenants-optimise-current-space-colliers?utm_source=rss_feed Mon, 28 Sep 2026 11:32:30 +0000 Nicholas Spiro Nicholas Spiro Every other year, JLL and LaSalle publish the results of their Global Real Estate Transparency Index. The index is a benchmark of market transparency that assesses the legal and regulatory environment, availability of data and operating conditions across 88 countries and 146 city markets. One of the key findings of the latest edition was that the most transparent markets – which include the United Kingdom, Australia and Japan – experienced the strongest growth in investment in commercial... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/asia-opinion/article/3369027/why-hong-kong-and-mainland-china-must-not-ignore-property-market-transparency?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/asia-opinion/article/3369027/why-hong-kong-and-mainland-china-must-not-ignore-property-market-transparency?utm_source=rss_feed Mon, 28 Sep 2026 08:30:14 +0000 Ken Ip Ken Ip When Hong Kong’s first chief executive, Tung Chee-hwa, announced his housing plan in 1997, the ambition was extraordinary. The government would produce at least 85,000 flats a year across the public and private sectors, and raise the home ownership rate to 70 per cent. The idea was simple. Build more homes, make housing more affordable and allow more families to own a piece of Hong Kong. Then history intervened. The Asian financial crisis struck. Property prices collapsed. The economy weakened.... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/hong-kong-opinion/article/3368422/how-hong-kong-trying-new-solution-its-land-value-problem?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/hong-kong-opinion/article/3368422/how-hong-kong-trying-new-solution-its-land-value-problem?utm_source=rss_feed Mon, 28 Sep 2026 01:30:09 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong developers have already sold all of the more than 290 new flats they launched over the weekend, as buyers look to lock in mortgages ahead of an anticipated rise in interest rates later this year, according to property agents. The decision by the city’s major banks to hold rates steady despite the US Federal Reserve’s recent rate increase appeared to have given buyers a push, with many expecting local rates to rise in the coming months, said Derek Chan Hoi-chiu, head of research at... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368954/buyers-snap-new-hong-kong-flats-ahead-likely-interest-rate-rises?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368954/buyers-snap-new-hong-kong-flats-ahead-likely-interest-rate-rises?utm_source=rss_feed Sun, 27 Sep 2026 10:56:37 +0000 Daniel Ren Daniel Ren International investors who have seen early signs of recovery in mainland China’s office and retail property markets are expected to start buying when oversupply concerns are eased, according to global real estate firm JLL. Stuart Crow, JLL’s CEO for capital markets in the Asia-Pacific region, said foreign institutions would fall back in love with mainland property assets when new supply was absorbed by fresh take-up. “International investors are waiting for the real economy to really absorb... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368806/global-property-investors-see-signs-recovery-china-wary-oversupply-jll?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368806/global-property-investors-see-signs-recovery-china-wary-oversupply-jll?utm_source=rss_feed Sun, 27 Sep 2026 08:00:12 +0000 Cheryl Arcibal Cheryl Arcibal Property markets in the Asia-Pacific region are likely to remain attractive despite heightened uncertainty over monetary policy after the US Federal Reserve delivered its first interest rate increase in more than three years this month, analysts say, with several asset classes and sectors expected to draw investor interest. “We’ve seen volumes, specifically cross-border volumes in the region, increase by around 30 per cent to date,” said Emily Fell, senior director for living sectors in... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368796/how-asia-pacific-property-markets-are-drawing-fresh-capital-despite-us-rate-uncertainty?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368796/how-asia-pacific-property-markets-are-drawing-fresh-capital-despite-us-rate-uncertainty?utm_source=rss_feed Sun, 27 Sep 2026 03:00:16 +0000 Cheryl Arcibal Cheryl Arcibal Investor appetite for hotel assets increased in Hong Kong and the wider Asia-Pacific region in the first half of the year as consumers showed growing eagerness to travel and constrained supply supported property values, according to CBRE. The region netted US$8 billion of investment in the period, up 21 per cent from a year earlier, with Japan, mainland China and South Korea attracting the most activity, the property consultancy said in a report on Thursday. “Hotels have become one of the most... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368759/asia-pacific-hotels-most-compelling-investment-amid-travel-growth-flat-supply-cbre?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368759/asia-pacific-hotels-most-compelling-investment-amid-travel-growth-flat-supply-cbre?utm_source=rss_feed Fri, 25 Sep 2026 08:00:16 +0000 Peggy Ye Peggy Ye Hong Kong has significantly narrowed Dubai’s lead as the world’s top market for “super-prime” residential property in recent months, as rising conflict weighs on activity in the Middle East market, according to Knight Frank. Dubai retained first place for deals involving homes sold for US$10 million or more in the second quarter of the year, with 131 sales worth a combined US$2.17 billion, but the total value of those transactions fell 27 per cent compared with the previous quarter. Hong Kong,... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3368687/hong-kong-catching-dubai-super-prime-property-sales-amid-iran-war?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3368687/hong-kong-catching-dubai-super-prime-property-sales-amid-iran-war?utm_source=rss_feed Fri, 25 Sep 2026 01:00:22 +0000 Chris Tsang Chris Tsang With office vacancy rates in Kowloon East remaining high, the Planning Department has indicated it has “no objection” to a request by some developers for a commercial project in the area to be rezoned for residential development. A consortium comprising CSI Properties, Asia Standard International and Chongqing-born property tycoon Cheung Chung-kiu has submitted an application to the Town Planning Board to rezone Harbourside HQ – a grade A office building at 8 Lam Chak Street, Kowloon Bay, which... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368602/high-office-vacancy-rates-spur-bid-rezone-kowloon-east-site-residential-development?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368602/high-office-vacancy-rates-spur-bid-rezone-kowloon-east-site-residential-development?utm_source=rss_feed Thu, 24 Sep 2026 06:00:05 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong has climbed one place in a list of the world’s most transparent real estate markets by property consultancy JLL and subsidiary LaSalle Investment Management, though it still trails regional peers Singapore and Japan in the rankings. The city secured 14th place in the latest edition of the Global Real Estate Transparency Index, a report released every two years. The new report covers 146 city markets in 88 countries and territories worldwide. The ranking was the highest of any market in... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368542/hong-kong-rises-property-market-transparency-rankings-trails-singapore-and-japan?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368542/hong-kong-rises-property-market-transparency-rankings-trails-singapore-and-japan?utm_source=rss_feed Wed, 23 Sep 2026 23:00:07 +0000