https://www-scmp-com.libproxy1.nus.edu.sg/rss/43/feed All the latest property market news from Hong Kong and China, advice on moving house, new homes, lettings and rentals search en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Cheryl Arcibal Cheryl Arcibal Receivers of the Sheraton Hong Kong Tung Chung Hotel and the Four Points by Sheraton have agreed to sell the dual-branded complex, which together comprise the city’s third-largest hotel by room count, for HK$2.7 billion (US$344 million), Shimao Group announced on Thursday. In a filing to the Hong Kong stock exchange, the distressed mainland Chinese developer said the buyer was Oceanfront Hong Kong Limited. Oceanfront is owned by, among others, investment vehicles associated with ParkCity Group,... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371707/debt-laden-mainland-developer-shimao-sells-its-2-hong-kong-hotels-us344-million https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371707/debt-laden-mainland-developer-shimao-sells-its-2-hong-kong-hotels-us344-million Thu, 22 Oct 2026 01:38:42 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s largest landlords and developers could get their first formal route into the rising student accommodation market after the government announced plans to tender land for a purpose-built student hostel this quarter, according to analysts. Development Secretary Bernadette Linn Hon-ho announced on Thursday the inclusion of a 1,100 square metre (11,840 square foot) site for student accommodation as one of two land tenders in the October to December quarter. The plot – at the junction of... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371634/could-hong-kongs-student-housing-boom-lure-property-giants-sidelines https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371634/could-hong-kongs-student-housing-boom-lure-property-giants-sidelines Wed, 21 Oct 2026 23:00:06 +0000 Cheryl Arcibal Cheryl Arcibal Sun Hung Kai Properties (SHKP), one of Hong Kong’s largest developers, has sold out the latest batch of flats at its Sierra Sea project in the New Territories, where units were offered at discounted prices ahead of a possible US Federal Reserve interest-rate increase by year-end. By 5.40pm on Wednesday, SHKP had found buyers for all 128 flats offered at listed prices in Phase 2C(2) of the development in Shap Sze Heung, between Sai Kung and Ma On Shan, according to agents. Sales began at... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371657/hong-kongs-shkp-sells-128-sierra-sea-flats-ahead-possible-us-rate-increase https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371657/hong-kongs-shkp-sells-128-sierra-sea-flats-ahead-possible-us-rate-increase Wed, 21 Oct 2026 10:00:41 +0000 Chris Tsang Chris Tsang New World Development and China Merchants Land broke ground recently on a joint residential project in Pak Shing Kok, Tseung Kwan O, with presales expected to begin as early as 2028, when surveyors say pricing pressure may have eased. James KT Cheung, executive director of the valuation department at Centaline Surveyors, said property prices remain lower than they were in 2022, when the consortium won the project. “If property prices can recover to 2022 levels by the time the Pak Shing Kok... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371577/surveyors-say-presales-pak-shing-kok-residential-project-could-begin-2028 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371577/surveyors-say-presales-pak-shing-kok-residential-project-could-begin-2028 Wed, 21 Oct 2026 04:00:39 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong homebuyers are poised to see new residential launches in the coming days and weeks following a sell-out weekend of more than 360 flats in two major projects in the city. Sun Hung Kai Properties (SHKP), one of Hong Kong’s major developers and landlords, was set to hold a second round of sales for Sierra Sea Phase 2C(2) in Shap Sze Heung, which is between Sai Kung and Ma On Shan, with 152 flats on offer on Wednesday, it said in a statement. Among them, 128 flats would be sold via a... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371302/hong-kongs-primary-residential-market-sees-wave-launches-successful-sales https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371302/hong-kongs-primary-residential-market-sees-wave-launches-successful-sales Sun, 18 Oct 2026 10:01:52 +0000 Peggy Ye Peggy Ye From Hong Kong to New York, a deep divide is opening up in office markets around the world, as tenants compete for space in prime buildings while other properties face falling rents, low occupancy and financing pressures. The divergence reflects a global flight to quality, but also a disconnect between improving leasing fundamentals and a recovery in property values, according to analysts at Morgan Stanley and JLL. The divide is being reinforced by limited new supply in prime locations,... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371225/investors-there-are-now-just-2-kinds-offices-best-and-rest https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371225/investors-there-are-now-just-2-kinds-offices-best-and-rest Sun, 18 Oct 2026 06:00:11 +0000 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371042/hong-kong-plans-just-two-land-sales-next-quarter-despite-housing-rebound Thu, 15 Oct 2026 12:14:35 +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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370934/ai-job-losses-set-rein-office-demand-developed-asia-pacific-economies-report Thu, 15 Oct 2026 06:00:11 +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 https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3370761/henderson-banks-tenant-fomo-fill-us8b-central-yards-project 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3370747/shkp-reopens-former-crowne-plaza-hotel-luxury-urban-resort-tseung-kwan-o Tue, 13 Oct 2026 10:13:35 +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 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 Sun, 11 Oct 2026 04:00:17 +0000 Daniel Ren Daniel Ren Groundbreaking land-renewal policies recently announced in Guangzhou and Shanghai represent a step forward in stabilising China’s commercial property market and shoring up investors’ confidence amid Beijing’s efforts to revive the real estate industry, according to officials and industry analysts. The new rules governing the leasing of land for commercial and industrial use will also facilitate the issuance of exchange-traded real estate investment trusts (Reits), a financing tool that... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370350/clock-ticks-chinas-commercial-land-leases-renewal-plans-allay-investors-concerns https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370350/clock-ticks-chinas-commercial-land-leases-renewal-plans-allay-investors-concerns Sun, 11 Oct 2026 01:00:11 +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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370397/kk-offers-extra-warranty-one-stanley-homebuyers-amid-building-defects-furore 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370322/dfi-retail-group-says-it-will-continue-invest-hong-kong-supermarkets Fri, 09 Oct 2026 09:00:10 +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 https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370125/retail-properties-offloaded-losses-weak-market-revaluations-spark-bank-concerns 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370086/hong-kong-banks-grow-cautious-one-stanley-mortgages-amid-investigation Wed, 07 Oct 2026 23:00:11 +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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370022/why-morgan-stanley-sees-more-upside-hong-kong-offices-new-york-towers Wed, 07 Oct 2026 09:00:12 +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 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 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369948/hong-kong-land-sale-stuns-market-hk43b-bid-hits-5-year-kowloon-high Tue, 06 Oct 2026 13:13:03 +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 https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369814/adrian-cheng-former-scion-hong-kongs-nwd-expands-k11-brand-xiamen Mon, 05 Oct 2026 11:08:10 +0000 Michael Han Michael Han For decades, China’s property sector was defined by spectacular scale: farmland transformed into suburbs, skylines rising across regional hubs and, more recently, the prominent unravelling of heavily indebted developers. Yet beneath those dramatic changes, a far quieter and more consequential transformation is taking shape. Official figures published by the National Bureau of Statistics in September reveal that secondary market home transactions have surpassed new residential builds in volume.... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3369213/why-protecting-home-values-beijings-new-priority https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3369213/why-protecting-home-values-beijings-new-priority Mon, 05 Oct 2026 08:30:07 +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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369744/wellcome-operator-dfi-retail-seeks-buyer-fully-leased-shopping-centre-peak Mon, 05 Oct 2026 04:30:06 +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 https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369572/developers-vie-land-plum-hk2-billion-residential-site-ho-man-tin 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369536/hong-kong-ranks-7th-globally-drawing-next-wealthy-class-trailing-singapore-study 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369267/could-northern-metropolis-draw-educational-leasing-hong-kongs-grade-office-sector Fri, 02 Oct 2026 00:00:13 +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 https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369377/new-world-development-posts-hk268b-loss-after-11-skies-termination 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3369265/looming-interest-rate-rises-will-not-hit-hong-kong-hard-2022-analysts 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369241/vertex-developer-hit-hk770000-fine-over-disclosure-failures 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369169/eunis-chan-angela-leong-sell-luxury-hong-kong-properties-rate-increases-loom Tue, 29 Sep 2026 10:00:13 +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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369081/hong-kong-office-expansion-lags-hiring-push-tenants-optimise-current-space-colliers Mon, 28 Sep 2026 11:32:30 +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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368954/buyers-snap-new-hong-kong-flats-ahead-likely-interest-rate-rises 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368806/global-property-investors-see-signs-recovery-china-wary-oversupply-jll 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368796/how-asia-pacific-property-markets-are-drawing-fresh-capital-despite-us-rate-uncertainty 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368759/asia-pacific-hotels-most-compelling-investment-amid-travel-growth-flat-supply-cbre 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3368687/hong-kong-catching-dubai-super-prime-property-sales-amid-iran-war 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368602/high-office-vacancy-rates-spur-bid-rezone-kowloon-east-site-residential-development Thu, 24 Sep 2026 06:00:05 +0000 Peggy Ye Peggy Ye Foreign investors are starting to look again at mainland China’s commercial property market after years of retreat, drawn by sharply lower asset prices, wider yields and cheaper yuan financing, even though cross-border capital remains a small fraction of the overall market, analysts said. The shift did not yet amount to a broad return of foreign money, they added. Instead, some international investors were finding ways to participate through China’s domestic capital markets, using onshore... https://www-scmp-com.libproxy1.nus.edu.sg/property/hong-kong-china/article/3368521/how-chinas-growing-reit-sector-giving-foreign-property-investors-route-back https://www-scmp-com.libproxy1.nus.edu.sg/property/hong-kong-china/article/3368521/how-chinas-growing-reit-sector-giving-foreign-property-investors-route-back Thu, 24 Sep 2026 00:00:10 +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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368542/hong-kong-rises-property-market-transparency-rankings-trails-singapore-and-japan Wed, 23 Sep 2026 23:00:07 +0000 Chris Tsang Chris Tsang Digital financial service providers, including online brokerages and digital banks that used to trumpet their “zero-branch, fully online” models, have been opening physical stores across Hong Kong recently. Analysts described it as a strategic trend aimed at enhancing brand image and service quality to capture market share, but added that the impact on the city’s retail property market would be limited. Futu Securities International (Hong Kong) opened a new global headquarters at Pacific Place... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368474/physical-moves-online-financial-firms-unlikely-pump-property-market-analysts https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368474/physical-moves-online-financial-firms-unlikely-pump-property-market-analysts Wed, 23 Sep 2026 07:00:05 +0000 Cheryl Arcibal Cheryl Arcibal Foreign investors continue to pile into Hong Kong’s commercial real estate, with a unit of online retail giant Amazon and Singapore-headquartered Shorea Capital among the latest to snap up assets, according to agents. Shorea won the tender for The Pemberton, a mixed office and retail property in Sheung Wan, for an undisclosed amount, Colliers said, underscoring Southeast Asian investors’ continuing robust demand for real estate assets in Hong Kong. Colliers was the lead agent and broker for the... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368331/amazon-and-shorea-capital-deals-underscore-foreign-interest-commercial-property https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368331/amazon-and-shorea-capital-deals-underscore-foreign-interest-commercial-property Tue, 22 Sep 2026 10:00:06 +0000 Cheryl Arcibal Cheryl Arcibal New World Development (NWD) received the green light from the Shanghai Stock Exchange to spin off and list a Reit (real estate investment trust) on the bourse, according to the distressed developer controlled by one of Hong Kong’s wealthiest families. The expected offering size for the NWD C-Reit was about 3.82 billion yuan (US$570 million), from which the group’s estimated net proceeds would be 3.24 billion yuan, Hong Kong-based NWD said in a statement on Monday. The underlying assets of the... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368276/hong-kong-developer-new-world-gets-nod-spin-k11-shanghai-assets https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368276/hong-kong-developer-new-world-gets-nod-spin-k11-shanghai-assets Mon, 21 Sep 2026 12:00:12 +0000 Cheryl Arcibal Cheryl Arcibal Late last month, an open tender for Hotel Cozi Harbour View in Kwun Tong was announced, with interested parties given until October 15 to submit bids. The 598-room hotel, located in Hong Kong’s eastern Kowloon Peninsula, a former industrial area, was taken over by Nanyang Commercial Bank for HK$1.87 billion (US$238.4 million) in 2025, with the bank now looking to dispose of the asset to the highest bidder. Just a week after the announcement of the tender, Nina Hospitality, one of the largest... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368207/once-worlds-most-visited-city-hong-kong-now-converts-hotels-student-dorms https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368207/once-worlds-most-visited-city-hong-kong-now-converts-hotels-student-dorms Mon, 21 Sep 2026 07:00:06 +0000 Chris Tsang Chris Tsang Prices for properties near the new Huanggang Port are already soaring months ahead of the border crossing being put into operation, with many buyers attracted by the idea of a “dual-city lifestyle”, according to property agents. The new border facility, which is set to open before the end of the year, is expected to make crossing between Shenzhen and Hong Kong far quicker and more convenient, with plans for 24-hour operations, a “co-location arrangement” and a “joint inspection” clearance model... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3367987/housing-prices-surge-near-new-huanggang-port-buyers-eye-dual-city-lifestyle https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3367987/housing-prices-surge-near-new-huanggang-port-buyers-eye-dual-city-lifestyle Sun, 20 Sep 2026 08:00:07 +0000 Daniel Ren Daniel Ren Property brokers in China’s major cities are expecting busier days as would-be homebuyers take a cue from a recent policy shift by Beijing aimed at reviving the slumbering real estate market. Some say they are being swamped by inquiries and are trying to seal as many deals as possible amid a recovery in confidence, while others are keeping their fingers crossed for more government stimulus to sustain the growing momentum. “Government support always holds the key to the performance of the home... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368009/will-fresh-incentives-give-chinas-housing-market-more-short-lived-rebound https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368009/will-fresh-incentives-give-chinas-housing-market-more-short-lived-rebound Sun, 20 Sep 2026 03:00:09 +0000 Cheryl Arcibal Cheryl Arcibal Nearly one-fifth of surveyed companies in the Asia-Pacific region believe wider adoption of artificial intelligence will reduce their real estate needs, a new study by CBRE has found. More than half – 56 per cent – held a neutral view, believing either that AI had no impact on office space demand or that it was too early to determine its effect, according to the property consultancy’s poll of corporate real estate executives in the region. The remaining 25 per cent said AI adoption would require... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367940/will-ai-adoption-shrink-office-space-asia-pacific-firms-are-fence-survey https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367940/will-ai-adoption-shrink-office-space-asia-pacific-firms-are-fence-survey Fri, 18 Sep 2026 10:00:06 +0000 Peggy Ye,Chris Tsang Peggy Ye,Chris Tsang Hong Kong’s property market dodged an immediate hit from the Federal Reserve’s rate hike on Thursday as major local banks kept their prime rates unchanged, but another increase could puncture the market’s relatively fragile recovery, according to industry insiders. The Fed raised its benchmark rate by a quarter point at its latest meeting on Wednesday in the US, but HSBC and other major Hong Kong banks left their prime rates unchanged. The decision should have no immediate impact on the local... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367855/hong-kong-property-market-gets-reprieve-rates-position-remains-precarious https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367855/hong-kong-property-market-gets-reprieve-rates-position-remains-precarious Thu, 17 Sep 2026 10:00:11 +0000 Cheryl Arcibal Cheryl Arcibal Southeast Asian investors have emerged as the largest non-local buyers of Hong Kong commercial property, led by Singapore-based capital, according to Savills. As of Tuesday, local and non-local investors – including those from mainland China – were behind an estimated HK$30.36 billion (US$3.87 billion) in transactions involving commercial property deals above HK$50 million in Hong Kong so far this year, data compiled by the property consultancy showed. Southeast Asian investors contributed... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367610/southeast-asian-buyers-emerge-top-non-local-investors-hong-kong-commercial-property https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367610/southeast-asian-buyers-emerge-top-non-local-investors-hong-kong-commercial-property Wed, 16 Sep 2026 00:00:24 +0000 Chris Tsang Chris Tsang Commercial property prices in Hong Kong are likely to continue their downward spiral, as the market risks getting trapped in a “vicious cycle” of tighter bank lending and weakening demand, a property agency has warned. Banks in the city had adopted a more conservative approach towards approving mortgages for commercial properties over the past three years, introducing stricter approval standards and terms, said Eric Tso Tak-ming, chief vice-president at mReferral Mortgage Brokerage Services, at... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3367633/hong-kong-commercial-property-downturn-worsen-amid-tightening-credit-agents https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3367633/hong-kong-commercial-property-downturn-worsen-amid-tightening-credit-agents Tue, 15 Sep 2026 23:00:15 +0000 Chris Tsang Chris Tsang The outlook for shopping centres in Hong Kong is improving, and the business will thrive if operators use new stores and attractive events to counter locals’ fondness for cross-border shopping trips, according to the CEO of Hang Lung Properties. The company’s malls recorded growth in July, and business would be “even better” in the fourth quarter owing to a full pipeline of new shops preparing to open, said Weber Lo Wai-pak on the sidelines of an event on Monday. “Hong Kong shopping malls need... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367469/hong-kong-malls-see-gradual-recovery-new-stores-and-events-hang-lung-ceo https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367469/hong-kong-malls-see-gradual-recovery-new-stores-and-events-hang-lung-ceo Mon, 14 Sep 2026 11:00:14 +0000 Chris Tsang Chris Tsang Hong Kong’s home prices will end the year 15 per cent higher than a year earlier, but still 16 per cent below their high-water mark in 2021, according to local property agency Midland Realty. Underpinning the positive forecast, the city’s banks were not likely to follow an increase in US interest rates by the Federal Reserve if one occurred this year, executives from the agency said at a press conference on Thursday. Dave Ma Tai-yeung, CEO of Midland (Residential), said that as the market... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367086/hong-kong-home-prices-headed-15-gain-year-midland-forecast-says https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367086/hong-kong-home-prices-headed-15-gain-year-midland-forecast-says Thu, 10 Sep 2026 23:00:09 +0000