https://www-scmp-com.libproxy1.nus.edu.sg/rss/96/feed Property market news, advice on moving house, lettings and new homes. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg 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 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?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3369213/why-protecting-home-values-beijings-new-priority?utm_source=rss_feed Mon, 05 Oct 2026 08:30:07 +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 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 Cheryl Arcibal Cheryl Arcibal Malaysia is proving to be a middle ground for many Hong Kong and mainland Chinese investors looking to buy property in a country that provides the stability Singapore offers, but with competitive price points similar to those found in Thailand, according to analysts. Data from Juwai IQI, a property portal with 7 million listings across 111 countries, showed that in the first half of 2026, Malaysia was the fourth-highest destination for inquiries received from Chinese buyers. That compared with... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369646/how-malaysia-offers-chinese-investors-singapores-comfort-prices-lower-thailand?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369646/how-malaysia-offers-chinese-investors-singapores-comfort-prices-lower-thailand?utm_source=rss_feed Sun, 04 Oct 2026 03:00:09 +0000 Daisy Wu Daisy Wu A complete supply-side transformation of China’s housing market is likely to take precedence over any immediate revival in homebuyer demand following Wuhan’s overhaul of new-home sales, according to property analysts. Wuhan, capital of the central Chinese province of Hubei, is the fourth major economic hub – after Beijing, Shanghai and Guangzhou – to encourage a broader transition towards completed-home sales. “These measures do not directly stimulate demand, but they will drive a structural... https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3369596/wuhan-joins-major-chinese-cities-shift-towards-completed-home-sales?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3369596/wuhan-joins-major-chinese-cities-shift-towards-completed-home-sales?utm_source=rss_feed Sat, 03 Oct 2026 08:00:11 +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 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 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 Cheryl Arcibal Cheryl Arcibal Italy is becoming a magnet for wealthy property investors thanks to its high quality of life and flat tax regime, and interest is also on the rise among mainland Chinese and Hong Kong buyers, according to property agents. Rome introduced a flat tax regime nine years ago to attract high-net-worth individuals, with foreign residents allowed to make a flat annual tax payment of €300,000 (US$342,000) on all their overseas income under the scheme’s latest rules. The tax incentive has become a draw... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368963/italy-attracts-wealthy-chinese-property-buyers-food-fashion-and-flat-tax?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368963/italy-attracts-wealthy-chinese-property-buyers-food-fashion-and-flat-tax?utm_source=rss_feed Mon, 28 Sep 2026 00:00:21 +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 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?utm_source=rss_feed 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?utm_source=rss_feed 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?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 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?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368474/physical-moves-online-financial-firms-unlikely-pump-property-market-analysts?utm_source=rss_feed 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?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368331/amazon-and-shorea-capital-deals-underscore-foreign-interest-commercial-property?utm_source=rss_feed Tue, 22 Sep 2026 10:00:06 +0000 Chris Tsang Chris Tsang Purpose-built student accommodation is drawing mainland Chinese university students away from Hong Kong’s traditional rental market, as professionally managed residences gain favour despite charging higher rents than many private flats. Some students said dedicated student housing offered greater convenience, stronger security, more predictable costs and a better living environment, helping offset higher rents and, in some cases, longer commutes. Qi Zhonghao, a mainland Chinese student pursuing... https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3368296/despite-higher-costs-hong-kongs-student-residences-attract-mainland-chinese-renters?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3368296/despite-higher-costs-hong-kongs-student-residences-attract-mainland-chinese-renters?utm_source=rss_feed Tue, 22 Sep 2026 00:00:29 +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?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368276/hong-kong-developer-new-world-gets-nod-spin-k11-shanghai-assets?utm_source=rss_feed Mon, 21 Sep 2026 12:00:12 +0000 Nicholas Spiro Nicholas Spiro The Hong Kong Monetary Authority, the city’s de facto central bank, probably anticipated the rise in US interest rates last week. However, it is unlikely it foresaw the extent to which the Federal Reserve shifted in a hawkish direction. Even Fed watchers were surprised by the unanimous vote to increase borrowing costs and the unambiguous signal that the central bank plans to raise interest rates further in the coming months. While the HKMA, which moves in lockstep with the Fed to safeguard the... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/hong-kong-opinion/article/3368199/why-hawkish-us-fed-wont-derail-hong-kongs-property-recovery?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/hong-kong-opinion/article/3368199/why-hawkish-us-fed-wont-derail-hong-kongs-property-recovery?utm_source=rss_feed Mon, 21 Sep 2026 08:30:10 +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?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368207/once-worlds-most-visited-city-hong-kong-now-converts-hotels-student-dorms?utm_source=rss_feed 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?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3367987/housing-prices-surge-near-new-huanggang-port-buyers-eye-dual-city-lifestyle?utm_source=rss_feed 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?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368009/will-fresh-incentives-give-chinas-housing-market-more-short-lived-rebound?utm_source=rss_feed 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?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367940/will-ai-adoption-shrink-office-space-asia-pacific-firms-are-fence-survey?utm_source=rss_feed 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?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367855/hong-kong-property-market-gets-reprieve-rates-position-remains-precarious?utm_source=rss_feed Thu, 17 Sep 2026 10:00:11 +0000 Peggy Ye Peggy Ye A third-generation member of a long-established Hong Kong developer family has bought a HK$98.8 million (US$12.6 million) luxury flat in Mid-Levels, weeks after the family sold a long-held North Point property, highlighting a broader market trend of capital shifting across real estate sectors. John Lai Sung-ziang agreed to buy a high-floor unit at Estoril Court on August 31, Land Registry records showed. The price for the four-bedroom flat, which has a saleable area of 2,888 square feet,... https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3367703/developer-familys-deals-highlight-capital-shift-across-hong-kong-property-sectors?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3367703/developer-familys-deals-highlight-capital-shift-across-hong-kong-property-sectors?utm_source=rss_feed Wed, 16 Sep 2026 10:00:14 +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?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367610/southeast-asian-buyers-emerge-top-non-local-investors-hong-kong-commercial-property?utm_source=rss_feed 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?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3367633/hong-kong-commercial-property-downturn-worsen-amid-tightening-credit-agents?utm_source=rss_feed 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?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367469/hong-kong-malls-see-gradual-recovery-new-stores-and-events-hang-lung-ceo?utm_source=rss_feed Mon, 14 Sep 2026 11:00:14 +0000 Chris Tsang Chris Tsang They were the “shop kings” of Hong Kong, owning dozens of properties in the same district and even the same street. But over the past few years many of these landlords have gone bankrupt, hit by the collapse in post-pandemic rents and tighter bank lending. Shop prices in the city have fallen more than 40 per cent from their 2018 peak, but they may not have hit rock bottom yet, according to Centaline Commercial. “There does not appear to be any clear sign of a turnaround today, nor any glimmer of... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367224/rise-and-fall-hong-kongs-shop-kings-how-plunging-rents-debt-crushed-their-empires?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367224/rise-and-fall-hong-kongs-shop-kings-how-plunging-rents-debt-crushed-their-empires?utm_source=rss_feed Sun, 13 Sep 2026 08:00:09 +0000 Peggy Ye Peggy Ye When Maria’s family moved out of their house in Hong Kong’s Southern district, one of the bigger jobs was packing her mother’s belongings, including the orange Hermes boxes that had accumulated in the family gym. Her 86-year-old father was reluctant to rent, while her mother – who had spent her life buying homes – initially insisted that if they were going to rent, she wanted a house rather than a flat. “I have never rented a home in my entire life,” she said. They eventually settled at The... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367061/next-gen-wealthy-hongkongers-drop-property-higher-returns-deposits-and-hedge-funds?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367061/next-gen-wealthy-hongkongers-drop-property-higher-returns-deposits-and-hedge-funds?utm_source=rss_feed Sun, 13 Sep 2026 02:00:07 +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?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367086/hong-kong-home-prices-headed-15-gain-year-midland-forecast-says?utm_source=rss_feed Thu, 10 Sep 2026 23:00:09 +0000 Peggy Ye,Cheryl Arcibal Peggy Ye,Cheryl Arcibal Sun Hung Kai Properties (SHKP), Hong Kong’s biggest developer by market capitalisation, reported its underlying profit for the year ending June rose 4.6 per cent to HK$22.85 billion (US$2.91 billion), excluding investment property revaluations. Meanwhile, its reported profit increased to HK$21.43 billion, backed by a HK$1.38 billion net revaluation gain versus a HK$742 million loss last year, according to its filing with the Hong Kong stock exchange on Thursday. “For the year under review, Hong... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367088/shkp-posts-46-profit-rise-amid-hong-kongs-property-recovery?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367088/shkp-posts-46-profit-rise-amid-hong-kongs-property-recovery?utm_source=rss_feed Thu, 10 Sep 2026 12:26:14 +0000 Cheryl Arcibal Cheryl Arcibal US investment firm Susquehanna International Group has agreed to lease more than 4,808 square metres (51,762 square feet) of office space at the Cheung Kong Center II, a prime office skyscraper developed by CK Asset Holdings in Hong Kong’s main business zone of Central, according to market sources. Neither Susquehanna nor CK Asset immediately replied to the South China Morning Post’s requests for comments. The new space would span three floors of the property, according to the... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366895/susquehanna-latest-pick-larger-office-space-hong-kongs-central-sources-say?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366895/susquehanna-latest-pick-larger-office-space-hong-kongs-central-sources-say?utm_source=rss_feed Wed, 09 Sep 2026 23:00:09 +0000 Zhu Wenqian,Peggy Ye Zhu Wenqian,Peggy Ye China’s Supreme People’s Court has issued the country’s first systematic judicial guidance governing bankruptcy proceedings for property developers, in an effort to end inconsistencies that have slowed disposals and deterred capital in recent years. The framework called for timely reorganisations of viable developers and prompt liquidations of those lacking sustainable value, according to a statement by the Supreme People’s Court on Monday. It also said asset-management companies and... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366807/chinese-court-guidance-aims-smooth-developer-bankruptcies-reassure-creditors?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366807/chinese-court-guidance-aims-smooth-developer-bankruptcies-reassure-creditors?utm_source=rss_feed Wed, 09 Sep 2026 03:00:07 +0000 Chris Tsang Chris Tsang The luxury Hong Kong flat once owned by Mandy Lieu – the former mistress of Macau gambling kingpin Alvin Chau Cheok-wa – has finally been sold at a steep loss for just over HK$81 million (US$10.3 million), according to market sources. The flat on the 38th floor of the Argenta development in Hong Kong’s Mid-Levels West changed hands on Monday for HK$81.2 million – a price that is over 10 per cent lower than the amount Lieu reportedly paid to acquire the property 12 years ago. Lieu, a renowned... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366825/macau-kingpins-former-love-nest-finally-sells-hk81m-cut-price-deal?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366825/macau-kingpins-former-love-nest-finally-sells-hk81m-cut-price-deal?utm_source=rss_feed Tue, 08 Sep 2026 23:00:16 +0000 Chris Tsang Chris Tsang Hong Kong singer, actor and model Jeffrey Ngai Tsun-sang recently moved into a luxury residence in Mid-Levels East with a monthly rent of HK$130,000 (US$16,581), highlighting strong demand in the high-end segment, according to market sources. The luxury residence was a duplex, where Ngai, 28, would be neighbours with his close friend singer-songwriter Ben Cheng Tsun-yin, known as Tyson Yoshi, the sources said. Joseph Yan, senior principal district sales director at Centaline Property, said that... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366673/hong-kong-celebrity-jeffrey-ngai-splashes-out-us16000-rental-home?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366673/hong-kong-celebrity-jeffrey-ngai-splashes-out-us16000-rental-home?utm_source=rss_feed Tue, 08 Sep 2026 01:00:14 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s bid to become a global education hub is likely to transform the sector as a sustainable source of property demand, with the city tipped to see around 200,000 non-local students by 2035, according to CBRE. The city’s international schools are estimated to require enormous additional real estate to accommodate nearly 30,000 to 40,000 non-local students, as the institutions would need to set up 40 to 50 new school campuses. This could mean up to an extra 1.11 million square metres (12... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366576/foreign-mainland-students-flock-hong-kong-sparking-property-demand-education-sector?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366576/foreign-mainland-students-flock-hong-kong-sparking-property-demand-education-sector?utm_source=rss_feed Tue, 08 Sep 2026 00:00:12 +0000 Peggy Ye Peggy Ye Hong Kong landlords and property industry figures are accusing banks of deepening the city’s shop slump by pulling back from commercial mortgages, leaving more potential buyers unable to secure financing even though property values have fallen sharply. Shop buyers were increasingly being turned away, even though Hong Kong’s residential market had gained momentum this year and banks were competing for mortgage borrowers, they said. Shih Wing-ching, founder of Centaline Property, said banks tended... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366652/hong-kong-landlords-accuse-banks-deepening-shop-slump-reluctance-lend?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366652/hong-kong-landlords-accuse-banks-deepening-shop-slump-reluctance-lend?utm_source=rss_feed Mon, 07 Sep 2026 11:00:09 +0000 Nicholas Spiro Nicholas Spiro More than two decades after China’s central bank recommended that developers be forbidden from selling flats before they are completed, the government has called time on the presale financing model that contributed to the excesses of the property boom and shattered homebuyers’ confidence in the market. On August 28, Beijing announced a package of measures designed to rebuild trust in the completion and handover of pre-sold homes, stimulate demand and put the country’s ailing residential market... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3366586/chinas-new-property-presale-rules-risk-prolonging-sector-downturn?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3366586/chinas-new-property-presale-rules-risk-prolonging-sector-downturn?utm_source=rss_feed Mon, 07 Sep 2026 08:30:09 +0000