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 Chris Tsang Chris Tsang The relatively swift recovery of Hong Kong’s grade A office market has spurred some owners of properties in prime locations to accelerate the listing of their assets, analysts said. Stanley Poon Chi-ming, managing director at Centaline Commercial, said the number of grade A office properties for sale in core districts had increased, with the prospect of stable rental income from well-established finance, securities and banking players appealing to some buyers. “Grade A offices have become the... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3372289/rental-income-prospects-boost-grade-office-market-hong-kongs-core-districts https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3372289/rental-income-prospects-boost-grade-office-market-hong-kongs-core-districts Tue, 27 Oct 2026 09:00:08 +0000 Peggy Ye Peggy Ye The HK$2.7 billion (US$344 million) sale of two Shimao Group hotels in Hong Kong leaves an estimated HK$1.8 billion shortfall against their secured loans. Still, receivers managed to squeeze out improved bids in the final stages, with all shortlisted parties improving their offers, said Una Ge, a managing director at AlixPartners who oversaw the sale as a joint receiver. The deal offers a glimpse into how mainland China’s developer debt crisis is reshaping Hong Kong’s restructuring industry,... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3372067/how-shimaos-sale-2-hotels-reveals-growing-complexity-hong-kong-debt-workouts https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3372067/how-shimaos-sale-2-hotels-reveals-growing-complexity-hong-kong-debt-workouts Mon, 26 Oct 2026 23:00:05 +0000 Peggy Ye Peggy Ye Hong Kong’s major property developers are shifting investment in mainland China from residential projects to commercial assets, including hospitality, as weak home sales and fewer attractive investment opportunities prompt them to focus on existing properties, recurring income and debt reduction. “In recent years, after we recycled the capital from our projects, we haven’t really found many good opportunities on the mainland,” Stephen Ng, chairman and managing director of Wharf Holdings, said at... https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3371965/whats-next-hong-kong-developers-mainland-china https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3371965/whats-next-hong-kong-developers-mainland-china Sun, 25 Oct 2026 06:00:26 +0000 Daniel Ren Daniel Ren A Chinese developer behind one of Sri Lanka’s biggest projects has reason to celebrate as a luxury property boom lifts sentiment in the South Asian nation and fuels optimism about the market’s prospects. Analysts, however, cautioned that a string of disappointing Chinese overseas property investments over the past decade underlined the risks of speculative excess that could lead to a boom-to-bust scenario, particularly in a country where regulation remained uneven. “Chinese developers, having... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3371938/sri-lankas-property-boom-gives-chinese-developers-hope-familiar-risks-linger https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3371938/sri-lankas-property-boom-gives-chinese-developers-hope-familiar-risks-linger Sun, 25 Oct 2026 01:00:11 +0000 Cheryl Arcibal,Peggy Ye Cheryl Arcibal,Peggy Ye 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, which is controlled by Malaysian property developer ParkCity Group. The complex was seized... 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 last week 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... 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 Zhu Wenqian Zhu Wenqian As China’s housing market downturn enters its fifth year, global investment banks including Goldman Sachs and Citi say they expect the sector to pivot as soon as 2027, with expectations fuelled by signs of shrinking supply and robust sales over the National Day holiday in early October. Citi holds a positive view on the sector and saw 2027 as a pivotal year for home price recovery in Beijing, Shanghai and Shenzhen. Home prices in China hit their lowest point in June 2024, according to... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371618/2027-turning-point-goldman-citi-see-stabilising-signs-chinas-housing-market https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371618/2027-turning-point-goldman-citi-see-stabilising-signs-chinas-housing-market Wed, 21 Oct 2026 07:15:17 +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 US-based money manager Principal Asset Management says it is poised to become more active in Asia-Pacific property markets, believing investors have been “underweight” in the region’s office property segment. Richard Hill, its senior managing director and head of global real estate research and strategy, said the group was also seeing continued interest from institutional investors in the Asia-Pacific region looking to access opportunities in US commercial real estate as it was “too big to... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371391/money-manager-eyes-asia-pacific-property-growth-tells-investors-keep-bet-us https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371391/money-manager-eyes-asia-pacific-property-growth-tells-investors-keep-bet-us Mon, 19 Oct 2026 23:00:05 +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 Cheryl Arcibal Cheryl Arcibal Tokyo’s implementation of a rule that requires all property buyers to declare their nationality is raising concerns among investors, according to analysts. Japan’s shift from an ultra-loose monetary policy to gradual normalisation of its interest rates was also likely to force investors to reconsider whether real estate assets were still attractive, they added. “Japan has had a really strong run for the last seven or eight years,” said Neil Brookes, head of Asia-Pacific capital markets at... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371224/new-property-purchase-disclosure-rule-japan-sparks-fears-it-may-curb-foreign-investment https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371224/new-property-purchase-disclosure-rule-japan-sparks-fears-it-may-curb-foreign-investment Sun, 18 Oct 2026 03:00:07 +0000 Peggy Ye,Kandy Wong Peggy Ye,Kandy Wong The wallpaper on Allan Zeman’s office desktop computer screen is an image of Chandara, the private estate in Phuket that he has owned for more than two decades. Now the “father of Lan Kwai Fong” is bringing the Thai resort-style concept to Hong Kong’s luxury housing market. Located in rural Sai Kung, 181 Clearwater is the first local residential project for Zeman’s Lan Kwai Fong Group. Developed with Far East Consortium and Hien Lee Engineering, the project – which has received presale approval... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371103/father-lan-kwai-fong-allan-zeman-pivots-hong-kongs-luxury-home-market https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371103/father-lan-kwai-fong-allan-zeman-pivots-hong-kongs-luxury-home-market Fri, 16 Oct 2026 05:00:25 +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 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370889/how-jardine-mathesons-street-shop-sale-reflects-hong-kong-retail-propertys-struggles Wed, 14 Oct 2026 23:00:06 +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 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370495/laopu-gold-deepens-hong-kong-footprint-entire-floor-lease-central-tower-sources 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 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 In a rare market move, a long-established local developer sold a Central retail shop that was held for over 50 years to an heir of Swiss underwear maker Triumph, according to data from the Land Registry, a deal analysts have called “highly unusual”. The use of international capital to acquire local retail assets in Hong Kong is uncommon. Triumph International did not immediately respond to a request for comment from the South China Morning Post. The transaction involved a ground-floor shop at... https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3370181/central-retail-shop-bought-swiss-heir-rare-hong-kong-market-move https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3370181/central-retail-shop-bought-swiss-heir-rare-hong-kong-market-move Thu, 08 Oct 2026 23:00:06 +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 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 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 Mon, 05 Oct 2026 23:00:09 +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 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369764/hong-kong-poised-first-listed-property-debt-fund-banks-pull-back 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 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 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 https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3369600/more-hong-kong-homes-sell-loss-despite-signs-prices-have-bottomed-agents 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369646/how-malaysia-offers-chinese-investors-singapores-comfort-prices-lower-thailand 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 https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3369596/wuhan-joins-major-chinese-cities-shift-towards-completed-home-sales 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 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 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 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 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 https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368963/italy-attracts-wealthy-chinese-property-buyers-food-fashion-and-flat-tax 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 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