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Derek Chan

Derek Chan
The latest news and top stories on Derek Chan, head of research at Ricacorp Properties. He is known for providing market analysis and optimistic projections for the Hong Kong property sector. His expertise includes forecasting home prices transaction volumes and the impact of economic conditions on the residential market.
Crowds queue at the Tsim Sha Tsui sales centre to buy units at Park Silicon in Kwu Tung. Photo: Dickson Lee
Hong Kong property

Northern Metropolis: Hong Kong homebuyers flock to flats launch

More than half of the 82 units available at Park Silicon in Kwu Tung were sold, signalling a positive shift in the city’s property market.

Hong Kong property

Hong Kong home price rally to cool after strong first half: analysts

Hong Kong property

Caution on land tenders key to Hong Kong’s property recovery: analysts

Hong Kong property

Hong Kong developer switches to high gear with Mercedes giveaways for homebuyers

K&K Property woos wealthy buyers with luxury car sweeteners as the city’s high-end housing market rebounds.

An exterior view of One Stanley in Southern district, Hong Kong. Photo: Elson Li
Hong Kong property

Hong Kong home sales cool off over Dragon Boat holiday ahead of new projects

Three-day holiday weekend and rising prices following a strong May performance are cited as factors leading to sales cooling off in June.

Hong Kong property

Hong Kong property sales more measured as interest rate increase looms

Hong Kong Monetary Authority warns public to beware of interest rate uncertainties.

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Hong Kong property

US$46.2 million penthouse sale in Mid-Levels sets a 2026 record

The sale at the luxury development is the highest price per square foot in a first-hand transaction so far this year.

A view of residential buildings in Hong Kong’s Mid-Levels. Photo: May Tse
Hong Kong property

NWD’s Pavilia Rosa project tests property market amid Hang Seng slump

Hong Kong developer’s Kowloon Tong project, to be sold on a ‘first come, first served’ basis on Friday, is a test of market sentiment.

Hong Kong property

Hong Kong home sales surge to 2-year high, boosting overall transactions

A total of 8,692 transactions in all sectors were concluded last month, up 12.3 per cent from March’s 7,737 deals.

Hong Kong property

Hong Kong homebuyers flock to new launches as flats sell out swiftly

All 120 units at One Victoria Cove I sold out by late afternoon, while Pavilia Farm III sold 19 of 45 units by 6.50pm.

Pavilia Farm III is coming up above Tai Wai MTR station Photo: Handout
Hong Kong property

Hong Kong homebuyers extend sell-out streak amid renewed confidence in market

Sentiment is likely to stay firm, agents say, citing steady demand across new launches and a rebound that lifted prices to a 22-month high.

Prospective buyers queue at the sales office for Pavilia Farm III flats. Photo: Jelly Tse
Hong Kong property

Hong Kong developers test homebuyers with price increases after sell-outs

‘This is a classic recovery-phase strategy: testing price elasticity without undermining the building momentum,’ an analyst says.

Hong Kong property

Hong Kong’s property market resilient despite small setback last month: analysts

Hong Kong property deals to reach 8,000 this month after staying above 7,000 for six consecutive months, real estate agencies say.

Hong Kong property

Hong Kong home prices surge to 22-month high, but Iran war clouds outlook

Price gains accelerated in February, according to official government index, but interest-rate risk looms, analysts say.

A view of a residential area in Sham Shui Po on May 28, 2025. Photo: Eugene Lee
Hong Kong property

Brother of Great Eagle chairman sells Hong Kong flats amid deleveraging trend

Home prices have fallen about 30 per cent from their 2021 peak, but recent data indicates a gradual recovery.

KS Lo and Great Eagle management have bought multiple units in residential developments such as Henley in Kai Tak. Photo: Handout
Hong Kong property

Hong Kong buyers snap up most of 360 flats at 2 projects as confidence returns

Buyers snapped up most units on sale, even though one agent said the Middle East conflict was ‘like a bucket of cold water’ on demand.

Style Edit

Style Edit: Meet Hong Kong fashion’s soft-power six

Meet the designers redefining the future direction of Hong Kong fashion in very different ways, from edgy couture to agender aesthetics.

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Hong Kong property

McDonald’s sells Hong Kong shop outside disposal plan for US$11.9 million

Latest sale of Hong Kong restaurant site by the Chicago-based food chain reflects a retail valuation reset as rents stay subdued.

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McDonald’s Hong Kong announced that from January 1, the average salary increase for restaurant management groups will be 3 per cent. However, the company is also selling off restaurants across Hong Kong as the retail property sector remains under pressure. Photo: Sam Tsang
Hong Kong economy

From oil spikes to power bills, how war on Iran will hit Hongkongers’ wallets

Residents may face higher energy and dining costs as analysts stress the city cannot remain immune to surging oil prices.

Hong Kong property

Hong Kong’s home prices reach 19-month high as rise gathers pace

‘We expect Hong Kong’s residential market in 2026 to remain resilient and positive,’ CBRE’s Hannah Jeong says.

Hong Kong’s Tai Po fire tragedy

Hong Kong fire department to review strategies following Tai Po inferno

New steering committee within Fire Services Department will evaluate operational strategies.

The Wang Fuk Court blaze tore through seven residential buildings. Photo: Eugene Lee
Hong Kong property

Hong Kong’s property market to build on gains in the Year of the Horse: agents

Overall property transactions in the Year of the Snake totalled 87,506 valued at about US$86.8 billion, according to the Land Registry.

A general view of residential buildings in Cheung Sha Wan. Photo: Eugene Lee
Hong Kong property

Soaring Hong Kong rents: tenants pay more – and fight for shrinking space

With rents at peak levels and bidding contests common, tenants struggle to balance cost, space and location in a tightening market.

Hong Kong property

Hong Kong records US$95 million worth of luxury home deals in a single day

The surge in luxury home deals comes amid a recovery in Hong Kong’s residential property segment.

Law

Legal Tales | What happens in Hong Kong’s top court, hidden amid the city’s winter wonderland

It may be used as a canvas for Christmas projections, but the building houses independently appointed judges who uphold and develop the city’s laws.

The Court of Final Appeal building is used as a backdrop for an animated light show during the Christmas season. Photo: Eugene Lee
Hong Kong property

Hong Kong home sales rise in December amid demand for affordable units

Overall residential transactions rose 5.3 per cent to 5,883 last month, but deal value fell nearly 1 per cent to US$6.6 billion.

People walk past a private residential estate in Kai Tak. Hong Kong property sales ended the year on a high in December. Photo: Jelly Tse
Hong Kong

Hong Kong home prices rise for sixth month, setting stage for 2026 rebound

December gains seen easing after deadly fire dampens sentiment, but a more sustained rebound is forecast from mid-2026 on easing rates.

Hong Kong property

Hong Kong home sales dip as December slowdown looms amid tragedy, holiday lull

Soft sentiment and stalled launches are expected to drag December property transactions to their lowest since August.

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