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Hong Kong property

Hong Kong property
Latest news and analysis about Hong Kong’s property industry, including sales, market outlook, policies, products and the performance of developers.
last updated:
9 September, 2024
The modern-rustic Braemar Hill, Hong Kong, family flat designed by hoo is on point for many 2025 home interiors trends. Photo: hoo
Architecture and design

This ‘modern-rustic’ Hong Kong home was ahead of the 2025 design trend curve

A design-savvy couple created a modern-rustic haven in Braemar Hill, using rich textures to enliven a neutral backdrop.

New World Development

K11’s Adrian Cheng resurfaces in French cultural exchange with Emmanuel Macron

Hong Kong

Rare deals, distressed sales to prevail in Hong Kong property

Sun Hung Kai Properties

SHKP’s Sai Sha project: can it be the next Taikoo Shing or Lohas Park?

Hong Kong’s biggest property developer is likely to launch the first batch of 781 flats in the Sai Sha project this quarter.

A general view of Taikoo Shing. The first phase of the 12,698-unit development was launched in 1977. Photo: Jelly Tse
Hong Kong housing

Editorial | Community spaces are a welcome addition

They are good examples of how government, businesses and charities can join hands to build a more caring and inclusive community.

Hong Kong

Slow start for Hong Kong’s first property launch in Year of the Snake

Only 27 of the 133 units on offer at The Reserve at Gold Coast Bay in Tuen Mun were sold as of 8pm.

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Hong Kong society

Letters | Minor works in Hong Kong buildings are permitted – within legal limits

Readers address concerns about construction work in residential buildings, and discuss efforts to save Hongkongers from Southeast Asian scam camps.

Residential buildings in West Kowloon on July 20, 2023. Photo: Sam Tsang
Hong Kong housing

Hong Kong’s December mortgages slump 21.1% on higher rates

Mortgage applications fell to 6,306 last month, the first decline since September, according to a statement by the Hong Kong Monetary Authority.

China property

Hong Kong developer Hang Lung diversifies amid consumer challenges

‘We have to improve ourselves and make sure that our offering is relevant,’ CEO Weber Lo says.

Banking & finance

Hong Kong’s economy to benefit from capital flow, rate cut: ANZ

City’s economy is likely to grow between 2.5 and 3 per cent, ANZ chief economist Raymond Yeung says.

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Raymond Yeung, chief economist for Greater China at ANZ Banking Group, says Hong Kong will see more tailwinds than headwinds in the Year of the Snake. Photo: Enoch Yiu
Robotics

Chinese robotics start-up pushes large cleaning robots in Hong Kong, Macau

Suzhou Intelligence Technology’s cleaning robots are used in large commercial establishments, such as shopping centres and airports.

Suzhou Intelligence Technology’s commercial-grade cleaning robot shown at an event. Photo: Suzhou Intelligence Technology
Hong Kong economy

Hong Kong’s cash-strapped Urban Renewal Authority to adjust pace of projects

Speed of redevelopments to be reviewed to improve authority’s financial position, while property firms will be given more information on projects before tenders.

Hong Kong housing

Hong Kong minister dispels ‘lying flat’ concerns as rental flat applications drop

Applications for public housing among those under 30 have declined by 46 per cent from 16,000 in 2019-20 to 8,600 in 2023-24.

Hong Kong

Hong Kong land sale to fetch around US$76 million amid developer caution

The New Territories site – the only residential plot offered in the previous quarter – has attracted bids from six developers.

An aerial view of Tai Wai, Sha Tin. Photo: Shutterstock
Hong Kong

Hong Kong’s lived-in home prices complete third year of decline

Prices of second-hand homes fell in December, snapping a two-month rebound, and have dropped 27 per cent over the past three years.

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A woman walks past a property agency in South Horizons, Hong Kong. Photo: Eugene Lee
Shanghai

Hang Lung Properties net falls on lower leasing profits, higher finance costs

Company says it faces headwinds in China and Hong Kong.

New World Development

New World says it’s ‘business as usual’ amid rumours of default risk

Residential sales in Hong Kong continue to improve, and mainland China sales are on track, embattled company says.

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Hong Kong

Mortgage registrations hit record low as rate hikes spook market: Centaline

Owners registered 47,917 mortgages on various properties in 2024, the least since Centaline Property began tracking the data in 2000.

Residential advertisements outside a real estate agency in Jordan, Hong Kong, Photo: Jelly Tse
Hong Kong housing

Developers worried over risks in Hong Kong’s Northern Metropolis project

Authorities urged to bring forward infrastructure work to ensure sites’ development potential is met, reducing uncertainties for investors.

China property

Shimao’s lender seeks private credit deal on US$1.3 billion loan

The loan, which matures on September 30, is backed by a complex in Hong Kong’s Kowloon Tong neighbourhood.

Hong Kong housing

Hong Kong’s ombudsman urges more legal action over public housing abuse

Watchdog finds Housing Authority had prosecution rate of 4.2 per cent last year for cases of public flats being misused.

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The government earlier proposed amending the Housing Ordinance to tackle certain cases of abuse of public flats. Photo: Jelly Tse
Hong Kong

More Hong Kong home buyers may lose deposits, agents say

Deposit defaults on new homes shot up by 75 per cent to 449 last year, and property agents see the trend continuing into 2025.

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Property agents and buyers gather at a sales venue for 198 units of Chinachem’s Echo House on October 27, 2024. Photo: Elson Li
China property

Country Garden shares jump on restructuring hopes as trading resumes

Stock jumps as much as 30 per cent in Hong Kong after a nine-month trading suspension.

Architecture and design

How this Hong Kong home pays homage to Tokyo ryokans

Japanese hotel Hoshinoya, which bridges tradition and modernity, provided the inspiration for this Sai Kung family home.

Hong Kong housing

New Hong Kong title deeds system should include existing owners: lawmakers

Legislators say land and property owners should be allowed to transfer their title deeds to new system.

Hong Kong is proposing new legislation to set up a new title deeds registration system. Photo: Sam Tsang
Hong Kong

Tourism, student accommodation to give hotel assets a bump, experts say

A promising year awaits hoteliers as tourism rebounds and owners looking to sell their assets for better prices, industry experts say.

Hotel porters in Tsim Sha Tsui help guests with their luggages on December 31, 2024. Photo: Eugene Lee
Hong Kong housing

Hong Kong to tackle potential land ownership disputes with new title deeds

Development Bureau says proposal set to take effect in two years and intended to prevent fraud.

Hong Kong courts

Hong Kong district councillor fined HK$1,000 for property tax form failure

Sky Li, 43, admits he failed to file a property tax return in the 2021-22 financial year.

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