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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.
The Northern Metropolis is a government blueprint that aims to transform 30,000 hectares of land in the New Territories. Photo: May Tse
Hong Kong housing

22 Hong Kong, mainland firms express interest in pilot Northern Metropolis scheme

Henderson Land Development, New World Development and Sino Land among those to signal interest, after Beijing official urged involvement.

Hong Kong Monetary Authority (HKMA)

Hong Kong mortgage loans surge to 9-month high as new homebuyers seek financing

Property financing

Rich buyers keep scoring Hong Kong luxury homes at stunning discounts

Accidents and personal safety

Up to 60% of Hong Kong landslides on private slopes related to poor upkeep

Authorities warn higher drainage capacity for slopes needed, with more extreme weather expected in the future.

Rescuers on site during a landslide at The Peak in 2023. Photo: Xiaomei Chen
Property financing

Hong Kong’s home prices fall towards decade low on interest rate, tariff pain

Secondary home prices have declined by a cumulative 27 per cent since January 2022, according to government data.

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Hong Kong housing

Hong Kong eyes ‘pay for what you build’ approach for developers adjusting leases

Developers currently pay land premiums based on maximum floor area when they modify leases, development chief Bernadette Linn notes.

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Architecture and design

Works by Tracey Emin and Hilarie Hon grace this designer’s Hong Kong home

A Hong Kong-based designer and her arts consultant husband reimagine the space by swapping out artworks to create distinct vibes.

The Pok Fu Lam, Hong Kong, home of Studio Ella’s Ella Bridgland. Photo: Joshua Lee
Hong Kong housing

Editorial | Hong Kong’s public housing is for those most in need

Hong Kong cracks down on abuse of subsidised flats by tightening rules and raising rents for residents who can afford to pay more.

Hong Kong

Hong Kong’s battered retail sector about to turn around: UBS, JLL

UBS revises its 2025 forecast to flat from a 5 per cent decline, while JLL sees signs of stabilisation as Shenzhen shopping craze cools.

Hong Kong

Cantopop diva G.E.M. dives in for 2 Hong Kong flats as prices drop

The transactions for the two units in Leon Court in Wan Chai were completed earlier this month for HK$85 million, government records show.

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The singer G.E.M. has bought two 2,480 sq ft units in Leon Court in Wan Chai for a combined HK$85 million. Photo: Handout
Hong Kong housing

Hong Kong urged to offer well-off tenants priority ‘carrot’ to buy subsidised flats

Call made after authorities announce plan to raise rent and evict wealthier tenants from public rental flats.

Under the Home Ownership Scheme, 40 per cent of subsidised flats are reserved for households with elderly members and families with newborns. Photo: Nora Tam
Hong Kong

Hong Kong may need 7 to 15 years to end city’s office glut, experts say

The city has 15 million sq ft of excess office space, more than all the current space in the main business district.

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United States

Hong Kong property demand sees some improvement after stamp duty cuts

The market’s long-term recovery depends on interest rate trends, as homebuyers remain cautious amid the US-China trade war, experts say.

Hong Kong housing

Hong Kong’s most well-off tenants will be hit in the pocket under new policy

Rent of well-off tenants in public flats could more than double the existing amount, in addition to some being forced out in four years’ time.

The first batch of well-off tenants expected to move out as a result of the measures will do so by October 2029 at the earliest, according to a Housing Authority member. Photo: Jonathan Wong
Hong Kong housing

New policy will force out 1,200 of Hong Kong’s most well-off tenants in 4 years

Proposal by the Housing Bureau aims to tackle abuse of public resources by the government.

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As of the end of August 2024, there were about 43 800 well-off tenants, accounting for about 5.4 per cent of the total public rental households. Photo: Eugene Lee
China property

2 of Hong Kong’s biggest developers miss profit goals amid slump

‘The global economy is expected to remain challenging in 2025’, says CK Asset chairman Victor Li Tzar-kuoi.

Architecture and design

Turning tiny Hong Kong homes into bespoke living spaces

Millennials and solo dwellers are driving a trend of compact, high-spec spaces with acres of innovative storage.

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Hong Kong housing

Hong Kong may extend grace period to 3 years to fix subdivided flats: sources

Insiders say landlords will also need to pay a registration fee of between HK$1,000 and HK$3,000 for landlords to operate legally.

A subdivided flat in Sham Shui Po. Photo: Eugene Lee
Hong Kong

Chinese Estates CEO, sister sell retail shops for US$16.7 million amid market stress

Chan Hoi-wan and her sister lowered their asking price by 7 per cent to close the deal for the Hong Kong retail shops on March 18.

Henderson Land

Henderson’s smooth succession: a tale of 2 brothers and a US$91 billion empire

Tycoon ensured a lasting legacy after he handed over control of the group to his two sons Peter Lee and Martin Lee well ahead of time.

Mainland China

Tributes pour in for Lee Shau-kee, Hong Kong’s ‘patriotic philanthropist’

Lee gave away some of his US$29.2 billion fortune to fund education, provide housing and elderly care for the city’s underprivileged.

Professor Zhou Qifeng, President of Peking University and Lee Shau-kee in 2011 visited the construction site of the Lee Shau Kee Humanities Buildings inside the Jingchun Garden which used to be an imperial garden in the Qing dynasty. Photo: Handout
Hong Kong culture

Editorial | ‘Uncle Four’ a true Hong Kong success story

Tycoon Lee Shau-kee built a business empire and fortune, while giving back to the local and mainland community.

Lee Shau-kee, a celebrated businessman and philanthopist in Hong Kong, died aged 97 on Monday. Photo: SCMP
Architecture and design

American expat transforms Mid-Levels flat with a splash of colour

Cinda McClelland Reynolds summoned her passion for colour, art and eclectic furniture to turn a white box into a visually stunning space.

Property financing

Stephen Chow, Andy Lau poised for windfalls as their property rents rise

Rateable value is an estimate of the annual rental value of a property on the open market at a designated valuation reference date.

Henderson Land

Lee Shau-kee, founder of Henderson Land, dies at age 97

The entrepreneur built a business empire valued at more than HK$551 billion as of March 17, with interests in real estate, hotels, piped gas and a ferry operation.

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Chairman Lee Shau-kee attends the Towngas 2010 Annual General Meeting. Photo: Jonathan Wong
Hong Kong

Hong Kong property firm Gale Well trying to sell US$386 million in assets

Company is selling commercial properties in Admiralty, Tsim Sha Tsui and Causeway Bay, as well as luxury residential assets.

Gale Well Group vice-chairman and CEO Jacinto Tong Man-leung, pictured at his office in Wan Chai on February 25, 2025. Photo: Jonathan Wong
Banking & finance

ICBC (Asia) backs Hong Kong developers with loan support as sector struggles

Local subsidiary of China’s largest bank has ‘zero’ non-performing loans from Hong Kong developers and plans to increase home mortgages.

China Vanke

China Vanke’s Hong Kong unit sees strong flat sales despite mortgage concerns

The embattled developer has sold 223 of the 228 flats on offer at its Le Mont residential project, according to agents.

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