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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 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

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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Hong Kong housing

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

Hong Kong

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

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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.

A view of Kowloon from the sky100 Hong Kong Observation Deck on February 27. Photo: Sam Tsang
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.

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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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.

CK Asset chairman Victor Li Tzar-kuoi. Photo: Handout
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.

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.

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.

York Place is located on Johnston Road in Wan Chai, Hong Kong. Photo: Google Maps
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.

(From left) Henderson Land chairman Lee Shau-kee (centre) with vice-chairmen Martin Lee Ka-shing (left) and Peter Lee Ka-kit at the annual general meeting on May 28, 2019. Photo: Sam Tsang
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.

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.

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.

Cinda McClelland Reynolds of Tory Burch transformed her Mid-Levels rental flat with a splash of colour. Photo: Eugene Chan
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.

Hong Kong entertainer Andy Lau. Photo: Sam Tsang
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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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.

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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.

A worker cleans a pool near residential construction projects in the Kai Tak area of Hong Kong on March 11, 2025. Photo: May Tse
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.

Hong Kong

Nicholas Tse, Stanley Ho’s family face falling property value amid market slump

Macau tycoon Stanley Ho’s family is selling a site in Tsim Sha Tsui, while actor Nicholas Tse’s shop in Central rented out at a big discount.

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Swire Group

Swire Pacific earnings drop 85% as Hong Kong property slump hits projects, assets

Earnings at Cathay Pacific stabilised while the group switched its focus in the beverage business to Thailand and Laos from the US market.

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Exterior of One Pacific Place in Admiralty. Photo: Nora Tam
Hong Kong

Wharf swings to 2024 loss as write-downs add to glut, sales slump

The company posted a 2024 loss of HK$3.22 billion and set aside HK$2.02 billion in impairment provisions.

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General view of Wharf Holdings’ Mount Nicholson at 8 Mount Nicholson at The Peak on 26 Jun 2019. Photo: Martin Chan
Property policies

Luxury Hong Kong project vendor fined for violating property sales rules

Win Extra, the seller of Pokfulam Peak, was fined HK$26,000 (US$3,345) after pleading guilty to three charges.

Two Sessions 2025

Hong Kong NPC deputies propose scheme to help mainland talent buy flats easily

City’s representatives to China’s top legislature submit proposal that would allow mainlanders to buy properties through direct remittance.

China property

Some Hong Kong banks refuse home loans for Vanke’s Le Mont project in Tai Po

Vanke Hong Kong, a local unit of China Vanke, says some lenders, including Bank of Communications and OCBC Hong Kong, will offer mortgages.

China Vanke’s Le Mont project is coming up at 19 Ma Wo Road in Tai Po. Photo: Handout
Hong Kong housing

Hong Kong to resume unauthorised temporary structure scheme by end of year

Scheme aims to tackle rampant illegal additions to village houses totalling more than 100,000 structures.

General view of Pokfulam Village. Half of the more than 60,000 ­village houses inspected have unauthorised structures, but authorities plan to give owners with minor illegal additions a grace period before ordering removal work due to the huge volume of cases. Photo: Jonathan Wong
Architecture and design

This couple in Hong Kong shows how a 1970s flat can become a wellness haven

The new owners opted for natural finishes and sustainable materials when turning their Mid-Levels property into a stylish sanctuary.

Hong Kong Monetary Authority (HKMA)

Hong Kong rents hit 5½-year high as demand surges post-holiday season

Centa-City Rental Index, compiled by Centaline Property, rose 0.46 per cent month on month in February.

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