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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.
Illustration: Craig Stephens
Hong Kong environmental issues

Opinion | No better time than a property slump to ‘future-proof’ urban Hong Kong

Genuine consultation, better communication, and policy with targets and teeth – like Singapore’s – are needed to ensure city’s sustainability.

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Asia housing and property

NWD meets 2025 sales target and wins commitment to refinancing

Hong Kong

Buyer linked to Agile’s lender picks up Hong Kong sites at 63% discount

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New World Development

New World gets banks’ 100% backing for US$11 billion refinancing

The deal is all but done, with only procedural steps left for lenders to sign the loan documents, which should happen shortly, according to people familiar with the matter.

Hong Kong International Airport (including 11 Skies, a new retail, business and entertainment hub) in Chek Lap Kok on June 17, 2024. Photo: Jelly Tse.
HSBC

Person connected to HSBC banker buys luxury property for US$15.9 million

The sale comes as sentiment in the city’s property market improves gradually.

Property financing

Hong Kong home prices post tiny gain in May, raising hope of slump’s end

Prices could rise up to 5 per cent this year given improving market sentiment and low financing costs, CBRE says.

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China property

Hong Kong tops global list for priciest homes despite slump: Deutsche Bank

Prime property prices of US$25,946 per square metre push Hong Kong above Zurich, Singapore and New York: Mapping the World’s Prices report.

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View of residential buildings in Mid-Levels. Photo: May Tse
Education in Hong Kong

Lawmakers call for rents in Hong Kong student hostels to be regulated

Market rates for some private student hostels in Hong Kong are four times higher than for campus dormitories, Post finds.

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Interiors

This Hong Kong family home was designed to let the sunshine in

A designer captures the movement of light through this Hung Hom family flat.

Hong Kong housing

Opinion | Despite property market slump, Hong Kong must increase housing supply

Government should not repeat post-1997 mistake of shelving plans to increase long-term housing supply because of a temporary market dip.

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Illustration: Craig Stephens
New World Development

Hong Kong’s New World downplays talk of debt deal as analysts see path forward

Government rhetoric about bank leniency towards developers is ‘favourable’ for the debt-laden company, Morningstar analyst says.

A sunset picture shows the Victoria Dockside development in Tsim Sha Tsui on December 19, 2018. Photo: Martin Chan
Hong Kong economy

Hong Kong to keep expanding land bank, but not to offset deficit: Paul Chan

Finance chief also says government will address plans to build artificial islands off Lantau waters at later stage, despite calls to halt project.

Luxury Hotels

Hotel investors pick up Hong Kong bargains on distress, tourism rebound

Hotel deals made up 45 per cent of commercial real estate transactions in the first three months of the year, the busiest quarter on record.

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Hong Kong

Art deco architecture abounds in Hong Kong – if you know where to look

Hong Kong was no pioneer of the architectural style, which flourished post-WWI, but there are still some gems to be found – from the Kadoorie Estate to the frontage of King George V School.

The white houses at Kadoorie Hill, Hong Kong, are on a list of modern buildings that experts believe should be preserved for future generations. Photo: Edmond So
Hong Kong housing

Hong Kong shoebox flat owners urged to comply with shake-up after years of profits

Minister says subdividing flats was ‘market decision’ years ago, but low-income residents should now have homes that meet basic conditions.

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Hong Kong aims to clamp down on subpar subdivided flats with a coming regulatory regime. Photo: Elson Li
Property financing

Hong Kong home market on brink of turnaround, Morgan Stanley says

‘The decline in prices is behind us,’ and the upcycle could last five years, bank’s property research head says.

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Hong Kong housing

Hong Kong subdivided flat owners ‘may pass on costs to tenants under new rules’

As city moves to legislate minimum standards, industry players also worry that more operators will exit market due to stiffer penalties.

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Hong Kong housing

Hong Kong presses ahead with plans to regulate notorious subdivided flats

Authorities plan to enforce proposed new laws from 2027 but registered landlords will benefit from a 36-month grace period until February 2030.

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The new regulatory proposal aims to govern the long-overdue notorious shoebox housing issue in Hong Kong. Photo: Eugene Lee
Sino Land Co

Buyers forfeit deposits on Grand Mayfair project after market slump

Buyers of 19 flats in Yuen Long project cancelled their contracts on Tuesday, project developers say.

Banking & finance

Greater China property, finance firms face rising distress: AlixPartners

Restructuring professionals expect more out-of-court restructurings and distressed M&As as alternatives to formal insolvency proceedings.

Hong Kong economy

Halt Lantau reclamation plan or risk Northern Metropolis bids: developers

Louis Loong, lawmaker and Real Estate Developers Association’s secretary general, says government cannot support both megaprojects concurrently.

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An artist impression of the three artificial islands near Kau Yi Chau in Lantau waters, previously known as Lantau Tomorrow. Photo: Handout
Interiors

Thailand? Indonesia? No – this rustic home is right here in Hong Kong

Hardwood HK custom built the interiors of this family home in the New Territories, creating an aesthetic reminiscent of Bali or Thailand.

The living room of the New Territories, Hong Kong, home designed by Hardwood HK. Photo: Eugene Chan
Retail properties

Michelin-listed Ancient Moon shuts during Hong Kong’s dining upheaval

The last day of operation of Ancient Moon in North Point is on July 19, according to its Instagram post.

First Mention

When the Hilton Hotel chain came to Hong Kong in the 1960s

The Post covered the arrival of the city’s first Hilton Hotel, from the announcement of plans to its demolition in 1994 by tycoon Li Ka-shing.

Hong Kong housing

Hong Kong’s shelved plan for 8,300 public flats to face 90% higher cost per home

Housing Bureau also says it expects an extra 10 months of construction due to site’s ‘complex geology’.

The Fanling Area 17 site spans about 5.47 hectares of both government and private land. Photo: Google Maps
Hong Kong economy

Hong Kong’s rent surge hits mainland students and professionals

University neighbourhoods like Hung Hom and Tseung Kwan O have seen steep increases in rents.

Ads see on the window of a property agency in Mong Kok. Photo: Elson Li
Hong Kong housing

Should Hong Kong hit luxury homeowners with heavier fines for illegal works?

Lawmaker warns HK$110,000 penalty for two property owners at luxury estate ‘not a good message’ for public.

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Investing

Hong Kong pop diva Karen Mok picks up HK$85 million luxury flat in Mid-Levels

That transaction reflects how wealthy investors are continuing to snap up luxury homes in Hong Kong at a bargain.

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