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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.
By the end of 2024, the total vacant floor area of private commercial buildings was 1.4 million square metres, according to a government report. Photo: Jelly Tse
Hong Kong economy

‘Sheer delusion’ for Hong Kong landlords to refuse to cut rents: CY Leung

‘If someone tries to go against the tide … he will become the victim at the end of the day,’ ex-leader says.

Property financing

SHKP Tuen Mun project sells out, signalling rebound in property market

Hong Kong

Hong Kong property market ‘fundamentally sound’ amid 7-month sales high

Property financing

Emperor’s financial struggle mirrors current state of Hong Kong real estate

Group controlled by tycoon Albert Yeung is struggling with debts of HK$16.6 billion, while losses have more than doubled to HK$4.74 billion.

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Emperor International owns retail properties on Russell Street. This picture taken in November 2018 shows Italian lingerie maker La Perla occupying one of the company’s shops. Photo: Dickson Lee
Building a new legacy

One Causeway Bay’s historical waterfront site on Hong Kong Island meets future of work head-on

The tenant mix will reflect the growing number of multinational and financial service companies expanding in the neighbourhood.

In partnership with:
One Causeway Bay
Hong Kong

Emperor’s US$2 billion debt woes reflect Hong Kong’s property market risks

Emperor International struggles with US$2.1 billion debt, as JPMorgan notes deteriorating risk profile among small, medium-sized developers.

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Hong Kong Monetary Authority (HKMA)

Hong Kong mortgage loans hit 12-month high of US$3.4 billion

Refinancing loans drive the increase, rising 33.7 per cent to HK$3 billion, the Hong Kong Monetary Authority says.

A view of Cheung Sha Wan on May 28, 2025. Photo: Eugene Lee
Banking & finance

Adrian Cheng leaves New World after securing funding lifeline

The package will ‘allow the group more flexibility to better manage its expected ongoing business and financial needs,’ NWD says.

Property financing

Rebound in Hong Kong’s home prices unlikely to come this year: analysts

Analysts say a supply overhang in the city’s residential real estate market is likely to loom this year and next.

Property investment

High-end office properties in Causeway Bay to lure major global tenants: JLL

‘Trophy buildings with large floor plates in Causeway Bay will be the new focus of the market and will draw more tenants,’ JLL says.

Paul Yien, the executive director for office leasing advisory at JLL. Photo: Handout
Hong Kong economy

Editorial | High marks for Hong Kong’s hotels as student accommodation

A pilot scheme to be launched next month is worth pursuing to ensure the city makes the grade as an education hub.

General view of Urbanwood Hotel in Hung Hom. Photo: Jelly Tse
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

New World reaches sales goal thanks in part to success of Deep Water Pavilia project in Wong Chuk Hang.

Hong Kong

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

Receivers hand over Hong Kong Island asset to buyer with ties to Agile’s mezzanine lender, records show.

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Agile surrendered the Hong Kong sites to its mezzanine lender after a default amid China’s housing crisis. Photo: AFP
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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