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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.
Fosun International chairman Guo Guangchang speaks Monday at the groundbreaking ceremony of a HK$10 billion residential project at the site of the Shaw Brothers studio in Clear Water Bay. Photo: Fosun
Hong Kong

Will Fosun’s luxury project revive Hong Kong’s Movietown magic?

Fosun Group begins HK$10 billion transformation of legendary studio, signalling confidence in Hong Kong’s property recovery.

Hong Kong housing

Exclusive | High ceiling to clear? First rectified subdivided flat to be approved soon

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Hong Kong housing

Exclusive | Bigger space, better living: what Northern Metropolis public flats have to offer

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Retailing

Xtep opens first Saucony store in Hong Kong, eyes more premium retail sites

Chinese sportswear group positions premium running brand in Hong Kong as improving market sentiment draws retailers back to prime sites.

A promotional installation at K11 for the opening of the Saucony store in Hong Kong. Photo: Handout
Property financing

Penthouse in Hong Kong’s Mid-Levels sells for US$48.5m, sets pricing benchmark

The record per square foot pricing for new homes this year highlights the growing momentum in the city’s luxury property market.

Office rental

Hong Kong prime office vacancy hits 7-month low on Central spillover demand

City’s prime office market shows recovery signs as Central nears full occupancy, boosting rentals and spillover demand in nearby districts.

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Hong Kong

Mainland Chinese mining boss snaps up Hong Kong home at US$28m receivership sale

Distressed Stanley property sold at steep discount, reflecting banks’ urgency to clear losses as mainland investors return to luxury market.

Properties in traditional luxury districts such as Stanley, Repulse Bay and The Peak continue to attract interest when offered at meaningful discounts. Photo: Shutterstock
Property financing

Creditors push to sell 2 Hong Kong hotels amid banks’ drive to cut losses

Dual-branded Sheraton complex heads for tender, with stricter capital rules pushing lenders to accept quicker disposals.

Millionaires, billionaires and trillionaires

What’s powering the rapid rise of Hong Kong’s ultra-wealthy class?

The city’s ultra-wealthy population jumped by more than 26 per cent in 2025 – roughly one super-rich individual for every 412 residents.

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Hong Kong

Hong Kong home sales cool off over Dragon Boat holiday ahead of new projects

Three-day holiday weekend and rising prices following a strong May performance are cited as factors leading to sales cooling off in June.

Home sales in Hong Kong over the three-day Dragon Boat Festival failed to make as much of a splash as these participants did following a race at the Aberdeen Promenade on Friday. Photo: Elson Li
Hong Kong economy

Hong Kong banks force sales of distressed commercial property to control losses

Banks are prioritising loss control over loan extensions, forcing some owners to sell assets, restructure debt or surrender control.

Shimao Group failed to find a buyer for the Sheraton Hong Kong Tung Chung Hotel even after slashing the asking price. Photo: Handout
Property financing

Pop star Eason Chan snaps up US$23m home as celebrities flock to luxury property

Agent listings show that the property, in Shouson Hill, has four rooms and a garden, with a saleable area of 2,801 sq ft.

Interest rates

Hong Kong property sales more measured as interest rate increase looms

Hong Kong Monetary Authority warns public to beware of interest rate uncertainties.

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Taiwan

Star turn for Hong Kong luxury housing as Richie Jen buys US$8.8 million flat

Market watchers say improving liquidity and strong mainland demand are helping revive transactions in Hong Kong’s luxury housing segment.

Hitting a high note. Mandopop star Richie Jen has bought a US$8.8 million luxury apartment in Repulse Bay as confidence returns to Hong Kong's high-end residential sector. Photo: Handout
Hong Kong housing

How 2 coming Hong Kong policies aim to promote subsidised flat turnover

Schemes, which launch in September, will allow owners to lease properties without paying a premium and offer elderly households flat-for-flat swaps.

A potential homebuyer looks at a scale model of a subsidised housing estate. Photo: Yik Yeung-man
Property financing

Hong Kong property tycoon Mico Chung sells US$13.4 million home on The Peak

Hong Kong’s luxury property market sees another big-ticket deal as a mansion on The Peak changes hands.

Property financing

Will Beijing’s tighter capital-control rules stall Hong Kong’s housing rebound?

Developers face a crucial test as Beijing’s capital clampdown intersects with Hong Kong’s recovering housing market.

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Property financing

Hong Kong developer Lai Sun seeks note swap in bid to ease liquidity pressure

Noteholders, if eligible, can swap their holdings for notes in US dollar denominations.

A view of the CCB Tower in Central. Photo: Nora Tam
Property financing

US$46.2 million penthouse sale in Mid-Levels sets a 2026 record

The sale at the luxury development is the highest price per square foot in a first-hand transaction so far this year.

Mainland China

Demand from mainland Chinese students lifts Hong Kong rents, draws investors

Upfront payments and rising demand near universities are pushing rents to record highs and turning starter homes into rental assets.

Artificial intelligence

Hong Kong office sector may boost investment to curb AI tenant loss: analysts

Landlords may need to refurbish or convert commercial real estate to better accommodate artificial intelligence technology, according to experts.

Hong Kong’s central business district. Photo: Sun Yeung
Hong Kong

Singaporean pays US$72m for home in Hong Kong’s most exclusive enclave

The former Wheelock family mansion is located in an elite waterfront community where new residents are vetted by existing owners.

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Shek O Country Club sits on land controlled by Shek O Development, a private company that leases the plots and oversees the community. Photo: Roy Issa
Property financing

Hong Kong developers rediscover pricing power amid firmer demand

Developers ‘no longer relying on discounted pricing to drive sales’, with popular projects recording double-digit increases, JLL says.

Hong Kong economy

Exclusive | Hong Kong tech park tender targets strong bidders with HK$100m bond rule

Industry leaders say HSITP requirement suggests ‘well-capitalised’ bidders being targeted to eliminate risk of stalled, abandoned projects.

Banking & finance

New York leads, but Asia-Pacific’s financial hubs are on the rise

The centre of gravity is shifting east in the financial services world, but New York remains the global benchmark, says Colliers report.

Singapore ranked third in a Colliers report on the world's leading financial centres, behind New York and London. Photo: AFP
Office rental

US fintech firm iCapital doubles prime office space in Hong Kong

Company leases a 9,000 sq ft space in One IFC in Central, with an eye towards doubling its staff amid rising demand for wealth services.

A general view of Central district and Victoria Harbour waterfront. 06OCT23 SCMP/Edmond So
Hong Kong

Singapore group deepens Hong Kong student housing push with tower purchase

Acquisition of 26-storey building highlights growing international appetite for city’s distressed assets as banks step up property disposals.

Hong Kong

Golden arches as McDonald’s sells another Hong Kong property

The restaurant chain continues to trim its retail portfolio across the city by disposing of a Quarry Bay shop for US$14 million.

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