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

Hong Kong housing

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

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Investing

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

New World Development

Hong Kong homebuyers snap up all Deep Water Pavilia flats on offer this weekend

As of 4pm, all 138 flats on offer at the New World-led luxury residential project in Wong Chuk Hang were sold out.

Prospective homebuyers huddle outside the sales office of Deep Water Pavilia at K11 Atelier in Quarry Bay on Saturday. Photo: Edmond So
Office rental

Jane Street to pay US$3.9m a month in record Hong Kong office lease

The trading firm takes a 223,000 sq ft space in one of the largest leasing transactions in Central in decades.

Hong Kong housing

Hong Kong Urban Renewal Authority eyes Middle East, Europe investors for bonds

Retiring boss Wai Chi-sing says URA will issue bonds this year and has introduced its work to investors in Europe, Middle East and Singapore.

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Sun Hung Kai Properties

Indebted owner’s luxury property on The Peak on sale at 30% discount

A mansion in Twelve Peaks at 12 Mount Kellett Road is on sale for HK$330 million (US$42 million), down from HK$450 million six years ago.

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Twelve Peaks at 12 Mount Kellett Road has been developed by Sun Hung Kai Properties. Photo: Xiaomei Chen
New World Development

Debt crunch at NWD stokes downside risk in Hong Kong home prices, S&P says

Decision to defer coupon payments on four series of perpetual bonds threatens a bigger drop in home prices, rating firm says.

Architecture and design

Is wood the next ‘quiet luxury’ trend for Hong Kong homes?

Whether it’s a colonial touch or traditional Chinese-style architecture you seek, ever-versatile timber’s your answer.

Hong Kong

First flats in NWD-led Deep Water Pavilia go on sale on Saturday

Prospective buyers have submitted 2,500 cheques for 138 flats priced at an average of US$2,680 per square foot.

NWD owns 50 per cent of the Deep Water Pavilia project, which it has co-developed with Empire Group, CSI Properties, Lai Sun Development and MTR Corp. Photo: Handout
Architecture and design

Quiet 900 sq ft Kowloon Tong retreat just what the doctors ordered

Apartment blends comfort and clever bespoke solutions to create just what a couple with unpredictable schedules need.

Interior designer Joyce Taufer has created as a quiet retreat for medical doctors Jade Li and Stanton Ho. Photo: John Sumang
Hong Kong economy

The View | Hibor plunge a bigger deal for stock market than Hong Kong’s property sector

The decline in the city’s interbank offered rates should be good news for the real estate sector but its underlying problems remain acute.

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Hong Kong housing

Better harbourfront access among Hong Kong urban renewal body’s plans for site

Managing director reveals more details about one of two plots granted by government to help cash-strapped URA.

China property

The future of retirement for wealthy Hongkongers could be this Zhuhai community

HN Group’s Serensia Woods, a 135,000-square-metre retirement community, is catering to Hong Kong’s ageing population with flats starting at HK$10 million.

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Serensia Woods, a 13,500-square-metre retirement community in Zhuhai’s Hengqin island, includes a 133-room hotel, four residential towers, four wellness centre towers and a spa centre. Photo: Handout
Editor's Letter

This week in PostMag: a queer-friendly football team, Innsbruck and Michelin

Discover what belonging means through a London football team for the Asian diaspora; how lone Michelin-starred restaurants operate in Thailand; and more.

A Baes FC player in Weavers Fields, Bethnal Green in East London, features on the cover of this week’s print edition. Photo: Bella Galliano-Hale
Hong Kong housing

Hong Kong approves land grants to cash-strapped urban renewal body in rare move

Statutory body handed Hung Hom and Tseung Kwan O sites to support redevelopment projects, with a condition to review its financing model.

Hong Kong

NWD and partners set record-low price for Southside Hong Kong flats

The sale will provide some relief for the cash-strapped developer, which last week postponed interest payments on US$3.4 billion in bonds.

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Foreign exchange market

Hong Kong housing market bound for gradual recovery: analyst

Prices set to rise by 3 per cent in the next six months, followed by 5 per cent increases in the next two years, Bocom International says.

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A view of the Pano Harbour project by China Resources Land (Overseas) and Poly Property, in Hong Kong’s Kai Tak area, on February 23, 2025. Photo: Edmond So
Hong Kong

Hong Kong’s real estate market cooled in May, with deals slumping to 3-month low

Transactions fall 11 per cent from a month earlier to 6,442, while value eases 0.5 per cent to US$6.3 billion, according to Land Registry.

Retail properties

Exclusive | Hong Kong McDonald’s spot close to topping London as world’s busiest

The Admiralty Centre outlet serves more than 1,000 customers an hour during peak periods, putting it on a path to surpass the Liverpool Street branch.

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China property

Hong Kong’s Link takes rental hits amid fight to retain retail tenants

Manager of Link Reit expects more rent pressure at home, while Singapore and Australia assets perform well.

The interior of Qibao Vanke Plaza in Shanghai, a Link Reit retail property. Photo: Handout
Property investment

Hong Kong’s veteran investors face the heat in sinking property market

Falling property values have forced some of Hong Kong’s wealthiest investors to part ways with prized assets.

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A view of the Hong Kong skyline from The Peak. Photo: Jonathan Wong
Property policies

Tepid sales at Uni Residence as competition heats up in new home market

The project in Tai Wai sold just 60 per cent of flats on offer on the first day of sale, as rival developers compete for buyers’ interest.

Mainland China

NWD-led group gets US$166 million from home sales in Hong Kong Southern district

Buyers include people from The Peak, the Southern district, Kowloon, as well as affluent individuals from mainland China and overseas.

Asia housing and property

HKEX chairman Carlson Tong sells Pok Fu Lam luxury home for US$9 million

The four-bedroom house at Villa Cecil fetched around three times the investment in 2000.

Carlson Tong Ka-shing, chairman of Hong Kong Exchanges and Clearing. Photo: Edmond So
Hong Kong housing

Architect takes helm of Hong Kong’s cash-strapped URA amid mounting challenges

Veteran architect Donald Choi tasked with effectively handling the issues of building decay, as well as the organisation’s financial sustainability.

Veteran property specialist Donald Choi, who has been appointed as the new managing director of the Urban Renewal Authority. Photo: Xiaomei Chen
Property investment

After selling homes on The Peak, Ho Shung-pun family puts building on the block

The five-storey building, located at 18 Bute Street in Mong Kok, was acquired in 1971 for HK$420,000.

Asia housing and property

Tung Chee-hwa’s sister buys US$15 million Mid-Levels flat at 8.5% discount

The Mid-Levels property deal comes as celebrities, tycoons and other wealthy investors snap up luxury homes at depressed prices.

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