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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.
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China Personalities

Heart attack kills China ‘century baby’ born at midnight on January 1, 2000 at 25

China’s so-called century baby, who was born at midnight on January 1, 2000, has died from a heart attack at the age of 25. Photo: SCMP composite/Douyin/Sohu

Science

Comac C949: China unveils quiet supersonic jet with ultra-long range

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Chinese aerospace giant Comac has revealed the first glimpse of its quiet supersonic airliner C949. Photo: Comac

Society

Hong Kong to allow permanent residents as young as 7 to use e-channel service

Passengers at the arrival hall of the Hong Kong-Zhuhai-Macau bridge checkpoint in Macau. Photo: Dickson Lee

Hong Kong Economy

Hong Kong group ‘will not sign Panama deal next week’, Beijing to launch probe

The sale of CK Hutchison’s two ports at each end of the Panama Canal were part of a US$23 billion deal that will leave the company pocketing US$19 billion in cash. Photo: Reuters

China Economy

Home-grown CJ-1000 engine to soon be tested on China’s C919 passenger jet

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A China Eastern Airlines C919 at Hong Kong International Airport in January. Photo: Eugene Lee
A man walks past a real estate agency in Causeway Bay in January 2025. Photo: Antony Dickson
Property financing

Hong Kong’s home prices fall towards decade low on interest rate, tariff pain

Secondary home prices have declined by a cumulative 27 per cent since January 2022, according to government data.

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Hong Kong housing

Hong Kong eyes ‘pay for what you build’ approach for developers adjusting leases

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Architecture and design

Works by Tracey Emin and Hilarie Hon grace this designer’s Hong Kong home

Hong Kong housing

Editorial | Hong Kong’s public housing is for those most in need

Hong Kong cracks down on abuse of subsidised flats by tightening rules and raising rents for residents who can afford to pay more.

A public housing estate in Wong Tai Sin. Nearly 1,200 of the most well-off tenants in Hong Kong’s public rental flats will be forced out in four years’ time even if they are willing to pay higher rents, in a proposal by the Housing Bureau aiming to tackle abuse of public resources. Photo: Nora Tam
Hong Kong

Hong Kong’s battered retail sector about to turn around: UBS, JLL

UBS revises its 2025 forecast to flat from a 5 per cent decline, while JLL sees signs of stabilisation as Shenzhen shopping craze cools.

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

Call made after authorities announce plan to raise rent and evict wealthier tenants from public rental flats.

Under the Home Ownership Scheme, 40 per cent of subsidised flats are reserved for households with elderly members and families with newborns. Photo: Nora Tam
Hong Kong

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

The city has 15 million sq ft of excess office space, more than all the current space in the main business district.

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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.

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.

The first batch of well-off tenants expected to move out as a result of the measures will do so by October 2029 at the earliest, according to a Housing Authority member. Photo: Jonathan Wong
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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As of the end of August 2024, there were about 43 800 well-off tenants, accounting for about 5.4 per cent of the total public rental households. Photo: Eugene Lee
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.

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.

A subdivided flat in Sham Shui Po. Photo: Eugene Lee
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.

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.

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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.

Lee Shau-kee, a celebrated businessman and philanthopist in Hong Kong, died aged 97 on Monday. Photo: SCMP
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.

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.

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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Chairman Lee Shau-kee attends the Towngas 2010 Annual General Meeting. Photo: Jonathan Wong
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.

Gale Well Group vice-chairman and CEO Jacinto Tong Man-leung, pictured at his office in Wan Chai on February 25, 2025. Photo: Jonathan Wong
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.

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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Mainland tourists are seen in Tsim Sha Tsui. Hong Kong’s retail sales fell 7.3 per cent last year. Photo: Yik Yeung-man
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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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.

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