https://www.scmp.com/rss/43/feed All the latest property market news from Hong Kong and China, advice on moving house, new homes, lettings and rentals search en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Peggy Ye Peggy Ye Hong Kong has significantly narrowed Dubai’s lead as the world’s top market for “super-prime” residential property in recent months, as rising conflict weighs on activity in the Middle East market, according to Knight Frank. Dubai retained first place for deals involving homes sold for US$10 million or more in the second quarter of the year, with 131 sales worth a combined US$2.17 billion, but the total value of those transactions fell 27 per cent compared with the previous quarter. Hong Kong,... https://www.scmp.com/business/markets/article/3368687/hong-kong-catching-dubai-super-prime-property-sales-amid-iran-war?utm_source=rss_feed https://www.scmp.com/business/markets/article/3368687/hong-kong-catching-dubai-super-prime-property-sales-amid-iran-war?utm_source=rss_feed Fri, 25 Sep 2026 01:00:22 +0000 Chris Tsang Chris Tsang With office vacancy rates in Kowloon East remaining high, the Planning Department has indicated it has “no objection” to a request by some developers for a commercial project in the area to be rezoned for residential development. A consortium comprising CSI Properties, Asia Standard International and Chongqing-born property tycoon Cheung Chung-kiu has submitted an application to the Town Planning Board to rezone Harbourside HQ – a grade A office building at 8 Lam Chak Street, Kowloon Bay, which... https://www.scmp.com/business/article/3368602/high-office-vacancy-rates-spur-bid-rezone-kowloon-east-site-residential-development?utm_source=rss_feed https://www.scmp.com/business/article/3368602/high-office-vacancy-rates-spur-bid-rezone-kowloon-east-site-residential-development?utm_source=rss_feed Thu, 24 Sep 2026 06:00:05 +0000 Peggy Ye Peggy Ye Foreign investors are starting to look again at mainland China’s commercial property market after years of retreat, drawn by sharply lower asset prices, wider yields and cheaper yuan financing, even though cross-border capital remains a small fraction of the overall market, analysts said. The shift did not yet amount to a broad return of foreign money, they added. Instead, some international investors were finding ways to participate through China’s domestic capital markets, using onshore... https://www.scmp.com/property/hong-kong-china/article/3368521/how-chinas-growing-reit-sector-giving-foreign-property-investors-route-back?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3368521/how-chinas-growing-reit-sector-giving-foreign-property-investors-route-back?utm_source=rss_feed Thu, 24 Sep 2026 00:00:10 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong has climbed one place in a list of the world’s most transparent real estate markets by property consultancy JLL and subsidiary LaSalle Investment Management, though it still trails regional peers Singapore and Japan in the rankings. The city secured 14th place in the latest edition of the Global Real Estate Transparency Index, a report released every two years. The new report covers 146 city markets in 88 countries and territories worldwide. The ranking was the highest of any market in... https://www.scmp.com/business/article/3368542/hong-kong-rises-property-market-transparency-rankings-trails-singapore-and-japan?utm_source=rss_feed https://www.scmp.com/business/article/3368542/hong-kong-rises-property-market-transparency-rankings-trails-singapore-and-japan?utm_source=rss_feed Wed, 23 Sep 2026 23:00:07 +0000 Chris Tsang Chris Tsang Digital financial service providers, including online brokerages and digital banks that used to trumpet their “zero-branch, fully online” models, have been opening physical stores across Hong Kong recently. Analysts described it as a strategic trend aimed at enhancing brand image and service quality to capture market share, but added that the impact on the city’s retail property market would be limited. Futu Securities International (Hong Kong) opened a new global headquarters at Pacific Place... https://www.scmp.com/business/article/3368474/physical-moves-online-financial-firms-unlikely-pump-property-market-analysts?utm_source=rss_feed https://www.scmp.com/business/article/3368474/physical-moves-online-financial-firms-unlikely-pump-property-market-analysts?utm_source=rss_feed Wed, 23 Sep 2026 07:00:05 +0000 Cheryl Arcibal Cheryl Arcibal Foreign investors continue to pile into Hong Kong’s commercial real estate, with a unit of online retail giant Amazon and Singapore-headquartered Shorea Capital among the latest to snap up assets, according to agents. Shorea won the tender for The Pemberton, a mixed office and retail property in Sheung Wan, for an undisclosed amount, Colliers said, underscoring Southeast Asian investors’ continuing robust demand for real estate assets in Hong Kong. Colliers was the lead agent and broker for the... https://www.scmp.com/business/article/3368331/amazon-and-shorea-capital-deals-underscore-foreign-interest-commercial-property?utm_source=rss_feed https://www.scmp.com/business/article/3368331/amazon-and-shorea-capital-deals-underscore-foreign-interest-commercial-property?utm_source=rss_feed Tue, 22 Sep 2026 10:00:06 +0000 Cheryl Arcibal Cheryl Arcibal New World Development (NWD) received the green light from the Shanghai Stock Exchange to spin off and list a Reit (real estate investment trust) on the bourse, according to the distressed developer controlled by one of Hong Kong’s wealthiest families. The expected offering size for the NWD C-Reit was about 3.82 billion yuan (US$570 million), from which the group’s estimated net proceeds would be 3.24 billion yuan, Hong Kong-based NWD said in a statement on Monday. The underlying assets of the... https://www.scmp.com/business/article/3368276/hong-kong-developer-new-world-gets-nod-spin-k11-shanghai-assets?utm_source=rss_feed https://www.scmp.com/business/article/3368276/hong-kong-developer-new-world-gets-nod-spin-k11-shanghai-assets?utm_source=rss_feed Mon, 21 Sep 2026 12:00:12 +0000 Cheryl Arcibal Cheryl Arcibal Late last month, an open tender for Hotel Cozi Harbour View in Kwun Tong was announced, with interested parties given until October 15 to submit bids. The 598-room hotel, located in Hong Kong’s eastern Kowloon Peninsula, a former industrial area, was taken over by Nanyang Commercial Bank for HK$1.87 billion (US$238.4 million) in 2025, with the bank now looking to dispose of the asset to the highest bidder. Just a week after the announcement of the tender, Nina Hospitality, one of the largest... https://www.scmp.com/business/article/3368207/once-worlds-most-visited-city-hong-kong-now-converts-hotels-student-dorms?utm_source=rss_feed https://www.scmp.com/business/article/3368207/once-worlds-most-visited-city-hong-kong-now-converts-hotels-student-dorms?utm_source=rss_feed Mon, 21 Sep 2026 07:00:06 +0000 Chris Tsang Chris Tsang Prices for properties near the new Huanggang Port are already soaring months ahead of the border crossing being put into operation, with many buyers attracted by the idea of a “dual-city lifestyle”, according to property agents. The new border facility, which is set to open before the end of the year, is expected to make crossing between Shenzhen and Hong Kong far quicker and more convenient, with plans for 24-hour operations, a “co-location arrangement” and a “joint inspection” clearance model... https://www.scmp.com/business/markets/article/3367987/housing-prices-surge-near-new-huanggang-port-buyers-eye-dual-city-lifestyle?utm_source=rss_feed https://www.scmp.com/business/markets/article/3367987/housing-prices-surge-near-new-huanggang-port-buyers-eye-dual-city-lifestyle?utm_source=rss_feed Sun, 20 Sep 2026 08:00:07 +0000 Daniel Ren Daniel Ren Property brokers in China’s major cities are expecting busier days as would-be homebuyers take a cue from a recent policy shift by Beijing aimed at reviving the slumbering real estate market. Some say they are being swamped by inquiries and are trying to seal as many deals as possible amid a recovery in confidence, while others are keeping their fingers crossed for more government stimulus to sustain the growing momentum. “Government support always holds the key to the performance of the home... https://www.scmp.com/business/china-business/article/3368009/will-fresh-incentives-give-chinas-housing-market-more-short-lived-rebound?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3368009/will-fresh-incentives-give-chinas-housing-market-more-short-lived-rebound?utm_source=rss_feed Sun, 20 Sep 2026 03:00:09 +0000 Cheryl Arcibal Cheryl Arcibal Nearly one-fifth of surveyed companies in the Asia-Pacific region believe wider adoption of artificial intelligence will reduce their real estate needs, a new study by CBRE has found. More than half – 56 per cent – held a neutral view, believing either that AI had no impact on office space demand or that it was too early to determine its effect, according to the property consultancy’s poll of corporate real estate executives in the region. The remaining 25 per cent said AI adoption would require... https://www.scmp.com/business/article/3367940/will-ai-adoption-shrink-office-space-asia-pacific-firms-are-fence-survey?utm_source=rss_feed https://www.scmp.com/business/article/3367940/will-ai-adoption-shrink-office-space-asia-pacific-firms-are-fence-survey?utm_source=rss_feed Fri, 18 Sep 2026 10:00:06 +0000 Peggy Ye,Chris Tsang Peggy Ye,Chris Tsang Hong Kong’s property market dodged an immediate hit from the Federal Reserve’s rate hike on Thursday as major local banks kept their prime rates unchanged, but another increase could puncture the market’s relatively fragile recovery, according to industry insiders. The Fed raised its benchmark rate by a quarter point at its latest meeting on Wednesday in the US, but HSBC and other major Hong Kong banks left their prime rates unchanged. The decision should have no immediate impact on the local... https://www.scmp.com/business/article/3367855/hong-kong-property-market-gets-reprieve-rates-position-remains-precarious?utm_source=rss_feed https://www.scmp.com/business/article/3367855/hong-kong-property-market-gets-reprieve-rates-position-remains-precarious?utm_source=rss_feed Thu, 17 Sep 2026 10:00:11 +0000 Cheryl Arcibal Cheryl Arcibal Southeast Asian investors have emerged as the largest non-local buyers of Hong Kong commercial property, led by Singapore-based capital, according to Savills. As of Tuesday, local and non-local investors – including those from mainland China – were behind an estimated HK$30.36 billion (US$3.87 billion) in transactions involving commercial property deals above HK$50 million in Hong Kong so far this year, data compiled by the property consultancy showed. Southeast Asian investors contributed... https://www.scmp.com/business/article/3367610/southeast-asian-buyers-emerge-top-non-local-investors-hong-kong-commercial-property?utm_source=rss_feed https://www.scmp.com/business/article/3367610/southeast-asian-buyers-emerge-top-non-local-investors-hong-kong-commercial-property?utm_source=rss_feed Wed, 16 Sep 2026 00:00:24 +0000 Chris Tsang Chris Tsang Commercial property prices in Hong Kong are likely to continue their downward spiral, as the market risks getting trapped in a “vicious cycle” of tighter bank lending and weakening demand, a property agency has warned. Banks in the city had adopted a more conservative approach towards approving mortgages for commercial properties over the past three years, introducing stricter approval standards and terms, said Eric Tso Tak-ming, chief vice-president at mReferral Mortgage Brokerage Services, at... https://www.scmp.com/business/banking-finance/article/3367633/hong-kong-commercial-property-downturn-worsen-amid-tightening-credit-agents?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3367633/hong-kong-commercial-property-downturn-worsen-amid-tightening-credit-agents?utm_source=rss_feed Tue, 15 Sep 2026 23:00:15 +0000 Chris Tsang Chris Tsang The outlook for shopping centres in Hong Kong is improving, and the business will thrive if operators use new stores and attractive events to counter locals’ fondness for cross-border shopping trips, according to the CEO of Hang Lung Properties. The company’s malls recorded growth in July, and business would be “even better” in the fourth quarter owing to a full pipeline of new shops preparing to open, said Weber Lo Wai-pak on the sidelines of an event on Monday. “Hong Kong shopping malls need... https://www.scmp.com/business/article/3367469/hong-kong-malls-see-gradual-recovery-new-stores-and-events-hang-lung-ceo?utm_source=rss_feed https://www.scmp.com/business/article/3367469/hong-kong-malls-see-gradual-recovery-new-stores-and-events-hang-lung-ceo?utm_source=rss_feed Mon, 14 Sep 2026 11:00:14 +0000 Chris Tsang Chris Tsang Hong Kong’s home prices will end the year 15 per cent higher than a year earlier, but still 16 per cent below their high-water mark in 2021, according to local property agency Midland Realty. Underpinning the positive forecast, the city’s banks were not likely to follow an increase in US interest rates by the Federal Reserve if one occurred this year, executives from the agency said at a press conference on Thursday. Dave Ma Tai-yeung, CEO of Midland (Residential), said that as the market... https://www.scmp.com/business/article/3367086/hong-kong-home-prices-headed-15-gain-year-midland-forecast-says?utm_source=rss_feed https://www.scmp.com/business/article/3367086/hong-kong-home-prices-headed-15-gain-year-midland-forecast-says?utm_source=rss_feed Thu, 10 Sep 2026 23:00:09 +0000 Peggy Ye,Cheryl Arcibal Peggy Ye,Cheryl Arcibal Sun Hung Kai Properties (SHKP), Hong Kong’s biggest developer by market capitalisation, reported its underlying profit for the year ending June rose 4.6 per cent to HK$22.85 billion (US$2.91 billion), excluding investment property revaluations. Meanwhile, its reported profit increased to HK$21.43 billion, backed by a HK$1.38 billion net revaluation gain versus a HK$742 million loss last year, according to its filing with the Hong Kong stock exchange on Thursday. “For the year under review, Hong... https://www.scmp.com/business/article/3367088/shkp-posts-46-profit-rise-amid-hong-kongs-property-recovery?utm_source=rss_feed https://www.scmp.com/business/article/3367088/shkp-posts-46-profit-rise-amid-hong-kongs-property-recovery?utm_source=rss_feed Thu, 10 Sep 2026 12:26:14 +0000 Cheryl Arcibal Cheryl Arcibal US investment firm Susquehanna International Group has agreed to lease more than 4,808 square metres (51,762 square feet) of office space at the Cheung Kong Center II, a prime office skyscraper developed by CK Asset Holdings in Hong Kong’s main business zone of Central, according to market sources. Neither Susquehanna nor CK Asset immediately replied to the South China Morning Post’s requests for comments. The new space would span three floors of the property, according to the... https://www.scmp.com/business/article/3366895/susquehanna-latest-pick-larger-office-space-hong-kongs-central-sources-say?utm_source=rss_feed https://www.scmp.com/business/article/3366895/susquehanna-latest-pick-larger-office-space-hong-kongs-central-sources-say?utm_source=rss_feed Wed, 09 Sep 2026 23:00:09 +0000 Zhu Wenqian,Peggy Ye Zhu Wenqian,Peggy Ye China’s Supreme People’s Court has issued the country’s first systematic judicial guidance governing bankruptcy proceedings for property developers, in an effort to end inconsistencies that have slowed disposals and deterred capital in recent years. The framework called for timely reorganisations of viable developers and prompt liquidations of those lacking sustainable value, according to a statement by the Supreme People’s Court on Monday. It also said asset-management companies and... https://www.scmp.com/business/article/3366807/chinese-court-guidance-aims-smooth-developer-bankruptcies-reassure-creditors?utm_source=rss_feed https://www.scmp.com/business/article/3366807/chinese-court-guidance-aims-smooth-developer-bankruptcies-reassure-creditors?utm_source=rss_feed Wed, 09 Sep 2026 03:00:07 +0000 Chris Tsang Chris Tsang The luxury Hong Kong flat once owned by Mandy Lieu – the former mistress of Macau gambling kingpin Alvin Chau Cheok-wa – has finally been sold at a steep loss for just over HK$81 million (US$10.3 million), according to market sources. The flat on the 38th floor of the Argenta development in Hong Kong’s Mid-Levels West changed hands on Monday for HK$81.2 million – a price that is over 10 per cent lower than the amount Lieu reportedly paid to acquire the property 12 years ago. Lieu, a renowned... https://www.scmp.com/business/article/3366825/macau-kingpins-former-love-nest-finally-sells-hk81m-cut-price-deal?utm_source=rss_feed https://www.scmp.com/business/article/3366825/macau-kingpins-former-love-nest-finally-sells-hk81m-cut-price-deal?utm_source=rss_feed Tue, 08 Sep 2026 23:00:16 +0000 Chris Tsang Chris Tsang Hong Kong singer, actor and model Jeffrey Ngai Tsun-sang recently moved into a luxury residence in Mid-Levels East with a monthly rent of HK$130,000 (US$16,581), highlighting strong demand in the high-end segment, according to market sources. The luxury residence was a duplex, where Ngai, 28, would be neighbours with his close friend singer-songwriter Ben Cheng Tsun-yin, known as Tyson Yoshi, the sources said. Joseph Yan, senior principal district sales director at Centaline Property, said that... https://www.scmp.com/business/article/3366673/hong-kong-celebrity-jeffrey-ngai-splashes-out-us16000-rental-home?utm_source=rss_feed https://www.scmp.com/business/article/3366673/hong-kong-celebrity-jeffrey-ngai-splashes-out-us16000-rental-home?utm_source=rss_feed Tue, 08 Sep 2026 01:00:14 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s bid to become a global education hub is likely to transform the sector as a sustainable source of property demand, with the city tipped to see around 200,000 non-local students by 2035, according to CBRE. The city’s international schools are estimated to require enormous additional real estate to accommodate nearly 30,000 to 40,000 non-local students, as the institutions would need to set up 40 to 50 new school campuses. This could mean up to an extra 1.11 million square metres (12... https://www.scmp.com/business/article/3366576/foreign-mainland-students-flock-hong-kong-sparking-property-demand-education-sector?utm_source=rss_feed https://www.scmp.com/business/article/3366576/foreign-mainland-students-flock-hong-kong-sparking-property-demand-education-sector?utm_source=rss_feed Tue, 08 Sep 2026 00:00:12 +0000 Peggy Ye Peggy Ye Hong Kong landlords and property industry figures are accusing banks of deepening the city’s shop slump by pulling back from commercial mortgages, leaving more potential buyers unable to secure financing even though property values have fallen sharply. Shop buyers were increasingly being turned away, even though Hong Kong’s residential market had gained momentum this year and banks were competing for mortgage borrowers, they said. Shih Wing-ching, founder of Centaline Property, said banks tended... https://www.scmp.com/business/article/3366652/hong-kong-landlords-accuse-banks-deepening-shop-slump-reluctance-lend?utm_source=rss_feed https://www.scmp.com/business/article/3366652/hong-kong-landlords-accuse-banks-deepening-shop-slump-reluctance-lend?utm_source=rss_feed Mon, 07 Sep 2026 11:00:09 +0000 Chris Tsang Chris Tsang A foreclosure sale in Hong Kong’s Lan Kwai Fong area and a cancelled shop transaction in North Point reflect the impact of weak consumer spending on Hong Kong’s retail property market, which will remain under pressure through the end of the year, according to analysts. The Lan Kwai Fong property, home of well-known bar Insomnia until it closed in 2024, recently changed hands for 60 per cent less than its value in a 2015 sale. Meanwhile, the deal for the large street shop on King’s Road in North... https://www.scmp.com/business/article/3366330/bargain-sale-collapsed-deal-reflect-hong-kongs-struggling-retail-property-market?utm_source=rss_feed https://www.scmp.com/business/article/3366330/bargain-sale-collapsed-deal-reflect-hong-kongs-struggling-retail-property-market?utm_source=rss_feed Fri, 04 Sep 2026 10:00:11 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s food and beverage (F&B) operators, both new and existing players, signed leases for 155,000 sq ft of new floor space in the second quarter of this year, a record high for the sector and more than double the amount registered in the first quarter, according to property consultancy CBRE. In the first half of the year, they snapped up 230,000 sq ft of new space, CBRE data showed. However, analysts said the city’s selective and narrow-based retailing recovery was forcing brands and... https://www.scmp.com/business/article/3366205/hordes-head-shenzhen-hong-kong-bars-restaurants-sign-more-floor-space?utm_source=rss_feed https://www.scmp.com/business/article/3366205/hordes-head-shenzhen-hong-kong-bars-restaurants-sign-more-floor-space?utm_source=rss_feed Thu, 03 Sep 2026 10:00:12 +0000 Peggy Ye Peggy Ye China’s new housing finance rules reduce the risk of buying a new home but analysts are not convinced they will be enough to tempt hesitant buyers still weighed down by falling prices and weak confidence. The changes are designed to reduce the risk in buying pre-sold homes. Mortgage funds for pre-sold homes will be released only after submission of the project completion filing, when the homes are certified as safe and ready to move in, rather than when the main structure is finished. The... https://www.scmp.com/business/article/3366121/chinas-new-home-finance-rules-reduce-buyer-risks-may-not-revive-market-analysts?utm_source=rss_feed https://www.scmp.com/business/article/3366121/chinas-new-home-finance-rules-reduce-buyer-risks-may-not-revive-market-analysts?utm_source=rss_feed Wed, 02 Sep 2026 23:00:13 +0000 Peggy Ye Peggy Ye A residential project previously managed by troubled Hong Kong developer Lofter Group is returning to the market under a new name, as its owners push to quickly sell the flats by courting mainland Chinese and longer-term investors with competitive prices. The 139-unit project at 1 Ki Lung Street in Mong Kok, formerly known as Upper Prince, has been renamed One Edward after its ownership group took over the development from Lofter. The relaunch could serve as a test case for the future of... https://www.scmp.com/business/article/3366038/lofter-saga-rumbles-mong-kok-project-renamed-owners-push-quick-sales?utm_source=rss_feed https://www.scmp.com/business/article/3366038/lofter-saga-rumbles-mong-kok-project-renamed-owners-push-quick-sales?utm_source=rss_feed Tue, 01 Sep 2026 23:53:01 +0000 Cheryl Arcibal Cheryl Arcibal From big banks to fashion brands, tenants are taking advantage of potential lower rents for retail space in Hong Kong’s prime areas as they utilise eye-catching locations to boost visibility towards customers, according to agents. HSBC is unveiling its first flagship branch at the Capitol Centre, which was previously occupied by fashion retailers such as Chanel, Victoria’s Secret and Forever 21, as the bank prepares to close two branches in one of the city’s top shopping areas, Causeway Bay. The... https://www.scmp.com/business/article/3365813/hot-property-big-banks-fashion-stores-seek-cheaper-eye-catching-hong-kong-retail?utm_source=rss_feed https://www.scmp.com/business/article/3365813/hot-property-big-banks-fashion-stores-seek-cheaper-eye-catching-hong-kong-retail?utm_source=rss_feed Mon, 31 Aug 2026 09:00:10 +0000 Cheryl Arcibal Cheryl Arcibal Financial distress in Hong Kong’s commercial property market has moderated but not been completely eliminated, analysts say, with highly leveraged asset owners still expected to find refinancing their loans a challenge. The city’s office and retail property segments have been mired in a multi-year slump, with new supply outstripping demand in recent years as consumption slowed and interest rates surged, triggering loan defaults. “We do not expect defaults will increase noticeably from this time... https://www.scmp.com/business/article/3365681/will-hong-kong-see-fewer-creditor-led-commercial-property-sales-assets-stabilise?utm_source=rss_feed https://www.scmp.com/business/article/3365681/will-hong-kong-see-fewer-creditor-led-commercial-property-sales-assets-stabilise?utm_source=rss_feed Sun, 30 Aug 2026 06:00:11 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s lived-in home prices fell 0.46 per cent in July, halting a 13-month upswing, according to the latest official data. The index tracking second-hand homes slipped to 321.5 in July from 323 in June, Rating and Valuation Department (RVD) data showed on Thursday. It was the first decline in 16 months, following a drop in April last year. Prices were flat that May, then climbed steadily for 13 months starting in June. “As residential property prices have increased by 7.3 per cent year to... https://www.scmp.com/business/article/3365479/hong-kong-home-prices-end-13-month-upswing-mainland-chinese-tax-fears-weigh-demand?utm_source=rss_feed https://www.scmp.com/business/article/3365479/hong-kong-home-prices-end-13-month-upswing-mainland-chinese-tax-fears-weigh-demand?utm_source=rss_feed Fri, 28 Aug 2026 00:00:16 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s growing number of expatriates is boosting the city’s residential property leasing market with luxury rents likely to rise by about 5 per cent this year and continue their upswing in 2027, according to property consultancy JLL. The private residential rental index by the Rating and Valuation Department had surged by 18.5 per cent as of June to 205.8 from the Covid-19 pandemic trough in January 2023, which was 173.6, marking the first sustained breach of the 200 threshold. “Hong Kong’s... https://www.scmp.com/business/article/3365263/more-expats-flock-hong-kong-luxury-home-rents-poised-further-upswing?utm_source=rss_feed https://www.scmp.com/business/article/3365263/more-expats-flock-hong-kong-luxury-home-rents-poised-further-upswing?utm_source=rss_feed Wed, 26 Aug 2026 04:00:08 +0000 Peggy Ye Peggy Ye Hong Kong has seen a string of cut-price deals for super-luxury homes in recent months, with financially pressured owners accepting eye-watering losses to exit the market even as demand for trophy homes remains strong. Among the latest examples is the sale of a Bel-Air luxury house for HK$138 million (US$17.6 million), about HK$37 million below the price the former owner paid for the property in 2018. The 3,792 sq ft house in Pok Fu Lam was bought for HK$175 million in 2018 by Shie Thomas,... https://www.scmp.com/business/article/3365228/super-rich-losing-millions-some-hong-kong-trophy-homes-sell-painful-discounts?utm_source=rss_feed https://www.scmp.com/business/article/3365228/super-rich-losing-millions-some-hong-kong-trophy-homes-sell-painful-discounts?utm_source=rss_feed Tue, 25 Aug 2026 23:00:12 +0000 Peggy Ye Peggy Ye Hong Kong’s housing rally faces a new test as investors who rode the first-half rebound become less active in quick-turn trades, leaving owner-occupiers and longer-term buyers to sustain the recovery. Secondary home prices have continued to rise, with Centaline’s leading index climbing 0.64 per cent to 162.16 on Friday, its highest level in three years. But the short-term trading that accelerated alongside the rebound has pulled back sharply: transactions involving homes held for less than a... https://www.scmp.com/business/article/3365005/hong-kong-housing-rally-faces-test-property-flippers-retreat?utm_source=rss_feed https://www.scmp.com/business/article/3365005/hong-kong-housing-rally-faces-test-property-flippers-retreat?utm_source=rss_feed Mon, 24 Aug 2026 23:00:12 +0000 Cheryl Arcibal Cheryl Arcibal A Hong Kong-listed educational group has completed the largest commercial property leasing deal so far this quarter, as the sector benefits from an influx of immigrant and expatriate families to the city, according to CBRE. The tenant agreed to occupy and transform the entire Tower B at the China Life Centre in Hung Hom, Kowloon into a purpose-built education complex spanning about 36,400 square feet, said Frederick Lai, senior director for capital markets at the property consultancy. “This... https://www.scmp.com/business/article/3365053/mainland-school-operator-leases-kowloon-tower-talent-influx-drives-citys-education-boom?utm_source=rss_feed https://www.scmp.com/business/article/3365053/mainland-school-operator-leases-kowloon-tower-talent-influx-drives-citys-education-boom?utm_source=rss_feed Mon, 24 Aug 2026 09:00:15 +0000 Peggy Ye Peggy Ye Hong Kong homebuyers are still willing to spend, and the sell-out of a major new development on Saturday showed how demand is increasingly concentrated in projects that offer clear value as the housing recovery enters a more mature phase. China Resources Land’s The Sterling in southwestern Kowloon, in Cheung Sha Wan, sold all 180 units offered in its first price-list batch, generating nearly HK$1.6 billion (US$204 million). The project received more than 46,000 subscriptions, or more than 254... https://www.scmp.com/business/article/3364978/hong-kong-homebuyers-snap-units-sterling-value-focused-demand-deepens?utm_source=rss_feed https://www.scmp.com/business/article/3364978/hong-kong-homebuyers-snap-units-sterling-value-focused-demand-deepens?utm_source=rss_feed Sun, 23 Aug 2026 23:00:13 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong is tipped to see more luxury home sales with expatriates increasingly choosing the city as their retirement base, drawn to its low-tax environment as well as business opportunities, according to analysts. “A huge influx of expats who used to live in Hong Kong are moving back with a long-term view to retirement,” said Victoria Allan, founder and CEO of Habitat Property. “Many expats who previously would have left to retire are staying and purchasing [property] for the first... https://www.scmp.com/business/article/3364547/huge-influx-expat-retirees-projected-drive-hong-kongs-premium-home-demand?utm_source=rss_feed https://www.scmp.com/business/article/3364547/huge-influx-expat-retirees-projected-drive-hong-kongs-premium-home-demand?utm_source=rss_feed Sun, 23 Aug 2026 08:00:09 +0000 Chris Tsang Chris Tsang For years, brownfield sites in Hong Kong’s New Territories have hosted a range of businesses looking for cheap space – from storage depots to recycling centres to scrapyards. Now, the massive Northern Metropolis project is forcing many of these brownfield tenants to relocate, lifting demand for floor space in industrial estates across the city. The wave of relocations had driven nearly 20 per cent of the new leases for industrial properties recorded so far this year, a major uplift that has... https://www.scmp.com/business/article/3364907/exodus-new-territories-brownfield-relieves-pressure-industrial-property-market?utm_source=rss_feed https://www.scmp.com/business/article/3364907/exodus-new-territories-brownfield-relieves-pressure-industrial-property-market?utm_source=rss_feed Sun, 23 Aug 2026 03:00:10 +0000 Daisy Wu Daisy Wu A court in southern China’s Guangdong province formally accepted a bankruptcy liquidation petition against China Evergrande Group’s main onshore unit, closing the final chapter in the unravelling of what was once the country’s largest property developer. The Guangzhou Intermediate People’s Court said on Friday that Guangzhou Rural Commercial Bank’s Huaxia branch met the legal criteria under the nation’s Enterprise Bankruptcy Law to force the Evergrande unit, Hengda Real Estate, into liquidation,... https://www.scmp.com/business/companies/article/3364786/chinese-court-accepts-evergrande-liquidation-petition-1-day-after-founders-life-sentence?utm_source=rss_feed https://www.scmp.com/business/companies/article/3364786/chinese-court-accepts-evergrande-liquidation-petition-1-day-after-founders-life-sentence?utm_source=rss_feed Fri, 21 Aug 2026 06:21:11 +0000 Peggy Ye Peggy Ye Hong Kong’s noncore office market is still plagued by high vacancy rates and weak investor demand, but owner-occupiers are taking advantage of the downturn to buy up office space at steep discounts. The latest example is the Estate Agents Authority (EAA), which agreed a deal earlier this month to buy an office at the OTB Building in Wan Chai for HK$70 million (US$8.93 million), according to Land Registry records. The 7,343 sq ft unit was bought for HK$9,533 per square foot – below the... https://www.scmp.com/business/article/3364675/hong-kong-buyers-hunt-bargains-citys-battered-noncore-office-market?utm_source=rss_feed https://www.scmp.com/business/article/3364675/hong-kong-buyers-hunt-bargains-citys-battered-noncore-office-market?utm_source=rss_feed Thu, 20 Aug 2026 23:00:06 +0000 Cheryl Arcibal Cheryl Arcibal Henderson Land Development, one of Hong Kong’s largest developers, reported a 66 per cent rise in its interim profit for the first half of the year following a strong run of property sales, according to its filing with the Hong Kong stock exchange on Thursday. The developer, controlled by the family of its late founder Lee Shau-kee, said its unaudited underlying profit attributable to equity shareholders had reached HK$5.07 billion (US$646 million) for the January to June period, up HK$2.02... https://www.scmp.com/business/article/3364717/henderson-land-posts-66-profit-surge-after-run-strong-sales?utm_source=rss_feed https://www.scmp.com/business/article/3364717/henderson-land-posts-66-profit-surge-after-run-strong-sales?utm_source=rss_feed Thu, 20 Aug 2026 11:59:34 +0000 Cheryl Arcibal Cheryl Arcibal Prudential Hong Kong has agreed to lease headquarters space at Swire Properties’ One Taikoo Place and One Island East, marking a notable expansion of its office footprint in the city, according to the developer. Under the agreement, the insurer will occupy a total of 83,000 sq ft across the two buildings, “reinforcing the company’s commitment to Hong Kong and Taikoo Place as its long-term headquarters”, said Swire Properties, one of Hong Kong’s largest commercial developers and landlords, in a... https://www.scmp.com/business/article/3364575/prudential-hong-kong-expands-headquarters-amid-beijings-intensified-wealth-oversight?utm_source=rss_feed https://www.scmp.com/business/article/3364575/prudential-hong-kong-expands-headquarters-amid-beijings-intensified-wealth-oversight?utm_source=rss_feed Wed, 19 Aug 2026 10:36:02 +0000 Peggy Ye Peggy Ye A North Point redevelopment site is being put on the market for HK$1.2 billion (US$153 million) after its owner, which spent years assembling the ageing property, warned that overhauling the site could result in losses of as much as 30 per cent. The sale offers a rare glimpse into the difficulties facing private developers in Hong Kong’s urban-renewal drive, where lengthy acquisition periods, financing costs and uncertain returns can undermine projects even as the residential market... https://www.scmp.com/business/article/3364462/after-years-macau-firm-opts-out-hong-kong-renewal-project-seeks-us153m-site?utm_source=rss_feed https://www.scmp.com/business/article/3364462/after-years-macau-firm-opts-out-hong-kong-renewal-project-seeks-us153m-site?utm_source=rss_feed Tue, 18 Aug 2026 23:00:07 +0000 Cheryl Arcibal Cheryl Arcibal The Hong Kong property market’s recovery is forecast to moderate in both prices and rents in the coming months as disruptions brought about by artificial intelligence, slower population inflows and other factors are likely to impact the upturn, according to UBS. The Swiss investment bank said that in addition to AI and slower population growth, the city’s residential market could also be affected by the deepening integration of the Greater Bay Area, as well as incoming supply of new homes in the... https://www.scmp.com/business/article/3364136/hong-kongs-property-market-recovery-running-out-gas-ubs-flags-four-risks?utm_source=rss_feed https://www.scmp.com/business/article/3364136/hong-kongs-property-market-recovery-running-out-gas-ubs-flags-four-risks?utm_source=rss_feed Mon, 17 Aug 2026 23:00:09 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong homebuyers flocked to the first batch of units at a major residential project in the Northern Metropolis with 44 – or more than half – of the 82 flats made available via regular sale finding buyers as of 7.30pm on Sunday, according to agents. Wheelock Properties’ Park Silicon project in Kwu Tung North also sold eight units via tender worth more than HK$78.43 million (US$9.99 million), the developer said. The units were among the 18 available via tender starting Sunday. The positive... https://www.scmp.com/business/article/3364205/launch-northern-metropolis-flats-attracts-strong-interest-hong-kong-homebuyers?utm_source=rss_feed https://www.scmp.com/business/article/3364205/launch-northern-metropolis-flats-attracts-strong-interest-hong-kong-homebuyers?utm_source=rss_feed Sun, 16 Aug 2026 23:30:08 +0000 Chris Tsang Chris Tsang Trapped between rising residential rents and the looming shadow of interest rate increases, Hong Kong homebuyers are revisiting that age-old dilemma when making decisions about housing: buy or rent? The Centa-City Rental Index (CRI), which reflects the rent of second-hand private residential properties in Hong Kong, has been rising throughout the year to 136.34 in July from 129.57 at the beginning of 2026, a cumulative increase of 5.2 per cent. “The rent is too high,” said Jimmy Lau, who works... https://www.scmp.com/property/hong-kong-china/article/3364088/buy-or-rent-hong-kong-homebuyers-face-age-old-housing-dilemma?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3364088/buy-or-rent-hong-kong-homebuyers-face-age-old-housing-dilemma?utm_source=rss_feed Sun, 16 Aug 2026 06:00:16 +0000 Daniel Ren Daniel Ren Sales of luxury homes in mainland China’s top cities are picking up as high-net-worth individuals, benefiting from the country’s tech boom, splash out billions of yuan to improve their housing. The buying binge has sparked expectations of a broad market recovery after a six-year property slump across the country, according to brokers. But analysts said such homes represented just a small portion of the mainland’s property industry, with increasing sales and higher prices not enough to turn the... https://www.scmp.com/business/china-business/article/3364087/luxury-home-sales-rebound-mainland-china-overall-market-recovery-unlikely-analysts?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3364087/luxury-home-sales-rebound-mainland-china-overall-market-recovery-unlikely-analysts?utm_source=rss_feed Sun, 16 Aug 2026 01:00:11 +0000 Zhu Wenqian Zhu Wenqian China’s first online gaming billionaire has acquired the Mia Hotel in downtown Shanghai in a deal worth about 220 million yuan (US$32.6 million), becoming one of the latest investors to bet on a turnaround in the country’s long-suffering property market. Chen Tianqiao – a reclusive entrepreneur known for his global investment portfolio – bought the hotel from Singapore-headquartered investment firm GLP at a below-market price, with analysts describing the deal as a “sound investment”. The... https://www.scmp.com/business/article/3364076/reclusive-chinese-billionaire-strikes-us33m-deal-take-over-shanghai-hotel?utm_source=rss_feed https://www.scmp.com/business/article/3364076/reclusive-chinese-billionaire-strikes-us33m-deal-take-over-shanghai-hotel?utm_source=rss_feed Sat, 15 Aug 2026 06:00:10 +0000 Cheryl Arcibal Cheryl Arcibal The arrival of BTS’s world tour in Hong Kong next year is expected to be a sure-fire hit with the city’s hospitality sector, with hotels likely to see a similar surge in bookings to the one experienced in Seoul earlier this year when the South Korean pop superstars launched their comeback series of concerts, according to analysts. When BTS kicked off their Arirang world tour – their first since completing mandatory military training – in the South Korean capital in April, local hotels recorded a... https://www.scmp.com/business/article/3363777/bts-bump-hong-kongs-hotels-set-bonanza-superstars-arirang-world-tour?utm_source=rss_feed https://www.scmp.com/business/article/3363777/bts-bump-hong-kongs-hotels-set-bonanza-superstars-arirang-world-tour?utm_source=rss_feed Wed, 12 Aug 2026 10:00:18 +0000 Peggy Ye Peggy Ye The recovery of Hong Kong’s property market could face a fresh test if Beijing’s expanding crackdown on offshore wealth extends beyond insurance returns to property income, potentially curbing demand from mainland China and adding pressure to decentralised office markets, according to analysts. The immediate issue is a reported 20 per cent personal income tax on certain returns earned by mainland residents from offshore assets, including gains from Hong Kong insurance policies. While the levy... https://www.scmp.com/business/article/3363634/hong-kong-property-recovery-faces-new-risk-china-widens-offshore-tax-net?utm_source=rss_feed https://www.scmp.com/business/article/3363634/hong-kong-property-recovery-faces-new-risk-china-widens-offshore-tax-net?utm_source=rss_feed Tue, 11 Aug 2026 23:51:55 +0000 Peggy Ye Peggy Ye Hong Kong developer Wharf (Holdings) is increasingly relying on Hong Kong’s luxury-home market to offset weakness in mainland China, while paring investments and building up cash as it navigates an uncertain outlook. Revenue from Wharf’s Hong Kong development properties nearly tripled to HK$1.35 billion (US$172 million) from HK$475 million in the first half, with operating profit rising more than fivefold to HK$166 million, according to its interim results announced on Tuesday. That helped... https://www.scmp.com/business/companies/article/3363671/wharf-firms-balance-sheet-hong-kong-home-sales-cushion-profit-slump?utm_source=rss_feed https://www.scmp.com/business/companies/article/3363671/wharf-firms-balance-sheet-hong-kong-home-sales-cushion-profit-slump?utm_source=rss_feed Tue, 11 Aug 2026 10:30:07 +0000