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Hong Kong housing
Hong Kong land sale
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Chow Tai Fook Enterprises chairman Henry Cheng Kar-shun: his family invests not merely for returns but also to provide social impact to the investee and the community. Photo: Jonathan Wong
Hong Kong property

Exclusive | Chow Tai Fook’s Henry Cheng reveals Hong Kong empire’s investment philosophy

In a rare media interaction, the chairman of New World Development’s parent company talks about his family’s unusual investment playbook.

China property

Hotel conversions gain traction in China’s office market amid high vacancies

Hong Kong property

Mainland Chinese buyers pour US$2 billion into Hong Kong super-luxury homes

Hong Kong property

SHKP sells all 229 Sierra Sea units on offer as buyers cautiously return

Last weekend, SHKP sold all 213 units on offer at the same project, underscoring that demand was returning to the market.

A view of Sun Hung Kai Properties’ residential development Sierra Sea, April 30, 2025. Photo: Edmond So
A view of Sun Hung Kai Properties’ residential development Sierra Sea, April 30, 2025. Photo: Edmond So
Hong Kong property

Hong Kong’s latest office landmark nearly full as segment upturn simmers

The Henderson has reached 90 per cent occupancy, as ‘the rental downcycle is nearing its end’, analyst says.

Hong Kong property

Hong Kong’s finance sector a ray of sunshine for city’s retail property segment

Financial services providers are emerging as a new force in the city’s retail property leasing space, analysts say.

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Hong Kong property

Hong Kong commercial property set for 10% rise in 2026, Colliers says

‘Measured recovery’ is in progress as mainland investment hits a half-decade high, consultancy says.

Workers clean the windows of a building in Tamar, with reflections of Wan Chai office towers reflected in the glass, on April 30, 2025. Photo: May Tse
Workers clean the windows of a building in Tamar, with reflections of Wan Chai office towers reflected in the glass, on April 30, 2025. Photo: May Tse
China property

Expect no ‘systemic shock’ from Vanke’s ‘technical default’: HSBC

Even an ‘aggressive’ haircut would pose limited downside risks to key developers, bank says.

Hong Kong property

Financial firm Ares doubles Hong Kong office footprint as outlook improves

Rents for prime offices in Central could rise up to 5 per cent, according to JLL, while Knight Frank expects a gain of as much as 8 per cent.

Retailing

Foreign, Hong Kong retailers shut mainland China stores amid fierce competition

High-profile store closures included those of Lane Crawford, Ikea, Triumph, Zara Home and Zara.

Lane Crawford plans to close its store in Chengdu after February 28. Photo: agirlaboutdesign.com
Hong Kong property

Hong Kong’s SHKP continues sell-out streak at Sierra Sea

Homebuyers snap up all 213 new flats on sale at Sierra Sea’s Phase 2A as of 9pm on Saturday.

Sun Hung Kai Properties’ deputy managing director Victor Lui (left) and real state agency general manager Allen Woo hold a banner marking the latest Sierra Sea sell-out. Photo: Handout
Sun Hung Kai Properties’ deputy managing director Victor Lui (left) and real state agency general manager Allen Woo hold a banner marking the latest Sierra Sea sell-out. Photo: Handout
Hong Kong property

Hong Kong politician Bunny Chan buys Stanley homes for US$40 million

Businessman and National People’s Congress deputy gets nine-unit property at a 44 per cent discount, says market has bottomed out.

China property

China Vanke offshore creditors face near wipeout in Barclays worst-case scenario

British bank warns recoveries could fall below 1 per cent as restructuring priorities and access to assets remain uncertain.

Hong Kong property

Hong Kong’s Sino Land and Great Eagle secure Kowloon site for US$206 million

Acquisition of 41,226 sq ft plot – which could yield 570 homes – reflects confidence in the property market’s recovery as sales rebound.

Sino Land says the site will benefit from an extensive transport network and strong connectivity to major commercial hubs. Photo: Jelly Tse
Hong Kong property

Hong Kong developers rush new flats as sentiment lifts, pressuring recovery

Wheelock and Kerry plan to roll out more than 4,500 units in 2026, even as analysts warn that inventory overhang may cap price gains.

Kerry Properties plans to launch more than 3,300 flats this year, including those at Lohas Park phase 13 in Tseung Kwan O. Photo: Handout
Kerry Properties plans to launch more than 3,300 flats this year, including those at Lohas Park phase 13 in Tseung Kwan O. Photo: Handout
Retailing

Furniture retailer Ikea to close 7 stores in China amid property market slump

The firm plans to open more than 10 small-format outlets in key cities over a two-year period.

China property

China’s developers diminish further amid unending property downturn

Only 10 developers manage to break US$14 billion in 2025 sales, down from 43 in 2020.

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Hong Kong property

Hong Kong office leasing rebound lifts outlook for 2026, but rents still subdued

Hong Kong’s office sector showed muted signs of life in 2025, although stabilisation will be the dominant theme of 2026.

One Causeway Bay at Causeway Bay. Alibaba Group Holding and Ant Group agreed to pay US$925 million to buy the top floors in October. Photo: Jonathan Wong
One Causeway Bay at Causeway Bay. Alibaba Group Holding and Ant Group agreed to pay US$925 million to buy the top floors in October. Photo: Jonathan Wong
China property

Property industry an enemy within for Beijing’s economic targets

Ripple effect from further downturn would threaten economic growth and put more developers, workers and even banks at risk, analysts warn.

Hong Kong

Hong Kong property market hits 4-year high in 2025 as sales top US$79 billion

December was the 10th consecutive month where new home transactions exceeded 1,500, the first time the trend was seen in more than 21 years.

Hong Kong property

CityU joins ranks of schools snapping up Hong Kong offices

University buys four-storey office block in Kowloon Tong for US$252 million from Singapore-based Mapletree.

Festival Walk’s low-rise office building offers about 214,000 sq ft of space. Photo: Handout
China’s private sector

Small restaurants in China starve as consumers suppress spending appetite

Per-capita spending per meal has dropped nearly 24 per cent since 2023, data provider says, as property slump sows uncertainty.

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A costumed man promotes restaurant specials in Beijing on December 2, 2025. Photo: AFP
A costumed man promotes restaurant specials in Beijing on December 2, 2025. Photo: AFP
China property

China housing market gets VAT relief on resales but demand outlook stays subdued

Policy lowering VAT to 3 per cent reduces seller costs but demand recovery is key to stabilising the housing sector, property agents say.

Hong Kong property

Exclusive | US anti-piracy firm Vobile buys top floor of Bank of America Tower at a discount

The Emmy-winning firm has bought the top floor of the US bank’s Admiralty office for US$25.4 million – more than 60 per cent below its peak.

Hong Kong property

Hong Kong’s SHKP nudges up prices on latest Sierra Sea flats on offer

Developer offers 148 units in Phase 2A of Sierra Sea development, expecting strong demand from homebuyers.

A general view of Sun Hung Kai Properties’ Sierra Sea residential development. Photo: Edmond So
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