Property /

LUXE Homes

The exclusive Deep Water Bay development comprises 12 three-storey homes. Photo: Handout
Hong Kong property

US$44 million sale of Hong Kong luxury home linked to mainland Chinese investor

Deal involving buyer Xu Liusheng adds to a growing list of prime assets being snapped up following years of falling prices in Hong Kong.

Hong Kong property

Hong Kong hedge fund founder pays US$74.3 million for luxury Shouson Hill home

International Property

Australia draws mainland China, Hong Kong homebuyers amid stable policies, economy

Hong Kong property

Returning expats fuel Hong Kong’s luxury rental rebound, Savills says

High-end residential rents set to climb 3 to 5 per cent next year amid strengthened appeal of business and education sectors: consultancy.

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A view of 42A Plantation Road on The Peak, which rented for HK$1 million per month this year. Photo: Handout
A view of 42A Plantation Road on The Peak, which rented for HK$1 million per month this year. Photo: Handout
Hong Kong property

Wealthy mainland Chinese, Western expats drive Hong Kong luxury flat rentals

Trend reflects the positive impact of the city’s stock market rally and the government’s efforts to attract more affluent investors.

Hong Kong property

Former Alibaba head Zhang Yong joins Hong Kong’s upscale home buying spree

Upmarket deals hit a 10-month high as investor scheme draws buyers, with nearly 80 pricey purchases in first 20 days of October.

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Hong Kong property

The Peak home sold for US$140 million in Hong Kong’s top deal this year

1 Gough Hill Road on The Peak, refurbished from Bank of China’s guest house, sold for HK$1.088 billion on Tuesday, according to the register of first-hand sales.

The entrance to 1 Gough Hill Road. Photo: Google
The entrance to 1 Gough Hill Road. Photo: Google
Hong Kong property

Hong Kong luxury rents jump 8.6% to top Knight Frank’s global list

Rising rents attributed to demand from high-net-worth individuals moving to the city via the capital investment scheme.

Hong Kong property

Hong Kong prime property sees 14% price drop: Knight Frank

Guangzhou has the second-worst performance among 46 cities in the second quarter, followed by Toronto, according to a new study.

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Hong Kong property

Villa, luxury home sales rise in Hong Kong as the rich pounce on bargains

286 deals on homes valued at more than HK$500 million each were registered in the first half, a jump of 23.3 per cent from the same period last year, Centaline said.

Aerial view of the Mount Nicholson project, an upmarket enclave of luxury homes on the south side of Hong Kong Island on June 26, 2019. Photo: Martin Chan
Hong Kong property

1 in 388 Hong Kong homeowners has a net worth of more than US$30 million

The density of ultra-wealthy residents and second-home owners in Hong Kong was more than twice that of London.

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A view of high-rise residential and office buildings on Hong Kong Island. Photo: Shutterstock
A view of high-rise residential and office buildings on Hong Kong Island. Photo: Shutterstock
China property

Shanghai’s luxury property market thrives while mass housing segment deteriorates

More than 60 per cent of the 4,110 new homes in China priced above 30 million yuan were sold in Shanghai last year, according to CRIC data.

Hong Kong property

Outlook for Hong Kong’s high-end homes to brighten in 2025

Luxury property prices to rise as much as 5 per cent next year, with rents also set to increase by the same level, Ricacorp’s Derek Chan says.

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International Property

Dubai developers escalate efforts to sell properties to rich Chinese

Buyers are attracted to UAE city’s attractive rental yields and golden visa programme.

The Palm Jumeirah in Dubai. Photo: Agence France-Presse
China property

Shanghai, Shenzhen luxury home sales soar after historic stimulus package

Wealthy buyers snap up homes in prime locations amid renewed optimism driven by relaxed purchase restrictions and lower mortgage rates.

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Luxury property sales rose in Shanghai following the launch of China’s stimulus package. Photo: Xinhua
Luxury property sales rose in Shanghai following the launch of China’s stimulus package. Photo: Xinhua
China property

China’s ultra-rich are snatching up luxury homes for a rainy day

Wealthy homebuyers see opportunity for flats that cost more than US$14,000 per square metre in prime downtown areas after recent market correction.

International Property

Rents on global luxury homes cool in first quarter as Singapore drags market

Growth in rentals on luxury residential properties cooled last quarter, as policymakers took steps to rein in inflation. Sustained demand, however, will keep the market bullish this year, Knight Frank says.

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Hong Kong property

Chinese buyers return to Hong Kong’s luxury property market as activity picks up

Hong Kong’s luxury property segment is showing signs of a revival, with mainland buyers returning to the market. Analysts expect developers to ramp up supply amid increasing demand and lower rates ahead.

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An aerial view of Kerry Properties’ Mont Verra luxury residential project in Beacon Hill. Photo: Handout
An aerial view of Kerry Properties’ Mont Verra luxury residential project in Beacon Hill. Photo: Handout
Hong Kong property

Creditor seizes 2 Hong Kong mansions linked to Evergrande’s Hui Ka-yan

The seizure of the two properties on Black’s Link, The Peak, is another setback for the founder of China Evergrande, which faces a winding-up hearing in Hong Kong on December 4.

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Hong Kong property

Luxury home in landslide-hit Redhill Peninsula sells for half its 2017 price

A luxury home in the upscale district of Hong Kong where inspectors discovered dozens of suspected illegal structures in the wake of a recent landslide has sold for just over half what the owner paid for it six years ago, according to property agents.

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Hong Kong property

Hong Kong: crackdown on illegal structures set to cool demand for luxury homes

A crackdown on illegal structures in luxury homes is set to chill demand and prices in the market segment, analysts said. ‘Higher for longer’ borrowing costs are also at play, according to consultancy Knight Frank.

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Workers made emergency repairs to the slope at the Redhill Peninsula luxury estate in Tai Tam on September 16. Photo: Dickson Lee
Hong Kong property

Hong Kong luxury home market awaits return of affluent mainland Chinese buyers

The wait could take longer, according to analysts, as high borrowing costs and economic uncertainty continue to weigh on investors’ appetite for luxury flats in the city.

A bird’s-eye view of luxury flats and residential buildings along Mount Kellett Road at The Peak. Photo: SCMP
A bird’s-eye view of luxury flats and residential buildings along Mount Kellett Road at The Peak. Photo: SCMP
Hong Kong property

Chen Hongtian’s US$86 million Frank Gehry-designed Hong Kong flat put up for sale

The HK$680 million (US$86.72 million) flat in Opus Hong Kong in eastern Mid-Levels has been put up for sale by tender by the receivers, according to a statement by Savills, which said it had been appointed the sole agent for the deal.

International Property

Russians own US$10.7 billion of property in UK, says Aston Chase

New laws cracking down on ‘dirt money’ in response to Russia’s invasion of Ukraine will lead to a shift of wealth out of the UK capital, says the property agency.

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Hong Kong property

Who were the buyers of Hong Kong’s 5 priciest homes in 2021?

More record-breaking deals are expected in 2022, as developers tend to sell new luxury homes slowly to generate the highest price possible. Moreover, with the border with China expected to open in the new year, mainland buyers are expected to return to Hong Kong and drive up sales.

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Mount Nicholson clubhouse Photo: Wheelock
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