https://www.scmp.com/rss/78537/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Peggy Ye Peggy Ye Hong Kong’s de facto central bank said on Thursday it will allow most second-hand residential property transactions to be settled through direct bank transfers, giving homebuyers and sellers a faster and safer alternative to cheque-based payments. The Hong Kong Monetary Authority said the expanded Payment Arrangements for Property Transactions (PAPT) scheme would take effect on February 28, covering the bulk of resale home deals in the city. The announcement was made jointly with the Hong Kong... https://www.scmp.com/business/article/3342543/faster-and-safer-hong-kong-allow-resale-home-payments-through-direct-bank-transfers?utm_source=rss_feed https://www.scmp.com/business/article/3342543/faster-and-safer-hong-kong-allow-resale-home-payments-through-direct-bank-transfers?utm_source=rss_feed Thu, 05 Feb 2026 11:46:03 +0000 Julie Zhang Julie Zhang Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, sold all 350 units released on Sunday in its Sierra Sea project, marking a fifth consecutive sell-out and underscoring returning buyer appetite in the world’s most expensive property market. The batch at phase 2B included 244 two-bedroom and 106 three-bedroom units, with discounted prices ranging from HK$4.6 million (US$590,000) to HK$9.74 million, according to sales documents released on Wednesday. The... https://www.scmp.com/business/companies/article/3341986/hong-kongs-shkp-rolls-out-350-sierra-sea-flats-after-sell-outs-worlds-priciest-market?utm_source=rss_feed https://www.scmp.com/business/companies/article/3341986/hong-kongs-shkp-rolls-out-350-sierra-sea-flats-after-sell-outs-worlds-priciest-market?utm_source=rss_feed Sun, 01 Feb 2026 09:00:12 +0000 Sun Hung Kai Properties won a residential parcel in Tai Po for a higher-than-expected HK$6.31 billion (US$804 million) on Friday, its second successful government land tender in a month. The price translates to HK$6,646 per square foot, 69 per cent higher than the previous site in the area which sold for HK$3,932 per square foot in 2016 to Sino Land but still 8.8 per cent lower than the peak of HK$7,284 per square foot paid by Sino Land in 2009 for the site now home to Mayfair by The Sea II. “We... https://www.scmp.com/property/hong-kong-china/article/2186366/sun-hung-kai-properties-wins-tai-po-land-parcel-auction?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2186366/sun-hung-kai-properties-wins-tai-po-land-parcel-auction?utm_source=rss_feed Fri, 15 Feb 2019 11:00:22 +0000 In Hong Kong, housing prices are a constant topic in the media, on social networks and among professional pundits. Yet, when it comes to predicting its future movement, no one seems to be sure who to believe. By August 2018, it had been on rising streak for 28 months. Then there were signs of a correction beginning to emerge. By November, it had dropped 3.6 per cent month on month. But prices still rose 3.9 per cent over the whole 11-month period last year. One would be forgiven for not knowing... https://www.scmp.com/property/hong-kong-china/article/2183030/indicator-has-proven-be-accurate-gauge-hong-kong-house?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2183030/indicator-has-proven-be-accurate-gauge-hong-kong-house?utm_source=rss_feed Tue, 22 Jan 2019 02:00:00 +0000 When it comes to property investing, the most important variable to keep in mind is timing, even as intangibles such as the government’s ability to apply cooling measures have complicated the task, according to Vivien Chan, founder and chairman of V Group. Chan, who is also the former chairman of Estate Agents Authority, said investors can benefit from sensing when the government will lean against what they perceive as an overheated property market by applying cooling measures such as a special... https://www.scmp.com/property/hong-kong-china/article/2103977/vivien-chan-queen-service-apartments-says-timing-key?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2103977/vivien-chan-queen-service-apartments-says-timing-key?utm_source=rss_feed Tue, 25 Jul 2017 03:55:13 +0000