Luxury property

Shanghai leads China's luxury property prices

Shanghai leads China's luxury property prices

This graphic, based on data provided by CRIC, shows that Shanghai continues to lead the country in average selling prices of luxury property projects throughout the first half of 2013.

Thursday, 12 September, 2013, 10:32am

Government measures take steam out of luxury property sector

A passer-by crosses a foot bridge in front of The Coronation, a luxury residential development built near a planned terminal for a high-speed train link to Beijing. Photo: Reuters

Government measures to curb runaway growth in Hong Kong property prices appear to be biting, particularly at the top end for luxury homes worth more than HK$10 million, according to Ricacorp Properties.

In the first half, luxury home sales have plunged to a four-year low to below 3,000 deals.

27 Jun 2013 - 3:53pm

More glass falls from luxury high-rises

Scaffolding surrounds the Soho38 window. Photo: Nora Tam

Panes of glass from two more luxury high-rise blocks have fallen off, with one crashing down onto the alfresco dining area of a SoHo restaurant, injuring one of its staff.

9 Jun 2013 - 6:27am

Strong bidding interest expected for luxury site in Ho Man Tin

The 83,033 sq ft site at the junction of Fat Kwong and Sheung Foo streets

The 83,033 sq ft site at the junction of Fat Kwong and Sheung Foo streets could fetch between HK$3.8 billion and HK$4.38 billion, according to four surveying firms polled by the South China Morning Post.

5 Jun 2013 - 4:40am

London luxury market takes a hit

A jogger on Wandsworth Bridge in London, where prices stumbled last month, particularly in the high-end market. Photo: Bloomberg

Luxury homes in central London had the smallest annual increase last month since December 2009 on a decline in the Knightsbridge area, the site of Christian Candy's One Hyde Park complex, Knight Frank said.

5 Jun 2013 - 4:40am

Mystery blast kills three in Manila

The walls of an apartment on the fifth floor were blown out. Photo: Xinhua

The blast on Friday night blew out the walls of an apartment on the fifth floor, sending a slab of concrete flying on to the street below and smashing into a delivery van. Its driver and two of his crew were crushed to death.

29 Aug 2013 - 4:13am

'Mr A' tries to halt disclosure of materials seized in corruption case

Former chief secretary  Rafael Hui Si-yan. Photo: Edward Wong

Hong Kong's biggest corruption case took a new twist when a man insisting on anonymity filed a legal bid to stop the prosecutors disclosing to the defendants materials seized from him.

14 Apr 2013 - 5:13am

Market for cheaper flats expected to recover faster than luxury segment

Pedestrians walk on a footbridge in front of a row of high-rise buildings under construction. Photo: AP

Sales of homes worth HK$20 million or higher froze over the weekend, but demand among first-home buyers stayed healthy despite higher property tax as they took advantage of discounts.

7 May 2015 - 12:48pm

Briefs, February 18, 2013

The top official overseeing anti-corruption efforts in Chongzhou, Sichuan, killed himself yesterday morning by jumping from his office in the headquarters of the city's prosecution department, an official from the prosecutors' office told the South China Morning Post. 

18 Feb 2013 - 4:57am

Tax will not hit sales this year, says Kerry

Kerry Real Estate Agency executive director Chu Ip-pui says most of its projects for sale this year target local buyers. Photo: Sam Tsang

Kerry Properties' three residential projects this year are unlikely to be hit by the new stamp duty, according to Chu Ip-pui, the executive director of Kerry Real Estate Agency.

7 Jan 2013 - 4:31am

Beijing's high-end property market continues to grow

Centrium Residence, a luxury property project developed by Hong Kong-based Socam Development in Beijing.

Stable demand from local luxury home buyers in Beijing may continue to help the capital city's top-end property market grow steadily this year despite the government's ongoing tightening measures.

2 Jan 2013 - 5:12am

SHKP trims luxuries at top end of town

SHKP, developer of The Wings residential project, is cutting back on "super luxury" features in its developments. Photo: Edward Wong

Sun Hung Kai Properties, Hong Kong's largest developer, will cut the number of "super luxury" features in its new projects as cashed-up buyers retreat following the introduction of the anti-speculation tax in late October.

28 Dec 2012 - 4:14am

Cheung Kong eyes bumper property sales in 2013

Justin Chiu Kwok-hung criticised analysts' One West Kowloon sales forecasts, saying they were not realistic given the flats cost more than HK$10 million each. Photo: Felix Wong

Cheung Kong (Holdings) expects to bank between HK$28 billion and HK$30 billion from property sales in 2013, higher than this year despite the market being clouded by growing uncertainty.

The projected property sales will be slightly more than this year's HK$27 billion on sales of 3,300 units, said executive director Justin Chiu Kwok-hung.

28 Dec 2012 - 4:14am

Scape house sale at HK$252m bucks sentiment

House No 8 has a lift, a five-car garage, a pool and a garden.

A Hong Kong buyer has bucked the real estate market's weak sentiment by splashing out for a detached house on the city's south side.

21 Dec 2012 - 4:25am

HK$2b bid wins Tseung Kwan O site for Wheelock

Construction in Tseung Kwan O. Photo: Dickson Lee

Wheelock Properties has won its second site in Tseung Kwan O with a bid of HK$1.97 billion.

14 Dec 2012 - 3:00am