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Nan Fung

The latest news, analysis and opinion on Nan Fung. In-depth analysis, industry insights and expert opinion.

Chairman / President

Antony Leung

CEO / Managing Director

Antony Leung

Industry

Real estate

Website

nanfung.com

Headquarters address

30/F, New World Tower, 16-18 Queen's Road Central, Hong Kong

Year founded

1954

The government projects that by mid-2036, the city will have 2.4 million elderly residents – around one-third of the population. Photo: Karma Lo

Banking & finance

Ageing Hong Kong opens new frontiers for insurers, pensions and cross-border care

As Hong Kong rapidly ages, more are buying insurance and pension products, while others are heading to the mainland for medical treatment.

9 Dec 2025 - 7:30AM

Hong Kong property

Hong Kong developers to feel earnings pain amid high vacancy rates: Moody’s

24 Oct 2024 - 6:32PMvideocam

Hong Kong property

A quarter of Hong Kong companies plan cuts in office space, survey shows

30 Jun 2024 - 3:00PM

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.

21 Jan 2024 - 3:51PMvideocam

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

Business of climate change

Colorifix to bring earth-friendly fabric-dyeing ink to China, Asean by 2025

UK biotech start-up Colorifix will focus on the textile markets in India and Sri Lanka next year, before making its entry into China and Southeast Asia, chief operating officer Christopher Hunter says.

8 Nov 2023 - 6:30PMvideocam

Business of climate change

Hongkong Land joins push to decarbonise the city’s office buildings

It is the latest developer to launch an initiative that forms part of an industry-wide decarbonisation push aimed at helping the city reach its climate targets.

5 Sep 2023 - 4:15PMvideocam

Business of climate change

Zara uses recycling tech backed by co-developer of some of Asia’s priciest homes

CEO of Circ, part of Nan Fung Group’s The Mills Fabrica incubator, says its technology addresses the largest waste stream in the textile industry.

1 Jun 2023 - 12:32PM

Shoppers walk past a Zara store, part of the Spanish group Inditex, in Las Palmas de Gran Canaria, Spain, on December 13, 2022. Photo: Reuters

Hong Kong property

Chinese tycoon’s daughter buys The Peak property for staggering US$82m

Lau Chauin, the daughter of the chairman of Heungkong Group, paid HK$140,800 (US$18,050) per square foot for a flat and three parking spaces in Mount Nicholson on The Peak.

14 Dec 2021 - 8:53PMvideocam

Hong Kong housing

Wheelock touts land sharing scheme proposal a ‘win-win’ solution for all

Private flats to be built under the Land Sharing Pilot Scheme will not necessarily cost more and is a ‘win-win’ solution for all stakeholders, managing director Ricky Wong says.

21 Sep 2021 - 7:48PMvideocam

Architecture and design

Co-working and retail complex The Mills Fabrica expands to London

Vanessa Cheung, the granddaughter of Hong Kong’s ‘King of Cotton Yarn’, took a warehouse in Tsuen Wan and turned it into a co-working, retail and arts space. Now she’s done the same in the UK capital.

17 Sep 2021 - 12:45PM

The Mills Fabrica London is a co-working and retail arts complex - just like the one in Hong Kong. Photo: Mariell Lind Hansen for The Mills Fabrica

Climate change

The Hong Kong fashion tech incubator looking to make industry sustainable

Nan Fung’s The Mills Fabrica provides a 12-month incubation programme for start-ups and invests in early stage companies that reduce waste along the fashion industry supply chain.

2 Jul 2021 - 11:07PMvideocam

Nan Fung Group’s innovation hub for the fashion industry in Tsuen Wan. Photo: Jonathan Wong

Hong Kong property

Hong Kong’s deluxe homes await China border opening for next leap

Individual and corporate real estate investors from the mainland had been the lifeblood that had sustained the eye-popping prices of Hong Kong’s property industry in the past decade, from multimillion dollar mansions to some of the world’s most expensive offices in marquee addresses in Central.

23 Jun 2021 - 8:26AM

Hong Kong property

Parking spot fetches US$1.3 million at Hong Kong’s Mount Nicholson

A car parking bay at the exclusive Mount Nicholson development on The Peak fetched over HK$10 million (US$1.3 million), smashing a world record set in 2019.

7 Jun 2021 - 3:49PMvideocam

Bitcoin

Fintech chief buys US$7.2 million Happy Valley flat as bitcoin soars

Hugh Douglas Madden, CEO of BC Tech Group, bought a 1,953 sq ft flat on the fourth floor of Winfield Building in Happy Valley.

12 Jul 2021 - 1:22PM

View of the Happy Valley Racecourse from the Winfield Building by Nan Fung Group. Photo: Handout

Hong Kong property

Hong Kong buyers snap up flats as stock market boom lifts mood

The strong sales at the two locations marked the return of Hong Kong’s property bull market, as investors and owner-occupiers alike took advantage of discounted prices and cheap mortgages to pick up assets, confident that the coronavirus pandemic may soon come under control.

6 Feb 2021 - 11:03PM

Buyers lining up for Skypoint Royale’s flat at the developer’s sales office at The Mira Hotel in Tsim Sha Tsui on February 6, 2021. Photo: Winson Wong

Hong Kong property

Hong Kong’s home buyers return in droves to seek shelter in assets

A second successful sales weekend this month is a boost for Hong Kong’s home market, which has been grappling to regain its footing amid a 6.1 per cent economic contraction in 2020.

30 Jan 2021 - 10:55PM

Wheelock Properties

Lukewarm response to Wheelock project sets tone for weekend sales

As many as 1,800 new homes could be sold in January, with buyers already snapping up 1,116 new flats in the first 28 days of the month.

30 Jan 2021 - 3:03AM

Hong Kong property

Buyers snap up Lohas Park’s LP10 flats in spring boom for Nan Fung

The strong response at LP10, following last weekend’s sell-out launch at Kai Tak, is a shot in the arm for the real estate industry.

23 Jan 2021 - 11:13PM

Buyers queuing for Nan Fung Group's LP10 (Lohas Park 10) flats at the developer’s sales office at Harbourside in Kowloon Bay on January 23, 2021. Photo: Dickson Lee

Hong Kong property

Hong Kong withdraws Tung Chung site, rents cut at Kai Tak tower

In the first signs of a slowdown in Hong Kong’s office property market, the city withdrew this year’s largest commercial site from tender, while Nan Fung lowered the asking rent for an office tower under construction by up to 20 per cent.

21 Oct 2020 - 11:12PMvideocam

Medicine

Hong Kong developer Nan Fung launches biosimilar joint venture

Hong Kong-based property developer Nan Fung deepened its diversification into health care with the announcement on Friday of a joint venture that will produce and sell in mainland China biosimilar versions of medicines used to treat arthritis and cancers.

19 Jul 2019 - 11:05PM

Hong Kong property

Hong Kong home builders ramp up sales as buyers cheer US-China ‘detente’

Buyers snapped up more than 700 new homes during weekend sales amid signs of an easing in Washington-Beijing tensions

3 Jul 2019 - 9:15AM

Wing Tai Properties released 229 units at its Oma Oma project in Kwun Tong on June 20, 2019. Photo: Jonathan Wong

The View

The View | Hong Kong’s new property tycoons face greater expectations

Victor Li, Adam Kwok and Adrian Cheng are among the inheritors of Hong Kong’s biggest property conglomerates, at a time when Hongkongers are demanding greater corporate social responsibility and better living solutions.

5 Jun 2019 - 10:27PM

Among the new generation of property tycoons are Martin Lee Ka-shing (left) and his brother Peter Lee Ka-kit, seen with their father Lee Shau-kee, seated, at Henderson Land Development’s annual general meeting on May 28. Photo: Robert Ng

Hong Kong property

Hong Kong’s homebuyers are back in droves as rates stay flat

Across the city, 607 flats were offered for open sale by four developers in Lohas Park, To Kwan Wan, Yau Tong and West Kowloon. Thousands of people queued for the 294 properties on offer at New World’s Artisan Garden.

24 Mar 2019 - 10:26AM

Hong Kong housing

Home sales flop as sentiments cool in Hong Kong’s property market

15 Oct 2018 - 10:38AM

Hong Kong property

Thousands in last-minute rush before super typhoon... for property

Enthusiasm high in hot property market despite large storm and recent downbeat investment sentiment

17 Sep 2018 - 3:57PM

Thousands of potential buyers line up at the sales launch of Nan Fung Development’s LP6 development in Tseung Kwan O on 15 September 2018, during the calm before Super Typhoon Mangkhut made landfall in Hong Kong. Photo: SCMP/ Edward Wong

Hong Kong property

Hong Kong buyers brave downpour to snap up Nan Fung’s LP6 flats

10 Sep 2018 - 11:21AM

Nan Fung Development's LP6 project in Lohas Park attracted long queues of buyers at Octa Tower in Kowloon Bay, who braved a thunderstorm to snap up the units on offer on 8 September 2018. Photo: SCMP/Edward Wong.

Hong Kong property

Developers set prices low as Hong Kong’s property rally wobbles

24 Aug 2018 - 8:17AM

Hong Kong property

Developers race to exploit Hong Kong vacancy tax loophole before it's closed

4 Aug 2018 - 11:20PM

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