A creditor of China Evergrande has seized two luxury houses on The Peak in Hong Kong linked to the developer’s founder Hui Ka-yan. Photo: Handout

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.

22 Nov 2023 - 4:48PM

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.

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.

30 Sep 2023 - 10:00AM

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.

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.

24 Sep 2023 - 4:16PM

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.

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.

10 Sep 2023 - 12:00PM

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.

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.

9 May 2023 - 8:31PM

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A Russian buyer recently bought a seven-bedroom home at Hamilton Terrace in St Johns Wood for 25 million pounds. Photo: Aston Chase

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.

1 Mar 2022 - 3:08PM

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.

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.

31 Dec 2021 - 1:30PM

Rising UK interest rates won’t lead to price drop anticipated by Hongkongers

Any interest rate hike in the United Kingdom is unlikely to have a significant impact on home prices, offering a limited upside for Hongkongers who are looking to move to Britain under the BN(O) scheme and buy property there, according to analysts and agents.

Any interest rate hike in the United Kingdom is unlikely to have a significant impact on home prices, offering a limited upside for Hongkongers who are looking to move to Britain under the BN(O) scheme and buy property there, according to analysts and agents.

17 Nov 2021 - 8:01AM

Singapore developer GuocoLand offers flats that double up as offices

As working from home goes mainstream amid the pandemic, a Singaporean developer has designed flats that enable owners to run an office from home.

As working from home goes mainstream amid the pandemic, a Singaporean developer has designed flats that enable owners to run an office from home.

10 Nov 2021 - 9:38AM

Hong Kong house prices fall by the most in nearly a year as buyers retreat

Lived-in homes prices fell 0.4 per cent in September, the most since October 2020, with market observers blaming the slump on weakening stock market sentiment.

Lived-in homes prices fell 0.4 per cent in September, the most since October 2020, with market observers blaming the slump on weakening stock market sentiment.

27 Oct 2021 - 11:12PM

Lantau’s popularity grows among bankers, lawyers as pilots desert island

Rents in Lantau have fallen by 10 to 15 per cent since the first quarter of last year as airline industry employees left in droves amid the downturn.

Rents in Lantau have fallen by 10 to 15 per cent since the first quarter of last year as airline industry employees left in droves amid the downturn.

27 Oct 2021 - 11:05AM

Hongkongers relocating to the UK are abandoning inner London homes

Hongkongers relocating to the UK are now buying property outside inner London, their preferred investment destination.

Hongkongers relocating to the UK are now buying property outside inner London, their preferred investment destination.

28 Oct 2021 - 10:57AM

Trudeau’s plan to stop foreigners buying Canadian homes may ‘create more panic’

Trudeau, who is seeking a third term as prime minister during next week’s federal election, pledged on the campaign trail to impose a two-year ban on foreigners from buying homes in Canada.

Trudeau, who is seeking a third term as prime minister during next week’s federal election, pledged on the campaign trail to impose a two-year ban on foreigners from buying homes in Canada.

22 Sep 2021 - 4:29PM

Thai developers to auction flats online in attempt to overcome supply glut

Thai developers are trying to trim their inventory of unsold flats by auctioning them online next month. It may interest Hongkongers planning to emigrate or seeking cheaper retirement homes.

Thai developers are trying to trim their inventory of unsold flats by auctioning them online next month. It may interest Hongkongers planning to emigrate or seeking cheaper retirement homes.

12 Sep 2021 - 3:17PM

Hong Kong expats among emigrant populations most likely to leave

Expats living in Hong Kong are among emigrants populations globally that are most likely to go back and buy property in their home countries, according to a survey conducted by property consultancy Knight Frank.

Expats living in Hong Kong are among emigrants populations globally that are most likely to go back and buy property in their home countries, according to a survey conducted by property consultancy Knight Frank.

26 Aug 2021 - 10:24AM

Supply of luxury Hong Kong homes to hit new high after demand more than doubles

The supply for luxury homes in Hong Kong’s ultra-exclusive neighbourhood of The Peak is likely to hit its highest level since 2016, after demand spurred sales of mansions and high-end flats in the district by more than double in the 12-month period ending in June, according to Colliers.

The supply for luxury homes in Hong Kong’s ultra-exclusive neighbourhood of The Peak is likely to hit its highest level since 2016, after demand spurred sales of mansions and high-end flats in the district by more than double in the 12-month period ending in June, according to Colliers.

23 Aug 2021 - 9:22PM

Super-rich Australians help Sydney emerge as hottest luxury homes market

The absence of foreign homebuyers – including those from China – has not prevented Sydney from copping the crown of being the world’s top prime property market, according to Knight Frank.

The absence of foreign homebuyers – including those from China – has not prevented Sydney from copping the crown of being the world’s top prime property market, according to Knight Frank.

24 Jul 2021 - 1:20PM

London homes of the rich and famous draw Hong Kong buyers

Astute investors from Hong Kong see them as a sound investment whose resale value is likely to be boosted by their celebrity associations, according to property agency Aston Chase.

Astute investors from Hong Kong see them as a sound investment whose resale value is likely to be boosted by their celebrity associations, according to property agency Aston Chase.

12 May 2021 - 12:41PM

Growth in Shenzhen luxury home prices beats Hong Kong, London and New York

The soaring prices in Shenzhen have started to limit the options for affluent Chinese looking to upgrade their living space.

The soaring prices in Shenzhen have started to limit the options for affluent Chinese looking to upgrade their living space.

7 May 2021 - 11:42PM

Hongkongers have bought US$1.3 billion worth of London homes since July

Between July 2020 and March 2021, Hongkongers bought 1,932 units or 4 per cent of London homes, according to Marc von Grundherr of Benham and Reeves.

Between July 2020 and March 2021, Hongkongers bought 1,932 units or 4 per cent of London homes, according to Marc von Grundherr of Benham and Reeves.

4 Jun 2021 - 9:50PM