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.
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.
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.
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.
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.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
