https://www.scmp.com/rss/271290/feed Latest news and analysis about Hong Kong’s property industry, including sales, market outlook, policies, products and the performance of developers. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Peggy Ye Peggy Ye Jardine Matheson is giving up its remaining office space in FWD Tower at Taikoo Place and plans to relocate staff back to Jardine House in Central as part of operational consolidation, sources said. The move reflects a wider trend of companies consolidating into the core district, where demand for premium office space has been strengthening. The group’s primary office at Jardine House, part of its own property portfolio, “is now undergoing renovations to create a modern workspace that will... https://www.scmp.com/business/companies/article/3349602/jardine-matheson-exit-swires-taikoo-place-consolidate-offices-central-sources?utm_source=rss_feed https://www.scmp.com/business/companies/article/3349602/jardine-matheson-exit-swires-taikoo-place-consolidate-offices-central-sources?utm_source=rss_feed Fri, 10 Apr 2026 04:05:07 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong developers are preparing to launch nearly 1,300 units in the coming days and weeks, with some edging up prices amid improving homebuying sentiment. On Sunday, 261 units at La Mirabelle I will be released, with average prices ranging from HK$15,335 (US$1,958) to HK$19,613 per square foot after discounts of up to 15 per cent, according to Sino Land, one of the project’s developers. The pricing marks a 1 per cent increase on the previous batch, which Sino said reflected the quality of the... https://www.scmp.com/business/article/3349556/hong-kong-developers-roll-out-1300-homes-prices-edge-firmer-demand?utm_source=rss_feed https://www.scmp.com/business/article/3349556/hong-kong-developers-roll-out-1300-homes-prices-edge-firmer-demand?utm_source=rss_feed Thu, 09 Apr 2026 23:00:09 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong homebuyers flocked to the second round of new flat sales at the La Mirabelle I project in Tseung Kwan O on Tuesday, underscoring continuing demand for property amid escalating tensions in the Middle East. Of the 168 units offered via a price list, 152 had been sold as of 6.40pm, according to Sino Land. A further 86 flats were made available by tender. Sino is one of the project’s co-developers. The launch generated more than HK$1.1 billion (US$140 million) in revenue, the developer... https://www.scmp.com/business/article/3349223/hong-kong-property-launch-sees-brisk-sales-buyers-unfazed-trumps-iran-warning?utm_source=rss_feed https://www.scmp.com/business/article/3349223/hong-kong-property-launch-sees-brisk-sales-buyers-unfazed-trumps-iran-warning?utm_source=rss_feed Tue, 07 Apr 2026 05:26:19 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong developers are raising prices of new homes this week following sold-out launches in recent days, further testing the appetite of homebuyers amid geopolitical and interest rate uncertainties. Henderson Land Development put another 39 units at its Chester project in Hung Hom on sale on Monday, with 25 homes finding buyers, according to agents. With an average discounted price of HK$22,198 (US$2,831) per square foot, the units were priced 4.57 per cent higher than the 123 units that sold... https://www.scmp.com/business/article/3349172/hong-kong-developers-test-homebuyers-modest-price-increases-after-sell-outs?utm_source=rss_feed https://www.scmp.com/business/article/3349172/hong-kong-developers-test-homebuyers-modest-price-increases-after-sell-outs?utm_source=rss_feed Mon, 06 Apr 2026 10:30:44 +0000 Peggy Ye Peggy Ye Rents in Hong Kong’s luxury housing market are rising as supply tightens, with returning overseas professionals heating up the competition to secure prime homes. The rebound is most evident in traditional upscale districts such as The Peak and Southside, where leasing activity has picked up sharply this year. Transactions reached 108 in the first quarter, with more than 40 per cent involving monthly rents above HK$100,000 (US$12,760), according to Midland Realty. At the centre of the surge is... https://www.scmp.com/business/companies/article/3349068/return-overseas-hires-meets-tighter-housing-supply-driving-hong-kong-luxury-rents?utm_source=rss_feed https://www.scmp.com/business/companies/article/3349068/return-overseas-hires-meets-tighter-housing-supply-driving-hong-kong-luxury-rents?utm_source=rss_feed Mon, 06 Apr 2026 02:00:08 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s New World Development (NWD) has shelved plans to acquire the remaining stakes in three commercial sites in Causeway Bay, signalling continued caution among developers despite signs of improving demand in the core office market. The company, which has been selling assets to reduce debt, said it would “exercise prudence as appropriate, having regard to cost and efficiency, as well as overall market supply and demand, with a view to delivering reasonable returns”. NWD, which reported... https://www.scmp.com/business/article/3348834/new-world-pulls-back-causeway-bay-acquisition-amid-uneven-recovery?utm_source=rss_feed https://www.scmp.com/business/article/3348834/new-world-pulls-back-causeway-bay-acquisition-amid-uneven-recovery?utm_source=rss_feed Thu, 02 Apr 2026 11:34:41 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s property transactions crossed 7,000 for the sixth consecutive month in March – the first time in four years that monthly volumes stayed above this level – despite a slight fall last month, according to official data. Residential transactions declined by about 5.3 per cent to 6,316 from a month earlier, while their month-on-month value decreased by 4.19 per cent to HK$55.18 billion (US$7.04 billion), according to data from the Land Registry on Thursday. New and lived-in home sales... https://www.scmp.com/business/article/3348739/hong-kongs-property-deals-exceed-7000-6-straight-months-march?utm_source=rss_feed https://www.scmp.com/business/article/3348739/hong-kongs-property-deals-exceed-7000-6-straight-months-march?utm_source=rss_feed Thu, 02 Apr 2026 03:24:36 +0000 Peggy Ye Peggy Ye Veteran Hong Kong sports administrator Lawrence Yu Kam-kee is selling his Kowloon Tong home of over 50 years for about HK$190 million (US$24.2 million), after waiting patiently for market conditions to improve. “I had wanted to sell for a long time but waited until the market improved a bit to get a better price,” Yu told the South China Morning Post. He added that he had moved out of the house about a year ago as it was too large for a single occupant. The sale agreement had been signed and a... https://www.scmp.com/business/banking-finance/article/3348677/hong-kong-home-bought-52-years-ago-fetches-owner-252-times-return?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348677/hong-kong-home-bought-52-years-ago-fetches-owner-252-times-return?utm_source=rss_feed Thu, 02 Apr 2026 00:30:08 +0000 Cheryl Arcibal Cheryl Arcibal Prime office supply in mainland Chinese cities and Hong Kong is estimated to peak this year, while demand remains hampered by an economic slowdown and global uncertainties, according to Cushman & Wakefield. At the end of 2025, premium office inventory in 21 major cities in Greater China – including Hong Kong, Beijing, Shanghai, Shenzhen and Guangzhou, as well as Taiwan – amounted to 99.2 million square metres (1.07 billion sq ft), up 4.6 million square metres or 8.4 per cent from a year earlier,... https://www.scmp.com/business/article/3348648/mainland-china-hong-kong-premium-office-supply-peak-demand-lags-cushman-says?utm_source=rss_feed https://www.scmp.com/business/article/3348648/mainland-china-hong-kong-premium-office-supply-peak-demand-lags-cushman-says?utm_source=rss_feed Wed, 01 Apr 2026 08:30:13 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong homebuyers snapped up new launches on Tuesday as developers accelerated sales amid concerns over slower rate cuts and geopolitical tensions in the Middle East. By about 3.50pm, all 254 flats released at the La Mirabelle project in Tseung Kwan O had been sold, according to market agents. “Today’s positive sales results at La Mirabelle is a vote of confidence for the Hong Kong residential market,” said Daryl Ng, chairman of Sino Group. “The Hong Kong residential market fundamentals are... https://www.scmp.com/business/article/3348547/hong-kong-homebuyers-pile-new-launches-despite-rate-jitters-and-middle-east-tensions?utm_source=rss_feed https://www.scmp.com/business/article/3348547/hong-kong-homebuyers-pile-new-launches-despite-rate-jitters-and-middle-east-tensions?utm_source=rss_feed Tue, 31 Mar 2026 09:49:52 +0000 Andrea Lo Andrea Lo Step away from the high-rise blur of Central and Hong Kong Island life loosens its tie a little. The energy shifts as the city skyline gives way to sea views, hills and even stillness in some places. Perennially coveted, Mid-Levels remains one of Hong Kong’s most prestigious addresses. Elevated both literally and symbolically, it offers some of the city’s most dramatic vistas, as well as urban seclusion. Completed in 2025, The Legacy at 8 Castle Road, developed by Henderson Land, is a notable... https://www.scmp.com/directories/luxe-homes/article/3348347/hong-kongs-luxury-living-evolution-mid-levels-chai-wan?utm_source=rss_feed https://www.scmp.com/directories/luxe-homes/article/3348347/hong-kongs-luxury-living-evolution-mid-levels-chai-wan?utm_source=rss_feed Tue, 31 Mar 2026 09:00:08 +0000 SCMP Editorial SCMP Editorial Marina development is finally making headway in Hong Kong after decades of being largely dead in the water. The plan to revamp an area in Aberdeen should be welcomed, as long as public access remains part of efforts to chart a course for the city to become a premier maritime gateway in Asia. The goal is to convert a section of the southwest coast of Hong Kong Island into a new marina with 200 berths, a clubhouse and about 250 private flats by 2032. On Wednesday, the Development Bureau said it... https://www.scmp.com/opinion/comment/article/3348132/hong-kong-must-factor-community-needs-marina-development?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3348132/hong-kong-must-factor-community-needs-marina-development?utm_source=rss_feed Sun, 29 Mar 2026 22:45:14 +0000 Cheryl Arcibal Cheryl Arcibal Hongkongers Oscar and Stella Chan, a couple in their late 60s, have little interest in moving into a traditional residential care home. The retired civil servants rent a flat in Ma On Shan in the New Territories and, while they acknowledge that ageing at home is not always “as straightforward as it sounds”, they believe conventional care homes can “feel restrictive”. “If my financial situation and health allow, I would much prefer not to stay in a residential care home for the elderly,” Oscar... https://www.scmp.com/business/article/3348254/hong-kongs-ageing-challenge-singapores-kampung-admiralty-model-answer?utm_source=rss_feed https://www.scmp.com/business/article/3348254/hong-kongs-ageing-challenge-singapores-kampung-admiralty-model-answer?utm_source=rss_feed Sun, 29 Mar 2026 07:30:08 +0000 Julie Zhang Julie Zhang Homebuyers continued to signal confidence in Hong Kong’s residential market on Saturday, brushing off global economic risks tied to the Middle East conflict and expectations of slower interest rate cuts, as a new project by Henderson Land Development sold out within hours. All 123 units at Chester, the fifth phase of the Midtown South redevelopment in Hung Hom, were snapped up, according to property agents. “About 60 per cent of buyers are end users while about 40 per cent are investors and... https://www.scmp.com/business/companies/article/3348249/hung-hom-flats-sell-out-hong-kong-homebuyers-brush-aside-middle-east-risks?utm_source=rss_feed https://www.scmp.com/business/companies/article/3348249/hung-hom-flats-sell-out-hong-kong-homebuyers-brush-aside-middle-east-risks?utm_source=rss_feed Sat, 28 Mar 2026 09:40:15 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong developers on Friday released 222 new flats in Kowloon, the city’s largest batch of units on a single day since buyers were warned about the uncertain direction of interest rates. K&K Property launched 122 one-bedroom units at foto+, a single residential tower in Mong Kok close to Olympic station, while Wang On Properties put 100 units up for sale at the Connext project in Wong Tai Sin. By 7pm Friday, 103 of the foto+ units had found buyers. Sales at Connext, meanwhile, kicked off at... https://www.scmp.com/business/article/3348175/hong-kong-developers-test-market-222-units-released-amid-interest-rate-uncertainty?utm_source=rss_feed https://www.scmp.com/business/article/3348175/hong-kong-developers-test-market-222-units-released-amid-interest-rate-uncertainty?utm_source=rss_feed Fri, 27 Mar 2026 11:30:11 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s lived-in home prices rose 1.6 per cent in February, marking the 11th straight month of positive movement for the residential property segment, as the city’s rents scaled another peak, according to official data. Since reversing a downward trend in April, second-hand home prices had climbed nearly 8 per cent so far, bringing the official index to a 22-month high, according to data released on Friday by the Rating and Valuation Department. The latest monthly increment was also larger... https://www.scmp.com/business/article/3348081/hong-kong-home-prices-surge-near-two-year-high-iran-war-clouds-outlook?utm_source=rss_feed https://www.scmp.com/business/article/3348081/hong-kong-home-prices-surge-near-two-year-high-iran-war-clouds-outlook?utm_source=rss_feed Fri, 27 Mar 2026 04:04:50 +0000 Edith Lin Edith Lin A section of Hong Kong Island’s southwest coast at Aberdeen will be revamped into a new marina with 200 berths, a clubhouse and about 250 private flats by 2032 as part of government efforts to boost yacht tourism. The Development Bureau said on Wednesday that it aimed to launch a tender in the first half of next year – the first for a marina in nearly 40 years. It also noted there was strong market interest in the project. To clear the 1.16-hectare (2.8-acre) seaside site near Po Chong Wan, the... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347892/new-200-berth-marina-clubhouse-planned-hong-kong-revamp-aberdeen-site?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347892/new-200-berth-marina-clubhouse-planned-hong-kong-revamp-aberdeen-site?utm_source=rss_feed Wed, 25 Mar 2026 12:51:23 +0000 Adele Brunner Adele Brunner French artist Elsa Jeandedieu has never been afraid of change. Having moved nearly a dozen times in the past 17 years, she has now spent three years in her current Mid-Levels apartment – a 1,266 sq ft, three-bedroom, two-bathroom home she shares with her husband, Joseph, and their son, Noam, now four. The combination of a great location, light and the character of this particular block and its other residents has persuaded her to stay put – at least for now. “My son used to be in the main... https://www.scmp.com/postmag/design-interiors/article/3347246/elsa-jeandedieus-hong-kong-home-canvas-constant-flux?utm_source=rss_feed https://www.scmp.com/postmag/design-interiors/article/3347246/elsa-jeandedieus-hong-kong-home-canvas-constant-flux?utm_source=rss_feed Tue, 24 Mar 2026 07:15:08 +0000 Peggy Ye Peggy Ye Major Hong Kong developers Henderson Land Development and Kerry Properties both reported mixed 2025 results, with stronger home sales partly offsetting softer rental income and a subdued commercial property market. The earnings underscored how the city’s developers are shifting focus towards projects that can still generate cash flow, mainly high-end housing in Hong Kong and top-tier mainland cities, while waiting for offices and retail to recover. Recent geopolitical tensions, including the... https://www.scmp.com/business/companies/article/3347616/hong-kongs-henderson-land-trims-dividend-iran-clouds-outlook-china-slump-lingers?utm_source=rss_feed https://www.scmp.com/business/companies/article/3347616/hong-kongs-henderson-land-trims-dividend-iran-clouds-outlook-china-slump-lingers?utm_source=rss_feed Mon, 23 Mar 2026 11:51:28 +0000 Nicholas Spiro Nicholas Spiro Last week, the energy shock caused by the war in Iran showed signs of becoming a full-blown financial and economic crisis. The attacks on energy infrastructure across the Middle East, coupled with soaring prices of crucial refined petroleum products such as diesel and jet fuel, forced investors to start pricing in a prolonged disruption to supply and a contraction in demand. Even if the Strait of Hormuz reopens sooner than anticipated, the scale of the damage to energy assets in the Persian Gulf... https://www.scmp.com/opinion/asia-opinion/article/3347540/war-induced-interest-rate-shocks-unlikely-upset-asias-property-markets?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3347540/war-induced-interest-rate-shocks-unlikely-upset-asias-property-markets?utm_source=rss_feed Mon, 23 Mar 2026 08:30:09 +0000 Cheryl Arcibal Cheryl Arcibal Regal Hotels International Holdings and its units have sold the 494-room Regal Oriental Hotel for about HK$1.52 billion (US$194 million) to the real estate investment arm of Centaline Group, which operates one of Hong Kong’s largest property agency networks, to be converted into a student hostel. Regal Hotels and affiliates Century City International Holdings and Paliburg Holdings agreed to dispose of the 17-storey hotel on Sa Po Road, including two basement floors, the group said in a filing... https://www.scmp.com/business/article/3347571/regals-us194-million-hotel-sale-highlights-investor-push-hong-kong-student-housing?utm_source=rss_feed https://www.scmp.com/business/article/3347571/regals-us194-million-hotel-sale-highlights-investor-push-hong-kong-student-housing?utm_source=rss_feed Mon, 23 Mar 2026 08:13:39 +0000 Wynna Wong Wynna Wong More than 60 new brands, mostly luxury labels, will move into K11 Musea as part of a revamp to boost the shopping centre’s offerings, but an analyst has warned of a complicated external environment weighing on the retail sector’s prospects. These brands are set to join the Tsim Sha Tsui mall in a tenant overhaul covering about 30 per cent of its retail space, with operators expecting rents for the revamped stores to rise by double digits. New or expanded flagship stores include Audemars Piguet,... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347486/luxury-brands-bet-growth-well-heeled-tourists-flock-hong-kong-events?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347486/luxury-brands-bet-growth-well-heeled-tourists-flock-hong-kong-events?utm_source=rss_feed Mon, 23 Mar 2026 02:30:13 +0000 Cheryl Arcibal Cheryl Arcibal Hongkonger Katie Chan was hoping to buy a flat to live in, and although the 37-year-old accountant was in no rush, the potential longer pause in interest rate cuts could delay her decision. For Chan, the ideal mortgage would be if the one-month Hong Kong interbank offered rate (Hibor) fell below 1.95 per cent, but this year the key driver for local mortgage costs and corporate borrowing rates had only dropped to as low as 2.02 per cent, according to data tracked by the Hong Kong Association of... https://www.scmp.com/business/article/3347469/potential-rate-cut-pause-geopolitical-tensions-may-cloud-hong-kong-property-recovery?utm_source=rss_feed https://www.scmp.com/business/article/3347469/potential-rate-cut-pause-geopolitical-tensions-may-cloud-hong-kong-property-recovery?utm_source=rss_feed Sun, 22 Mar 2026 23:30:16 +0000 Peggy Ye Peggy Ye Retailers and restaurant operators in Hong Kong are rethinking how they use space as rents fall and demand weakens by moving back to street-level shops and experimenting with short-term “pop-up” leases. Hong Kong Hing Kee Java Edible Bird’s Nest (HK JEBN), known locally as “Lau Soeng” – Cantonese for “upstairs” – built its business by avoiding expensive street-front rents and operating from higher floors. It is now doing the opposite. “After the pandemic, the retail market has been weak,” said... https://www.scmp.com/business/companies/article/3347466/upstairs-moves-downstairs-hong-kong-outlets-head-street-level-landlords-cut-rents?utm_source=rss_feed https://www.scmp.com/business/companies/article/3347466/upstairs-moves-downstairs-hong-kong-outlets-head-street-level-landlords-cut-rents?utm_source=rss_feed Sun, 22 Mar 2026 07:30:09 +0000 Peggy Ye Peggy Ye Lo Ying-sui, a younger brother of Great Eagle Holdings’ chairman Lo Ka-shui, has started selling residential units in a sign that some investors prefer to maintain liquidity amid an uncertain property market cycle. Land Registry records showed a unit registered under Joy Eagle was sold to King Faith International for HK$19 million (US$2.4 million) on March 17. A company search showed that Joy Eagle’s directors include Lo Ying-sui and his wife Lim Boon Tuang Lynda. Lo is also a non-executive... https://www.scmp.com/business/article/3347311/brother-great-eagle-chairman-offloads-residential-assets-amid-hong-kong-market-recovery?utm_source=rss_feed https://www.scmp.com/business/article/3347311/brother-great-eagle-chairman-offloads-residential-assets-amid-hong-kong-market-recovery?utm_source=rss_feed Fri, 20 Mar 2026 09:30:08 +0000 Zhu Wenqian,Cheryl Arcibal Zhu Wenqian,Cheryl Arcibal Prime office vacancy rates in Hong Kong’s main business district dropped to single digits for the first time in 26 months, lifting overall rents in the city’s struggling office property market, according to JLL. The vacancy rate in Central for premium offices fell to 9.9 per cent in February from 10.1 per cent the previous month, the property consultancy said. The last time a single-digit rate was recorded for grade A offices in the district was in December 2023, when it also hit 9.9 per cent,... https://www.scmp.com/business/article/3347209/office-vacancy-rate-hong-kongs-central-falls-single-digits-after-2-years?utm_source=rss_feed https://www.scmp.com/business/article/3347209/office-vacancy-rate-hong-kongs-central-falls-single-digits-after-2-years?utm_source=rss_feed Fri, 20 Mar 2026 00:30:12 +0000 William Yiu,Matthew Cheng,Leopold Chen William Yiu,Matthew Cheng,Leopold Chen Hong Kong’s Baptist University placed a big bet when it told the government in 2023 that it was interested in moving its campus from the upmarket Kowloon Tong residential area to a proposed new academic town near the mainland Chinese border. The 70-year-old university’s move to the Northern Metropolis megaproject will mean giving up a prime site for a spot where most of the land has yet to be prepared for construction, although its proximity to mainland tech hub Shenzhen and the Lok Ma Chau... https://www.scmp.com/news/hong-kong/education/article/3347197/too-slow-hong-kongs-new-university-town-faces-questions-over-plans?utm_source=rss_feed https://www.scmp.com/news/hong-kong/education/article/3347197/too-slow-hong-kongs-new-university-town-faces-questions-over-plans?utm_source=rss_feed Fri, 20 Mar 2026 00:30:07 +0000 Cheryl Arcibal,Peggy Ye Cheryl Arcibal,Peggy Ye CK Hutchison Holdings, one of the flagship companies owned by Hong Kong billionaire Li Ka-shing’s family, reported a 7 per cent increase in underlying profit for 2025, as the company predicted its businesses would face “new and perhaps unforeseen challenges” in 2026. The ports-to-telecoms conglomerate said on Thursday that underlying profit reached HK$22.3 billion (US$2.85 ‌billion) last year, compared with HK$20.8 billion a year earlier. Including a one-time ⁠accounting loss, net profit fell... https://www.scmp.com/business/article/3347168/hong-kongs-ck-hutchison-reports-7-gain-underlying-profit-amid-unforeseen-challenges?utm_source=rss_feed https://www.scmp.com/business/article/3347168/hong-kongs-ck-hutchison-reports-7-gain-underlying-profit-amid-unforeseen-challenges?utm_source=rss_feed Thu, 19 Mar 2026 09:32:39 +0000 Charmaine Chan Charmaine Chan “Beauty is only skin deep.” That proverb has championed inner qualities so successfully that outward appearance is often dismissed as superficial. In architecture, that assumption is harder to sustain. Around the world, increasingly loud calls are being made for an end to buildings deemed boring, if not outright ugly, on the outside. But what does that mean? Who decides? And why should we care? For months, these questions led me down a rabbit hole that seemed to circle back on itself. That was... https://www.scmp.com/postmag/design-interiors/article/3347097/have-architects-built-boredom-our-streetscapes-and-can-it-harm-our-health?utm_source=rss_feed https://www.scmp.com/postmag/design-interiors/article/3347097/have-architects-built-boredom-our-streetscapes-and-can-it-harm-our-health?utm_source=rss_feed Thu, 19 Mar 2026 09:00:12 +0000 Peta Tomlinson Peta Tomlinson Intending to live there for years to come, the new owners of this Ap Lei Chau flat anticipate waking up every day to the picture-postcard seascape beyond their bedroom window. The scenic Southside outlook was only one reason the couple, parents of two young daughters, bought the 1,950 sq ft apartment in 2023. They knew they could also personalise the place. During a 10-month renovation (completed in December 2024) Simon Zeng, co-founder of Stylus Studio, was enlisted to create a home that would... https://www.scmp.com/postmag/design-interiors/article/3346745/seaview-home-hong-kongs-southside-designed-evolve-over-time?utm_source=rss_feed https://www.scmp.com/postmag/design-interiors/article/3346745/seaview-home-hong-kongs-southside-designed-evolve-over-time?utm_source=rss_feed Tue, 17 Mar 2026 07:15:10 +0000 Peggy Ye Peggy Ye Luxury residential property on Hong Kong’s Peak Road owned by businessman Chan King-wai has been put up for sale by public tender, several years after he acquired it from companies linked to CK group. Marketing agent JLL said on Monday that the adjoining sites at 86, 88 and 90 Peak Road are being offered for joint sale by tender. The residential lots have a combined area of about 28,620 sq ft. The site could attract bids of about HK$70,000 (US$8,939) to HK$100,000 per square foot, said Joseph... https://www.scmp.com/business/article/3346780/hong-kong-businessman-expected-take-loss-peak-properties-he-bought-us255m?utm_source=rss_feed https://www.scmp.com/business/article/3346780/hong-kong-businessman-expected-take-loss-peak-properties-he-bought-us255m?utm_source=rss_feed Mon, 16 Mar 2026 11:53:05 +0000 Peggy Ye,Cao Li Peggy Ye,Cao Li Buyers snapped up most of the nearly 400 new homes released for sale in Hong Kong on Saturday, offering an early gauge of housing demand in one of the biggest launches since the Chinese New Year holiday. As of 7:30pm, about 310 of the 360 units released at Chinachem Group’s Zendo House in Tsim Sha Tsui and Wing Tai Properties’ Cloudview in Sheung Shui had been sold, according to Centaline Property. Louis Chan Wing-kit, vice-chairman and president of the agency, said confidence in Hong Kong’s... https://www.scmp.com/business/article/3346584/developers-roll-out-360-flats-two-hong-kong-projects-amid-improving-sentiment?utm_source=rss_feed https://www.scmp.com/business/article/3346584/developers-roll-out-360-flats-two-hong-kong-projects-amid-improving-sentiment?utm_source=rss_feed Sat, 14 Mar 2026 05:40:16 +0000 Cheryl Arcibal Cheryl Arcibal JPMorgan Chase has committed to leasing about 250,000 sq ft of space in the new Sun Hung Kai Properties (SHKP) office towers in Hong Kong’s West Kowloon district for 10 years, making the US investment bank the anchor tenant of the 700,000 sq ft mixed-use development, the Hong Kong-listed developer said on Friday. Artist Square Towers (AST) will house the bank’s Kowloon office, which is currently located at The Quayside in Kowloon East, starting in the latter half of 2028, according to an... https://www.scmp.com/business/article/3346491/jpmorgan-signs-anchor-tenant-shkps-west-kowloon-office-development?utm_source=rss_feed https://www.scmp.com/business/article/3346491/jpmorgan-signs-anchor-tenant-shkps-west-kowloon-office-development?utm_source=rss_feed Fri, 13 Mar 2026 10:30:08 +0000 Peggy Ye Peggy Ye Swire Properties reported stronger underlying earnings in 2025, as the Hong Kong developer stepped up asset disposals and expanded its mainland China retail portfolio, though weakness in the city’s office market dragged the company into a headline loss. Underlying profit rose 27 per cent to HK$8.62 billion (US$1.1 billion), driven largely by gains from the disposal of noncore assets including the Brickell City Centre retail mall in Miami and several properties in Hong Kong, according to the... https://www.scmp.com/business/article/3346391/hong-kong-developers-swire-and-wharf-report-profit-growth-amid-valuation-pressure?utm_source=rss_feed https://www.scmp.com/business/article/3346391/hong-kong-developers-swire-and-wharf-report-profit-growth-amid-valuation-pressure?utm_source=rss_feed Thu, 12 Mar 2026 12:30:11 +0000 Ashlyn Chak Ashlyn Chak Housing in Hong Kong is expensive and, according to various international surveys, the city ranked among the world’s most unaffordable places to live in 2025. Despite this, property agencies remain prolific, especially in Hong Kong’s more affluent districts, and their shop windows are always covered with posters of new tower blocks set against beautiful, computer-generated backdrops. However, the local property market has not always been like this, as a new, unusual exhibition shows. “Memories... https://www.scmp.com/lifestyle/arts/article/3346171/affordable-hong-kong-homes-look-past-colourful-exhibition?utm_source=rss_feed https://www.scmp.com/lifestyle/arts/article/3346171/affordable-hong-kong-homes-look-past-colourful-exhibition?utm_source=rss_feed Thu, 12 Mar 2026 08:15:07 +0000 Vivian Au Vivian Au Only one landlord in Hong Kong has sought certification approval for subdivided flats since a new law on minimum housing standards took effect about two weeks ago, while applications for a grace period have been submitted for more than 1,100 homes, according to authorities. The Basic Housing Units Ordinance, which took effect on March 1, stipulates that only subdivided homes that meet minimum standards and are certified by building professionals can be legally leased. Non-compliant landlords... https://www.scmp.com/news/hong-kong/society/article/3346249/only-1-hong-kong-landlord-seeks-subdivided-flat-approval-new-law-kicks?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3346249/only-1-hong-kong-landlord-seeks-subdivided-flat-approval-new-law-kicks?utm_source=rss_feed Wed, 11 Mar 2026 12:22:34 +0000 Peggy Ye Peggy Ye Escalating tensions in the Middle East could redirect global wealth flows and support demand for Hong Kong property, as investors seek stable financial hubs amid rising geopolitical uncertainty, analysts say. The shift comes as global wealth migration increasingly reshapes luxury property markets from Sydney to Dubai and Hong Kong. Citigroup said in a report released on Monday that prolonged instability in the region could prompt capital and talent to move out of the Middle East. The report said... https://www.scmp.com/business/banking-finance/article/3346217/hong-kong-property-could-gain-middle-east-turmoil-reshapes-global-wealth-flows?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3346217/hong-kong-property-could-gain-middle-east-turmoil-reshapes-global-wealth-flows?utm_source=rss_feed Wed, 11 Mar 2026 09:00:08 +0000 Matthew Cheng Matthew Cheng A Hong Kong property tycoon has called for a more prudent approach to the city’s development rather than accelerating projects amid global uncertainties, saying the industry’s willingness to invest in the Northern Metropolis hinges on the health of the market. Far East Consortium chairman David Chiu Tat-cheong also described the megaproject’s new land disposal approach – which requires winning bidders to handle multiple developments on a large plot – as good intentions with unintended negative... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3346140/hong-kong-tycoon-urges-prudent-approach-development-amid-global-uncertainty?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3346140/hong-kong-tycoon-urges-prudent-approach-development-amid-global-uncertainty?utm_source=rss_feed Wed, 11 Mar 2026 01:30:12 +0000 Peggy Ye Peggy Ye Hong Kong’s fragile retail recovery is clouding the outlook for shopping mall rents, with Wharf Real Estate Investment Company (REIC) warning that rising geopolitical tensions could add further uncertainty even as visitor traffic improves. The landlord of Harbour City in Tsim Sha Tsui and Times Square in Causeway Bay said the retail market showed gradual improvement in 2025 as tourism picked up. “Volume increase, however, was not often accompanied by commensurate yield increase,” the company... https://www.scmp.com/business/companies/article/3346098/middle-east-tensions-add-uncertainty-hong-kong-retail-rents-wharf-reic-says?utm_source=rss_feed https://www.scmp.com/business/companies/article/3346098/middle-east-tensions-add-uncertainty-hong-kong-retail-rents-wharf-reic-says?utm_source=rss_feed Tue, 10 Mar 2026 10:05:40 +0000 Peggy Ye Peggy Ye A Singapore-rooted property family has put a rare residential estate in Hong Kong’s Southern district up for tender at about HK$300 million (US$38.4 million), testing demand for trophy homes as the city’s luxury housing market shows early signs of recovery despite soft prices. The tender for Belvedere, a low-density compound in Chung Hom Kok, would close at noon on April 28, according to marketing agent JLL. The property had been held by Remadour Estate since 1993, Land Registry records... https://www.scmp.com/business/article/3346004/singapore-property-clan-puts-rare-hong-kong-estate-us384-million-tender?utm_source=rss_feed https://www.scmp.com/business/article/3346004/singapore-property-clan-puts-rare-hong-kong-estate-us384-million-tender?utm_source=rss_feed Tue, 10 Mar 2026 00:30:08 +0000 Peggy Ye Peggy Ye Developers in Hong Kong are testing the housing market’s recovery by nudging prices up or paring discounts as improving sentiment and a rebound in transactions boost confidence in the city’s property sector. But analysts said the moves remained uneven, with many newly launched projects still offering sizeable concessions as developers continued to prioritise clearing unsold inventory accumulated during the market downturn. New World Development plans to cut the discount offered under the 120-day... https://www.scmp.com/business/markets/article/3345774/hong-kong-developers-test-home-market-recovery-raising-prices-trimming-discounts?utm_source=rss_feed https://www.scmp.com/business/markets/article/3345774/hong-kong-developers-test-home-market-recovery-raising-prices-trimming-discounts?utm_source=rss_feed Mon, 09 Mar 2026 01:30:11 +0000 Peggy Ye Peggy Ye From Sydney to Hong Kong, wealth migration is reshaping the global super-luxury property market as activity picks up after two subdued years – though the dominance of relative newcomer Dubai is now being tested by the war in the Middle East. In Sydney, Peter Li, general manager at Plus Agency, said commission revenues on super-luxury homes had risen about 20 per cent from a year earlier. The firm, which handles more than US$300 million in annual sales, has hired six new staff members since... https://www.scmp.com/business/article/3345695/worlds-wealthy-relocate-rewriting-property-map-will-hong-kong-win-out?utm_source=rss_feed https://www.scmp.com/business/article/3345695/worlds-wealthy-relocate-rewriting-property-map-will-hong-kong-win-out?utm_source=rss_feed Sat, 07 Mar 2026 03:00:16 +0000 Peggy Sito Peggy Sito The recovery in Hong Kong’s property market has begun attracting overseas investors back to the sector, with the Hang Seng Properties Index rising more than 20 per cent this year. International investors, who have had limited exposure to Hong Kong property stocks over the past two to three years, had begun revisiting the sector and adding positions since the start of 2026, according to Citi. At a recent global investor conference hosted by the US bank, participants said they were showing greater... https://www.scmp.com/business/companies/article/3345537/global-investors-revisit-hong-kong-property-stocks-housing-market-recovery-gathers-pace?utm_source=rss_feed https://www.scmp.com/business/companies/article/3345537/global-investors-revisit-hong-kong-property-stocks-housing-market-recovery-gathers-pace?utm_source=rss_feed Thu, 05 Mar 2026 06:38:00 +0000 Theodora Yu Theodora Yu Landlords or operators of subdivided flats in Hong Kong that meet new government living standards can apply to CLP Power for smart meter installation. The smart meters, which now cover 90 per cent of residential households supplied by CLP Power, are open for application following the Basic Housing Units Ordinance taking effect on March 1. CLP, the city’s largest power supplier, provides electricity to Kowloon and the New Territories, including Lantau and Cheung Chau. Equipped with advanced... https://www.scmp.com/news/hong-kong/health-environment/article/3345480/smart-meters-available-hong-kong-subdivided-flats-meeting-new-living-standards?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3345480/smart-meters-available-hong-kong-subdivided-flats-meeting-new-living-standards?utm_source=rss_feed Thu, 05 Mar 2026 00:00:35 +0000 Peggy Ye Peggy Ye McDonald’s has sold another Hong Kong retail property for HK$93.5 million (US$11.9 million), extending its asset sell-down and bringing total proceeds to about HK$580 million. The ground-floor unit at Mount Sterling Mall in Mei Foo Sun Chuen, Lai Chi Kok, was sold on February 27 to Huge Power (China) Ltd., according to Land Registry records. Companies Registry filings show the directors as Kwok Chong-wah, Kwok Lap-yin and Kwok Shun-sing, members of a veteran investor family. The 6,915 square... https://www.scmp.com/property/article/3345368/mcdonalds-sells-hong-kong-shop-outside-disposal-plan-us119-million?utm_source=rss_feed https://www.scmp.com/property/article/3345368/mcdonalds-sells-hong-kong-shop-outside-disposal-plan-us119-million?utm_source=rss_feed Wed, 04 Mar 2026 06:28:54 +0000 SCMP Editorial SCMP Editorial It says something about Hong Kong’s housing woes that a new law mandating basic living standards finally came into effect this month. The ban on “substandard” subdivided flats must be carefully implemented so that it serves the purpose of providing safe and decent living spaces for low-income tenants rather than triggering mass evictions and homelessness. The shock waves triggered by the Basic Housing Units Ordinance were already being felt before the law came into effect as renovations by... https://www.scmp.com/opinion/comment/article/3345230/hong-kong-must-ensure-law-basic-housing-serves-its-intended-purpose?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3345230/hong-kong-must-ensure-law-basic-housing-serves-its-intended-purpose?utm_source=rss_feed Tue, 03 Mar 2026 22:45:08 +0000 Brian Wong Brian Wong A government lawyer has said that an environmental study on the impact of building 12,000 public flats on part of Hong Kong’s oldest golf course holds “no legal effect”, as authorities appeal a court ruling that may send the project back to the consultation stage. The Court of Appeal began hearing oral arguments on Tuesday over an environmental impact assessment report for the public housing project on 9.5 of 32 hectares (23.5 acres) that the government reclaimed from the 172-hectare golf course... https://www.scmp.com/news/hong-kong/law-and-crime/article/3345312/hong-kong-government-says-golf-course-flats-study-has-no-legal-effect-appeal?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3345312/hong-kong-government-says-golf-course-flats-study-has-no-legal-effect-appeal?utm_source=rss_feed Tue, 03 Mar 2026 14:13:15 +0000 Peggy Ye Peggy Ye Hong Kong’s government-backed investment fund is being redeployed to support the city’s sluggish commercial property sector, signaling authorities’ growing willingness to use public funds as a policy tool to steady office valuations and align real estate investment with the city’s industrial ambitions. Attracting foreign institutions, however, might prove challenging. The city’s elevated vacancy rates, looming new completions and uncertain rental recovery have kept global funds on the sidelines,... https://www.scmp.com/business/banking-finance/article/3345175/hong-kongs-strategy-hkic-prop-citys-office-market-seen-challenging?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345175/hong-kongs-strategy-hkic-prop-citys-office-market-seen-challenging?utm_source=rss_feed Tue, 03 Mar 2026 00:30:08 +0000 Peggy Ye Peggy Ye Hong Kong’s cash-for-residency scheme has attracted about HK$95 billion (US$12 billion) from more than 1,700 investors over the past two years, with around two-thirds of the approved capital channelled into authorised funds and equities, the latest figures from InvestHK show. The government’s investment promotion arm on Monday released the figures for the New Capital Investment Entrant Scheme (New CIES), designed to encourage high-net-worth individuals to invest in Hong Kong, bringing both... https://www.scmp.com/business/banking-finance/article/3345102/hong-kongs-new-cash-residency-scheme-draws-us12-billion-first-2-years?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345102/hong-kongs-new-cash-residency-scheme-draws-us12-billion-first-2-years?utm_source=rss_feed Mon, 02 Mar 2026 06:44:45 +0000 Cheryl Arcibal Cheryl Arcibal Minna Honkanen could not have anticipated the seismic events that would grip Hong Kong after she decided to try her luck there in early 2019. Two months after she arrived, unprecedented social unrest engulfed the city, followed immediately by the coronavirus pandemic, which shut borders and restricted travel for more than two years. Least of all did the Finnish national imagine she would become a luxury property agent in one of the world’s most expensive real estate markets, securing exclusive... https://www.scmp.com/business/article/3344931/hong-kong-luxury-real-estate-how-european-agent-won-us3045-million-penthouse-listing?utm_source=rss_feed https://www.scmp.com/business/article/3344931/hong-kong-luxury-real-estate-how-european-agent-won-us3045-million-penthouse-listing?utm_source=rss_feed Mon, 02 Mar 2026 00:30:16 +0000