https://www.scmp.com/rss/45670/feed The latest news, analysis and opinion on Kerry Properties. In-depth analysis, industry insights and expert opinion. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Peggy Ye Peggy Ye While Hong Kong developers have accelerated project launches following the Easter holiday, primary home sales are settling into a measured phase following an earlier surge in demand. The shift is evident at La Mirabelle I in Tseung Kwan O, where Sino Land and its partners released a third batch of units on Sunday. Buyers snapped up 71 of the 261 units on offer, pointing to less urgent demand than in earlier rounds. The latest batch comprises 33 one-bedroom units, 178 two-bedroom units and 50... https://www.scmp.com/business/companies/article/3349784/hong-kong-home-sales-outlook-firm-even-demand-ebbs-tseung-kwan-o-project?utm_source=rss_feed https://www.scmp.com/business/companies/article/3349784/hong-kong-home-sales-outlook-firm-even-demand-ebbs-tseung-kwan-o-project?utm_source=rss_feed Sun, 12 Apr 2026 07:30:17 +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 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 Connor Mycroft Connor Mycroft Singapore Prime Minister Lawrence Wong has met Hong Kong political heavyweights and business leaders – including former Chief Justice Andrew Li Kwok-nang and Richard Li Tzar-kai, the son of tycoon Li Ka-shing – in what he described as a “short but meaningful visit” to the city. Wrapping up his first official visit to the city since he became prime minister in 2024, Wong said in a Facebook post on Saturday that closer cooperation between the two Asian financial centres would contribute to the... https://www.scmp.com/news/hong-kong/politics/article/3348251/singapores-lawrence-wong-wraps-short-meaningful-visit-hong-kong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3348251/singapores-lawrence-wong-wraps-short-meaningful-visit-hong-kong?utm_source=rss_feed Sat, 28 Mar 2026 09:51:53 +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 Cheryl Arcibal Cheryl Arcibal Hong Kong-based Kerry Properties has won a tender for a residential plot in Shau Kei Wan for HK$1.38 billion (US$177 million), which drew heavy bidding interest from both mainland Chinese and local developers. Kerry beat seven other bidders for a 50-year grant for the 1,349-square-metre (14,523 sq ft) parcel in the Eastern district, the Lands Department said on Monday. The plot was expected to provide a total gross floor area of over 130,000 sq ft, yielding around 300 residential units,... https://www.scmp.com/business/article/3343728/hong-kongs-kerry-properties-secures-shau-kei-wan-residential-plot-us177-million?utm_source=rss_feed https://www.scmp.com/business/article/3343728/hong-kongs-kerry-properties-secures-shau-kei-wan-residential-plot-us177-million?utm_source=rss_feed Mon, 16 Feb 2026 09:00:08 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong-listed mainland Chinese developer China Overseas Land & Investment won a bid for a 3,132-square-metre (33,712 sq ft) residential plot in Kowloon East, beating some of the city’s largest developers with a higher-than-expected tender. The state-backed developer beat eight rivals to secure a 50-year grant for the parcel in Ngau Tau Kok with its bid of HK$1.8 billion (US$230 million), according to a statement from the Lands Department on Tuesday. The site is expected to yield 470... https://www.scmp.com/business/article/3343088/hong-kong-residential-plot-fetches-us230-million-chinese-developer-outbids-city-rivals?utm_source=rss_feed https://www.scmp.com/business/article/3343088/hong-kong-residential-plot-fetches-us230-million-chinese-developer-outbids-city-rivals?utm_source=rss_feed Tue, 10 Feb 2026 12:34:34 +0000 Zhang Shidong Zhang Shidong Sun Hung Kai Properties (SHKP), the city’s biggest developer, put more than 200 units on sale at a residential project on Saturday amid hopes of a steady recovery in the city’s home market. SHKP sold all 229 units on offer at the Sierra Sea project in Sai Sha Wan on Saturday, according to real estate agents. The per-unit price ranged between HK$4.04 million (US$518,000) and HK$10.7 million, but with a 15 per cent discount the selling prices were from HK$3.44 million to HK$8.27 million. The... https://www.scmp.com/business/china-business/article/3340255/shkp-tests-market-resilience-new-batch-flats-hong-kongs-sierra-sea-project?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340255/shkp-tests-market-resilience-new-batch-flats-hong-kongs-sierra-sea-project?utm_source=rss_feed Sat, 17 Jan 2026 08:09:02 +0000 Peggy Sito Peggy Sito A joint venture between Sino Land and Great Eagle Holdings has won a government residential site tender in Kowloon for HK$1.61 billion (US$206 million), outbidding major Hong Kong developers as the city’s housing market shows signs of stabilising. The purchase of the 41,226 sq ft site, which could yield 570 units, underscored the company’s confidence in the long-term development prospects of Hong Kong, according to Sino Land. Sino Land owns 85 per cent of the joint venture, while Great Eagle... https://www.scmp.com/business/companies/article/3339090/hong-kongs-sino-land-and-great-eagle-secure-kowloon-site-us206-million?utm_source=rss_feed https://www.scmp.com/business/companies/article/3339090/hong-kongs-sino-land-and-great-eagle-secure-kowloon-site-us206-million?utm_source=rss_feed Wed, 07 Jan 2026 13:49:22 +0000 Peggy Ye Peggy Ye Hong Kong’s leading property developers are accelerating new residential launches, with two major firms unveiling plans to roll out more than 4,500 flats this year as sentiment shows signs of improvement, but analysts caution that a surge in supply may add fresh pressure to a market that has only begun to stabilise. Developers, including Wheelock Properties and Kerry Properties, are pressing ahead with large-scale launches, adding new supply on top of still-elevated inventory from previous... https://www.scmp.com/business/banking-finance/article/3339073/hong-kong-developers-rush-new-flats-sentiment-lifts-pressuring-fragile-recovery?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3339073/hong-kong-developers-rush-new-flats-sentiment-lifts-pressuring-fragile-recovery?utm_source=rss_feed Wed, 07 Jan 2026 11:30:23 +0000 Edith Lin,Jess Ma Edith Lin,Jess Ma Hong Kong police have arrested two directors and a staff member from a company suspected of using surveying equipment with forged certificates in at least two redevelopment projects and a public hospital expansion, the Post has learned. The arrests, involving acoustic and environmental services consultant Novox, were made on Tuesday. The Urban Renewal Authority (URA) said that Novox provided surveying devices to four of its projects in To Kwa Wan, with two confirming the use of equipment with... https://www.scmp.com/news/hong-kong/society/article/3337525/3-arrested-over-use-fake-surveying-equipment-certificates-hong-kong-projects?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3337525/3-arrested-over-use-fake-surveying-equipment-certificates-hong-kong-projects?utm_source=rss_feed Tue, 23 Dec 2025 11:27:24 +0000 Cheryl Arcibal Cheryl Arcibal A luxury flat in Hong Kong’s Kowloon Tong district is one of the latest to have found a buyer amid a rosier outlook for the city’s residential property market. The HK$225 million (US$28.9 million) property in Tower 6 of Mont Verra was bought by Elbe Rhein Investment on December 12 and the transaction was registered on Monday, according to the Land Registry. Before changing its name to Elbe Rhein last year, the company had been operating under the name of Migao Corporation since 2008, according... https://www.scmp.com/business/article/3337474/hong-kong-luxury-flat-sells-us289-million-latest-high-end-property-deal?utm_source=rss_feed https://www.scmp.com/business/article/3337474/hong-kong-luxury-flat-sells-us289-million-latest-high-end-property-deal?utm_source=rss_feed Tue, 23 Dec 2025 08:30:17 +0000 Peggy Ye Peggy Ye A duplex penthouse at Kerry Properties’ Mont Verra development in Beacon Hill, Kowloon Tong, sold for HK$250 million (US$32.1 million) last month, as wealthy mainland Chinese buyers continued to snap up luxury homes in Hong Kong at softer prices. The buyer is linked to one of the wealthiest families in Anhui, an inland province in eastern China. According to a filing, the unit was sold on November 7 and registered with the Land Registry on December 5 under the names of Wu Weidong and his wife,... https://www.scmp.com/property/article/3335623/mainland-tycoon-pays-us321-million-hong-kong-penthouse-luxury-deals-pick?utm_source=rss_feed https://www.scmp.com/property/article/3335623/mainland-tycoon-pays-us321-million-hong-kong-penthouse-luxury-deals-pick?utm_source=rss_feed Mon, 08 Dec 2025 10:11:07 +0000 Cheryl Arcibal Cheryl Arcibal Chinachem Group has secured a 70,127 sq ft site in Tsuen Wan in the New Territories for more than HK$2.47 billion (US$318 million), beating eight other bidders, according to the Lands Department. The other bidders were Sun Hung Kai Properties, CK Asset Holdings, Henderson Land Development, Great Eagle Holdings, China Overseas Land & Investment, K. Wah International Holdings, Wheelock Properties and a consortium of Sino Land, Kerry Properties and China Merchants Land. The award gives Chinachem –... https://www.scmp.com/business/article/3333300/chinachem-secures-plot-hong-kongs-tsuen-wan-us318-million?utm_source=rss_feed https://www.scmp.com/business/article/3333300/chinachem-secures-plot-hong-kongs-tsuen-wan-us318-million?utm_source=rss_feed Tue, 18 Nov 2025 13:33:34 +0000 Matthew Cheng,Jeffie Lam Matthew Cheng,Jeffie Lam Hong Kong Olympic gold medallist Vivian Kong Man-wai, who is vying for the Legislative Council seat representing the travel industry, has highlighted her past efforts in promoting “racing tourism” when questioned by election authorities about her suitability for the sector. According to documents scrutinised by the Post on Thursday, the 31-year-old fencing star has received backing from some of the city’s business heavyweights, including Stephen Ng Tin-hoi, chairman and managing director of... https://www.scmp.com/news/hong-kong/politics/article/3331708/hong-kong-olympian-vivian-kong-cites-racing-tourism-work-legco-bid-scrutiny?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3331708/hong-kong-olympian-vivian-kong-cites-racing-tourism-work-legco-bid-scrutiny?utm_source=rss_feed Thu, 06 Nov 2025 03:13:50 +0000 Peggy Sito Peggy Sito Sino Land has won a residential site tender in Tuen Mun for HK$1.09 billion, beating major Hong Kong and mainland Chinese developers – including CK Asset Holdings, Kerry Properties and China Overseas Land & Investment – as the city’s housing market shows early signs of recovery. The transaction, which marked the Hong Kong government’s first residential plot sale this financial year, involved a site at Hoi Chu Road in Tuen Mun, a district in proximity to Shenzhen Bay. “The sought-after site... https://www.scmp.com/business/companies/article/3321760/sino-land-wins-tuen-mun-land-tender-hk1-billion-bid-amid-improved-housing-market?utm_source=rss_feed https://www.scmp.com/business/companies/article/3321760/sino-land-wins-tuen-mun-land-tender-hk1-billion-bid-amid-improved-housing-market?utm_source=rss_feed Wed, 13 Aug 2025 12:28:07 +0000 Yuke Xie Yuke Xie Kuok Hui Kwong, daughter of Malaysia’s richest man, Robert Kuok Hock-nien, has been named CEO of luxury hotel group Shangri-La Asia, effective August 1. Kuok, 47, has been serving as Shangri-La Asia’s executive director since June 2016 and chairman since January 2017, according to a Wednesday filing with Hong Kong’s stock exchange. Shangri-La Asia is listed in Hong Kong and Singapore. The Harvard-educated Malaysian, the sixth of Robert Kuok’s eight children, took the helm of the luxury hotel... https://www.scmp.com/business/article/3318454/kuok-hui-kwong-daughter-malaysias-richest-man-lead-hotel-group-shangri-la-asia?utm_source=rss_feed https://www.scmp.com/business/article/3318454/kuok-hui-kwong-daughter-malaysias-richest-man-lead-hotel-group-shangri-la-asia?utm_source=rss_feed Wed, 16 Jul 2025 10:15:49 +0000 Daniel Ren Daniel Ren High-end homes in Shanghai are selling out quickly, fuelling hopes of a recovery in the city’s property sector, as wealthy individuals bet on a continuing rise in prices. The average price of upscale flats in Shanghai in the first three months of the year rose 0.5 per cent to 144,600 yuan (US$19,769) per square metre from the previous quarter, according to JLL. Residential units priced at 100,000 yuan per square metre and above are defined as high-end, according to the property... https://www.scmp.com/business/china-business/article/3306345/insatiable-demand-high-end-homes-shanghai-sparks-hopes-broader-market-recovery?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3306345/insatiable-demand-high-end-homes-shanghai-sparks-hopes-broader-market-recovery?utm_source=rss_feed Mon, 14 Apr 2025 00:30:15 +0000 Cheryl Arcibal,Yulu Ao Cheryl Arcibal,Yulu Ao Hong Kong homebuyers flocked to secure new flats at two projects over the weekend, indicating improving sentiment on the city’s battered property market following a reduction in stamp duties and a buoyant stock market. On Sunday, Sun Hung Kai Properties sold 96 of 172 units offered at its Yoho West Parkside development in Tin Shui Wai as of 5.20pm, 3.5 hours after the second round of sales there began. The developer expected to reach a sellout by the end of the day. All 119 flats in the first... https://www.scmp.com/business/article/3301685/hong-kong-homebuyers-deliver-brisk-weekend-sales-developers-small-flats-favoured?utm_source=rss_feed https://www.scmp.com/business/article/3301685/hong-kong-homebuyers-deliver-brisk-weekend-sales-developers-small-flats-favoured?utm_source=rss_feed Sun, 09 Mar 2025 10:03:45 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s homebuyers are likely to snap up 2,500 new flats in March, on track to deliver the best sales month in a year to developers, as a stock market rally and a cut in stamp duty spurred transactions. Kerry Properties on Thursday put 133 units at the Hava residential project in Yuen Long for sale, following two sell-out weekends for 371 flats.. The latest batch is priced between HK$3.28 million (US$422,000) and HK$6.42 million, with discounts of as much as 18 per cent. As of 9.20pm on... https://www.scmp.com/business/article/3301334/hong-kong-home-sales-poised-best-month-year-hava-yoho-west-parkside-sell-out?utm_source=rss_feed https://www.scmp.com/business/article/3301334/hong-kong-home-sales-poised-best-month-year-hava-yoho-west-parkside-sell-out?utm_source=rss_feed Thu, 06 Mar 2025 23:30:08 +0000 Enoch Yiu Enoch Yiu Hong Kong on Saturday saw its best weekend for new property sales in four months, with a total of 352 units sold across three projects, after the government lowered the stamp duty for small flats following the budget address on Wednesday. Among the first-round offerings, Henderson Land Development’s Eight Southpark project in Kowloon City sold out all 181 available units by 6pm, while Wang On Properties sold 55 of the 60 units on offer at the Coasto project in Ap Lei Chau, according to property... https://www.scmp.com/business/article/3300666/hong-kongs-weekend-property-sales-reach-4-month-high-after-stamp-duty-cuts?utm_source=rss_feed https://www.scmp.com/business/article/3300666/hong-kongs-weekend-property-sales-reach-4-month-high-after-stamp-duty-cuts?utm_source=rss_feed Sat, 01 Mar 2025 07:40:36 +0000 Salina Li Salina Li CK Asset Holdings has slightly raised the prices of flats on the south of Hong Kong Island amid improving sentiment in the city’s property and stock markets and in anticipation of more stimulus measures in the budget. The developer, controlled by the family of tycoon Li Ka-shing, on Monday priced 62 units at Blue Coast II, co-developed with MTR Corp in Wong Chuk Hang, at an average price of HK$22,781 (US$2,930) per square foot, 2 per cent higher than the previous batch in October. The flats are... https://www.scmp.com/business/article/3299933/ck-asset-raises-prices-blue-coast-ii-flats-amid-hong-kong-market-optimism?utm_source=rss_feed https://www.scmp.com/business/article/3299933/ck-asset-raises-prices-blue-coast-ii-flats-amid-hong-kong-market-optimism?utm_source=rss_feed Mon, 24 Feb 2025 11:03:17 +0000 Aileen Chuang Aileen Chuang Hong Kong homebuyers’ sentiment was mixed over the weekend as the city’s tepid property market awaits more supportive measures in the coming budget. China Resources Land (Overseas) and Poly Property sold five of the 136 flats offered at Pano Harbour in Kai Tak, the site of the city’s former airport, as of 5pm on Sunday, according to agents. New World Development (NWD) sold five of the 20 units in the third round of sales at State Pavilia in North Point. On Saturday, Kerry Properties sold all 250... https://www.scmp.com/business/article/3299803/hong-kong-developers-find-few-takers-flats-sale-buyers-await-budget-stimulus?utm_source=rss_feed https://www.scmp.com/business/article/3299803/hong-kong-developers-find-few-takers-flats-sale-buyers-await-budget-stimulus?utm_source=rss_feed Sun, 23 Feb 2025 09:51:24 +0000 Enoch Yiu Enoch Yiu Hong Kong’s homebuyers snapped up every flat on offer during a weekend sales launch on Saturday, as attractive prices amid a stock market rally bolstered sentiment in the city’s tepid property market. All 250 flats at Kerry Properties’ Hava project in Yuen Long were snapped up by 4.30pm, sales agents said. The flats, ranging from 282 square feet to 403 square feet (37.4 square metres), were on sale at an average HK$10,658 per square foot. “The project is in Yuen Long, which is convenient, with a... https://www.scmp.com/business/article/3299756/kerrys-hava-flats-sell-out-stock-rally-lifts-mood-hong-kongs-property-market?utm_source=rss_feed https://www.scmp.com/business/article/3299756/kerrys-hava-flats-sell-out-stock-rally-lifts-mood-hong-kongs-property-market?utm_source=rss_feed Sat, 22 Feb 2025 10:53:35 +0000 Salina Li Salina Li Around 10 large residential projects comprising at least 10,000 new flats will hit the Hong Kong market in 2025 as developers continue price cutting to offload inventory amid easing interest rates and an uptick in buying sentiment. Builders with new projects expected to launch include Li Ka-shing’s flagship developer CK Asset Holdings, Sun Hung Kai Properties (SHKP), Henderson Land, China Overseas Land and Investment, New World Development (NWD), Sino Land, Kerry Properties and Wheelock... https://www.scmp.com/business/article/3293478/hong-kong-property-10000-new-flats-set-hit-already-supply-heavy-market-2025?utm_source=rss_feed https://www.scmp.com/business/article/3293478/hong-kong-property-10000-new-flats-set-hit-already-supply-heavy-market-2025?utm_source=rss_feed Mon, 06 Jan 2025 02:00:12 +0000 Hong Kong developers’ low-price strategy for new flats continued to liven up the local market, as hundreds of buyers on Saturday flocked to Great Eagle Holdings’ Onmantin residential project in Ho Man Tin. All 260 flats on offer were sold by 9pm, according to agents. The project recorded 7,500 orders from prospective buyers, or 28 times more than the initial number of flats on offer. “The project received a warm market response with the high oversubscription rate,” said Sammy Po Siu-ming, CEO of... https://www.scmp.com/business/china-business/article/3260640/hong-kong-homebuyers-enticed-big-discounts-snap-most-flats-offer-great-eagles-onmantin-project?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3260640/hong-kong-homebuyers-enticed-big-discounts-snap-most-flats-offer-great-eagles-onmantin-project?utm_source=rss_feed Sat, 27 Apr 2024 11:24:58 +0000 Hong Kong’s luxury property segment is showing signs of a revival, with mainland Chinese buyers returning to the market after an absence of a few years because of the pandemic. Market observers expect developers to ramp up the supply of luxury property amid increasing demand and likelihood of a potential decline in interest rates later this year. Two brand new properties totalling HK$1.2 billion (US$153.5 million) were bought by different mainland Chinese buyers last week, according to Eddie... https://www.scmp.com/business/article/3249229/mainland-chinese-buyers-return-hong-kongs-luxury-property-market-amid-signs-pickup-activity?utm_source=rss_feed https://www.scmp.com/business/article/3249229/mainland-chinese-buyers-return-hong-kongs-luxury-property-market-amid-signs-pickup-activity?utm_source=rss_feed Sun, 21 Jan 2024 07:51:35 +0000 If there was one valuable lesson that Kuok Hui Kwong learned during the Covid-19 outbreak, it was the importance of telling a complete and authentic story to her audience. Constrained by pandemic curbs and travel restrictions, the 45-year-old Malaysian-born chairperson of the Shangri-La Asia Limited hotel group embraced social media while the virus was ravaging the global economy, sharing her business philosophy and ideas, and sometimes her reflections on family life, via her personal account on... https://www.scmp.com/business/article/3240248/shangri-la-hotels-hui-kuok-braves-new-world-social-media-share-stories-life-goals-staff-guests?utm_source=rss_feed https://www.scmp.com/business/article/3240248/shangri-la-hotels-hui-kuok-braves-new-world-social-media-share-stories-life-goals-staff-guests?utm_source=rss_feed Mon, 06 Nov 2023 00:00:20 +0000 Japanese furniture and home accessories retailer Nitori Holdings, which opened its first outlet in Hong Kong on Wednesday, plans to gradually expand its footprint to 20 across the city in the coming years, a top executive said. The company’s flagship store in MegaBox, Kowloon Bay, is spread over 20,000 sq ft and features 5,500 items, about 40 per cent of the products the retailer offers in Japan. Nitori is the latest Asian brand to foray into Hong Kong and it comes amid an exodus of Western... https://www.scmp.com/business/article/3235264/japans-nitori-opens-first-hong-kong-store-joins-slew-asian-retailers-expanding-city-western-brands?utm_source=rss_feed https://www.scmp.com/business/article/3235264/japans-nitori-opens-first-hong-kong-store-joins-slew-asian-retailers-expanding-city-western-brands?utm_source=rss_feed Thu, 21 Sep 2023 05:00:11 +0000 Kerry Properties has broken ground on a massive mixed-use project in Shanghai, just two months after it won a tender for a prime site in the city centre, and it comes amid a property crisis that has engulfed dozens of mainland Chinese developers. The Hong Kong developer said the project, comprising residential units, offices, shops and hotels, is its largest investment in China. Located in the central Huangpu district, close to landmarks including The Bund, Yu Garden, East Nanjing Road... https://www.scmp.com/business/china-business/article/3232076/hong-kong-developer-kerry-confident-chinas-prospects-it-starts-work-landmark-shanghai-project?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3232076/hong-kong-developer-kerry-confident-chinas-prospects-it-starts-work-landmark-shanghai-project?utm_source=rss_feed Thu, 24 Aug 2023 00:00:17 +0000 Li Lin, founder of cryptocurrency exchange Huobi Global, is believed to have rented an ultra-luxury mansion in Hong Kong, as the financial centre woos Chinese players in the industry to boost its status as a virtual asset hub. The 11,692 square-foot house, which is part of Kerry Properties’ Mont Verra project located in the upscale neighbourhood of Beacon Hill in Kowloon Tong district, was leased earlier this month to a person named Li Lin, according to records on the government’s Land... https://www.scmp.com/tech/tech-trends/article/3231180/founder-huobi-crypto-exchange-thought-be-tenant-new-us128-million-mansion-hong-kongs-kowloon-tong?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3231180/founder-huobi-crypto-exchange-thought-be-tenant-new-us128-million-mansion-hong-kongs-kowloon-tong?utm_source=rss_feed Wed, 16 Aug 2023 01:00:23 +0000 Hong Kong developer Kerry Properties has won a tender for a prime site in the heart of Shanghai, China’s commercial capital, for 8.78 billion yuan (US$1.25 billion). A Citi analyst said that although the acquisition cost was reasonable, the project was fraught with execution risks due to its commercial nature and long payback period. With a total planned gross floor area of 308,000 square metres for phase 2, the acquisition price works out to 28,517 yuan per square metre. The site, comprising... https://www.scmp.com/business/companies/article/3224796/hong-kongs-kerry-properties-wins-downtown-shanghai-land-tender-us125-billion?utm_source=rss_feed https://www.scmp.com/business/companies/article/3224796/hong-kongs-kerry-properties-wins-downtown-shanghai-land-tender-us125-billion?utm_source=rss_feed Tue, 20 Jun 2023 23:30:07 +0000 The office of Beijing’s national security arm in Hong Kong has spent a record HK$508 million (US$64.7 million) for a luxury villa in Kowloon Tong. The national security office bought the three-storey Villa No 1 in Mont Rouge measuring 7,171 sq ft with five bedrooms, a rooftop, a garden and three parking spaces from Kerry Properties last month, according to official documents. The HK$508 million price tag, which works out to HK$70,841 per square foot, is the highest for a new villa in Kowloon,... https://www.scmp.com/business/article/3198912/sale-kerry-properties-mont-rouge-villa-kowloon-tong-beijings-national-security-office-fetches-record?utm_source=rss_feed https://www.scmp.com/business/article/3198912/sale-kerry-properties-mont-rouge-villa-kowloon-tong-beijings-national-security-office-fetches-record?utm_source=rss_feed Tue, 08 Nov 2022 12:00:09 +0000 Hong Kong-based Kerry Logistics Network will launch a platform for supplying medicines and medical equipment to homes for the elderly. Operators of these homes will be able to order food supplies, medicines, medical tools and other daily necessities for their residents, as part of a business model that Kerry Logistics is pioneering, said Samuel Lau, the firm’s managing director of integrated logistics in North Asia. “More of Hong Kong’s population is ageing and there’s still much room to improve... https://www.scmp.com/business/article/3194727/hong-kongs-kerry-logistics-aims-improve-standards-homes-elderly-soon-be?utm_source=rss_feed https://www.scmp.com/business/article/3194727/hong-kongs-kerry-logistics-aims-improve-standards-homes-elderly-soon-be?utm_source=rss_feed Tue, 04 Oct 2022 08:30:07 +0000 Swire Properties has won a tender for a land parcel on Queen’s Road East in Wan Chai with an offer of HK$1.96 billion (US$249.7 million) for the 13,207 sq ft site to consolidate its foothold on Hong Kong Island. Achieve Bright, a subsidiary of Swire, one of the city’s oldest and largest builders of luxury homes and grade-A offices, became the highest tenderer, beating 20 rivals including CK Asset Holdings, Kerry Properties and Citic Pacific, Hong Kong Lands Department said in a statement on... https://www.scmp.com/business/china-business/article/3182555/swire-properties-pays-hk196-billion-13200-sq-ft-plot-wan?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3182555/swire-properties-pays-hk196-billion-13200-sq-ft-plot-wan?utm_source=rss_feed Wed, 22 Jun 2022 00:00:25 +0000 Prime luxury stores, such as those of fashion houses Louis Vuitton, Prada and Dior proved to be some of the most popular spots for Shanghai residents to queue up on Wednesday, as shopping centres and restaurants reopened after the Chinese commercial hub of 26 million ended its two-month citywide lockdown. There are 10 major shopping centres, owned by some of Hong Kong’s largest developers, that reopened in Shanghai on Wednesday. Sun Hung Kai Properties (SHKP), Swire Properties and Kerry... https://www.scmp.com/business/china-business/article/3179994/shanghai-consumers-rush-lv-prada-dior-other-prime-luxury?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3179994/shanghai-consumers-rush-lv-prada-dior-other-prime-luxury?utm_source=rss_feed Wed, 01 Jun 2022 08:18:42 +0000 Hong Kong’s major mall operators are tempting shoppers with an array of promotions, including discounts of up 70 per cent, after the government announced it would distribute consumption vouchers from Thursday. The battered retail market is expected to receive a much-needed boost, which has suffered since January because of the harsh social distancing measures to contain the fifth wave of the Covid-19 pandemic fuelled by the Omicron variant. Sun Hung Kai Properties, Kerry Properties and Sino Land... https://www.scmp.com/business/article/3172933/hong-kong-mall-operators-target-shoppers-after-government-announces?utm_source=rss_feed https://www.scmp.com/business/article/3172933/hong-kong-mall-operators-target-shoppers-after-government-announces?utm_source=rss_feed Sun, 03 Apr 2022 11:28:34 +0000 Hong Kong developer Kerry Properties, which owns two shopping malls in Shanghai, said it is looking at ways to support its tenants and alleviate the impact of the city’s lockdown. “We recognise this is a very challenging time in Shanghai for everyone,” the home builder said in an email to the Post. “We are currently looking at the best way to support each of our tenants, which potentially include a number of initiatives from rent relief to other forms of assistance depending on their individual... https://www.scmp.com/business/article/3172557/shanghai-lockdown-hong-kong-developers-kerry-and-hang-lung-looking-ways?utm_source=rss_feed https://www.scmp.com/business/article/3172557/shanghai-lockdown-hong-kong-developers-kerry-and-hang-lung-looking-ways?utm_source=rss_feed Thu, 31 Mar 2022 09:00:15 +0000 Hong Kong’s home prices could drop 10 per cent in the first half, as the city’s worsening Covid-19 outbreak caused the first three months to be a washout for property sales, forcing analysts to reverse their forecasts. Home prices may fall by 5 per cent in 2022, according to the property consultant Colliers, as it reversed its earlier forecast of a 3-per cent gain in mass-market homes, and a 5-per cent increase in the luxury market. Collier’s reversal is the most dramatic change among four... https://www.scmp.com/business/article/3170347/hong-kong-analysts-reverse-bullish-forecasts-u-turn-property-market-home?utm_source=rss_feed https://www.scmp.com/business/article/3170347/hong-kong-analysts-reverse-bullish-forecasts-u-turn-property-market-home?utm_source=rss_feed Mon, 14 Mar 2022 03:40:18 +0000 Hong Kong’s biggest developers continue to buy prime land sites in top-tier cities in mainland China, as they take advantage of the general malaise among competitors that are struggling to survive an unprecedented debt load in the industry. Kerry Properties, controlled by the Malaysian billionaire Robert Kuok, paid 13.3 billion yuan (US$2.1 billion) for four plots of mixed-use land in Shanghai during the municipal government’s first auction of the year on January 4. It plans to turn the site... https://www.scmp.com/business/article/3162930/kerry-properties-becomes-latest-hong-kong-developer-make-huge-land?utm_source=rss_feed https://www.scmp.com/business/article/3162930/kerry-properties-becomes-latest-hong-kong-developer-make-huge-land?utm_source=rss_feed Tue, 11 Jan 2022 23:30:21 +0000 The current trend in Hong Kong is for developers to launch small, affordable flats targeted at first-time buyers. However, there are some who are going in the other direction, building massive houses that are a rarity in the city. Kerry Properties, which focuses on the top-end of the luxury residential market, will soon release three houses measuring over 11,000 square feet each at Mont Verra in Beacon Hill, Kowloon Tong. “Such exclusive, brand new large mansions are extremely rare in Hong... https://www.scmp.com/business/article/3156975/who-are-buyers-11000-sq-ft-hong-kong-mansions-come-safe-rooms-adjustable?utm_source=rss_feed https://www.scmp.com/business/article/3156975/who-are-buyers-11000-sq-ft-hong-kong-mansions-come-safe-rooms-adjustable?utm_source=rss_feed Tue, 23 Nov 2021 00:30:20 +0000 Hong Kong’s homebuyers continued to pile into the residential property market, snapping up three of four flats on offer in two districts across the city, encouraged by an improving local economy and prospects of easy financing. Up to 197 of 265 apartments, or 74 per cent, of available new flats on offer at two projects were sold as at 8:00pm, sales agents said. Kwai Hung Group sold 128 of 130 flats released in the first batch of the Mangrove project in Hung Hom, defying the banks that pulled the... https://www.scmp.com/business/money/article/3149276/hong-kongs-homebuyers-defy-banks-jitters-snapping-flats-built-little?utm_source=rss_feed https://www.scmp.com/business/money/article/3149276/hong-kongs-homebuyers-defy-banks-jitters-snapping-flats-built-little?utm_source=rss_feed Sat, 18 Sep 2021 11:49:49 +0000 Hong Kong’s buoyant home market continued to strengthen, as buyers bought 88 per cent of the 455 flats on offer at three projects in one of the biggest sales weekends this year, putting the city on track to post a record September in sales. Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by capitalisation, posted a fourth consecutive weekend of bumper sales at its Wetland Seasons Bay project in Tin Shui Wai, selling all 212 apartments on offer, with 4,062 bidders vying for every... https://www.scmp.com/business/article/3148423/hong-kongs-home-buyers-pile-posting-another-bumper-sales-weekend-en-route?utm_source=rss_feed https://www.scmp.com/business/article/3148423/hong-kongs-home-buyers-pile-posting-another-bumper-sales-weekend-en-route?utm_source=rss_feed Sat, 11 Sep 2021 12:32:57 +0000 Hong Kong’s homebuyers returned to the city’s largest weekend property sales in almost a year, snapping up almost 92 per cent of the flats on offer, as sentiments were lifted by an improving economy and easy financing amid low interest rates. As many as 541 of the 588 apartments on offer at three projects found buyers as at 9:30pm, according to sales agents. At the former Kai Tak airport in Kowloon, Henderson Land Development sold 68 of 100 flats released in the first batch of The Henley III... https://www.scmp.com/business/article/3147593/hong-kongs-september-home-sales-head-record-buyers-snap-most-588-flats?utm_source=rss_feed https://www.scmp.com/business/article/3147593/hong-kongs-september-home-sales-head-record-buyers-snap-most-588-flats?utm_source=rss_feed Sat, 04 Sep 2021 11:38:57 +0000 A subsidiary of Wharf (Holdings) has agreed to pay a higher-than-expected HK$12 billion (US$1.5 billion) to become the owner of the first residential land parcel to be sold since 2010 in Hong Kong’s most exclusive housing enclave. At HK$46,272 per square foot, the sale has also set a record for Hong Kong’s most expensive residential site sold by government tender in terms of square footage. Back in 2006, Sun Hung Kai Properties splashed out HK$1.8 billion, or HK$42,196 per square foot, for the... https://www.scmp.com/business/article/3115150/wharf-development-pays-us15-billion-peak-plot-sets-record-most-expensive?utm_source=rss_feed https://www.scmp.com/business/article/3115150/wharf-development-pays-us15-billion-peak-plot-sets-record-most-expensive?utm_source=rss_feed Wed, 23 Dec 2020 12:30:25 +0000 Reeling from a lack of tourists, Hong Kong hotels first launched staycation packages targeted at families to stay afloat. Now, they have set their sights on the city’s working women, launching promotions aimed at capturing a portion of their estimated US$72 billion disposable income. The Park Lane Hong Kong recently launched a “beauty-cation” package. Two guests can enjoy beauty treatments and services such as a one-on-one skin consultation, laser treatment, hair diagnosis, hand treatment,... https://www.scmp.com/business/companies/article/3109187/hong-kong-hotels-entice-women-beauty-packages-and-spa-treatments?utm_source=rss_feed https://www.scmp.com/business/companies/article/3109187/hong-kong-hotels-entice-women-beauty-packages-and-spa-treatments?utm_source=rss_feed Wed, 11 Nov 2020 00:30:13 +0000 Hong Kong homebuyers snapped up dozens of new flats on Sunday, in a bumper weekend of home sales amid easing fears over a fourth wave of the coronavirus outbreak and resilient demand from first-time homebuyers. Hong Kong Ferry Holdings and Empire Group had sold 85, or nearly 70 per cent, of the 123 flats on offer in the second phase of Starfront Royale in Tuen Mun as of 8pm, agents said. More than 3,600 people registered for a lottery to buy the flats, translating into 29 buyers vying for each... https://www.scmp.com/business/article/3108989/hongkongers-come-out-droves-buy-property-even-developers-steadily-raise?utm_source=rss_feed https://www.scmp.com/business/article/3108989/hongkongers-come-out-droves-buy-property-even-developers-steadily-raise?utm_source=rss_feed Sun, 08 Nov 2020 12:30:12 +0000