https://www.scmp.com/rss/50217/feed The latest news, analysis and opinion on Hongkong Land. 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 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 Ares Management, one of Asia’s largest alternative investment managers, is doubling its real estate footprint in Hong Kong, a move that aligns with a broader expansion by financial firms and demand for office space in the core Central business district. The Los Angeles-based asset manager would add about 12,500 sq ft of space in Gloucester Tower, where it has been a tenant since 2017, according to a statement from the landlord Hongkong Land on Monday. The new lease will be effective in... https://www.scmp.com/business/article/3339546/financial-firm-ares-doubles-hong-kong-office-footprint-real-estate-outlook-improves?utm_source=rss_feed https://www.scmp.com/business/article/3339546/financial-firm-ares-doubles-hong-kong-office-footprint-real-estate-outlook-improves?utm_source=rss_feed Mon, 12 Jan 2026 05:10:41 +0000 Peggy Ye Peggy Ye Morgan Stanley upgraded Hong Kong’s property sector to “attractive”, noting that an all-round improvement in the city’s economy and a policy-driven recovery will continue to push prices higher this year. The US investment bank forecast home prices to rise around 10 per cent in 2026, with further gains expected in 2027, pointing out that the ongoing rebound marks the start of a new upcycle. “We expect all three sub-segments – Hong Kong residential prices, Central office rents and retail rents –... https://www.scmp.com/business/article/3338864/morgan-stanley-lifts-hong-kong-property-attractive-rebound-extend-2027?utm_source=rss_feed https://www.scmp.com/business/article/3338864/morgan-stanley-lifts-hong-kong-property-attractive-rebound-extend-2027?utm_source=rss_feed Tue, 06 Jan 2026 09:28:15 +0000 Vincenzo La Torre Vincenzo La Torre Earlier this year, property group Hongkong Land announced that Landmark, its flagship mall in Hong Kong’s Central district, would undergo a major three-year renovation involving the revamp and expansion of stores from top tenants such as Cartier, Chanel, Dior and Louis Vuitton. The company said it would invest US$400 million into the three-year redevelopment and the brands involved would add a further US$600 million. Belowground, a retail concept first introduced five years ago, has revealed a... https://www.scmp.com/magazines/style/lifestyle/leisure/article/3337323/belowground-retail-concept-unveils-new-look-hong-kong-part-landmarks-revamp?utm_source=rss_feed https://www.scmp.com/magazines/style/lifestyle/leisure/article/3337323/belowground-retail-concept-unveils-new-look-hong-kong-part-landmarks-revamp?utm_source=rss_feed Mon, 22 Dec 2025 10:00:21 +0000 Cheryl Arcibal Cheryl Arcibal The 50,000-seat Kai Tak Stadium is transforming Hong Kong into a major sports and events destination, as it drives repeat tourism, supports retailers and helps prop up the city’s retail property landlords, according to experts. It served as the venue for British rock band Coldplay’s four-night concert in April and K-pop girl group Twice’s first-ever shows in the city earlier this month. A three-night gig by K-pop sensation Blackpink will also be held there next month. The stadium had been ranked... https://www.scmp.com/business/article/3336788/hong-kongs-kai-tak-stadium-lifts-citys-status-major-sports-and-entertainment-venue?utm_source=rss_feed https://www.scmp.com/business/article/3336788/hong-kongs-kai-tak-stadium-lifts-citys-status-major-sports-and-entertainment-venue?utm_source=rss_feed Wed, 17 Dec 2025 10:30:08 +0000 Cheryl Arcibal Cheryl Arcibal Hongkong Land is set to launch what it expects to be the largest private real estate fund in Singapore, with more than S$8 billion (US$6.2 billion) in assets under management, including prime commercial projects in the waterfront Marina Bay district. At inception, the Singapore Central Private Real Estate Fund (SCPREF) would include one-third stakes in One Raffles Quay and Marina Bay Financial Centre Towers 1 and 2, the Hong Kong-based commercial landlord and developer said in a statement on... https://www.scmp.com/business/article/3336260/hongkong-land-poised-launch-us6-billion-singapore-property-fund?utm_source=rss_feed https://www.scmp.com/business/article/3336260/hongkong-land-poised-launch-us6-billion-singapore-property-fund?utm_source=rss_feed Fri, 12 Dec 2025 11:30:18 +0000 Peggy Ye Peggy Ye Hongkong Land has secured the return of international law firm Harneys to its office portfolio in the Central business district, in a deal that underscores improved sentiment in Hong Kong’s premium commercial property market. Harneys, which marks its 20th year in Hong Kong in 2025, has signed an eight-year lease for 11,048 sq ft on the 14th floor of Alexandra House, part of Hongkong Land’s Landmark complex. The firm, a repeat tenant previously based in Exchange Square, will relocate in February... https://www.scmp.com/property/hong-kong-china/article/3335842/hongkong-lands-leasing-deal-law-firm-harneys-sign-flight-quality?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3335842/hongkong-lands-leasing-deal-law-firm-harneys-sign-flight-quality?utm_source=rss_feed Wed, 10 Dec 2025 05:00:08 +0000 Cheryl Arcibal Cheryl Arcibal Schiaparelli, a fashion house known for its unique and surreal designs, is set to make its Asian debut with a permanent outlet in Hong Kong, according to Hongkong Land. The shop in Landmark, one of the city’s premium shopping centres in the main Central business district, was set to open in January, said Alexander Li, head of retail at the commercial real estate developer and landlord. “It will be Schiaparelli’s first boutique in Asia and they chose Hongkong Land’s Landmark as the first place to... https://www.scmp.com/business/article/3335499/schiaparelli-picks-hong-kongs-landmark-first-flagship-asian-store?utm_source=rss_feed https://www.scmp.com/business/article/3335499/schiaparelli-picks-hong-kongs-landmark-first-flagship-asian-store?utm_source=rss_feed Mon, 08 Dec 2025 01:30:15 +0000 SCMP Style Reporter SCMP Style Reporter This festive season, Landmark Atrium has been transformed into “Noëlia”, a dreamy French chateau-inspired winter village and the luxury mall’s largest-ever holiday installation. Soaring 11 metres high and spanning 30 metres across, the sprawling fixture also hosts Hong Kong’s biggest (and probably only) interactive wishing lake, Lake Lumière. “For generations, Landmark has been synonymous with Central’s most festive moments,” says Alexander Li, director and head of retail for Hong Kong & Macau... https://www.scmp.com/magazines/style/lifestyle/leisure/article/3335015/style-edit-hongkong-lands-noelia-brings-wintry-festive-scene-landmark-atrium?utm_source=rss_feed https://www.scmp.com/magazines/style/lifestyle/leisure/article/3335015/style-edit-hongkong-lands-noelia-brings-wintry-festive-scene-landmark-atrium?utm_source=rss_feed Fri, 05 Dec 2025 02:00:15 +0000 Jiang Chuqin Jiang Chuqin A 20‑metre (66 feet) Christmas tree, absent from Central for several years, will return this festive season as the centrepiece of an annual winter festival, featuring a light show for the first time, the Hong Kong Tourism Board has announced. Hong Kong WinterFest, running from November 14 to January 4, would transform Statue Square Garden in Central into a Christmas town for locals and visitors alike, the board said on Friday. The tree, wrapped in ribbons, will be surrounded by toy-themed... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3331990/20-metre-christmas-tree-and-new-light-show-bring-festive-cheer-hong-kong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3331990/20-metre-christmas-tree-and-new-light-show-bring-festive-cheer-hong-kong?utm_source=rss_feed Fri, 07 Nov 2025 12:35:22 +0000 Cheryl Arcibal,Salina Li Cheryl Arcibal,Salina Li Alibaba Group Holding and Ant Group have agreed to pay HK$7.2 billion (US$925 million) to buy the top floors of a Causeway Bay office tower that Mandarin Oriental International is building on the site of The Excelsior hotel, marking Hong Kong’s largest real estate transactions since 2021. Alibaba and Ant bought 301,555 sq ft (28,015 square metres) of space, comprising the top 13 floors of the 24-storey building, with parking space for 50 vehicles and signage rights to the tower, according to... https://www.scmp.com/business/article/3329403/alibaba-ant-buy-top-13-floors-one-causeway-bay-relief-hong-kongs-property-glut?utm_source=rss_feed https://www.scmp.com/business/article/3329403/alibaba-ant-buy-top-13-floors-one-causeway-bay-relief-hong-kongs-property-glut?utm_source=rss_feed Fri, 17 Oct 2025 09:24:38 +0000 Daniel Ren Daniel Ren Canadian athletic apparel retailer Lululemon has become the latest tenant of Hongkong Land’s mixed-use project Westbund Central in Shanghai, adding lustre to a waterfront area in the city’s southwestern Xuhui district amid a property downtrend. The company would officially open its China store support centre on October 27, a move to show Lululemon’s vibrancy in line with the development of the West Bund, an emerging central business district (CBD) built on the 11km-long zone, according to Ng San... https://www.scmp.com/business/china-business/article/3328746/lululemon-moves-hongkong-lands-project-shanghai-giving-emerging-cbd-boost?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3328746/lululemon-moves-hongkong-lands-project-shanghai-giving-emerging-cbd-boost?utm_source=rss_feed Mon, 13 Oct 2025 07:36:15 +0000 Cheryl Arcibal Cheryl Arcibal Mandarin Oriental International said on Tuesday it was in discussions regarding the potential sale of a portion of its prime mixed-use building, One Causeway Bay, in one of Hong Kong’s top retail and business hubs. The company, which operated 43 assets worldwide as of June, said negotiations were ongoing but “there can be no certainty that any sale will proceed, nor as to the terms on which such a sale might be made”. “A further announcement will be made if and when appropriate,” it said. A... https://www.scmp.com/business/article/3327369/mandarin-oriental-confirms-talks-sell-top-floors-new-one-causeway-bay-tower?utm_source=rss_feed https://www.scmp.com/business/article/3327369/mandarin-oriental-confirms-talks-sell-top-floors-new-one-causeway-bay-tower?utm_source=rss_feed Tue, 30 Sep 2025 08:30:14 +0000 Emily Hung Emily Hung In the old but bustling Hong Kong neighbourhood of To Kwa Wan, a small community living room with a dedicated halal kitchen offers a vital sanctuary for Muslim residents like Azmat Tariq. The 2,000 sq ft (186 square metres) space, which is called HUB13, on Pau Chung Street is where the Pakistani homemaker, who lives with her husband and three children in a tenement building with no lift, can take a rare moment of respite. There, Azmat gathers with others from the neighbourhood, learns about... https://www.scmp.com/news/hong-kong/society/article/3320577/new-hong-kong-community-living-room-kwa-wan-boon-ethnic-minority-groups?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3320577/new-hong-kong-community-living-room-kwa-wan-boon-ethnic-minority-groups?utm_source=rss_feed Sun, 03 Aug 2025 04:36:46 +0000 Vincenzo La Torre Vincenzo La Torre After making headlines last month with the opening of a ship-shaped store in Shanghai that’s still the talk of the town in China and beyond, it looks as though Louis Vuitton has big plans for Hong Kong too. The Parisian label has just erected a large expanse of scaffolding at the K11 Musea mall, located in the shopping and tourist district of Tsim Sha Tsui. The space overlooks the landmark Avenue of Stars, which boasts sweeping views of the iconic Victoria Harbour and Hong Kong skyline. Louis... https://www.scmp.com/magazines/style/fashion/fashion-news/article/3318371/louis-vuittons-new-space-k11-musea-hong-kong-after-unveiling-giant-ship-louis-shanghai-label?utm_source=rss_feed https://www.scmp.com/magazines/style/fashion/fashion-news/article/3318371/louis-vuittons-new-space-k11-musea-hong-kong-after-unveiling-giant-ship-louis-shanghai-label?utm_source=rss_feed Wed, 16 Jul 2025 03:23:03 +0000 Daniel Ren,Vanessa Cai Daniel Ren,Vanessa Cai Shanghai’s West Bund, an 11km-long waterfront area in mainland China’s financial capital, has bucked the property downtrend plaguing the sector, as companies and retail brands flock to office buildings and malls in the zone. The vibrant area, located on the west bank of the Huangpu River in the southwestern Xuhui district, is emerging as the latest central business district (CBD), with premium office buildings and retail space like Hongkong Land’s Westbund Central. The city kicked off the... https://www.scmp.com/business/china-business/article/3318039/shanghais-west-bund-defies-property-slump-new-cbd-attracts-mncs-bmw-adidas?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3318039/shanghais-west-bund-defies-property-slump-new-cbd-attracts-mncs-bmw-adidas?utm_source=rss_feed Mon, 14 Jul 2025 00:30:07 +0000 Salina Li Salina Li Property deals in Hong Kong fell to a three-month low in May as caution prevailed amid heightened US-China tensions and stock market volatility, while distressed commercial real estate owners continued to offload assets at heavily discounted prices. Transactions for new and lived-in homes, offices, shops, car parking slots and industrial units dropped 11 per cent month on month to 6,442, the lowest tally since February, according to data from the Land Registry. The value of the deals dropped 0.5... https://www.scmp.com/business/article/3312845/hong-kongs-real-estate-market-cools-may-deals-slumping-3-month-low?utm_source=rss_feed https://www.scmp.com/business/article/3312845/hong-kongs-real-estate-market-cools-may-deals-slumping-3-month-low?utm_source=rss_feed Tue, 03 Jun 2025 05:41:12 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong Exchanges & Clearing has agreed to pay HK$6.3 billion (US$812 million) for office floors and retail space in One Exchange Square and other related assets in Central from Hongkong Land, marking one of the city’s biggest commercial property transactions in two years. The stock exchange operator said on Thursday that it would buy the top nine floors and some retail space on the podium in the building in the city’s core business district, according to a statement. It aims to turn the... https://www.scmp.com/business/article/3307803/hkex-pay-us812-million-office-retail-space-exchange-square-permanent-home?utm_source=rss_feed https://www.scmp.com/business/article/3307803/hkex-pay-us812-million-office-retail-space-exchange-square-permanent-home?utm_source=rss_feed Thu, 24 Apr 2025 10:58:22 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong office landlords are increasingly in a “defensive” position amid a supply glut that is driving tenants to upgrade to better and cheaper locations and facilities, according to analysts. “The flight to quality of existing tenants within Hong Kong is absolutely going to continue with all the new supply coming in the next three to four years,” said Sam Gourlay, head of the office leasing advisory at JLL for Hong Kong Island. “We will see downward rental pressure on grade B and grade... https://www.scmp.com/business/article/3300106/hong-kong-office-landlords-defensive-mode-amid-supply-glut-relocation-trend?utm_source=rss_feed https://www.scmp.com/business/article/3300106/hong-kong-office-landlords-defensive-mode-amid-supply-glut-relocation-trend?utm_source=rss_feed Wed, 26 Feb 2025 00:30:09 +0000 It wasn’t part of Keith Statham’s [general manager of the Hongkong Arts Festival Society] plan to have the Fringe find its own orbit in just two years. It was supposed to be a satellite encircling the mother ship festival and called into action once a year. Keith was a strategist. Without his smart manoeuvring inside and outside the boardroom, the Hong Kong Festival Fringe wouldn’t have got off the ground in the first place. He knew there would be roadblocks. He knew his board members would... https://www.scmp.com/postmag/culture/article/3288375/how-hong-kongs-cultural-hub-came-be-thanks-one-mans-fascination-abandoned-building?utm_source=rss_feed https://www.scmp.com/postmag/culture/article/3288375/how-hong-kongs-cultural-hub-came-be-thanks-one-mans-fascination-abandoned-building?utm_source=rss_feed Wed, 27 Nov 2024 12:15:08 +0000 Salina Li Salina Li A total of 33 developers expressed interest in MTR Corporation’s second attempt to sell a parcel of land in Tung Chung near Hong Kong’s international airport, after a senior government official urged builders to show faith in the city’s future earlier this month. The site on Lantau Island, part of the Tung Chung East Station development project, attracted no suitable bids in November last year. The tender will be the first since Xia Baolong, head of the Hong Kong and Macau Affairs Office, told... https://www.scmp.com/business/article/3287578/second-try-hong-kong-land-sale-draws-33-developers-cautious-bids-expected?utm_source=rss_feed https://www.scmp.com/business/article/3287578/second-try-hong-kong-land-sale-draws-33-developers-cautious-bids-expected?utm_source=rss_feed Thu, 21 Nov 2024 11:00:09 +0000 Cheryl Arcibal Cheryl Arcibal Dozens of Hongkong Land’s assets in China and Southeast Asia are likely to be divested while those in Hong Kong are likely to be spared, as the developer shifts its focus to ultra-luxury commercial developments, according to analysts. Last month, the developer, the biggest commercial landlord in Hong Kong’s Central business district, said its goal was to recycle US$10 billion in capital by 2035, including US$6 billion from development properties. To reach this goal, Hongkong Land is likely to... https://www.scmp.com/business/article/3286727/china-singapore-key-hongkong-lands-us10-billion-asset-disposal-goal?utm_source=rss_feed https://www.scmp.com/business/article/3286727/china-singapore-key-hongkong-lands-us10-billion-asset-disposal-goal?utm_source=rss_feed Sun, 17 Nov 2024 03:00:16 +0000 Cheryl Arcibal Cheryl Arcibal Hongkong Land, controlled by Jardine Matheson, is looking to raise US$10 billion by selling and reshuffling its assets in mainland China and other parts of Asia, as the developer switches its focus to the “ultra-premium” property market after a strategic review. The largest commercial property landlord in Central has earmarked 50 such targets for sale after a “thorough review over the past six months” of its strengths, financial performance and business direction, CEO Michael Smith said in an... https://www.scmp.com/business/article/3284334/hongkong-land-seeks-us10-billion-asset-sales-jardine-eyes-ultra-premium-market?utm_source=rss_feed https://www.scmp.com/business/article/3284334/hongkong-land-seeks-us10-billion-asset-sales-jardine-eyes-ultra-premium-market?utm_source=rss_feed Tue, 29 Oct 2024 09:25:57 +0000 Cheryl Arcibal,Salina Li Cheryl Arcibal,Salina Li Hong Kong developers are likely to report weak earnings this year and next despite recent stimulus measures, as the commercial market prepares for a supply glut and residents seek to splurge either on the mainland or overseas, according to ratings agency Moody’s. The forecast comes a week after Chief Executive John Lee Ka-chiu unveiled a more liberal mortgage-financing policy, which added to the optimism that was sparked by global central banks starting to raise interest rates. The less than... https://www.scmp.com/business/article/3283577/hong-kong-developers-ck-asset-sun-hung-kai-swire-feel-earnings-pain-moodys?utm_source=rss_feed https://www.scmp.com/business/article/3283577/hong-kong-developers-ck-asset-sun-hung-kai-swire-feel-earnings-pain-moodys?utm_source=rss_feed Thu, 24 Oct 2024 00:30:08 +0000 Enoch Yiu Enoch Yiu HSBC, the city’s biggest lender, expects six more rate cuts in the US, which will considerably bring down the cost of funding and benefit the local economy and markets, according to its Hong Kong head. The Federal Reserve, which cut its key rate by half a percentage point on September 18, will undertake another six cuts of 25 basis points at each of its meetings until June, with the next expected on November 7, according to HSBC Global Research. The Fed’s rate target range may drop to 3.25 to... https://www.scmp.com/business/article/3281261/hsbc-sees-6-us-rate-cuts-until-june-2025-boon-hong-kongs-economy-and-investments?utm_source=rss_feed https://www.scmp.com/business/article/3281261/hsbc-sees-6-us-rate-cuts-until-june-2025-boon-hong-kongs-economy-and-investments?utm_source=rss_feed Mon, 07 Oct 2024 00:00:22 +0000 Yulu Ao Yulu Ao Hongkong Land, the biggest landlord in Hong Kong’s Central business district, recorded widening losses for the first half of this year, placing the blame on poor sales in mainland China’s long-suffering property market. The company’s net loss in the first six months expanded 150 per cent to US$833 million from US$333 million in the same period last year, according to an announcement released late on Thursday. The company said this reflects non-cash losses related to revaluations of investment... https://www.scmp.com/business/china-business/article/3272844/hongkong-land-net-loss-expands-150-amid-weak-sales-mainland-china-projects?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3272844/hongkong-land-net-loss-expands-150-amid-weak-sales-mainland-china-projects?utm_source=rss_feed Fri, 02 Aug 2024 00:00:13 +0000 Hot on the heels of news that Hongkong Land and luxury brands are set to pour US$1 billion over three years into renovating Central’s Landmark properties, the developer’s “Tomorrow’s Central” project is already yielding returns for mall-goers, with Sotheby’s two-storey Maison at Landmark Chater set to open this weekend, on July 27. The 24,000 sq ft space is set to burnish Hong Kong’s credentials as a global centre for the arts and comes after the city’s auction houses reported encouraging spring... https://www.scmp.com/magazines/post-magazine/short-reads/article/3271875/sothebys-maison-opens-landmark-chater-host-exhibitions-performances-and-auctions?utm_source=rss_feed https://www.scmp.com/magazines/post-magazine/short-reads/article/3271875/sothebys-maison-opens-landmark-chater-host-exhibitions-performances-and-auctions?utm_source=rss_feed Thu, 25 Jul 2024 09:36:40 +0000 Cheryl Arcibal Cheryl Arcibal More pain is in store for Hong Kong’s retail market amid “structural changes” that have led to residents spending more overseas and online while the city attracts fewer mainland Chinese visitors who are splurging less than in previous years, according to S&P Global Ratings. “We anticipate that Hong Kong’s retail sales will be under pressure this year, after declining 6 per cent year on year for the first five months,” the credit-rating agency said in a report titled “Hong Kong Property: Survival... https://www.scmp.com/business/article/3269575/hong-kong-retail-pain-persist-amid-local-spending-leakage-while-visitors-splurge-less?utm_source=rss_feed https://www.scmp.com/business/article/3269575/hong-kong-retail-pain-persist-amid-local-spending-leakage-while-visitors-splurge-less?utm_source=rss_feed Mon, 08 Jul 2024 07:30:08 +0000 Hong Kong needs to implement a carbon tax for building owners and use more environmentally friendly construction materials to reduce the carbon footprint of the city’s concrete jungle, according to the father of the global green building movement. Reducing embodied carbon – the greenhouse-gas emissions associated with the manufacturing, transportation and installation of materials – will be the next wave of the green building movement, David Gottfried, the founder of both the World Green... https://www.scmp.com/business/article/3260906/green-buildings-hong-kong-needs-revolution-materials-cull-old-carbon-hog-structures-says-david?utm_source=rss_feed https://www.scmp.com/business/article/3260906/green-buildings-hong-kong-needs-revolution-materials-cull-old-carbon-hog-structures-says-david?utm_source=rss_feed Tue, 30 Apr 2024 23:30:13 +0000 The CEOs of major landlords and developers in Hong Kong have made building on the normalisation that began last year a top priority for 2024, with a focus on strengthening balance sheets, evolving tenant portfolios and exploring new business opportunities. These priorities also come with an emphasis on sustainability by offering green services to customers, they said. High interest rates, a slowing economy, a lack of talent and Hong Kong’s ageing population are among key challenges as the... https://www.scmp.com/business/article/3246818/ceos-top-hong-kong-builders-landlords-share-optimism-outlook-see-sustainability-key-issue-amid?utm_source=rss_feed https://www.scmp.com/business/article/3246818/ceos-top-hong-kong-builders-landlords-share-optimism-outlook-see-sustainability-key-issue-amid?utm_source=rss_feed Mon, 01 Jan 2024 03:30:15 +0000 Hong Kong’s luxury retail market is likely to regain some lost ground in 2024 as high-end brands slowly find their way back to the city after an exodus sparked by 2019’s street protests and three years of pandemic restrictions. Industry observers, however, remain split about the pace and scale of recovery. Hongkong Land, the biggest commercial landlord in the main business district of Central, is particularly optimistic that brands and tenants are finding new impetus to expand their presence.... https://www.scmp.com/business/article/3246779/hong-kongs-luxury-retail-sector-likely-regain-ground-lost-protests-pandemic-2024-high-end-brands?utm_source=rss_feed https://www.scmp.com/business/article/3246779/hong-kongs-luxury-retail-sector-likely-regain-ground-lost-protests-pandemic-2024-high-end-brands?utm_source=rss_feed Sun, 31 Dec 2023 03:30:15 +0000 Harvey Nichols, the London-headquartered multibrand luxury retailer, is leaving Landmark, the upscale mall in Hong Kong’s Central after 18 years. The retailer is set to officially close its doors by the end of the financial year in March, after deciding to give up the lease for 60,000 sq ft of space, according to Hong Kong-based owner Dickson Concepts (International)’s latest financial report. Harvey Nichols will continue to focus on its operations in Pacific Place, another upscale shopping... https://www.scmp.com/business/article/3242757/harvey-nichols-vacate-landmark-mall-hong-kongs-central-after-nearly-2-decades-amid-weak-spending?utm_source=rss_feed https://www.scmp.com/business/article/3242757/harvey-nichols-vacate-landmark-mall-hong-kongs-central-after-nearly-2-decades-amid-weak-spending?utm_source=rss_feed Fri, 24 Nov 2023 11:28:50 +0000 Hongkong Land Holdings, the largest landlord in the city’s Central business district, has appointed Mapletree Investments’ Michael Smith as CEO. Smith, who is currently the regional chief executive for Europe and the United States at Singapore-based Mapletree, a global real estate development, investment, capital and property management company with more than US$55 billion in assets under management, will take over the role from April 1 next year, Hongkong Land said on Tuesday. Smith will... https://www.scmp.com/business/companies/article/3242366/hongkong-land-appoints-singapore-based-mapletrees-michael-smith-ceo?utm_source=rss_feed https://www.scmp.com/business/companies/article/3242366/hongkong-land-appoints-singapore-based-mapletrees-michael-smith-ceo?utm_source=rss_feed Tue, 21 Nov 2023 23:00:18 +0000 Ever thought you’d see James Middleton, Kate Middleton’s younger brother, strolling the streets of Central, eating street food in Mong Kok, and dancing the night away in SoHo? OK, there’s no proof he did those exact things, but he did live in Hong Kong for some time – and those are just the basics for any first-timer moving to the city, so we like to picture it all the same. View this post on Instagram A post shared by James Middleton (@jmidy) Yup. The... https://www.scmp.com/magazines/style/people/celebrities/article/3241490/kate-middletons-family-links-hong-kong-princess-wales-brother-james-came-expand-his-marshmallow?utm_source=rss_feed https://www.scmp.com/magazines/style/people/celebrities/article/3241490/kate-middletons-family-links-hong-kong-princess-wales-brother-james-came-expand-his-marshmallow?utm_source=rss_feed Thu, 16 Nov 2023 08:00:22 +0000 SCMP Reporters SCMP Reporters When the Australian-Chinese activist Tse Tsan-tai and the British journalist Alfred Cunningham published the first print run of the South China Morning Post in November 1903, Hong Kong was already a bustling entrepot teeming with a vibrant business community that served foreign merchants in their commercial activities. At least a dozen of those companies that preceded the birth year of the Post remain to this day. AS Watson, 1828 The company traces its roots to 1828 as the Canton Dispensary and... https://www.scmp.com/business/companies/article/3240188/watson-hsbc-and-star-ferry-many-hong-kongs-oldest-businesses-predated-post?utm_source=rss_feed https://www.scmp.com/business/companies/article/3240188/watson-hsbc-and-star-ferry-many-hong-kongs-oldest-businesses-predated-post?utm_source=rss_feed Wed, 08 Nov 2023 00:15:13 +0000 Jardine House, the 52-storey building with the distinctive circular windows at the heart of Hong Kong’s Central district, is celebrating the 50th anniversary of its completion this year, a silent witness to the city’s development as a premier financial hub in Asia. Then known as Connaught Centre, the building was the tallest in Asia at 178.5 metres when it opened in 1973 but only held that record until 1974, according to Hongkong Land, the owner and operator of the property and one of Hong... https://www.scmp.com/business/article/3240395/hongkong-lands-jardine-house-iconic-witness-50-years-citys-development-celebrates-milestone?utm_source=rss_feed https://www.scmp.com/business/article/3240395/hongkong-lands-jardine-house-iconic-witness-50-years-citys-development-celebrates-milestone?utm_source=rss_feed Sun, 05 Nov 2023 23:00:26 +0000 Hongkong Land, the biggest landlord in Hong Kong’s Central business district, has launched a new sustainability scheme to help its office tenants reduce their carbon footprints. It is the latest developer to launch an initiative that forms part of an industry-wide decarbonisation push to reach the city’s climate targets. Through its Tenant Sustainability Partnership Programme (TSPP) launched on Tuesday, the developer aims to improve both its own and its tenants’ environmental performance by... https://www.scmp.com/business/companies/article/3233450/climate-change-hongkong-land-joins-push-make-citys-buildings-greener-scheme-cut-office-tenants?utm_source=rss_feed https://www.scmp.com/business/companies/article/3233450/climate-change-hongkong-land-joins-push-make-citys-buildings-greener-scheme-cut-office-tenants?utm_source=rss_feed Tue, 05 Sep 2023 08:15:12 +0000 Hong Kong’s Ombudsman on Thursday said she would investigate the planning and lands departments’ law enforcement actions against unauthorised developments after receiving complaints. Ombudsman Winnie Chiu Wai-yin said the Planning Department identified hundreds of unauthorised development cases every year, some of which fell under different divisions or occurred in conservation zones. She said the watchdog had received 30 related complaints over the past three years, reflecting public concern... https://www.scmp.com/news/hong-kong/law-and-crime/article/3229857/ombudsman-investigate-actions-taken-against-unauthorised-developments-after-receiving-30-complaints?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3229857/ombudsman-investigate-actions-taken-against-unauthorised-developments-after-receiving-30-complaints?utm_source=rss_feed Thu, 03 Aug 2023 08:25:09 +0000 Israeli start-up Verobotics plans to deploy dozens of its autonomous robots to inspect and clean the exterior of Hong Kong skyscrapers in the coming months, as the city’s developers step up adoption of innovative property technology solutions. The Tel Aviv-based company’s lightweight robots, which are powered by artificial intelligence (AI) technology, can work around the clock and clean buildings up to 10 times faster than traditional workers, which make them a perfect match for the city’s... https://www.scmp.com/tech/tech-trends/article/3225208/israeli-firm-verobotics-pushes-use-ai-powered-robots-ascend-and-clean-hong-kongs-skyscrapers-city?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3225208/israeli-firm-verobotics-pushes-use-ai-powered-robots-ascend-and-clean-hong-kongs-skyscrapers-city?utm_source=rss_feed Fri, 23 Jun 2023 12:30:10 +0000 Hongkong Land, one of the city’s largest commercial landlords, is embarking on its single biggest investment ever with a US$8 billion mixed-use project in Shanghai, at a time when investment in mainland China’s property sector has been declining and the economy slowing. The project, called the West Bund Financial Hub, is located in the Xuhui Waterfront or Shanghai’s West Bund, and its total development area is more than twice the size of the developer’s current portfolio in Hong Kong’s Central... https://www.scmp.com/business/article/3224977/hongkong-land-unveils-shanghai-us8-billion-financial-hub-project-its-single-largest-investment?utm_source=rss_feed https://www.scmp.com/business/article/3224977/hongkong-land-unveils-shanghai-us8-billion-financial-hub-project-its-single-largest-investment?utm_source=rss_feed Thu, 22 Jun 2023 08:30:34 +0000 The very first cable car connecting the west and east banks of the Huangpu River in Shanghai is expected to be completed in three years. The project will be developed by property developer Hongkong Land, China Travel Service (Hong Kong) and West Bund, which is backed by the government of Shanghai’s Xuhui district. “The cable car will facilitate transport between the Puxi area on the western bank of the Huangpu and Pudong on the eastern side, and can create a new level of excitement and adventure... https://www.scmp.com/business/china-business/article/3218918/first-cable-car-across-shanghais-huangpu-river-jointly-developed-builder-hongkong-land-expected-be?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3218918/first-cable-car-across-shanghais-huangpu-river-jointly-developed-builder-hongkong-land-expected-be?utm_source=rss_feed Mon, 01 May 2023 06:00:13 +0000 The central Shanghai district of Xuhui is campaigning to lure Hong Kong businesses and professionals with up to 17 million yuan (US$2.5 million) in subsidies while also offering Hong Kong builders the chance to develop about 2 million square metres of land. The local government of Xuhui, the heart of China’s financial hub, is offering qualified Hong Kong enterprises that establish their headquarters there up to 5 million yuan in launching subsidies as well as 12 million yuan in office leasing... https://www.scmp.com/business/china-business/article/3218050/shanghais-xuhui-district-entices-hong-kong-businesses-subsidies-offers-12-plots-land-hong-kong?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3218050/shanghais-xuhui-district-entices-hong-kong-businesses-subsidies-offers-12-plots-land-hong-kong?utm_source=rss_feed Sun, 23 Apr 2023 09:29:58 +0000 Hong Kong’s depressed office-rental market is showing signs of bottoming out, with agents fielding more leasing enquiries and rents expected to edge up by the end of the year, according to market players. The reopening of the border with mainland China has resulted in a significant increase in enquiries, according to Hongkong Land, Central’s biggest landlord. “Leasing has been quite active recently,” agreed Fiona Ngan, head of office services at Colliers. “Landlords have greater confidence and... https://www.scmp.com/business/article/3215722/sluggish-hong-kong-office-rental-market-shows-signs-bottoming-out-enquiries-pick-analysts-foresee?utm_source=rss_feed https://www.scmp.com/business/article/3215722/sluggish-hong-kong-office-rental-market-shows-signs-bottoming-out-enquiries-pick-analysts-foresee?utm_source=rss_feed Sun, 02 Apr 2023 04:30:11 +0000 Hong Kong property developers have dismissed fears about a drop in investor confidence after the authorities added national security clauses to land sale documents. Provisions from the Beijing-imposed national security law were found in recent tender documents for land sales, including one for a site at the junction of Sai Yee Street and Argyle Street in Mong Kok, where submissions will close on February 24. The document warned potential buyers they could be disqualified if they engaged in... https://www.scmp.com/news/hong-kong/politics/article/3210087/hong-kong-property-developers-dismiss-investor-confidence-fears-over-national-security-law-clauses?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3210087/hong-kong-property-developers-dismiss-investor-confidence-fears-over-national-security-law-clauses?utm_source=rss_feed Mon, 13 Feb 2023 14:44:22 +0000 International and Asian businesses will refocus on Hong Kong, as recent the recent easing of Covid-19 restrictions and expected reopening of the border with mainland China help the city retain its international financial hub status, according to Swire Properties and Hongkong Land, two of the largest commercial landlords in the city. “Assisted by the easing of border and social-distancing restrictions, we expect international and Asian financial and professional services businesses to refocus... https://www.scmp.com/business/article/3203613/swire-properties-hongkong-land-say-businesses-will-refocus-hong-kong-covid-19-curbs-end-mainland?utm_source=rss_feed https://www.scmp.com/business/article/3203613/swire-properties-hongkong-land-say-businesses-will-refocus-hong-kong-covid-19-curbs-end-mainland?utm_source=rss_feed Mon, 19 Dec 2022 01:30:12 +0000 Sotheby’s, one of the world’s largest international auction houses, is expanding its footprint in Hong Kong. The New York-headquartered firm is leasing some 24,000 square feet of space in the retail podium of a prime office building in Central, which it plans to use for hosting auctions, exhibitions and a new concept cafe. The expansion shows the auction house’s strategy to “bolster future growth in the region” as it plans to “anchor its position at the forefront of Hong Kong’s art and cultural... https://www.scmp.com/business/companies/article/3203319/sothebys-displaces-armani-chater-house-upsizes-24000-sq-ft-exhibition-space-and-cafe-hong-kong?utm_source=rss_feed https://www.scmp.com/business/companies/article/3203319/sothebys-displaces-armani-chater-house-upsizes-24000-sq-ft-exhibition-space-and-cafe-hong-kong?utm_source=rss_feed Thu, 15 Dec 2022 00:30:13 +0000 Hongkong Land is tripling the size of its food hall and adding more dining options in one of its prime buildings in Central, as commercial landlords in the city upgrade their properties in a bid to retain and attract new tenants amid rising office vacancy rates. BaseHall 2, occupying an area of 18,000 sq ft in the basement of Jardine House, will have a soft opening in mid-December, according to Hongkong Land, one of the biggest commercial building owners in the city. It is designed to be a... https://www.scmp.com/business/article/3200075/hongkong-land-upsizes-jardine-house-food-hall-satisfy-tenants-growing-fb-hunger-landlords-adapt?utm_source=rss_feed https://www.scmp.com/business/article/3200075/hongkong-land-upsizes-jardine-house-food-hall-satisfy-tenants-growing-fb-hunger-landlords-adapt?utm_source=rss_feed Fri, 18 Nov 2022 05:18:31 +0000 With prime office vacancy rates at record highs and rents continuing to slide in Hong Kong’s main business district of Central, tenants are making the most of the situation and moving to prestigious addresses. US money manager Invesco is relocating its regional headquarters to Hongkong Land’s Jardine House. The firm has signed a lease for 33,000 sq ft in the iconic building, known for its distinctive round windows, overlooking the Victoria Harbour from November 1. “We believe that Invesco is... https://www.scmp.com/business/article/3195342/invesco-relocates-hongkong-lands-jardine-house-seizing-rising-office?utm_source=rss_feed https://www.scmp.com/business/article/3195342/invesco-relocates-hongkong-lands-jardine-house-seizing-rising-office?utm_source=rss_feed Mon, 10 Oct 2022 00:30:12 +0000 Deep within the bowels of Exchange Square near the southern shore of Victoria Harbour, sitting about five metres under one of Hong Kong’s most vital buildings, a subterranean system is noisily transforming how one of the world’s most crowded cities cools itself – and reduces its carbon footprint in doing so. Seawater from the harbour is pumped directly in to cool the air-conditioning system of Exchange Square, which houses the city’s financial market place and several consulates among its three... https://www.scmp.com/business/article/3191988/ai-cooling-paint-how-smart-tech-helps-hong-kong-buildings-cut-cost-staying?utm_source=rss_feed https://www.scmp.com/business/article/3191988/ai-cooling-paint-how-smart-tech-helps-hong-kong-buildings-cut-cost-staying?utm_source=rss_feed Sat, 10 Sep 2022 02:00:26 +0000 A total of HK$500 million (US$63.7 million) is to be invested in a massive redevelopment of four areas of Hong Kong over the next five years, the Urban Renewal Authority (URA) has said. URA managing director Wai Chi-sing said the aim of the plan was to integrate new developments with older buildings. Wai explained the authority would use the cash to renovate buildings, revitalise neighbourhoods and improve the design of public spaces, as well as to promote preventive maintenance in older areas,... https://www.scmp.com/news/hong-kong/society/article/3182281/ura-spend-hk500-million-renovating-4-older-areas-hong-kong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3182281/ura-spend-hk500-million-renovating-4-older-areas-hong-kong?utm_source=rss_feed Sun, 19 Jun 2022 11:38:38 +0000