https://www.scmp.com/rss/513055/feed Salina Li joined the Post in 2022. She has earned several awards including 2024 Hong Kong News Awards, State Street Institutional Press Awards and 9th Business Journalism Awards hosted by Hang Seng University of Hong Kong. She holds a bachelor's degree in journalism and sociology from the University of Hong Kong. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Salina Li Salina Li In a spacious three-storey village house in Sai Kung on a recent sunny Saturday, Chen Wei and his family were unpacking the final boxes after their move from Shenyang, the capital of China’s northeast Liaoning province. Having come with his wife and two sons under Hong Kong’s Top Talent Pass Scheme, Chen, an e-commerce expert, represents a new force recalibrating the city’s future. “The job opportunity was the first draw, but the final decision was for them,” Chen said, gesturing to his two... https://www.scmp.com/business/article/3333670/hong-kong-talent-scheme-they-came-jobs-will-they-stay-buy-homes?utm_source=rss_feed https://www.scmp.com/business/article/3333670/hong-kong-talent-scheme-they-came-jobs-will-they-stay-buy-homes?utm_source=rss_feed Sat, 22 Nov 2025 02:00:14 +0000 Salina Li Salina Li Homebuyers on Thursday snapped up all units at a Sun Hung Kai Properties (SHKP) residential project in Kai Tak, with mainland Chinese investors accounting for nearly half of the transactions, agents said. SHKP offered 62 units in the first round of sales in the second phase of Cullinan Sky in Kai Tak. The batch included 56 one-bedroom units and six two-bedroom flats, ranging from 297 to 482 sq ft. The prices ranged from HK$6.6 million (US$849,500) to HK$15.1 million, or HK$21,713 to HK$33,500... https://www.scmp.com/business/article/3332623/sun-hung-kai-properties-cullinan-sky-kai-tak-hit-mainland-and-hong-kong-buyers?utm_source=rss_feed https://www.scmp.com/business/article/3332623/sun-hung-kai-properties-cullinan-sky-kai-tak-hit-mainland-and-hong-kong-buyers?utm_source=rss_feed Thu, 13 Nov 2025 08:03:29 +0000 Salina Li Salina Li Charles Tong Chi-kar, the vice-chairman and executive director of Tomson Group, has bought a HK$112 million (US$14.4 million) home in Mid-Levels West, joining a growing number of affluent buyers who are increasingly confident in Hong Kong’s residential market. Sold for HK$48,060 per square foot, the 2,335 sq ft four-bedroom unit at The Legacy, developed by Henderson Land, was handed over to Tong on Monday, according to the Land Registry. Tomson Group, known for its luxurious Tomson Riviera... https://www.scmp.com/business/companies/article/3332446/tomson-groups-charles-tong-buys-us144-million-hong-kong-home-amid-luxury-market-surge?utm_source=rss_feed https://www.scmp.com/business/companies/article/3332446/tomson-groups-charles-tong-buys-us144-million-hong-kong-home-amid-luxury-market-surge?utm_source=rss_feed Wed, 12 Nov 2025 06:30:44 +0000 Salina Li Salina Li Savvy investors, including a buyer of a floor at Opus in Mid-Levels who is connected to the family of a Cambodian Chinese tycoon, are pouncing on Hong Kong’s slumping commercial property market to snap up bargains. The 12th floor of 18 On Lan Street, a Ginza-style commercial building in Central, was handed over to Surplus Inc for HK$34 million (US$4.4 million) on Friday, according to Land Registry records. That represented a 65 per cent loss for the previous owner, Zhou Shubo, who bought the... https://www.scmp.com/business/article/3332358/hong-kongs-slumping-commercial-property-market-lures-savvy-tycoon-linked-buyer?utm_source=rss_feed https://www.scmp.com/business/article/3332358/hong-kongs-slumping-commercial-property-market-lures-savvy-tycoon-linked-buyer?utm_source=rss_feed Tue, 11 Nov 2025 10:31:45 +0000 Salina Li Salina Li Two McDonald’s shops in Hong Kong have been sold to the same buyer for HK$183 million (US$23.5 million), marking the fast-food chain’s second and third sales this month as it proceeds with an asset-disposal plan amid an improving commercial property market. A 7,357 sq ft property in Mong Kok’s Good Hope Building was handed over to Verity Partners for HK$83.2 million, or HK$11,293 per square foot, on Friday, according to data from the Land Registry. A two-storey shop spanning 6,826 sq ft at 12... https://www.scmp.com/business/article/3332236/mcdonalds-hong-kong-shops-sell-hotcakes-two-properties-go-us235-million?utm_source=rss_feed https://www.scmp.com/business/article/3332236/mcdonalds-hong-kong-shops-sell-hotcakes-two-properties-go-us235-million?utm_source=rss_feed Mon, 10 Nov 2025 12:16:20 +0000 Salina Li Salina Li Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer, edged five other bidders to win the tender for a parcel of land in the New Territories, a residential development that is expected to cost about HK$6 billion (US$772 million). The tender for the Tuen Mun A16 station package one property development, which closed on Wednesday, was awarded to SHKP subsidiary Mega Asia International, MTR Corp said on Thursday, without disclosing the winning bid amount. The package one development, with... https://www.scmp.com/business/companies/article/3331816/shkp-unit-mega-asia-wins-tender-mtrs-tuen-mun-site?utm_source=rss_feed https://www.scmp.com/business/companies/article/3331816/shkp-unit-mega-asia-wins-tender-mtrs-tuen-mun-site?utm_source=rss_feed Thu, 06 Nov 2025 12:03:27 +0000 Salina Li Salina Li Reap, a Hong Kong-based fintech company that provides services through stablecoin-enabled infrastructure, has opened its 10,000 sq ft headquarters in Quarry Bay as part of its global expansion strategy. Founded in 2018 as part of Cyberport’s incubation programme, Reap chose Hong Kong as the base for its global expansion to capitalise on cross-border payment opportunities. “Few cities in the world offer this combination of deep multi-currency liquidity, regulatory clarity and global market... https://www.scmp.com/business/article/3331612/hong-kong-headquarters-anchor-fintech-firm-reaps-global-stablecoin-powered-expansion?utm_source=rss_feed https://www.scmp.com/business/article/3331612/hong-kong-headquarters-anchor-fintech-firm-reaps-global-stablecoin-powered-expansion?utm_source=rss_feed Wed, 05 Nov 2025 08:29:25 +0000 Salina Li,Cheryl Arcibal Salina Li,Cheryl Arcibal McDonald’s Corp has sold a shop in Yuen Long via public tender for HK$77.4 million (US$9.9 million), the fast-food chain’s first since it announced an asset-disposal plan in July. The three-storey, 9,695 sq ft property in Yuen Long Trade Centre was handed over to the buyer, Acc Investment, on Monday, according to data from the Land Registry. McDonald’s did not immediately respond to a request for comment. The sale fetched the company more than eight times its investment of HK$9.3 million in... https://www.scmp.com/business/article/3331517/mcdonalds-sells-first-hong-kong-property-us154-million-asset-disposal-plan?utm_source=rss_feed https://www.scmp.com/business/article/3331517/mcdonalds-sells-first-hong-kong-property-us154-million-asset-disposal-plan?utm_source=rss_feed Wed, 05 Nov 2025 00:30:07 +0000 Salina Li Salina Li Heavily indebted New World Development (NWD) has launched exchange offers for US$1.9 billion of its outstanding perpetual securities and notes to optimise its debt profile, enhance its liquidity and improve its financial position amid a challenging property market. The exchange offers covered a series of existing instruments, including perpetual securities issued by NWD Finance and notes issued by NWD (MTN) and New World China Land, which were guaranteed by NWD, according to a filing to the Hong... https://www.scmp.com/business/article/3331284/new-world-development-offers-us19-billion-debt-swap-boost-liquidity?utm_source=rss_feed https://www.scmp.com/business/article/3331284/new-world-development-offers-us19-billion-debt-swap-boost-liquidity?utm_source=rss_feed Mon, 03 Nov 2025 04:48:03 +0000 Salina Li Salina Li Hong Kong’s residential property market showed signs of improvement in the third quarter, as the crucial barometer of negative equity cases decline. The number of negative equity loans fell 17 per cent to 31,449 at the end of September, from 37,806 at the end of June, the Hong Kong Monetary Authority (HKMA) said in a statement on Friday. The total value of residential mortgage loans in these cases fell to HK$156.8 billion (US$20.18 billion), from HK$190.2 billion three months earlier. The... https://www.scmp.com/business/article/3331076/hong-kongs-third-quarter-negative-equity-cases-shrink-17-banks-staff-shift-loans?utm_source=rss_feed https://www.scmp.com/business/article/3331076/hong-kongs-third-quarter-negative-equity-cases-shrink-17-banks-staff-shift-loans?utm_source=rss_feed Fri, 31 Oct 2025 09:25:09 +0000 Salina Li Salina Li A mega waterfront commercial site in Hong Kong’s Quarry Bay that has been left idle for nearly two decades by a now-bankrupt local businessman may finally be poised for a revival. The current owner, Marine Riches, majority owned by Seoul-based private equity group MBK Partners, had applied to amend plans for the site to the Town Planning Board – a move that came amid signs of recovery in Hong Kong’s retail sector and property market. Marine Riches proposed to build a mixed-use development... https://www.scmp.com/business/article/3331006/idle-hong-kong-seafront-site-gets-new-lease-life-private-equity-firm-mbk-partners?utm_source=rss_feed https://www.scmp.com/business/article/3331006/idle-hong-kong-seafront-site-gets-new-lease-life-private-equity-firm-mbk-partners?utm_source=rss_feed Fri, 31 Oct 2025 04:25:32 +0000 Salina Li Salina Li A multinational infrastructure consultancy has leased 120,000 sq ft for its upgraded Asia headquarters at a grade A office building of New World Development (NWD) in Cheung Sha Wan, setting a record as the biggest post-pandemic deal of its kind in the district. Aecom, drawn by the district’s well-developed transport network and accessibility, which supports employee commutes and business development across the Greater Bay Area and Northern Metropolis, was the latest tenant at NWD’s 83 King Lam... https://www.scmp.com/business/article/3330860/hong-kong-developer-nwd-seals-record-deal-global-firm-aecoms-asia-headquarters?utm_source=rss_feed https://www.scmp.com/business/article/3330860/hong-kong-developer-nwd-seals-record-deal-global-firm-aecoms-asia-headquarters?utm_source=rss_feed Thu, 30 Oct 2025 06:10:28 +0000 Salina Li Salina Li Adrian Cheng Chi-kong, former heir apparent to Hong Kong property giant New World Development (NWD) and founder of investment firm ALMAD Group, has become a shareholder in CBCX Group, a London-headquartered multi-asset broker. Founded in 2011, CBCX offers a trading platform for currencies, precious metals, stocks, indices and commodities. It is also expanding into the digital-asset ecosystem. “This strategic investment will inject significant momentum and resources into CBCX’s growth across the... https://www.scmp.com/business/companies/article/3330482/hong-kong-scion-adrian-cheng-backs-london-based-multi-asset-broker-cbcx?utm_source=rss_feed https://www.scmp.com/business/companies/article/3330482/hong-kong-scion-adrian-cheng-backs-london-based-multi-asset-broker-cbcx?utm_source=rss_feed Mon, 27 Oct 2025 09:45:10 +0000 Salina Li Salina Li Brisk transactions in Hong Kong’s primary residential market continued apace, with two projects recording robust sales over the weekend. Buyers had acquired 74 of the 138 units on Sunday at the 680-unit Grand Mayfair III on 29 Kam Tin Road in the New Territories in the second round of the project’s sales on Sunday, according to agents. The project, jointly developed by Sino Land, K Wah International, China Overseas Land and Investment and MTR Corp, sold all 138 units in the first round on... https://www.scmp.com/business/article/3330362/hong-kong-property-grand-mayfair-iii-and-woodis-see-brisk-sales-market-picks?utm_source=rss_feed https://www.scmp.com/business/article/3330362/hong-kong-property-grand-mayfair-iii-and-woodis-see-brisk-sales-market-picks?utm_source=rss_feed Sun, 26 Oct 2025 08:45:15 +0000 Salina Li Salina Li Family members and executives at Hong Kong property developer Great Eagle continue to snap up local residential units, as the city’s housing market sees improved investment sentiment amid market stabilisation. Members of the family of Lo Ka-shui, chairman and managing director of Great Eagle, as well as executives of the company, jointly acquired six residential units on Hong Kong Island and in the New Territories this month for a combined total of HK$58.9 million (US$7.5 million). Two units at... https://www.scmp.com/property/article/3330231/great-eagle-insiders-snap-6-hong-kong-flats-us75-million-amid-improving-market?utm_source=rss_feed https://www.scmp.com/property/article/3330231/great-eagle-insiders-snap-6-hong-kong-flats-us75-million-amid-improving-market?utm_source=rss_feed Fri, 24 Oct 2025 09:55:48 +0000 Salina Li Salina Li Hong Kong developer Sino Land’s chairman, Daryl Ng Win Kong, is confident about the outlook for the city’s property market next year, noting multiple positive signals have emerged boosting the market. Chief among the factors were the start of a lower interest-rate cut cycle and a robust initial public offering market, Ng said after the company’s annual general meeting on Wednesday, his first since being appointed chairman in August. The Hong Kong Monetary Authority reduced rates in September for... https://www.scmp.com/business/article/3329956/sino-land-chairman-darryl-ng-sees-positive-signs-hong-kongs-property-market?utm_source=rss_feed https://www.scmp.com/business/article/3329956/sino-land-chairman-darryl-ng-sees-positive-signs-hong-kongs-property-market?utm_source=rss_feed Wed, 22 Oct 2025 10:40:43 +0000 Salina Li Salina Li Hong Kong’s first-hand housing market saw brisk transactions on Monday, with buyers snapping up all available units at a project in Yuen Long, New Territories. The 680-unit Grand Mayfair III on 29 Kam Tin Road – jointly developed by Sino Land, K Wah International, China Overseas Land and Investment and MTR Corp – sold all 138 units that were put up for sale, according to the developers. The development is part of the 2,220-unit Grand Mayfair project. The developers released the first price list... https://www.scmp.com/business/article/3329804/grand-mayfair-iii-sells-all-units-amid-stabilising-hong-kong-property-market?utm_source=rss_feed https://www.scmp.com/business/article/3329804/grand-mayfair-iii-sells-all-units-amid-stabilising-hong-kong-property-market?utm_source=rss_feed Tue, 21 Oct 2025 10:00:50 +0000 Salina Li Salina Li Mainland Chinese homebuyers remain a strong driving force in Hong Kong’s residential property market, spending HK$38 billion (US$4.9 billion) to account for 25 per cent of the city’s total home transactions in the third quarter, according to Centaline Property Agency. Buyers with names in pinyin – the mainland’s system of romanisation of Chinese script – registered 3,797 deals between July and September, up 7 per cent from the previous quarter, Centaline said in a report on Monday. It noted that... https://www.scmp.com/business/money/article/3329675/mainland-chinese-buyers-fuel-25-hong-kong-home-sales-last-quarter-centaline-says?utm_source=rss_feed https://www.scmp.com/business/money/article/3329675/mainland-chinese-buyers-fuel-25-hong-kong-home-sales-last-quarter-centaline-says?utm_source=rss_feed Mon, 20 Oct 2025 09:15:07 +0000 Salina Li Salina Li China’s new home prices fell at the fastest pace in 11 months in September across 70 major cities despite easing policies, as high inventories, concerns over job security and economic uncertainty continued to hurt confidence in the property market, analysts said. New home prices fell 0.4 per cent month on month, following a 0.3 per cent decline in August, according to National Bureau of Statistics (NBS) data released on Monday. It was the biggest monthly decline since last October’s 0.5 per cent... https://www.scmp.com/business/article/3329662/chinas-new-home-prices-slump-fastest-pace-11-months-amid-dented-buyer-confidence?utm_source=rss_feed https://www.scmp.com/business/article/3329662/chinas-new-home-prices-slump-fastest-pace-11-months-amid-dented-buyer-confidence?utm_source=rss_feed Mon, 20 Oct 2025 08:06:44 +0000 Salina Li Salina Li Hong Kong’s residential property market is gradually mending investor sentiment, according to analysts, who are nonetheless cautious about a full recovery amid geopolitical tensions and economic uncertainties. Investors accounted for 20 per cent of the market’s total transactions so far in 2025, according to UBS property analyst Mark Leung, who added that some districts with residential projects near universities might have a higher proportion. The average gross rental yield for mass residential... https://www.scmp.com/business/banking-finance/article/3329470/hong-kong-residential-property-markets-improvement-whets-investor-appetite-analysts-say?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3329470/hong-kong-residential-property-markets-improvement-whets-investor-appetite-analysts-say?utm_source=rss_feed Mon, 20 Oct 2025 01:30:08 +0000 Salina Li,Daniel Ren Salina Li,Daniel Ren Hong Kong homebuyers snapped up new flats at a Henderson Land project in Wan Chai in the latest sign of a real-estate market recovery. By early evening on Saturday, all 75 units on offer at the Woodis residential development on Wood Road were sold out, according to property agents. The buying spree aligns with market expectations, following Henderson’s decision to price the units competitively with neighbouring flats in the secondary market. The average discounted price was set at HK$23,224... https://www.scmp.com/business/companies/article/3329524/hong-kong-homebuyers-flock-henderson-land-project-wan-chai?utm_source=rss_feed https://www.scmp.com/business/companies/article/3329524/hong-kong-homebuyers-flock-henderson-land-project-wan-chai?utm_source=rss_feed Sat, 18 Oct 2025 11:33:51 +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 Salina Li Salina Li Hong Kong’s residential rental market has improved for eight consecutive months, with rents reaching a record high amid sustained local and overseas demand as analysts predict the gains will continue into 2026. Home rents in the city have increased 2.95 per cent this year, according to Benny Sham, an analyst at Midland Realty. “The rental index stands at a historical high since tracking began, and we expect the figure to increase further, as the drivers for leasing momentum will remain robust,”... https://www.scmp.com/business/article/3329151/hong-kong-home-rents-flirt-record-set-keep-rising-next-year-agents-say?utm_source=rss_feed https://www.scmp.com/business/article/3329151/hong-kong-home-rents-flirt-record-set-keep-rising-next-year-agents-say?utm_source=rss_feed Wed, 15 Oct 2025 23:00:15 +0000 Salina Li Salina Li The chairman of Hong Kong-listed women’s apparel retailer Moiselle International Holdings sold a property last week, the latest in a slew of disposals over the past few months amid a gradual improvement in the city’s residential market. A 2,429 sq ft four-bedroom flat in Tregunter Tower in Mid-Levels was handed over on Friday to an entity called New Pacific Investment for HK$81.8 million (US$10.5 million), according to the Land Registry. The seller, Dragon Field, bought the unit in 2011,... https://www.scmp.com/business/companies/article/3328938/hong-kong-listed-moiselles-chairman-sells-mid-levels-flat-us105-million-amid-upturn?utm_source=rss_feed https://www.scmp.com/business/companies/article/3328938/hong-kong-listed-moiselles-chairman-sells-mid-levels-flat-us105-million-amid-upturn?utm_source=rss_feed Tue, 14 Oct 2025 07:38:55 +0000 Salina Li Salina Li The chairman of embattled China Vanke has abruptly stepped down after being appointed early this year, in another blow to the debt-laden property developer. Vanke’s board of directors received a resignation letter from Xin Jie on Sunday. Xin applied to resign as chairman and non-executive director, and would no longer hold any position in the company after his resignation, the developer said in a filing to the Hong Kong stock exchange on Monday. Xin, who has a state-linked background, was... https://www.scmp.com/business/china-business/article/3328798/embattled-chinese-property-developer-vankes-chairman-steps-down-debt-pressures-mount?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3328798/embattled-chinese-property-developer-vankes-chairman-steps-down-debt-pressures-mount?utm_source=rss_feed Mon, 13 Oct 2025 08:37:22 +0000 Salina Li Salina Li Buyers connected to Hong Kong property developer Great Eagle Holdings have bought another home in the New Territories after snapping up dozens of units across the city in recent months. The 773 sq ft three-bedroom unit at Grand Mayfair II in Kam Tin South, developed by China Overseas, Sino Land and K Wah, was sold for HK$11.99 million (US$1.54 million), or HK$15,510 per square foot, and handed over to Rising Thrive on October 2, according to Land Registry records. Alexander Lo Chun-him, Kan... https://www.scmp.com/business/article/3328506/hong-kong-developer-great-eagles-executives-jointly-acquire-us15-million-flat?utm_source=rss_feed https://www.scmp.com/business/article/3328506/hong-kong-developer-great-eagles-executives-jointly-acquire-us15-million-flat?utm_source=rss_feed Fri, 10 Oct 2025 07:05:41 +0000 Salina Li Salina Li The Hong Kong government will launch a single residential site in Kowloon for tender in its third financial quarter, as authorities focus on the Northern Metropolis to launch new land sales as soon as the end of this year. A plot measuring 40,902 sq ft at Choi Hing Road, Jordan Valley, will be made available via tender in the December quarter, enough to provide about 570 average-sized flats, according to the Secretary for Development Bernadette Linn Hon-ho. That launch would come after the... https://www.scmp.com/business/article/3328408/hong-kong-offer-small-kowloon-site-tender-focus-sharpens-northern-metropolis?utm_source=rss_feed https://www.scmp.com/business/article/3328408/hong-kong-offer-small-kowloon-site-tender-focus-sharpens-northern-metropolis?utm_source=rss_feed Thu, 09 Oct 2025 11:50:29 +0000 Cheryl Arcibal,Salina Li Cheryl Arcibal,Salina Li Hang Seng Bank chief operating officer Vivien Chiu Wai-man has paid HK$40 million (US$5.14 million) for a 1,651 sq ft luxury flat in Happy Valley, joining a growing list of top business executives and affluent residents who are buying high-end real estate in Hong Kong amid an improving property market. The flat in Beverly Hill on Broadwood Road was handed over to Chiu on October 6, according to Land Registry records. Chiu paid HK$24,228 per square foot for the flat, which was a record this year... https://www.scmp.com/business/banking-finance/article/3328392/hang-seng-bank-coo-pays-us514-million-luxury-flat-happy-valley?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328392/hang-seng-bank-coo-pays-us514-million-luxury-flat-happy-valley?utm_source=rss_feed Thu, 09 Oct 2025 10:04:32 +0000 Salina Li Salina Li On Thursday afternoon, hours after HSBC Holdings announced a plan to privatise subsidiary Hang Seng Bank, the local lender’s headquarters in Central was crowded with customers queuing for services. Among them were many elderly people, including five who told the Post they were not aware of the news and were unsure if it would have an impact on their bank accounts. London-based HSBC would buy all outstanding Hang Seng Bank shares for HK$155 each in cash, or a premium of 30 per cent over the... https://www.scmp.com/business/article/3328356/plan-privatise-hang-seng-bank-elicits-mixed-reactions-customers?utm_source=rss_feed https://www.scmp.com/business/article/3328356/plan-privatise-hang-seng-bank-elicits-mixed-reactions-customers?utm_source=rss_feed Thu, 09 Oct 2025 08:16:19 +0000 Salina Li Salina Li Hong Kong’s largest flex-office provider, International Workplace Group (IWG), has opened a new 10-storey facility in Central, as the rise in stock market confidence and listing activities supported the recovery in the city’s office market, according to property consultants. IWG on Wednesday opened the company’s 22nd workspace location in Hong Kong at The Voeux, located at 102-104 Des Voeux Road, which offers more than 6,400 square feet of flexible office space to cater to the needs of... https://www.scmp.com/business/article/3328265/hong-kongs-largest-flex-office-provider-opens-new-workspace-facility-demand-improves?utm_source=rss_feed https://www.scmp.com/business/article/3328265/hong-kongs-largest-flex-office-provider-opens-new-workspace-facility-demand-improves?utm_source=rss_feed Wed, 08 Oct 2025 12:13:39 +0000 Salina Li Salina Li The son of former financial secretary Henry Tang Ying-yen has bought property in Kowloon, joining a growing number of affluent buyers snapping up homes in Hong Kong amid improving confidence in the residential market. Two connected units at Wheelock Properties’ Kadoorie Hill luxury project were sold for HK$36.4 million (US$4.7 million) each and handed over on October 3, according to the Land Registry. The flats were bought through two entities, Jumbo Bridge and Risking Sky. William Harry Tang... https://www.scmp.com/business/article/3328109/henry-tangs-son-buys-2-flats-wheelocks-kadoorie-hill-boost-property-market?utm_source=rss_feed https://www.scmp.com/business/article/3328109/henry-tangs-son-buys-2-flats-wheelocks-kadoorie-hill-boost-property-market?utm_source=rss_feed Tue, 07 Oct 2025 08:06:49 +0000 Salina Li Salina Li HSBC has opened its first wealth management centre in the United Arab Emirates (UAE) – the first step of its biggest investment in the international wealth and premier banking business in two decades – to tap the growing investment appetite of affluent investors in the Middle East, according to a top banker. The bank’s 24,000 sq ft wealth centre started operations in Dubai on Tuesday, where some 90 relationship managers will cater to the investment needs of high-net-worth individuals in the UAE.... https://www.scmp.com/business/banking-finance/article/3326294/hsbc-opens-first-middle-east-wealth-hub-dubai-tap-booming-uae-investment-market?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3326294/hsbc-opens-first-middle-east-wealth-hub-dubai-tap-booming-uae-investment-market?utm_source=rss_feed Sun, 21 Sep 2025 23:30:15 +0000 Salina Li Salina Li Affluent Hong Kong investors – from the former CEO of the Hong Kong stock exchange to the chairman of Great Eagle Holdings – have been snapping up residential properties, despite doubts by many prospective homebuyers that prices of flats across the city have hit bottom. Francis Yuen Tin-fan and his wife Rose Lee Wai-mun spent HK$92 million (US$11.8 million) on two luxury flats at The Knightsbridge in Kai Tak over a span of two months. Their latest transaction on Tuesday was for a 1,259 sq ft... https://www.scmp.com/property/hong-kong-china/article/3326237/signs-confidence-affluent-hong-kong-investors-snap-luxury-flats-market-improves?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3326237/signs-confidence-affluent-hong-kong-investors-snap-luxury-flats-market-improves?utm_source=rss_feed Sun, 21 Sep 2025 04:00:18 +0000 Salina Li Salina Li Hong Kong’s Olympic fencing champion Cheung Ka-long has bought a HK$16 million (US$2.05 million) flat in New Territories, joining a host of celebrities snapping up homes amid signs of a recovery in the property market. Cheung paid HK$17,300 per square foot for the 932 sq ft three-bedroom flat at Sun Hung Kai Properties’ St Martin project in Tai Po’s Pak Shek Kok by tender in July, according to the first-hand transactions register. The registered buyer of the property is Cheung Ka-long, who is... https://www.scmp.com/business/article/3326203/hong-kong-olympic-fencer-cheung-ka-long-buys-hk16-million-flat-sun-hung-kai-project?utm_source=rss_feed https://www.scmp.com/business/article/3326203/hong-kong-olympic-fencer-cheung-ka-long-buys-hk16-million-flat-sun-hung-kai-project?utm_source=rss_feed Fri, 19 Sep 2025 13:08:05 +0000 Salina Li Salina Li New World Development (NWD) and CK Asset Holdings on Thursday became the first two developers to announce property sales after interest rates were lowered, with analysts saying the move would boost transactions but not prices due to elevated supply. NWD said all 120 units at House Muse in Kowloon City would go on sale on Friday. It is the first new residential project to be launched after the Hong Kong Monetary Authority (HKMA) cut rates for the first time this year, bringing down the cost of... https://www.scmp.com/business/article/3325987/nwd-and-ck-asset-launch-sales-hoping-hkmas-first-rate-cut-year-revives-sentiment?utm_source=rss_feed https://www.scmp.com/business/article/3325987/nwd-and-ck-asset-launch-sales-hoping-hkmas-first-rate-cut-year-revives-sentiment?utm_source=rss_feed Thu, 18 Sep 2025 09:15:12 +0000 Salina Li Salina Li China’s new home prices extended a weak trend in August – falling 0.3 per cent month-over-month in 70 major cities – but showed a marginal improvement from a year earlier as state-led policies stabilised a persistently weak sector. New home prices have been sliding since April, 2022, on a year-on-year basis but the decline is showing signs of narrowing, according to data published by the National Bureau of Statistics on Monday. Prices fell 3 per cent year-on-year in August, compared with a... https://www.scmp.com/business/article/3325552/chinas-property-market-shows-signs-stabilisation-despite-monthly-fall?utm_source=rss_feed https://www.scmp.com/business/article/3325552/chinas-property-market-shows-signs-stabilisation-despite-monthly-fall?utm_source=rss_feed Mon, 15 Sep 2025 05:11:07 +0000 Salina Li Salina Li Two major residential developments in Hong Kong saw tepid sales over the weekend despite a slow recovery in the city’s property market, showing that buyer sentiment has yet to fully rebound even as developers strive for higher profit margins amid a stabilisation in home prices, according to analysts. “Developers are now testing the waters” by pricing new projects at market rates, aligning with average prices in nearby developments or slightly higher, said Joseph Tsang, chairman of JLL Hong Kong.... https://www.scmp.com/business/article/3325484/hong-kong-developers-test-homebuyer-sentiment-residential-market-outlook-improves?utm_source=rss_feed https://www.scmp.com/business/article/3325484/hong-kong-developers-test-homebuyer-sentiment-residential-market-outlook-improves?utm_source=rss_feed Sun, 14 Sep 2025 08:31:05 +0000 Salina Li Salina Li Liquidators for the delisted mainland property group China Evergrande Group have received non-binding offers for a property management unit they have been seeking to offload, according to a Hong Kong Stock Exchange filing on Thursday night. Evergrande Property Services Group (EPS) said in the filing it had received an approach letter from Evergrande’s liquidators and entered into confidentiality agreements for a potential transaction that could see the developer sell its stake in the property... https://www.scmp.com/business/china-business/article/3325268/evergrande-eyes-sale-stake-us13-billion-property-services-unit?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3325268/evergrande-eyes-sale-stake-us13-billion-property-services-unit?utm_source=rss_feed Fri, 12 Sep 2025 02:19:15 +0000 Salina Li Salina Li Hong Kong developer K. Wah International on Thursday said it priced units in a new residential development in Tin Hau 17 per cent higher than a new neighbouring project that was launched last year, as both transactions and home prices have lately shown signs of recovery. K. Wah International said it priced 30 units in its Kabitat Tin Hau project, located at 33 King’s Road, at an average price of HK$24,311 (US$3,121) per square foot after a maximum discount. The average price in the 74-flat... https://www.scmp.com/business/companies/article/3325230/developer-k-wah-international-prices-new-tin-hau-units-higher-level-neighbour?utm_source=rss_feed https://www.scmp.com/business/companies/article/3325230/developer-k-wah-international-prices-new-tin-hau-units-higher-level-neighbour?utm_source=rss_feed Thu, 11 Sep 2025 12:42:27 +0000 Salina Li Salina Li David Webb, a Hong Kong corporate governance activist who is battling terminal cancer, issued an open letter criticising Hong Kong fashion retailer Bauhaus International Holdings’ decision to buy a residential property instead of making a dividend payout. Webb holds more than 8 per cent of the company’s shares and is the second-largest shareholder after the chairman, Winnie Tong She-man, who controls 58.9 per cent, according to a recent Hong Kong public filing. The open letter, published on... https://www.scmp.com/business/article/3325093/david-webb-criticizes-retailer-bauhaus-buying-flat-not-paying-dividend?utm_source=rss_feed https://www.scmp.com/business/article/3325093/david-webb-criticizes-retailer-bauhaus-buying-flat-not-paying-dividend?utm_source=rss_feed Thu, 11 Sep 2025 00:30:08 +0000 Salina Li Salina Li Global family offices will remain consistent in their strategic allocations over the next 12 months amid growing concerns over geopolitical risks, though some are willing to increase their exposure to public and private equity, Goldman Sachs said in a survey published on Wednesday. Meena Flynn, co-head of global private wealth management at the US investment bank, said the global average asset allocation remained broadly consistent from 2023 to 2025, though respondents expressed concerns about... https://www.scmp.com/business/article/3325078/family-offices-keep-consistent-allocations-over-next-12-months-goldman-sachs-survey?utm_source=rss_feed https://www.scmp.com/business/article/3325078/family-offices-keep-consistent-allocations-over-next-12-months-goldman-sachs-survey?utm_source=rss_feed Wed, 10 Sep 2025 12:21:19 +0000 Salina Li Salina Li Singaporean tycoon Philip Ng Chee Tat has amassed a stake in Vitasoy International that almost matches the company’s biggest shareholder in a series of purchases since October, raising the specter of a potential takeover bid. Via his food and drink firm Yeo Hiap Seng and his family office, Philip Ng, the younger brother of Sino Group chairman Robert Ng Chee Siong, has increased his stake in Vitasoy to 16.03 per cent, or 168 million shares. Winston Lo Yau-lai, Vitasoy’s executive chairman, owns... https://www.scmp.com/business/companies/article/3324933/singapore-tycoon-philip-ng-builds-vitasoy-stake-nearly-par-largest-shareholder?utm_source=rss_feed https://www.scmp.com/business/companies/article/3324933/singapore-tycoon-philip-ng-builds-vitasoy-stake-nearly-par-largest-shareholder?utm_source=rss_feed Tue, 09 Sep 2025 13:28:56 +0000 Salina Li Salina Li Homebuyers snapped up units on the first day of Swire Properties’ largest residential development sale in 20 years, as Hong Kong’s home sales remained brisk and lived-in home prices saw consecutive incremental increases. Some 87 units, or almost half the 180 units at Headland Residence in Chai Wan, were sold as of 6pm on Saturday, according to agents. The units comprised 31 one-bedroom, 130 two-bedroom and 19 three-bedroom flats. After deducting the maximum 15 per cent discount, total prices... https://www.scmp.com/business/china-business/article/3324594/swires-chai-wan-development-finds-eager-buyers-hong-kongs-property-market-heats?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3324594/swires-chai-wan-development-finds-eager-buyers-hong-kongs-property-market-heats?utm_source=rss_feed Sat, 06 Sep 2025 06:56:31 +0000 Salina Li Salina Li One of Hong Kong’s best-known real estate investors has put another luxury home up for sale at a discount, as the city’s property glut and elevated interest rates weigh on highly leveraged entrepreneurs. David Chan Ping-chi, dubbed the “Cassette King” for his fortunes made from producing audiovisual cassettes and compact discs, plans to sell a three-storey mansion at 51 Mount Davis Road on Hong Kong Island to repay debt, he said in a phone interview with the Post. Chan is asking for about HK$450... https://www.scmp.com/business/article/3324155/hong-kongs-cassette-king-puts-another-luxury-property-sale-pay-debt?utm_source=rss_feed https://www.scmp.com/business/article/3324155/hong-kongs-cassette-king-puts-another-luxury-property-sale-pay-debt?utm_source=rss_feed Wed, 03 Sep 2025 06:36:22 +0000 Salina Li Salina Li Debt-laden New World Development’s (NWD) controlling shareholder may eventually have to offer the firm liquidity support by either buying properties or providing loans if the developer cannot sell assets to other parties, according to JPMorgan. But an injection of capital, as suggested by a recent media report, was less likely, the US investment bank said in a report on Tuesday. NWD stock dropped on Tuesday after the property developer said it had not received a proposal from its controlling... https://www.scmp.com/news/hong-kong/article/3323995/nwd-says-it-has-not-received-proposal-cheng-family-capital-injection?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/3323995/nwd-says-it-has-not-received-proposal-cheng-family-capital-injection?utm_source=rss_feed Tue, 02 Sep 2025 03:54:44 +0000 Salina Li Salina Li More of Hong Kong’s small and medium-sized property developers will face default risks, market experts said, adding that they hoped the government would provide more capital support as banks remained cautious about issuing new loans. “There is no white knight in the market, so investors and companies that are in financial distress have to self-rescue,” said Glen Ho, national turnaround and restructuring leader at consulting firm Deloitte. “The market is very rigid, lacking new capital, as banks... https://www.scmp.com/business/banking-finance/article/3323817/more-hong-kong-small-and-medium-sized-property-developers-face-default-risks-experts?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3323817/more-hong-kong-small-and-medium-sized-property-developers-face-default-risks-experts?utm_source=rss_feed Sun, 31 Aug 2025 11:00:08 +0000 Salina Li Salina Li Finnish lift maker Kone plans to set up its southern China headquarters in Shenzhen, which will include a research and development centre and a logistics hub, to tap growing opportunities in the Greater Bay Area. The company on Friday signed an agreement with the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen, marking the launch of its investment initiative in the Guangdong-Hong Kong-Macau Greater Bay Area. “It’s a very significant investment for Kone,” said Joe... https://www.scmp.com/business/companies/article/3323611/kone-elevate-greater-bay-area-operations-new-headquarters-shenzhen?utm_source=rss_feed https://www.scmp.com/business/companies/article/3323611/kone-elevate-greater-bay-area-operations-new-headquarters-shenzhen?utm_source=rss_feed Fri, 29 Aug 2025 07:21:23 +0000 Salina Li Salina Li Hong Kong-listed property developer Shui On Land on Thursday said its first-half net income fell 29 per cent from a year earlier, as the mainland real estate market remained challenged, though it added that Shanghai’s luxury market was resilient. In a filing with the Hong Kong stock exchange, the company said its profit attributable to shareholders fell to 51 million yuan (US$7.1 million) from 72 million yuan a year earlier, as the mainland market was affected by trade tensions, geopolitical... https://www.scmp.com/business/investor-relations/article/3323531/shanghai-focused-shui-land-says-first-half-net-income-falls-29-cent?utm_source=rss_feed https://www.scmp.com/business/investor-relations/article/3323531/shanghai-focused-shui-land-says-first-half-net-income-falls-29-cent?utm_source=rss_feed Thu, 28 Aug 2025 12:30:12 +0000 Salina Li Salina Li Hong Kong recorded a billion-dollar home sale this week, another sign that ultra-wealthy customers are continuing to find choice assets even amid the city’s property slump. A mansion at 1 Gough Hill Road on The Peak on Hong Kong Island, refurbished from an old guest house used in the 1990s by Bank of China, sold for HK$1.088 billion (US$139.87 million) on Tuesday, according to the transactions register. The buyer’s identity could not be ascertained. That made it the city’s most expensive home... https://www.scmp.com/business/article/3323296/buyer-snaps-billion-dollar-peak-home-ultra-wealthy-defy-hong-kongs-property-slump?utm_source=rss_feed https://www.scmp.com/business/article/3323296/buyer-snaps-billion-dollar-peak-home-ultra-wealthy-defy-hong-kongs-property-slump?utm_source=rss_feed Wed, 27 Aug 2025 06:05:08 +0000 Salina Li Salina Li The executive director and CEO of Hang Seng Bank has bought a home in Hong Kong’s Tai Hang district, joining a growing coterie of financiers on the hunt for high-value residential property that has helped to drive the city’s lived-in home prices to a five-month high. A lived-in flat measuring 1,193 sq ft (110.8 square metres) at Flora Garden was handed over on Wednesday to Diana Ferreira Cesar, according to the Land Registry. The unit was transacted for HK$26.6 million (US$3.4 million), or... https://www.scmp.com/business/banking-finance/article/3322789/hang-seng-bank-ceo-buys-hk266-million-flat-hong-kong-home-prices-edge-higher?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3322789/hang-seng-bank-ceo-buys-hk266-million-flat-hong-kong-home-prices-edge-higher?utm_source=rss_feed Fri, 22 Aug 2025 07:45:26 +0000