https://www.scmp.com/rss/521768/feed The latest news and top stories on Midland Realty. A leading entity in the real estate sector, Hong Kong-based Midland Realty is a prominent property agency, a subsidiary of Midland Holdings, listed on the Hong Kong stock exchange. They specialise in comprehensive residential, commercial, and industrial property agency services, alongside mortgage brokerage and immigration consultancy. Primarily serving property buyers, sellers, and renters across Hong Kong, Macau, and mainland China, Midland... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Peggy Ye Peggy Ye Rents in Hong Kong’s luxury housing market are rising as supply tightens, with returning overseas professionals heating up the competition to secure prime homes. The rebound is most evident in traditional upscale districts such as The Peak and Southside, where leasing activity has picked up sharply this year. Transactions reached 108 in the first quarter, with more than 40 per cent involving monthly rents above HK$100,000 (US$12,760), according to Midland Realty. At the centre of the surge is... https://www.scmp.com/business/companies/article/3349068/return-overseas-hires-meets-tighter-housing-supply-driving-hong-kong-luxury-rents?utm_source=rss_feed https://www.scmp.com/business/companies/article/3349068/return-overseas-hires-meets-tighter-housing-supply-driving-hong-kong-luxury-rents?utm_source=rss_feed Mon, 06 Apr 2026 02:00:08 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s property transactions crossed 7,000 for the sixth consecutive month in March – the first time in four years that monthly volumes stayed above this level – despite a slight fall last month, according to official data. Residential transactions declined by about 5.3 per cent to 6,316 from a month earlier, while their month-on-month value decreased by 4.19 per cent to HK$55.18 billion (US$7.04 billion), according to data from the Land Registry on Thursday. New and lived-in home sales... https://www.scmp.com/business/article/3348739/hong-kongs-property-deals-exceed-7000-6-straight-months-march?utm_source=rss_feed https://www.scmp.com/business/article/3348739/hong-kongs-property-deals-exceed-7000-6-straight-months-march?utm_source=rss_feed Thu, 02 Apr 2026 03:24:36 +0000 Peggy Ye Peggy Ye Veteran Hong Kong sports administrator Lawrence Yu Kam-kee is selling his Kowloon Tong home of over 50 years for about HK$190 million (US$24.2 million), after waiting patiently for market conditions to improve. “I had wanted to sell for a long time but waited until the market improved a bit to get a better price,” Yu told the South China Morning Post. He added that he had moved out of the house about a year ago as it was too large for a single occupant. The sale agreement had been signed and a... https://www.scmp.com/business/banking-finance/article/3348677/hong-kong-home-bought-52-years-ago-fetches-owner-252-times-return?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348677/hong-kong-home-bought-52-years-ago-fetches-owner-252-times-return?utm_source=rss_feed Thu, 02 Apr 2026 00:30:08 +0000 Fiona Chow Fiona Chow A City University (CityU) professor has been sentenced to 4½ months in prison for offering a HK$1,000 (US$128) bribe to a Hong Kong property agent, after a magistrate dismissed the defendant’s claims that the situation arose from “cultural differences”. Du Du, 48, an associate professor at the university’s economics and finance department, was granted bail on Wednesday to appeal against his conviction for offering an advantage to the agent in an attempt to avoid paying HK$16,000 for breaching a... https://www.scmp.com/news/hong-kong/law-and-crime/article/3347878/cityu-professor-gets-4-1/2-months-prison-offering-hk1000-bribe-agent?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3347878/cityu-professor-gets-4-1/2-months-prison-offering-hk1000-bribe-agent?utm_source=rss_feed Wed, 25 Mar 2026 10:23:28 +0000 Zhu Wenqian,Cheryl Arcibal Zhu Wenqian,Cheryl Arcibal Prime office vacancy rates in Hong Kong’s main business district dropped to single digits for the first time in 26 months, lifting overall rents in the city’s struggling office property market, according to JLL. The vacancy rate in Central for premium offices fell to 9.9 per cent in February from 10.1 per cent the previous month, the property consultancy said. The last time a single-digit rate was recorded for grade A offices in the district was in December 2023, when it also hit 9.9 per cent,... https://www.scmp.com/business/article/3347209/office-vacancy-rate-hong-kongs-central-falls-single-digits-after-2-years?utm_source=rss_feed https://www.scmp.com/business/article/3347209/office-vacancy-rate-hong-kongs-central-falls-single-digits-after-2-years?utm_source=rss_feed Fri, 20 Mar 2026 00:30:12 +0000 Peggy Ye Peggy Ye Escalating tensions in the Middle East could redirect global wealth flows and support demand for Hong Kong property, as investors seek stable financial hubs amid rising geopolitical uncertainty, analysts say. The shift comes as global wealth migration increasingly reshapes luxury property markets from Sydney to Dubai and Hong Kong. Citigroup said in a report released on Monday that prolonged instability in the region could prompt capital and talent to move out of the Middle East. The report said... https://www.scmp.com/business/banking-finance/article/3346217/hong-kong-property-could-gain-middle-east-turmoil-reshapes-global-wealth-flows?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3346217/hong-kong-property-could-gain-middle-east-turmoil-reshapes-global-wealth-flows?utm_source=rss_feed Wed, 11 Mar 2026 09:00:08 +0000 Brian Wong Brian Wong A Hong Kong court has convicted a professor of offering a HK$1,000 (US$128) bribe to a property agent in an attempt to avoid paying HK$16,000 in compensation for breaching a tenancy agreement more than three years ago. Sha Tin Court on Tuesday rejected mainland Chinese scholar Du Du’s claim that he had only intended to reimburse the agent after backing out of a provisional tenancy agreement on the same day he signed it. In finding the 48-year-old guilty of offering an advantage to an agent, the... https://www.scmp.com/news/hong-kong/law-and-crime/article/3346075/cityu-professor-convicted-offering-hk1000-bribe-avoid-tenancy-payout?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3346075/cityu-professor-convicted-offering-hk1000-bribe-avoid-tenancy-payout?utm_source=rss_feed Tue, 10 Mar 2026 07:04:53 +0000 Peggy Ye Peggy Ye Developers in Hong Kong are testing the housing market’s recovery by nudging prices up or paring discounts as improving sentiment and a rebound in transactions boost confidence in the city’s property sector. But analysts said the moves remained uneven, with many newly launched projects still offering sizeable concessions as developers continued to prioritise clearing unsold inventory accumulated during the market downturn. New World Development plans to cut the discount offered under the 120-day... https://www.scmp.com/business/markets/article/3345774/hong-kong-developers-test-home-market-recovery-raising-prices-trimming-discounts?utm_source=rss_feed https://www.scmp.com/business/markets/article/3345774/hong-kong-developers-test-home-market-recovery-raising-prices-trimming-discounts?utm_source=rss_feed Mon, 09 Mar 2026 01:30:11 +0000 Peggy Ye Peggy Ye Global investment banks are rallying behind a more bullish view of Hong Kong’s housing market, with JPMorgan Chase and Goldman Sachs joining Morgan Stanley in forecasting double-digit price gains after a stronger-than-expected rebound. Morgan Stanley was the first major bank to forecast a 10 per cent increase in home prices in January, which was widely seen as aggressive at the time. With fresh data bolstering signs of a recovery, other banks have also lifted their 2026 estimates. According to a... https://www.scmp.com/business/article/3344361/more-banks-catch-hong-kongs-housing-rebound-upgrade-market-forecast?utm_source=rss_feed https://www.scmp.com/business/article/3344361/more-banks-catch-hong-kongs-housing-rebound-upgrade-market-forecast?utm_source=rss_feed Mon, 23 Feb 2026 23:30:08 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s residential property market made gradual and steady gains in the Year of the Snake, with the momentum set to continue in the Year of the Horse, according to the city’s largest real estate agencies. “The Year of the Snake marked the end of three years of decline and a strong rebound fuelled by policy easing and wealth effect [from the Hong Kong stock market’s gain],” said Derek Chan Hoi-chiu, head of research at Ricacorp Properties. “The Year of the Horse will build on the momentum,”... https://www.scmp.com/business/article/3344141/hong-kongs-property-market-build-gains-year-horse-agents-say?utm_source=rss_feed https://www.scmp.com/business/article/3344141/hong-kongs-property-market-build-gains-year-horse-agents-say?utm_source=rss_feed Fri, 20 Feb 2026 10:00:16 +0000 Julie Zhang Julie Zhang Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, sold all 350 units released on Sunday in its Sierra Sea project, marking a fifth consecutive sell-out and underscoring returning buyer appetite in the world’s most expensive property market. The batch at phase 2B included 244 two-bedroom and 106 three-bedroom units, with discounted prices ranging from HK$4.6 million (US$590,000) to HK$9.74 million, according to sales documents released on Wednesday. The... https://www.scmp.com/business/companies/article/3341986/hong-kongs-shkp-rolls-out-350-sierra-sea-flats-after-sell-outs-worlds-priciest-market?utm_source=rss_feed https://www.scmp.com/business/companies/article/3341986/hong-kongs-shkp-rolls-out-350-sierra-sea-flats-after-sell-outs-worlds-priciest-market?utm_source=rss_feed Sun, 01 Feb 2026 09:00:12 +0000 Cheryl Arcibal Cheryl Arcibal Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, sold out another batch of flats at its Sierra Sea project in the New Territories, the city’s largest residential project in two and a half decades. All 218 units launched on Wednesday found buyers, according to property agents. The developer previously sold out two rounds in the project this year: 213 flats on January 10 and 229 flats on Saturday. Following the enthusiastic response, SHKP will hold a preview... https://www.scmp.com/business/article/3340702/hong-kong-homebuyers-snap-latest-flats-sierra-sea-shkp-set-another-sell-out?utm_source=rss_feed https://www.scmp.com/business/article/3340702/hong-kong-homebuyers-snap-latest-flats-sierra-sea-shkp-set-another-sell-out?utm_source=rss_feed Wed, 21 Jan 2026 10:02:41 +0000 Peggy Ye Peggy Ye After several subdued years, 2025 marked a turning point for demand in Hong Kong’s most prestigious housing enclaves, as mainland buyers streamed back into scarce ultra-luxury homes once prices stabilised and transaction momentum rolled into the new year. That shift was most visible in The Peak and Southern district – two low-density, ultra-wealthy neighbourhoods on opposite ends of Hong Kong Island. Mainland purchasers bought about HK$16 billion (US$2.05 billion) worth of homes in the areas in... https://www.scmp.com/business/article/3340221/mainland-chinese-buyers-pour-us2-billion-hong-kong-super-luxury-homes?utm_source=rss_feed https://www.scmp.com/business/article/3340221/mainland-chinese-buyers-pour-us2-billion-hong-kong-super-luxury-homes?utm_source=rss_feed Sun, 18 Jan 2026 02:30:13 +0000 Peggy Ye Peggy Ye A Hong Kong delegate to China’s National People’s Congress (NPC) bought a luxury residential project in the seaside enclave of Stanley for 44 per cent less than the seller paid six years ago, in the latest sign that deep discounts are drawing wealthy buyers back into the city’s high-end property market. Bunny Chan Chung-bun, also the chairman of the apparel firm Prospectful Holdings and a former district councillor, acquired Villa Mortini at 8 Stanley Beach Road for HK$310 million (US$39.8... https://www.scmp.com/business/article/3339184/hong-kong-politician-bunny-chan-bets-us40-million-luxury-market-stanley-purchase?utm_source=rss_feed https://www.scmp.com/business/article/3339184/hong-kong-politician-bunny-chan-bets-us40-million-luxury-market-stanley-purchase?utm_source=rss_feed Thu, 08 Jan 2026 09:45:09 +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 Peggy Ye Peggy Ye Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer, has priced the next batch of units on offer at its massive Sierra Sea residential project about 5 per cent higher than previous phases, signalling a welcome improvement in the city’s housing market. The 148 units in Phase 2A of the development in Sai Sha Wan, Sai Kung, were priced from HK$3.43 million (US$440,961), with an average discounted price of HK$10,968 per square foot, according to sales documents released on Tuesday. The... https://www.scmp.com/property/article/3338162/hong-kong-developer-shkp-nudges-prices-latest-sierra-sea-flats-offer?utm_source=rss_feed https://www.scmp.com/property/article/3338162/hong-kong-developer-shkp-nudges-prices-latest-sierra-sea-flats-offer?utm_source=rss_feed Tue, 30 Dec 2025 09:45:07 +0000 Peggy Ye Peggy Ye Hong Kong’s lived-in home prices rose for a sixth consecutive month in November, extending a recovery that began in the second quarter and pointing to a potentially more sustained rebound from mid-2026 as policy support and easing rates lift market confidence. The official home price index climbed to 297.3 in November, the highest level in 16 months and just shy of the 297.6 recorded in July last year, according to the Rating and Valuation Department. Prices have gained 3.52 per cent so far this... https://www.scmp.com/property/article/3337992/hong-kong-home-prices-rise-sixth-consecutive-month-setting-stage-2026?utm_source=rss_feed https://www.scmp.com/property/article/3337992/hong-kong-home-prices-rise-sixth-consecutive-month-setting-stage-2026?utm_source=rss_feed Mon, 29 Dec 2025 05:33:57 +0000 Peggy Ye Peggy Ye Hong Kong’s primary residential home sales in 2026 are forecast to again reach decade-high numbers, as developers continue to clear inventory and homebuyers focus more on small, low-cost flats. Transactions next year were projected to reach about 21,000, while total home sales were expected to climb to around 71,000, up 8 per cent from this year’s forecast, according to Midland Realty. A total of 26,479 new flats were expected to be rolled out next year, spread across Kai Tak, the North... https://www.scmp.com/business/banking-finance/article/3337924/hong-kong-primary-home-sales-poised-decade-high-2026-small-flats-energise-market?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3337924/hong-kong-primary-home-sales-poised-decade-high-2026-small-flats-energise-market?utm_source=rss_feed Sun, 28 Dec 2025 23:00:13 +0000 Peggy Ye Peggy Ye Hong Kong property developers are bringing new trophy homes to market, as Wharf Holdings kicked off a tender on Friday for three mansions at its ultra-luxury Plantation Road project on The Peak. The tender marked one of the most closely watched super-luxury home offerings in 2025, following a recent string of high-value transactions that pointed to renewed confidence in the market among affluent buyers. The three mansions, with saleable areas ranging from 5,629 to 6,122 square feet, include the... https://www.scmp.com/business/companies/article/3337885/hong-kong-developers-test-demand-ultra-luxury-homes-new-launch-peak?utm_source=rss_feed https://www.scmp.com/business/companies/article/3337885/hong-kong-developers-test-demand-ultra-luxury-homes-new-launch-peak?utm_source=rss_feed Sun, 28 Dec 2025 02:00:11 +0000 Enoch Yiu Enoch Yiu Vanke Hong Kong, a unit of distressed mainland developer China Vanke, sold only seven flats from the latest batch of its Le Mont project in Tai Po on Saturday, a muted result that brokers said was expected given the development has been on the market for months. The developer released 165 flats in the latest batch, with sizes ranging from 270 to 662 sq ft. The offering included 28 one-bedroom, 28 two-bedroom, eight three-bedroom units and eight special units, as part of a six-tower residential... https://www.scmp.com/business/article/3337177/vanke-hong-kong-sells-just-7-units-muted-le-mont-weekend-launch?utm_source=rss_feed https://www.scmp.com/business/article/3337177/vanke-hong-kong-sells-just-7-units-muted-le-mont-weekend-launch?utm_source=rss_feed Sat, 20 Dec 2025 09:19:38 +0000 Ambrose Li Ambrose Li Hong Kong authorities took market rates into account before setting a two-year annual subsidy of HK$150,000 (US$19,278) for flat owners displaced by the Tai Po fire, the city’s home affairs minister has said, amid calls for the government to monitor whether the new measure will further drive up rents in the area. Under the new measure, homeowners of the fire-damaged Wang Fuk Court will each receive the subsidy to rent homes in the private market, at a total cost of HK$1.2 billion. Both flat... https://www.scmp.com/news/hong-kong/society/article/3337056/market-rates-set-hong-kongs-hk150000-subsidy-tai-po-fire-victims-minister?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3337056/market-rates-set-hong-kongs-hk150000-subsidy-tai-po-fire-victims-minister?utm_source=rss_feed Fri, 19 Dec 2025 08:12:36 +0000 Peggy Ye Peggy Ye A top executive of a multinational logistics group has bought a luxury flat in Hong Kong’s Mid-Levels West for HK$132 million (US$16.9 million), adding to a growing list of wealthy buyers acquiring high-end homes as prices soften. Cherry Hill Investment, an entity linked to Arnold Lee, acquired the 2,772 sq ft, four-bedroom apartment at The Legacy, jointly developed by Henderson Land Development and New World Development, according to Land Registry records. The transaction was completed on... https://www.scmp.com/business/article/3336885/hong-kong-logistics-groups-ceo-buys-us17-million-home-wealthy-accumulate-assets?utm_source=rss_feed https://www.scmp.com/business/article/3336885/hong-kong-logistics-groups-ceo-buys-us17-million-home-wealthy-accumulate-assets?utm_source=rss_feed Thu, 18 Dec 2025 07:13:28 +0000 Daniel Ren,Cheryl Arcibal,Peggy Ye Daniel Ren,Cheryl Arcibal,Peggy Ye A residential project in Yau Tong triggered buying euphoria on Saturday, with more than 70 per cent of the 150 units on offer snapped up by midafternoon amid heightened expectations for a recovery in Hong Kong’s home market next year. The flats at One Park Place, priced between HK$4.23 million (US$543,684) and HK$9.51 million, were in high demand after developers Sino Land, CSI Properties and MTR Corporation offered discounts of up to 15 per cent to lure buyers. The strong homebuying interest... https://www.scmp.com/business/companies/article/3336332/yau-tong-project-sells-out-raising-hopes-market-recovery-amid-rate-cuts-rising-demand?utm_source=rss_feed https://www.scmp.com/business/companies/article/3336332/yau-tong-project-sells-out-raising-hopes-market-recovery-amid-rate-cuts-rising-demand?utm_source=rss_feed Sat, 13 Dec 2025 10:16:11 +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 Peggy Ye Peggy Ye Hong Kong’s surging residential rents show little sign of easing, with tiny flats in traditionally mid-priced Happy Valley now fetching per-square-foot rates on par with luxury homes on The Peak – a stark indicator of how deeply the city’s rental inflation has spread. One of the units at a serviced apartment development in Happy Valley, The Unit, was recently rented for HK$12,700 (US$1,631) a month, according to Chinese media. The room measures just 117 sq ft, translating to a per-square-foot... https://www.scmp.com/business/article/3335382/happy-valley-nano-flats-rival-peak-hong-kongs-rent-squeeze-deepens?utm_source=rss_feed https://www.scmp.com/business/article/3335382/happy-valley-nano-flats-rival-peak-hong-kongs-rent-squeeze-deepens?utm_source=rss_feed Sun, 07 Dec 2025 04:00:25 +0000 Yulu Ao Yulu Ao Hong Kong’s worst residential fire in history has cast a shadow over property sentiment, but the overall impact on the home market is likely to prove temporary because broader economic fundamentals will continue to drive longer-term trends, according to analysts. The devastating fire last week at Wang Fuk Court in Tai Po left at least 146 people dead and 79 injured, including firefighters, with the status of around 150 residents still unclear. “Everyone is more cautious right now, and because of... https://www.scmp.com/business/china-business/article/3334672/hong-kong-property-viewing-dips-following-deadly-fire-city-pauses-mourn?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3334672/hong-kong-property-viewing-dips-following-deadly-fire-city-pauses-mourn?utm_source=rss_feed Sun, 30 Nov 2025 11:00:09 +0000 Cheryl Arcibal Cheryl Arcibal Prime office rents in Hong Kong’s Central business district rose modestly in November – the first time in three and a half years – on the back of an overall improvement in vacancy rates, which helped buttress the negotiating stance of landlords, according to property consultancy JLL. Rents in Central inched up 0.1 per cent to HK$72.90 (US$9.36) per square foot from October, as the number of empty offices decreased slightly to 13.1 per cent from 13.4 per cent, JLL said. The last time that rents... https://www.scmp.com/business/companies/article/3333986/hong-kongs-central-prime-office-rents-rise-first-time-more-3-years?utm_source=rss_feed https://www.scmp.com/business/companies/article/3333986/hong-kongs-central-prime-office-rents-rise-first-time-more-3-years?utm_source=rss_feed Mon, 24 Nov 2025 22:30:09 +0000 Themis Qi Themis Qi Sino Land’s One Park Place in Yau Tong sold 149 of 150 units in its first batch within half a day at its launch, after the developer used aggressive pricing to tap into firmer demand in Hong Kong’s new home market. The project, developed by Sino Land together with CSI Properties and MTR Corporation, opened sales on Thursday and saw all flats selected by the afternoon, the developer said. Sino Land later said 149 units were sold. The first batch comprised 27 one-bedroom, 120 two-bedroom and three... https://www.scmp.com/property/hong-kong-china/article/3333694/sinolands-one-park-place-sells-out-150-units-within-hours-keen-pricing?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3333694/sinolands-one-park-place-sells-out-150-units-within-hours-keen-pricing?utm_source=rss_feed Fri, 21 Nov 2025 09:45:08 +0000 Cao Li Cao Li There was lacklustre action on Saturday at the sale of the latest batch of flats at The Reserve at Gold Coast Bay in Tuen Mun, as less than a 10th of the units on offer were snapped up three hours after the launch. Only 14 flats, of the 152 units on offer, were sold as of 6.30pm, according to agents. “It’s almost the last of the remaining stock,” said Sammy Po Siu-ming, senior director at Midland Realty. “The sale will continue.” The batch offered this weekend by developer Early Light... https://www.scmp.com/business/companies/article/3332937/hong-kong-sees-lacklustre-property-sales-tuen-mun-project-slowing-markets-recovery?utm_source=rss_feed https://www.scmp.com/business/companies/article/3332937/hong-kong-sees-lacklustre-property-sales-tuen-mun-project-slowing-markets-recovery?utm_source=rss_feed Sat, 15 Nov 2025 12:00:51 +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 Yulu Ao Yulu Ao Wheelock Properties sold all 60 units on offer within two hours at its latest residential project in Wan Chai on Sunday, as lower borrowing costs and improving sentiment continued to draw buyers back to Hong Kong’s primary housing market. The developer sold the entire project at Spring Garden within the first two hours of the first round of sales, generating proceeds of about HK$560 million, according to Ricky Wong Kwong-yiu, vice-chairman and managing director of Wheelock Properties. Most of... https://www.scmp.com/business/china-business/article/3331227/wheelocks-wan-chai-project-sells-out-two-hours-amid-housing-rebound?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3331227/wheelocks-wan-chai-project-sells-out-two-hours-amid-housing-rebound?utm_source=rss_feed Sun, 02 Nov 2025 09:40:49 +0000 Cheryl Arcibal Cheryl Arcibal The number of luxury flat rental deals in Hong Kong continued to rise this year, buoyed by demand from wealthy mainland Chinese and Western expatriates, amid the city’s stock market rally and the government’s efforts to attract more affluent investors, according to agents. In the first nine months of the year, there were 168 deals for rentals that cost HK$100,000 (US$12,870) a month – a 10 per cent increase over the same period in 2024 – at The Peak and the Southern district, two of the city’s... https://www.scmp.com/business/money/wealth/article/3331154/wealthy-mainland-chinese-western-expats-drive-hong-kongs-luxury-flat-rentals?utm_source=rss_feed https://www.scmp.com/business/money/wealth/article/3331154/wealthy-mainland-chinese-western-expats-drive-hong-kongs-luxury-flat-rentals?utm_source=rss_feed Sun, 02 Nov 2025 01:30:15 +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 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 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 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 Cheryl Arcibal Cheryl Arcibal Hong Kong’s lived-in home prices rose by 0.14 per cent in August, according to the latest official data, suggesting a gradual recovery in the city’s struggling residential property market. An official index measuring price movement among the city’s second-hand homes made a modest gain for the fifth straight month, narrowing this year’s price decline to 0.24 per cent, according to data from the Rating and Valuation Department (RVD) released on Friday. Since April, Hong Kong’s home prices have... https://www.scmp.com/business/article/3326931/hong-kong-home-prices-rise-slightly-while-rents-near-historic-peak-amid-gradual-recovery?utm_source=rss_feed https://www.scmp.com/business/article/3326931/hong-kong-home-prices-rise-slightly-while-rents-near-historic-peak-amid-gradual-recovery?utm_source=rss_feed Fri, 26 Sep 2025 04:10:56 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s homebuyers defied a No 3 typhoon signal to snap up apartments during two property sales on Friday, entering the market after commercial banks lowered their prime lending rates a day earlier following the first rate cut by the local monetary authority. New World Development and CK Asset Holdings, two of the largest property developers in the city, sold 120 apartments, or 66 per cent of the 190 flats on offer at two locations as of 8:30pm. New World sold 115 of the 120 units in the... https://www.scmp.com/business/article/3326182/hong-kongs-homebuyers-brave-storm-signal-citys-first-post-rate-cut-property-sales?utm_source=rss_feed https://www.scmp.com/business/article/3326182/hong-kongs-homebuyers-brave-storm-signal-citys-first-post-rate-cut-property-sales?utm_source=rss_feed Fri, 19 Sep 2025 10:22:21 +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 Cheryl Arcibal Cheryl Arcibal Hong Kong’s home sales remained above the 5,000 level for the sixth consecutive month in August, further strengthening the view that the city’s residential property market may have bottomed out. A total of 5,291 homes were transacted last month, according to data from the Land Registry on Tuesday, continuing a run above 5,000 that started in March. While the volume fell 8.2 per cent compared with 5,766 in July, it was nearly 45 per cent higher than a year ago. In the first eight months of the... https://www.scmp.com/business/article/3324082/all-signs-point-recovery-firmly-taking-hold-hong-kongs-housing-market?utm_source=rss_feed https://www.scmp.com/business/article/3324082/all-signs-point-recovery-firmly-taking-hold-hong-kongs-housing-market?utm_source=rss_feed Tue, 02 Sep 2025 11:39:06 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s home sales are likely to hit a four-year high this year as buyers show an increasing willingness to commit to both new and existing residential units, according to agents. Residential transactions in the city are expected to rise 13 per cent to 64,000 this year, helped by lower prices as well as policy support that reduced the stamp duty for homes priced up to HK$4 million (US$512,000), said Wong Kin-yip, chairman of Midland Holdings, the parent company of Midland Realty. The value... https://www.scmp.com/business/article/3322974/hong-kong-home-sales-upwards-trajectory-four-year-high-agents-say?utm_source=rss_feed https://www.scmp.com/business/article/3322974/hong-kong-home-sales-upwards-trajectory-four-year-high-agents-say?utm_source=rss_feed Sun, 24 Aug 2025 10:00:18 +0000 Cheryl Arcibal Cheryl Arcibal Swire Properties, one of Hong Kong’s largest developers, is set to start selling homes in its 850-unit, three-tower project on Hong Kong Island, its largest residential development in 20 years. The company said it would unveil the price list for the flats at The Headland Residences in Chai Wan, which range from one to three bedrooms with areas from 400 sq ft to 1,400 sq ft, in the coming days. The project is developed jointly by Swire Properties and China Motor Bus Company. The launch, which... https://www.scmp.com/business/article/3322546/swire-properties-set-start-selling-hong-kongs-largest-residential-project-20-years?utm_source=rss_feed https://www.scmp.com/business/article/3322546/swire-properties-set-start-selling-hong-kongs-largest-residential-project-20-years?utm_source=rss_feed Wed, 20 Aug 2025 12:00:13 +0000 Peggy Sito Peggy Sito Hong Kong developers rushed to put more than 200 residential units on the market for sale on Friday, as they took advantage of the market’s anticipation of the first interest rate cut of 2025, which may take place as soon as mid-September. Most of the flats were offered at two locations on the Kowloon peninsula. A consortium led by Sino Land put up 109 units of Villa Garda II in Tseung Kwan O at between HK$14,245 and HK$17,940 per sq ft after discounts. In Kai Tak on the seafront runway of the... https://www.scmp.com/business/companies/article/3321942/hong-kong-developers-put-more-200-flats-sale-amid-interest-rate-optimism?utm_source=rss_feed https://www.scmp.com/business/companies/article/3321942/hong-kong-developers-put-more-200-flats-sale-amid-interest-rate-optimism?utm_source=rss_feed Fri, 15 Aug 2025 04:30:15 +0000 Salina Li Salina Li Buyers flocked to a Hong Kong Island residential project located in a prime area in Wan Chai on Sunday, snapping up most of the units on offer, with mainland buyers accounting for half of the transactions, according to agents. Twenty-one of the 30 units at the 33 Kennedy Road project were sold as of 6pm on Sunday. The 71-unit completed project was jointly developed by The Development Studio, owned by ex-Swire Properties chairman Keith Kerr, and Fu Hop Investment. The developers priced the 30... https://www.scmp.com/business/article/3321367/prime-area-hong-kong-island-home-sale-draws-crowds-strong-sales?utm_source=rss_feed https://www.scmp.com/business/article/3321367/prime-area-hong-kong-island-home-sale-draws-crowds-strong-sales?utm_source=rss_feed Sun, 10 Aug 2025 09:16:28 +0000 Yuke Xie,Cheryl Arcibal Yuke Xie,Cheryl Arcibal Sales of villas, bungalows and luxury homes in Hong Kong soared to a three-year high in the first six months of this year, as an influx of wealthy immigrants fuelled the hunt for bargains on the top end of one of Asia’s priciest residential property markets. There were 286 registered transactions of villas in the first half, a jump of 23.3 per cent from the same period last year, according to data provided by Centaline Property, one of the largest real estate agencies in the city. The sales... https://www.scmp.com/business/article/3318455/sales-villas-luxury-homes-rise-3-year-high-hong-kong-demand-wealthy-buyers?utm_source=rss_feed https://www.scmp.com/business/article/3318455/sales-villas-luxury-homes-rise-3-year-high-hong-kong-demand-wealthy-buyers?utm_source=rss_feed Wed, 16 Jul 2025 23:30:09 +0000 Yuke Xie Yuke Xie All 160 units of a new residential project by Sun Hung Kai Properties (SHKP) in Tuen Mun sold out on Saturday, buoyed by a recovering stock market and low interest rates, a sign that Hong Kong’s property market may be seeing a sustained rebound, according to analysts. The first round of sales for Novo Land Phase 3A offered 160 units at listed prices, with an additional five units available by tender. Prices started at under HK$3 million (US$382,173) for a three-bedroom flat. All available units... https://www.scmp.com/business/article/3317088/shkp-tuen-mun-project-sells-out-signalling-rebound-hong-kongs-property-market?utm_source=rss_feed https://www.scmp.com/business/article/3317088/shkp-tuen-mun-project-sells-out-signalling-rebound-hong-kongs-property-market?utm_source=rss_feed Sat, 05 Jul 2025 09:54:28 +0000