https://www.scmp.com/rss/521870/feed Emperor International Holdings, a Hong Kong-based property developer established in 1990, primarily engages in property investment, development, and hospitality services across Greater China and the UK. Known for luxury residential projects and managing a significant portfolio of commercial and retail properties, it was recognised as a "Top 10 Developer in Hong Kong" in 2019 and 2024. However, the company is currently facing a severe debt crisis, with HK$16.6 billion in overdue loans as of March... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com 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 Cheryl Arcibal Cheryl Arcibal Emperor International Holdings has secured bank approval to resume borrowing under existing terms by nearly two years, providing the embattled Hong Kong developer with much-needed breathing room after it failed to meet HK$16.6 billion (US$2.13 billion) in debt obligations in July. Meanwhile, shares of Lai Sun Development (LSD) resumed trading on the Hong Kong stock exchange on Friday, after the firm said it was negotiating a potential asset sale alongside its parent company, Lai Sun Garment... https://www.scmp.com/business/article/3334500/hong-kong-developers-emperor-and-lai-sun-find-relief-amid-debt-pressures?utm_source=rss_feed https://www.scmp.com/business/article/3334500/hong-kong-developers-emperor-and-lai-sun-find-relief-amid-debt-pressures?utm_source=rss_feed Fri, 28 Nov 2025 07:44:26 +0000 Cheryl Arcibal,Themis Qi Cheryl Arcibal,Themis Qi A company associated with Vincent Gao Leyi, the founder of Hong Kong-based hedge fund CoreView Capital, has bought a luxury home in the city’s Southern district for about HK$579 million (US$74.3 million), according to official records. Matrix Properties was identified as the buyer of House 6 at the upscale development No 15 Shouson Hill in one of the city’s most exclusive enclaves, Land Registry documents showed. According to the Companies Registry, Gao serves as a director of Matrix Properties... https://www.scmp.com/business/companies/article/3333521/hong-kong-hedge-fund-founder-buys-luxury-home-shouson-hill-us743-million?utm_source=rss_feed https://www.scmp.com/business/companies/article/3333521/hong-kong-hedge-fund-founder-buys-luxury-home-shouson-hill-us743-million?utm_source=rss_feed Thu, 20 Nov 2025 07:17:32 +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 Bloomberg Bloomberg HSBC Holdings has taken the unusual step of getting directly involved in pushing its Hong Kong subsidiary, Hang Seng Bank, to offload portfolios of bad real estate debt, underscoring growing concerns over the city’s struggling property sector. About two months ago, the lender directed its London-based global chief corporate credit officer and the head of its special credit unit to ensure Hang Seng started a process of selling portfolios, according to people familiar with the matter, who asked... https://www.scmp.com/business/banking-finance/article/3326802/hsbc-asks-hang-seng-bank-clean-bad-hong-kong-property-debt?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3326802/hsbc-asks-hang-seng-bank-clean-bad-hong-kong-property-debt?utm_source=rss_feed Thu, 25 Sep 2025 06:29:59 +0000 Bloomberg Bloomberg Hong Kong property tycoon Albert Yeung is selling a wine collection valued at more than HK$10 million (US$1.3 million) in a public auction. The 82-year-old chairman of Emperor Group is offering 426 bottles of fine wine at Sotheby’s on September 10, according to the auction house’s website. The collection, titled “The Majestic Cellar of Dr Albert Yeung,” includes selections from Domaine de la Romanée-Conti, Petrus and Château Palmer. “This is not a high-volume cellar, but one with an emphasis on... https://www.scmp.com/postmag/passions/article/3323622/hong-kong-property-mogul-albert-yeung-auctioning-his-us13-million-wine-collection?utm_source=rss_feed https://www.scmp.com/postmag/passions/article/3323622/hong-kong-property-mogul-albert-yeung-auctioning-his-us13-million-wine-collection?utm_source=rss_feed Sat, 30 Aug 2025 09:00:08 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong is facing a commercial real estate crisis, with small and medium-sized developers as well as banks under increasing pressure as capital values slide amid lethargic leasing activity, according to JLL. The capital value of commercial property was set to drop by “a further 5 to 10 per cent” this year, said Joseph Tsang, chairman of the property consultancy in Hong Kong. Selling commercial properties at such prices is not “practical or realistic”, he added. That meant the looming crisis... https://www.scmp.com/business/article/3317587/commercial-property-crisis-looms-hong-kong-shrinking-values-squeeze-developers?utm_source=rss_feed https://www.scmp.com/business/article/3317587/commercial-property-crisis-looms-hong-kong-shrinking-values-squeeze-developers?utm_source=rss_feed Thu, 10 Jul 2025 00:30:07 +0000 Salina Li Salina Li Hong Kong developer Grand Ming Group warned investors that it has yet to repay a HK$4.8 billion (US$611.4 million) loan, with its gearing ratio surging past 200 per cent – another sign of the growing debt crisis among the city’s small and medium developers. In a filing with the Hong Kong stock exchange on Tuesday, the company said that it had breached financial covenants under its loan facilities, according to its audited annual results for the year ended March 31. “The group has obtained... https://www.scmp.com/business/article/3317366/hong-kong-developer-grand-mings-debt-crisis-deepens-us611-million-loan-default?utm_source=rss_feed https://www.scmp.com/business/article/3317366/hong-kong-developer-grand-mings-debt-crisis-deepens-us611-million-loan-default?utm_source=rss_feed Tue, 08 Jul 2025 07:49:41 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong developer Emperor International Holdings’ struggles reflect the highs and lows the city’s property sector has endured over the past few years. Just over five years ago, residential and commercial real estate prices and rents were hitting record highs. Developers reported robust earnings and had access to cheap financing, boosting their confidence – and that of investors – to spend more on new projects or acquire existing income-generating properties. But this golden era ended abruptly.... https://www.scmp.com/business/article/3316696/emperors-financial-struggle-mirrors-current-state-hong-kongs-property-sector?utm_source=rss_feed https://www.scmp.com/business/article/3316696/emperors-financial-struggle-mirrors-current-state-hong-kongs-property-sector?utm_source=rss_feed Wed, 02 Jul 2025 23:30:09 +0000