https://www.scmp.com/rss/523089/feed The latest news and top stories on Louis Chan Wing-kit, CEO of Centaline Property. He also served as President of the Hong Kong Professionals and Senior Executives Association from 2020 to 2022. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Cheryl Arcibal Cheryl Arcibal Hong Kong developers on Friday released 222 new flats in Kowloon, the city’s largest batch of units on a single day since buyers were warned about the uncertain direction of interest rates. K&K Property launched 122 one-bedroom units at foto+, a single residential tower in Mong Kok close to Olympic station, while Wang On Properties put 100 units up for sale at the Connext project in Wong Tai Sin. By 7pm Friday, 103 of the foto+ units had found buyers. Sales at Connext, meanwhile, kicked off at... https://www.scmp.com/business/article/3348175/hong-kong-developers-test-market-222-units-released-amid-interest-rate-uncertainty?utm_source=rss_feed https://www.scmp.com/business/article/3348175/hong-kong-developers-test-market-222-units-released-amid-interest-rate-uncertainty?utm_source=rss_feed Fri, 27 Mar 2026 11:30:11 +0000 Peggy Ye,Cao Li Peggy Ye,Cao Li Buyers snapped up most of the nearly 400 new homes released for sale in Hong Kong on Saturday, offering an early gauge of housing demand in one of the biggest launches since the Chinese New Year holiday. As of 7:30pm, about 310 of the 360 units released at Chinachem Group’s Zendo House in Tsim Sha Tsui and Wing Tai Properties’ Cloudview in Sheung Shui had been sold, according to Centaline Property. Louis Chan Wing-kit, vice-chairman and president of the agency, said confidence in Hong Kong’s... https://www.scmp.com/business/article/3346584/developers-roll-out-360-flats-two-hong-kong-projects-amid-improving-sentiment?utm_source=rss_feed https://www.scmp.com/business/article/3346584/developers-roll-out-360-flats-two-hong-kong-projects-amid-improving-sentiment?utm_source=rss_feed Sat, 14 Mar 2026 05:40:16 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong homebuyers continued to show strong demand for new residential launches over the weekend, potentially pushing primary market transactions to a five-month high, according to agents. By 3.30pm on Saturday, about two-thirds of the 108 units released at Park Seasons – a Lohas Park project in Tseung Kwan O developed by Wheelock Properties and the city’s subway operator MTR Corp – had found buyers, agents said. On Friday, all 60 units on offer at K. Wah International’s Kabitat Tin Hau... https://www.scmp.com/business/article/3341104/hong-kong-homebuyers-keep-robust-demand-new-launches-draw-brisk-sales?utm_source=rss_feed https://www.scmp.com/business/article/3341104/hong-kong-homebuyers-keep-robust-demand-new-launches-draw-brisk-sales?utm_source=rss_feed Sat, 24 Jan 2026 09:01:03 +0000 Cao Li Cao Li Hong Kong’s largest developer, Sun Hung Kai Properties (SHKP), posted another sell-out this weekend for the latest batch of units on sale at its massive Sierra Sea residential project, as improving market sentiment continued to boost homebuyers’ confidence. Homebuyers snapped up all 213 flats on sale at Sierra Sea’s Phase 2A as of 9pm on Saturday, according to agents. Information on 49 other flats offered via tender were not disclosed. “About 60 per cent of buyers are for investment,” said Louis... https://www.scmp.com/business/companies/article/3339431/hong-kongs-shkp-set-continue-sell-out-streak-latest-sierra-sea-offering-agents?utm_source=rss_feed https://www.scmp.com/business/companies/article/3339431/hong-kongs-shkp-set-continue-sell-out-streak-latest-sierra-sea-offering-agents?utm_source=rss_feed Sat, 10 Jan 2026 06:43:57 +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 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 Cheryl Arcibal Cheryl Arcibal Swire Properties has priced the first 120 units of a new residential project in Chai Wan at an average of HK$17,565 (US$2,249) per square foot, an 11-year low for Hong Kong Island’s Eastern district, according to agents. The price list, released on Tuesday, covers more than a fifth of the 592 units in the second and third towers of the Headland Residences. “We are encouraged by the strong market interest shown in this premium development since we introduced the sales gallery for viewing last... https://www.scmp.com/business/article/3323217/swire-properties-new-chai-wan-project-priced-11-year-low-eastern-district?utm_source=rss_feed https://www.scmp.com/business/article/3323217/swire-properties-new-chai-wan-project-priced-11-year-low-eastern-district?utm_source=rss_feed Tue, 26 Aug 2025 12:00:14 +0000 Peggy Sito Peggy Sito Victor Li Tzar-kuoi’s denial this week that his family home was being sold has stirred public curiosity about the address that has been the residence of one of Hong Kong’s wealthiest families and property developers for more than six decades. Located at 79 Deep Water Bay Road in the Southern district of Hong Kong Island, the mansion features three stories that sit atop an elevated podium with a swimming pool and a lawn to one side. The original building was bought in 1963 for HK$650,000 by Chong... https://www.scmp.com/business/companies/article/3320812/revealed-li-ka-shings-family-home-6-decades-and-subject-fabricated-rumours?utm_source=rss_feed https://www.scmp.com/business/companies/article/3320812/revealed-li-ka-shings-family-home-6-decades-and-subject-fabricated-rumours?utm_source=rss_feed Tue, 05 Aug 2025 09:00:17 +0000 Salina Li Salina Li The supply of new private homes in Hong Kong is projected to fall over the next four years as property developers booked more sales in recent months amid a revival in market sentiment. The number of homes was projected to drop to about 101,000 units through 2029, according to a quarterly projection published by the Housing Bureau on Friday. The estimated stock fell by 4,000 from March and by 8,000 from a year earlier, it said. The inventory has declined in the five past projections, the report... https://www.scmp.com/business/article/3319642/hong-kong-property-home-supply-projected-drop-amid-market-revival?utm_source=rss_feed https://www.scmp.com/business/article/3319642/hong-kong-property-home-supply-projected-drop-amid-market-revival?utm_source=rss_feed Fri, 25 Jul 2025 12:35:03 +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