https://www.scmp.com/rss/523663/feed The latest news and top stories on Derek Chan, head of research at Ricacorp Properties. He is known for providing market analysis and optimistic projections for the Hong Kong property sector. His expertise includes forecasting home prices transaction volumes and the impact of economic conditions on the residential market. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Cheryl Arcibal Cheryl Arcibal Hong Kong property transactions surged to a four-month high in April, while the value and volume of home sales hit their highest level in 24 months, according to the latest official data, underscoring the resilience of the city’s real estate sector amid uncertainties over interest rates and the US-Israel war on Iran. A total of 8,692 transactions across homes, offices, shops, car parking spots and industrial spaces were concluded last month, up 12.3 per cent from March’s 7,737 deals, according... https://www.scmp.com/business/article/3352506/hong-kong-home-sales-surge-2-year-high-boosting-overall-transactions?utm_source=rss_feed https://www.scmp.com/business/article/3352506/hong-kong-home-sales-surge-2-year-high-boosting-overall-transactions?utm_source=rss_feed Tue, 05 May 2026 10:45:04 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong homebuyers snapped up most of the new flats released on Thursday, with developers beginning to ramp up new construction amid sustained housing demand. All 120 units at the One Victoria Cove I in Hung Hom, jointly developed by Henderson Land Development, Hysan Development and Empire Group, were sold by 5.20pm, according to agents. Meanwhile, New World Development (NWD) and MTR Corp’s Pavilia Farm III above Tai Wai MTR station found buyers for 19 of the 45 units as of 6.50pm. Most recent... https://www.scmp.com/business/article/3352063/hong-kong-homebuyers-flock-new-launches-flats-sell-out-swiftly?utm_source=rss_feed https://www.scmp.com/business/article/3352063/hong-kong-homebuyers-flock-new-launches-flats-sell-out-swiftly?utm_source=rss_feed Thu, 30 Apr 2026 12:35:13 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong homebuyers’ strong demand for new flats extended a streak of brisk sales for developers with one project selling out in a single day, underscoring the city’s broader recovery in housing prices. All 88 units at the Pavilia Farm III project by New World Development and MTR Corporation in Sha Tin were sold on Saturday, prompting the developers to put 75 more flats on sale later that night. Elsewhere in Kai Tak, 133 units of KT Marina II were snapped up over the weekend, according to... https://www.scmp.com/property/hong-kong-china/article/3350638/hong-kong-homebuyers-extend-sell-out-streak-amid-renewed-confidence-market?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3350638/hong-kong-homebuyers-extend-sell-out-streak-amid-renewed-confidence-market?utm_source=rss_feed Sun, 19 Apr 2026 13:10:25 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong developers are raising prices of new homes this week following sold-out launches in recent days, further testing the appetite of homebuyers amid geopolitical and interest rate uncertainties. Henderson Land Development put another 39 units at its Chester project in Hung Hom on sale on Monday, with 25 homes finding buyers, according to agents. With an average discounted price of HK$22,198 (US$2,831) per square foot, the units were priced 4.57 per cent higher than the 123 units that sold... https://www.scmp.com/business/article/3349172/hong-kong-developers-test-homebuyers-modest-price-increases-after-sell-outs?utm_source=rss_feed https://www.scmp.com/business/article/3349172/hong-kong-developers-test-homebuyers-modest-price-increases-after-sell-outs?utm_source=rss_feed Mon, 06 Apr 2026 10:30:44 +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 Cheryl Arcibal Cheryl Arcibal Hong Kong’s lived-in home prices rose 1.6 per cent in February, marking the 11th straight month of positive movement for the residential property segment, as the city’s rents scaled another peak, according to official data. Since reversing a downward trend in April, second-hand home prices had climbed nearly 8 per cent so far, bringing the official index to a 22-month high, according to data released on Friday by the Rating and Valuation Department. The latest monthly increment was also larger... https://www.scmp.com/business/article/3348081/hong-kong-home-prices-surge-near-two-year-high-iran-war-clouds-outlook?utm_source=rss_feed https://www.scmp.com/business/article/3348081/hong-kong-home-prices-surge-near-two-year-high-iran-war-clouds-outlook?utm_source=rss_feed Fri, 27 Mar 2026 04:04:50 +0000 Peggy Ye Peggy Ye Lo Ying-sui, a younger brother of Great Eagle Holdings’ chairman Lo Ka-shui, has started selling residential units in a sign that some investors prefer to maintain liquidity amid an uncertain property market cycle. Land Registry records showed a unit registered under Joy Eagle was sold to King Faith International for HK$19 million (US$2.4 million) on March 17. A company search showed that Joy Eagle’s directors include Lo Ying-sui and his wife Lim Boon Tuang Lynda. Lo is also a non-executive... https://www.scmp.com/business/article/3347311/brother-great-eagle-chairman-offloads-residential-assets-amid-hong-kong-market-recovery?utm_source=rss_feed https://www.scmp.com/business/article/3347311/brother-great-eagle-chairman-offloads-residential-assets-amid-hong-kong-market-recovery?utm_source=rss_feed Fri, 20 Mar 2026 09:30:08 +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 Aidyn Fitzpatrick Aidyn Fitzpatrick In Hong Kong’s fashion scene right now, half a dozen very different designers are quietly proving that the city’s most interesting clothes are where storytelling, gender fluidity and forward thinking collide. Bicy Yip, Caroline Hu, Derek Chan, Kit Wan, Max Tsang and Toki Wong are reinforcing Hong Kong’s re-emergence as an incubator for fashion futures. This soft-power six are redrawing what Hong Kong fashion can look like, from couture romance to sci‑fi workwear and subverted masculinity. Myth,... https://www.scmp.com/magazines/style/fashion/fashion-news/article/3345945/style-edit-6-hong-kong-designers-redrawing-fashions-future?utm_source=rss_feed https://www.scmp.com/magazines/style/fashion/fashion-news/article/3345945/style-edit-6-hong-kong-designers-redrawing-fashions-future?utm_source=rss_feed Wed, 11 Mar 2026 02:00:09 +0000 Peggy Ye Peggy Ye McDonald’s has sold another Hong Kong retail property for HK$93.5 million (US$11.9 million), extending its asset sell-down and bringing total proceeds to about HK$580 million. The ground-floor unit at Mount Sterling Mall in Mei Foo Sun Chuen, Lai Chi Kok, was sold on February 27 to Huge Power (China) Ltd., according to Land Registry records. Companies Registry filings show the directors as Kwok Chong-wah, Kwok Lap-yin and Kwok Shun-sing, members of a veteran investor family. The 6,915 square... https://www.scmp.com/property/article/3345368/mcdonalds-sells-hong-kong-shop-outside-disposal-plan-us119-million?utm_source=rss_feed https://www.scmp.com/property/article/3345368/mcdonalds-sells-hong-kong-shop-outside-disposal-plan-us119-million?utm_source=rss_feed Wed, 04 Mar 2026 06:28:54 +0000 Kevin Li Kevin Li Hongkongers may begin to feel the impact of the escalating war in the Middle East in the coming months, as rising global oil prices are expected to push up energy bills and dining costs, according to experts. Analysts said the attacks on Iran by the United States and Israel, and subsequent retaliation across the region, were also likely to slow the pace of US interest rate cuts and curb the rise in Hong Kong housing prices. As military operations in the Middle East entered their fourth day,... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3345321/hong-kong-inflation-risks-grow-war-middle-east-escalates-experts-warn?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3345321/hong-kong-inflation-risks-grow-war-middle-east-escalates-experts-warn?utm_source=rss_feed Wed, 04 Mar 2026 00:30:08 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s lived-in home prices opened the year with a 0.53 per cent month-on-month gain in January, according to official data, sustaining a recovery that began in the second quarter of 2025. Rents in the city, meanwhile, continued to rise, surging by 0.3 per cent from a month earlier to set another peak, according to data released on Wednesday by the Rating and Valuation Department. With the latest increment, the city’s index of second-hand home prices stood at 301.4, its highest since... https://www.scmp.com/business/article/3344622/hong-kongs-home-prices-reach-19-month-high-rise-gathers-pace?utm_source=rss_feed https://www.scmp.com/business/article/3344622/hong-kongs-home-prices-reach-19-month-high-rise-gathers-pace?utm_source=rss_feed Wed, 25 Feb 2026 11:05:35 +0000 Jess Ma Jess Ma Hong Kong’s Fire Services Department has launched an internal review to improve its strategies for tackling large-scale blazes following the deadly Wang Fuk Court inferno, with officers set to examine operational effectiveness and equipment use. Director of Fire Services Andy Yeung Yan-kin said on Tuesday that his deputy for operations, Derek Armstrong Chan, would lead a new steering committee within the department to evaluate strategies. “[The steering committee will] evaluate the operational... https://www.scmp.com/news/hong-kong/society/article/3344510/hong-kong-fire-department-review-strategies-following-tai-po-inferno?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3344510/hong-kong-fire-department-review-strategies-following-tai-po-inferno?utm_source=rss_feed Tue, 24 Feb 2026 15:30:28 +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 Cheryl Arcibal Cheryl Arcibal For business owner Tracy Sung, flat-hunting in Hong Kong was complicated by two things – her pets and the intense competition in the rental market. Sung, who used to live in a 500 sq ft flat in Happy Valley, had to offer more than the landlord’s asking price to secure an 800 sq ft property in Tseung Kwan O. The 28-year-old is paying about HK$35,000 (US$4,480) a month for her new home, compared with HK$28,000 previously. The neighbourhood in Hang Hau offered what she considered the most... https://www.scmp.com/business/article/3341982/soaring-hong-kong-rents-tenants-pay-more-and-fight-shrinking-space?utm_source=rss_feed https://www.scmp.com/business/article/3341982/soaring-hong-kong-rents-tenants-pay-more-and-fight-shrinking-space?utm_source=rss_feed Sun, 01 Feb 2026 10:00:14 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s property market on Monday logged HK$740 million (US$94.9 million) worth of luxury home deals, one of the city’s largest single-day hauls, as the residential segment shakes off a multi-year slump. Records from the Land Registry showed that five upscale homes – from areas such as Mid-Levels, Wan Chai and Sai Kung – changed hands in deals valued between HK$93 million and HK$238 million. The flurry of luxury home deals comes amid a recovery in Hong Kong’s residential property segment, as... https://www.scmp.com/business/article/3341425/hong-kong-logs-us95-million-worth-luxury-home-deals-single-day?utm_source=rss_feed https://www.scmp.com/business/article/3341425/hong-kong-logs-us95-million-worth-luxury-home-deals-single-day?utm_source=rss_feed Tue, 27 Jan 2026 11:00:15 +0000 Derek Chan Derek Chan People who passed by Hong Kong’s Christmas Town attraction at Statue Square Gardens in Central over the past month or so may have noticed that one of the buildings onto which cascading festive animations were projected was slightly more historic than the others. That building, which is a declared monument, houses the Court of Final Appeal (the “Court”). The Court is the final appellate court within Hong Kong’s judicial system. After the High Court and the Court of Appeal, it provides a second... https://www.scmp.com/news/hong-kong/law-and-crime/article/3339100/what-happens-hong-kongs-top-court-hidden-plain-sight-winter-wonderland?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3339100/what-happens-hong-kongs-top-court-hidden-plain-sight-winter-wonderland?utm_source=rss_feed Thu, 08 Jan 2026 01:30:21 +0000 Peggy Ye Peggy Ye Hong Kong’s residential property market closed 2025 on a strong note, with transactions climbing to a six-month high in December, fuelled by demand for low-priced units even as values fell. A total of 5,883 deals were completed last month, up 5.3 per cent month on month and an increase of 43.4 per cent year on year, according to Land Registry data released on Monday. Overall deal value reached HK$51.2 billion (US$6.6 billion), a decline of nearly 1 per cent from November, but 57.3 per cent... https://www.scmp.com/business/article/3338791/hong-kong-home-sales-hit-6-month-high-december-demand-affordable-units?utm_source=rss_feed https://www.scmp.com/business/article/3338791/hong-kong-home-sales-hit-6-month-high-december-demand-affordable-units?utm_source=rss_feed Mon, 05 Jan 2026 10:48:21 +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 Cheryl Arcibal Cheryl Arcibal Hong Kong’s property deals slipped slightly in November after two months of gains, government data showed, with analysts warning of a deeper pullback this month as the Christmas holidays along with deferred launches of new homes following the deadly fire in Tai Po weigh on sentiment. Sales of new and lived-in homes, office units, shops, car parking spaces and industrial properties dipped 1 per cent to 7,121 from 7,190 in October, according to the Land Registry. The total value of deals edged up... https://www.scmp.com/business/article/3334920/hong-kong-home-sales-dip-december-slowdown-looms-amid-tragedy-holiday-lull?utm_source=rss_feed https://www.scmp.com/business/article/3334920/hong-kong-home-sales-dip-december-slowdown-looms-amid-tragedy-holiday-lull?utm_source=rss_feed Tue, 02 Dec 2025 10:29:52 +0000 Yulu Ao Yulu Ao Hong Kong’s property market is expected to extend its gradual recovery into the end of the year, supported by improving sentiment, rising rental yields and firmer demand in the mass-market segment, according to property analysts. The latest mortgage and resale data suggest that buyers are returning following rate cuts and stamp-duty adjustments earlier this year, although the pace of improvement remains uneven across districts and price brackets. Mortgage registrations continued to climb in... https://www.scmp.com/business/article/3334671/hong-kongs-home-sales-recovery-looks-more-solid-transactions-prices-edge?utm_source=rss_feed https://www.scmp.com/business/article/3334671/hong-kongs-home-sales-recovery-looks-more-solid-transactions-prices-edge?utm_source=rss_feed Mon, 01 Dec 2025 01:30:17 +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 Jess Ma Jess Ma Even as the devastating fire in Tai Po raged into the night, theories swirled around the possible causes of one of Hong Kong’s deadliest blazes in recent decades, with experts and residents suggesting that a combination of factors may have been involved. Authorities vowed to investigate the cause of the deadly No 5 fire, classified as posing the highest threat level, which claimed at least 36 lives, including a firefighter, and left 29 hospitalised. Another 279 others remain missing. Suspicion... https://www.scmp.com/news/hong-kong/society/article/3334283/poor-fire-retardance-and-alleged-worker-smoking-among-fatal-tai-po-blaze-theories?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3334283/poor-fire-retardance-and-alleged-worker-smoking-among-fatal-tai-po-blaze-theories?utm_source=rss_feed Wed, 26 Nov 2025 17:12:42 +0000 SCMP Reporters SCMP Reporters At least 36 people including a firefighter were killed and 279 are still missing after a ferocious blaze ravaged a housing estate in Tai Po yesterday, as scorching flames engulfed bamboo scaffolding and ripped through seven residential blocks. Some 29 people were hospitalised, with seven in a critical condition, a grim-looking Chief Executive John Lee Ka-chiu reported in an early morning conference at Prince of Wales Hospital in Sha Tin while distraught families, fearing the worst, awaited news... https://www.scmp.com/news/hong-kong/society/article/3334279/least-13-dead-huge-fire-rips-through-hong-kong-housing-estate?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3334279/least-13-dead-huge-fire-rips-through-hong-kong-housing-estate?utm_source=rss_feed Wed, 26 Nov 2025 16:37:50 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s lived-in home prices rose to a 14-month high in October, while rents set a new record, according to official data, raising the likelihood of a more significant property rebound in 2026, analysts said. Secondary home prices rose 0.4 per cent month on month, while rents breached the previous peak set more than six years ago, data from the Rating and Valuation Department released on Wednesday showed. The official home price index now stands at 294.3, the highest since the 297.6 in July... https://www.scmp.com/business/article/3334180/momentum-builds-bigger-hong-kong-property-rebound-forecast-2026?utm_source=rss_feed https://www.scmp.com/business/article/3334180/momentum-builds-bigger-hong-kong-property-rebound-forecast-2026?utm_source=rss_feed Wed, 26 Nov 2025 05:45:07 +0000 Derek Chan Derek Chan In Hong Kong and elsewhere, digital currencies, cryptocurrencies (including stablecoins) and virtual assets are gaining in popularity and are rapidly becoming a mainstream asset class, with retail investors increasingly buying into them. Here in the city, new and groundbreaking legislation has been introduced to implement a regulatory framework which specifically addresses virtual assets, cementing Hong Kong’s status as an innovative global financial hub. The incursion of cryptocurrencies and... https://www.scmp.com/news/hong-kong/law-and-crime/article/3333455/how-hong-kongs-law-protects-those-drawn-crypto-and-virtual-asset-investments?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3333455/how-hong-kongs-law-protects-those-drawn-crypto-and-virtual-asset-investments?utm_source=rss_feed Thu, 20 Nov 2025 01:30:26 +0000 Harvey Kong Harvey Kong Hundreds of spectators gathered on both sides of Hong Kong’s Victoria Harbour on Saturday to watch a “parade” involving giant inflatables of popular characters Labubu, Elmo, Grimace and Doraemon. The event wrapped up a week-long Water Parade organised by Hong Kong design studio AllRightsReserved (ARR), with the inflatables setting sail from Admiralty at 2pm towards Fortress Hill, and then across the harbour to Tsim Sha Tsui, before returning to Admiralty. Visitors eagerly snapped photos of the... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3331162/hundreds-flock-hong-kongs-water-parade-featuring-giant-labubu-doraemon-elmo?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3331162/hundreds-flock-hong-kongs-water-parade-featuring-giant-labubu-doraemon-elmo?utm_source=rss_feed Sat, 01 Nov 2025 06:29:02 +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 Derek Chan Derek Chan The jury system remains one of the best-known features of Hong Kong’s criminal justice system and can often be a lightning rod for political debate about its merits, cost-effectiveness and whether it can deliver justice. Trial by jury is expressly provided for in Article 86 of the city’s Basic Law, which maintains the “principle of trial by jury previously practised in Hong Kong”. The jury trial has been a part of our legal system since 1845 and, since then, juries have most notably been present... https://www.scmp.com/news/hong-kong/law-and-crime/article/3327563/justice-hands-people-benefits-trial-jury-hong-kong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3327563/justice-hands-people-benefits-trial-jury-hong-kong?utm_source=rss_feed Thu, 02 Oct 2025 01:30:13 +0000 Cheryl Arcibal Cheryl Arcibal More affluent buyers are likely to snap up luxury homes in Hong Kong in the coming months, according to agents, as the city’s booming stock market and government policies that attract well-heeled investors boost the outlook for the high-end property segment. “Some ultra-wealthy buyers have earned substantial profits from the stock market over the past six months and are now reallocating part of their capital into the super luxury property segment, taking advantage of relatively low prices,” said... https://www.scmp.com/business/article/3327423/more-affluent-buyers-snap-luxury-homes-amid-hong-kongs-roaring-stock-market?utm_source=rss_feed https://www.scmp.com/business/article/3327423/more-affluent-buyers-snap-luxury-homes-amid-hong-kongs-roaring-stock-market?utm_source=rss_feed Wed, 01 Oct 2025 01:30:21 +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