https://www.scmp.com/rss/524799/feed Peggy joined the SCMP in 2025. Previously, she was a staff writer at Nikkei, where she covered Hong Kong business and the Chinese economy. She holds a bachelor's degree in data journalism from Hong Kong Baptist University. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Peggy Ye Peggy Ye A wave of demand from mainland Chinese buyers is restoring liquidity to Hong Kong’s trophy home market, enabling owners who have held onto pricey assets for many years to lock in gains. Among them, mainland property tycoon Zhao Zhijun sold two adjoining units at 8-12 Peak Road for a combined HK$320 million (US$40.8 million), according to Land Registry records, generating a gain of about 86 per cent compared with the purchase price 16 years ago. Zhao, chairman of mainland investment firm Niverse,... https://www.scmp.com/business/banking-finance/article/3351736/pair-hong-kong-luxury-homes-sells-us41m-market-sizzle-increases?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3351736/pair-hong-kong-luxury-homes-sells-us41m-market-sizzle-increases?utm_source=rss_feed Tue, 28 Apr 2026 23:00:09 +0000 Peggy Ye Peggy Ye A two-speed recovery is emerging in Central’s top-tier offices, prompting landlords to adopt a more hands-on leasing approach, including hiring asset managers, as rental performance diverges. While much attention has focused on firms taking advantage of lower rents to move back into Central, widening the gap with other districts, data from CBRE showed another divide was widening within the business district itself. In the first quarter, vacancy in Central’s grade A offices eased to about 9.6 per... https://www.scmp.com/business/article/3351364/2-speed-recovery-hits-central-landlords-older-towers-cut-rents-compete?utm_source=rss_feed https://www.scmp.com/business/article/3351364/2-speed-recovery-hits-central-landlords-older-towers-cut-rents-compete?utm_source=rss_feed Sun, 26 Apr 2026 03:30:08 +0000 Peggy Ye Peggy Ye A hotel operator’s planned entry into Xiongan New Area southwest of Beijing highlights a tentative but growing alignment between Hong Kong’s private sector and the state-backed development project, as leaders renew efforts to accelerate the zone’s transformation into a hi-tech growth hub. Hong Kong-based Langham Hospitality Group, a wholly owned subsidiary of Great Eagle Holdings, said on Thursday that it had signed a management agreement with China Xiongan Group Public Service Management to... https://www.scmp.com/business/china-business/article/3351113/hong-kongs-langham-group-among-first-invest-beijings-city-future-xiongan?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351113/hong-kongs-langham-group-among-first-invest-beijings-city-future-xiongan?utm_source=rss_feed Thu, 23 Apr 2026 09:30:08 +0000 Peggy Ye Peggy Ye Global flexible workspace operator WeWork is expanding in Hong Kong as companies scale back long-term office commitments, opening its fifth site in Causeway Bay to tap rising demand for short-term, flexible space amid economic and geopolitical uncertainty. The new location at Soundwill Plaza II Midtown, owned by Soundwill Holdings, was previously occupied by another co-working operator. WeWork secured the site after competing with several rivals. “In the current uncertain market outlook,... https://www.scmp.com/business/companies/article/3351036/wework-finds-new-lease-life-hong-kong-global-uncertainty-drives-demand?utm_source=rss_feed https://www.scmp.com/business/companies/article/3351036/wework-finds-new-lease-life-hong-kong-global-uncertainty-drives-demand?utm_source=rss_feed Wed, 22 Apr 2026 13:00:15 +0000 Peggy Ye Peggy Ye Chow Yun-fat, the legendary Hong Kong actor, has sold a Mid-Levels flat after more than three decades, securing a roughly 91 per cent gain, as the city’s secondary housing market continues to strengthen. The 541 sq ft, three-bedroom flat in Corona Tower fetched HK$7.5 million (US$960,000), or HK$13,863 per square foot. The sale agreement was signed on February 11 and the transaction was registered on March 11, according to Land Registry records. The deal generated a gain of HK$3.58 million... https://www.scmp.com/business/markets/article/3350739/chow-yun-fat-nets-91-gain-hong-kong-flat-after-31-years-prices-rebound?utm_source=rss_feed https://www.scmp.com/business/markets/article/3350739/chow-yun-fat-nets-91-gain-hong-kong-flat-after-31-years-prices-rebound?utm_source=rss_feed Mon, 20 Apr 2026 11:00:14 +0000 Peggy Ye Peggy Ye A Hong Kong whisky investment firm is seeking to raise up to US$50 million for its second private equity-style fund, pitching the spirit as a hedge in volatile markets despite a slump in prices across the industry. Rickesh Kishnani, co-founder and chairman of Rare Whisky Holdings, said whisky had been gaining traction among wealthy investors seeking alternatives to traditional safe havens. “This is the market where people turn to gold, but we’ve seen even gold not hold up in terms of... https://www.scmp.com/business/banking-finance/article/3350690/liquid-gold-hong-kong-fund-pitches-whisky-alternative-investment?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3350690/liquid-gold-hong-kong-fund-pitches-whisky-alternative-investment?utm_source=rss_feed Mon, 20 Apr 2026 07:30:09 +0000 Peggy Ye Peggy Ye The US-Israeli war on Iran has unleashed sharp swings across global energy and financial markets, fuelling demand for safe-haven assets, with Hong Kong emerging as a potential beneficiary across gold, property and capital markets. In the second of a three-part series, we look at Hong Kong’s position as a stable base where demand for property has held firm despite the global turmoil. Hong Kong’s property market is showing early signs of renewed safe haven demand, with a surge in luxury... https://www.scmp.com/business/article/3350575/hong-kong-property-may-see-uptick-safe-haven-demand-iran-war-rattles-dubai-market?utm_source=rss_feed https://www.scmp.com/business/article/3350575/hong-kong-property-may-see-uptick-safe-haven-demand-iran-war-rattles-dubai-market?utm_source=rss_feed Sun, 19 Apr 2026 06:00:19 +0000 Peggy Ye Peggy Ye Mainland buyers are playing an increasingly prominent role in Hong Kong’s housing market rebound, supported by a stronger yuan, rising rents and an influx of new arrivals shifting from tenants to homeowners. Transactions involving mainland buyers rose 53 per cent year on year to 3,882 units across the primary and secondary markets in the first quarter, according to Midland Realty, citing Land Registry data. The value of those purchases jumped 93 per cent to HK$42.7 billion (US$5.5 billion). The... https://www.scmp.com/business/banking-finance/article/3350070/mainland-buyers-fuel-93-cent-surge-hong-kong-property-deal-value?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3350070/mainland-buyers-fuel-93-cent-surge-hong-kong-property-deal-value?utm_source=rss_feed Tue, 14 Apr 2026 23:00:15 +0000 Peggy Ye Peggy Ye Chinese carmakers are rapidly gaining ground in Europe, squeezing out Asian rivals such as Japan and South Korea as exports to the region surge past 1 million units for the first time, according to an industry report. Imports of Chinese-made cars into the European Union in 2025 jumped 30.7 per cent from a year earlier to 1.006 million vehicles, according to the report published by the European Automobile Manufacturers’ Association, known as the ACEA, on April 2. The value of those imports,... https://www.scmp.com/business/china-evs/article/3349794/chinese-carmakers-squeeze-out-asian-rivals-europe-exports-top-1-million-units?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3349794/chinese-carmakers-squeeze-out-asian-rivals-europe-exports-top-1-million-units?utm_source=rss_feed Sun, 12 Apr 2026 23:00:20 +0000 Peggy Ye Peggy Ye While Hong Kong developers have accelerated project launches following the Easter holiday, primary home sales are settling into a measured phase following an earlier surge in demand. The shift is evident at La Mirabelle I in Tseung Kwan O, where Sino Land and its partners released a third batch of units on Sunday. Buyers snapped up 71 of the 261 units on offer, pointing to less urgent demand than in earlier rounds. The latest batch comprises 33 one-bedroom units, 178 two-bedroom units and 50... https://www.scmp.com/business/companies/article/3349784/hong-kong-home-sales-outlook-firm-even-demand-ebbs-tseung-kwan-o-project?utm_source=rss_feed https://www.scmp.com/business/companies/article/3349784/hong-kong-home-sales-outlook-firm-even-demand-ebbs-tseung-kwan-o-project?utm_source=rss_feed Sun, 12 Apr 2026 07:30:17 +0000 Peggy Ye Peggy Ye Jardine Matheson is giving up its remaining office space in FWD Tower at Taikoo Place and plans to relocate staff back to Jardine House in Central as part of operational consolidation, sources said. The move reflects a wider trend of companies consolidating into the core district, where demand for premium office space has been strengthening. The group’s primary office at Jardine House, part of its own property portfolio, “is now undergoing renovations to create a modern workspace that will... https://www.scmp.com/business/companies/article/3349602/jardine-matheson-exit-swires-taikoo-place-consolidate-offices-central-sources?utm_source=rss_feed https://www.scmp.com/business/companies/article/3349602/jardine-matheson-exit-swires-taikoo-place-consolidate-offices-central-sources?utm_source=rss_feed Fri, 10 Apr 2026 04:05:07 +0000 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 Peggy Ye Peggy Ye Taiwan’s dominance in semiconductors is no longer just reshaping global technology supply chains – it is also redrawing the island’s financial landscape, as international banks move to capture the wealth being created across the chip ecosystem. From first-generation chip entrepreneurs setting up family offices to retail investors pouring money into exchange-traded funds (ETFs), the capital generated by Taiwan’s technology boom is spreading across multiple layers of the economy. Global lenders... https://www.scmp.com/business/article/3348941/global-banks-carve-out-roles-semiconductor-wealth-redraws-taiwans-finance-map?utm_source=rss_feed https://www.scmp.com/business/article/3348941/global-banks-carve-out-roles-semiconductor-wealth-redraws-taiwans-finance-map?utm_source=rss_feed Sat, 04 Apr 2026 03:30:11 +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 Peggy Ye,Themis Qi Peggy Ye,Themis Qi From luxury hotels to investment, Hong Kong is drawing Middle Eastern money as geopolitical tensions reshape travel and capital flows. Hoteliers said they were seeing a growing number of visitors from the region, many of whom were staying longer than typical guests. At the same time, investors are increasingly exploring opportunities in the city as they look to diversify their portfolios. “In Hong Kong, we have seen a recent increase in guest arrivals from the Middle East, and they tend to stay... https://www.scmp.com/business/money/markets-investing/article/3348235/geopolitical-tensions-rise-middle-eastern-money-and-travellers-pivot-hong-kong?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/3348235/geopolitical-tensions-rise-middle-eastern-money-and-travellers-pivot-hong-kong?utm_source=rss_feed Sun, 29 Mar 2026 01:30:15 +0000 Peggy Ye Peggy Ye Turkey’s largest private bank plans to set up a Hong Kong office, according to sources familiar with the matter, in a move that underscores the city’s role as a gateway for lenders seeking to connect China and Asian markets with the Middle East. Turkiye Is Bankasi’s board approved the Hong Kong expansion plan two months ago and the lender was awaiting clearance from Turkish authorities before formally approaching the Hong Kong Monetary Authority for a banking licence, the sources said. If... https://www.scmp.com/business/banking-finance/article/3347700/turkeys-biggest-private-bank-plans-hong-kong-entry-amid-middle-east-tensions-sources?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347700/turkeys-biggest-private-bank-plans-hong-kong-entry-amid-middle-east-tensions-sources?utm_source=rss_feed Wed, 25 Mar 2026 02:30:09 +0000 Peggy Ye Peggy Ye Hong Kong is a stable base for global wealth as rising geopolitical tensions and economic uncertainties prompt wealthy families to rethink where they base their assets, according to Financial Secretary Paul Chan Mo-po. “We are living in a world marked by uncertainty and conflicts,” Chan said at the gala dinner of the Wealth for Good in Hong Kong Summit on Tuesday evening. “The rules-based international order is under strain. Some even say it has been ruptured.” Facing such a situation, investors... https://www.scmp.com/business/banking-finance/article/3347752/hong-kong-safe-harbour-family-wealth-global-tensions-rise-officials-say?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347752/hong-kong-safe-harbour-family-wealth-global-tensions-rise-officials-say?utm_source=rss_feed Tue, 24 Mar 2026 13:52:05 +0000 Peggy Ye Peggy Ye Major Hong Kong developers Henderson Land Development and Kerry Properties both reported mixed 2025 results, with stronger home sales partly offsetting softer rental income and a subdued commercial property market. The earnings underscored how the city’s developers are shifting focus towards projects that can still generate cash flow, mainly high-end housing in Hong Kong and top-tier mainland cities, while waiting for offices and retail to recover. Recent geopolitical tensions, including the... https://www.scmp.com/business/companies/article/3347616/hong-kongs-henderson-land-trims-dividend-iran-clouds-outlook-china-slump-lingers?utm_source=rss_feed https://www.scmp.com/business/companies/article/3347616/hong-kongs-henderson-land-trims-dividend-iran-clouds-outlook-china-slump-lingers?utm_source=rss_feed Mon, 23 Mar 2026 11:51:28 +0000 Peggy Ye Peggy Ye Retailers and restaurant operators in Hong Kong are rethinking how they use space as rents fall and demand weakens by moving back to street-level shops and experimenting with short-term “pop-up” leases. Hong Kong Hing Kee Java Edible Bird’s Nest (HK JEBN), known locally as “Lau Soeng” – Cantonese for “upstairs” – built its business by avoiding expensive street-front rents and operating from higher floors. It is now doing the opposite. “After the pandemic, the retail market has been weak,” said... https://www.scmp.com/business/companies/article/3347466/upstairs-moves-downstairs-hong-kong-outlets-head-street-level-landlords-cut-rents?utm_source=rss_feed https://www.scmp.com/business/companies/article/3347466/upstairs-moves-downstairs-hong-kong-outlets-head-street-level-landlords-cut-rents?utm_source=rss_feed Sun, 22 Mar 2026 07:30:09 +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 Cheryl Arcibal,Peggy Ye Cheryl Arcibal,Peggy Ye CK Hutchison Holdings, one of the flagship companies owned by Hong Kong billionaire Li Ka-shing’s family, reported a 7 per cent increase in underlying profit for 2025, as the company predicted its businesses would face “new and perhaps unforeseen challenges” in 2026. The ports-to-telecoms conglomerate said on Thursday that underlying profit reached HK$22.3 billion (US$2.85 ‌billion) last year, compared with HK$20.8 billion a year earlier. Including a one-time ⁠accounting loss, net profit fell... https://www.scmp.com/business/article/3347168/hong-kongs-ck-hutchison-reports-7-gain-underlying-profit-amid-unforeseen-challenges?utm_source=rss_feed https://www.scmp.com/business/article/3347168/hong-kongs-ck-hutchison-reports-7-gain-underlying-profit-amid-unforeseen-challenges?utm_source=rss_feed Thu, 19 Mar 2026 09:32:39 +0000 Peggy Ye Peggy Ye Luxury residential property on Hong Kong’s Peak Road owned by businessman Chan King-wai has been put up for sale by public tender, several years after he acquired it from companies linked to CK group. Marketing agent JLL said on Monday that the adjoining sites at 86, 88 and 90 Peak Road are being offered for joint sale by tender. The residential lots have a combined area of about 28,620 sq ft. The site could attract bids of about HK$70,000 (US$8,939) to HK$100,000 per square foot, said Joseph... https://www.scmp.com/business/article/3346780/hong-kong-businessman-expected-take-loss-peak-properties-he-bought-us255m?utm_source=rss_feed https://www.scmp.com/business/article/3346780/hong-kong-businessman-expected-take-loss-peak-properties-he-bought-us255m?utm_source=rss_feed Mon, 16 Mar 2026 11:53:05 +0000 Aileen Chuang,Peggy Ye Aileen Chuang,Peggy Ye For Hong Kong’s Topaz Family Office, investing in hotels in Japan holds up as a sound decision even as a Middle East war clouds the macroeconomic environment. The wealth manager has made Japan a central plank of its pivot into hospitality and real estate over the past two years, driven by a sharp post-pandemic tourism rebound. The investment thesis now looks increasingly robust thanks to multiple structural tailwinds and a growing pool of institutional capital flowing into the same trade. “Japan... https://www.scmp.com/business/markets/article/3346535/japan-hotels-keep-luring-hong-kong-families-global-investors-despite-geopolitical-strains?utm_source=rss_feed https://www.scmp.com/business/markets/article/3346535/japan-hotels-keep-luring-hong-kong-families-global-investors-despite-geopolitical-strains?utm_source=rss_feed Sun, 15 Mar 2026 03:00:10 +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 Peggy Ye Peggy Ye Swire Properties reported stronger underlying earnings in 2025, as the Hong Kong developer stepped up asset disposals and expanded its mainland China retail portfolio, though weakness in the city’s office market dragged the company into a headline loss. Underlying profit rose 27 per cent to HK$8.62 billion (US$1.1 billion), driven largely by gains from the disposal of noncore assets including the Brickell City Centre retail mall in Miami and several properties in Hong Kong, according to the... https://www.scmp.com/business/article/3346391/hong-kong-developers-swire-and-wharf-report-profit-growth-amid-valuation-pressure?utm_source=rss_feed https://www.scmp.com/business/article/3346391/hong-kong-developers-swire-and-wharf-report-profit-growth-amid-valuation-pressure?utm_source=rss_feed Thu, 12 Mar 2026 12:30:11 +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 Peggy Ye Peggy Ye Hong Kong’s fragile retail recovery is clouding the outlook for shopping mall rents, with Wharf Real Estate Investment Company (REIC) warning that rising geopolitical tensions could add further uncertainty even as visitor traffic improves. The landlord of Harbour City in Tsim Sha Tsui and Times Square in Causeway Bay said the retail market showed gradual improvement in 2025 as tourism picked up. “Volume increase, however, was not often accompanied by commensurate yield increase,” the company... https://www.scmp.com/business/companies/article/3346098/middle-east-tensions-add-uncertainty-hong-kong-retail-rents-wharf-reic-says?utm_source=rss_feed https://www.scmp.com/business/companies/article/3346098/middle-east-tensions-add-uncertainty-hong-kong-retail-rents-wharf-reic-says?utm_source=rss_feed Tue, 10 Mar 2026 10:05:40 +0000 Peggy Ye Peggy Ye A Singapore-rooted property family has put a rare residential estate in Hong Kong’s Southern district up for tender at about HK$300 million (US$38.4 million), testing demand for trophy homes as the city’s luxury housing market shows early signs of recovery despite soft prices. The tender for Belvedere, a low-density compound in Chung Hom Kok, would close at noon on April 28, according to marketing agent JLL. The property had been held by Remadour Estate since 1993, Land Registry records... https://www.scmp.com/business/article/3346004/singapore-property-clan-puts-rare-hong-kong-estate-us384-million-tender?utm_source=rss_feed https://www.scmp.com/business/article/3346004/singapore-property-clan-puts-rare-hong-kong-estate-us384-million-tender?utm_source=rss_feed Tue, 10 Mar 2026 00:30:08 +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 From Sydney to Hong Kong, wealth migration is reshaping the global super-luxury property market as activity picks up after two subdued years – though the dominance of relative newcomer Dubai is now being tested by the war in the Middle East. In Sydney, Peter Li, general manager at Plus Agency, said commission revenues on super-luxury homes had risen about 20 per cent from a year earlier. The firm, which handles more than US$300 million in annual sales, has hired six new staff members since... https://www.scmp.com/business/article/3345695/worlds-wealthy-relocate-rewriting-property-map-will-hong-kong-win-out?utm_source=rss_feed https://www.scmp.com/business/article/3345695/worlds-wealthy-relocate-rewriting-property-map-will-hong-kong-win-out?utm_source=rss_feed Sat, 07 Mar 2026 03:00:16 +0000 Zhang Shidong,Peggy Ye Zhang Shidong,Peggy Ye China’s top securities regulator outlined a plan on Friday to strengthen corporate governance, boost investor returns and cultivate globally competitive companies, as Beijing seeks to reinforce confidence in the country’s capital markets. “On the basis of continuously strengthening the authenticity of listed companies, we will further enhance their investability,” said Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), at a press conference on the sidelines of China’s annual... https://www.scmp.com/business/markets/article/3345738/chinas-securities-regulator-vows-tougher-oversight-shore-stock-market-confidence?utm_source=rss_feed https://www.scmp.com/business/markets/article/3345738/chinas-securities-regulator-vows-tougher-oversight-shore-stock-market-confidence?utm_source=rss_feed Fri, 06 Mar 2026 11:00:09 +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 Peggy Ye Peggy Ye The Taiwan Stock Exchange has become increasingly tied to American capital, as the global artificial intelligence boom drew a record amount of US investments into the island’s semiconductor-heavy equity market. US investors currently hold a record US$668 billion worth of Taiwan equities – about 23 per cent of the exchange’s total market capitalisation – after funnelling roughly US$12 billion into the market in 2025, according to BNP Paribas, citing data from Treasury International Capital – a... https://www.scmp.com/business/markets/article/3345307/us-investors-drive-record-outlay-taiwans-equities-market-back-ai-boom?utm_source=rss_feed https://www.scmp.com/business/markets/article/3345307/us-investors-drive-record-outlay-taiwans-equities-market-back-ai-boom?utm_source=rss_feed Tue, 03 Mar 2026 22:30:08 +0000 Peggy Ye Peggy Ye Hong Kong’s government-backed investment fund is being redeployed to support the city’s sluggish commercial property sector, signaling authorities’ growing willingness to use public funds as a policy tool to steady office valuations and align real estate investment with the city’s industrial ambitions. Attracting foreign institutions, however, might prove challenging. The city’s elevated vacancy rates, looming new completions and uncertain rental recovery have kept global funds on the sidelines,... https://www.scmp.com/business/banking-finance/article/3345175/hong-kongs-strategy-hkic-prop-citys-office-market-seen-challenging?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345175/hong-kongs-strategy-hkic-prop-citys-office-market-seen-challenging?utm_source=rss_feed Tue, 03 Mar 2026 00:30:08 +0000 Peggy Ye Peggy Ye Hong Kong’s cash-for-residency scheme has attracted about HK$95 billion (US$12 billion) from more than 1,700 investors over the past two years, with around two-thirds of the approved capital channelled into authorised funds and equities, the latest figures from InvestHK show. The government’s investment promotion arm on Monday released the figures for the New Capital Investment Entrant Scheme (New CIES), designed to encourage high-net-worth individuals to invest in Hong Kong, bringing both... https://www.scmp.com/business/banking-finance/article/3345102/hong-kongs-new-cash-residency-scheme-draws-us12-billion-first-2-years?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345102/hong-kongs-new-cash-residency-scheme-draws-us12-billion-first-2-years?utm_source=rss_feed Mon, 02 Mar 2026 06:44:45 +0000 Peggy Ye,Aileen Chuang Peggy Ye,Aileen Chuang New World Development posted a net loss of HK$3.73 billion (US$477 million) for the first half of fiscal 2026, as asset write-downs continued to weigh on earnings despite improving Hong Kong home sales and ongoing deleveraging efforts. The loss narrowed 44 per cent year on year for the six months ended December 31, as impairments on investment properties eased and financing and tax expenses related to mainland projects declined, according to a Hong Kong stock exchange filing on Friday. No... https://www.scmp.com/business/article/3344882/new-world-reports-first-half-loss-deleveraging-takes-priority-dividend-suspended?utm_source=rss_feed https://www.scmp.com/business/article/3344882/new-world-reports-first-half-loss-deleveraging-takes-priority-dividend-suspended?utm_source=rss_feed Fri, 27 Feb 2026 09:34:57 +0000 Peggy Ye Peggy Ye Edwin Leong Siu-hung, chairman of Tai Hung Fai Enterprise Group and long dubbed Hong Kong’s “king of shops”, has sold a flat in the ultra-exclusive Mount Nicholson enclave on The Peak, saying weak rental returns did not make it worthwhile to hold the property any longer. Land Registry records showed Leong sold the 4,566 sq ft four-bedroom flat for HK$323 million (US$41.3 million), or about HK$70,740 per square foot. He bought the property in 2016 for about HK$312 million. While the selling price... https://www.scmp.com/business/article/3344861/hong-kongs-king-shops-edwin-leong-sells-home-peak-us413-million?utm_source=rss_feed https://www.scmp.com/business/article/3344861/hong-kongs-king-shops-edwin-leong-sells-home-peak-us413-million?utm_source=rss_feed Fri, 27 Feb 2026 08:28:24 +0000 Peggy Ye Peggy Ye The increase in stamp duty on ultra-luxury homes above HK$100 million (US$12.8 million) is unlikely to change buying behaviour, analysts said, as the structural forces underpinning demand from mainland Chinese buyers could outweigh the impact of the rise in transaction costs. The Hong Kong government, in the annual budget on Wednesday, increased the tax rate on residential transactions above HK$100 million to 6.5 per cent from 4.25 per cent amid a surge in demand for high-end property from... https://www.scmp.com/business/article/3344762/hong-kongs-65-stamp-duty-will-not-stop-luxury-homebuyers-mainland-china-analysts?utm_source=rss_feed https://www.scmp.com/business/article/3344762/hong-kongs-65-stamp-duty-will-not-stop-luxury-homebuyers-mainland-china-analysts?utm_source=rss_feed Thu, 26 Feb 2026 23:30:07 +0000 Peggy Ye Peggy Ye A consortium comprising CK Infrastructure Holdings, CK Asset Holdings and Power Assets Holdings has agreed to sell all of its interest in UK Power Networks to French multinational electric utility Engie in a deal worth £10.5 billion (US$14.2 billion), according to a joint filing issued before the Hong Kong market opened on Thursday. The agreement was signed after trading hours on Wednesday in Hong Kong, London and Paris. The announcement triggered a rally across the CK group’s Hong Kong-listed... https://www.scmp.com/business/banking-finance/article/3344660/ck-group-agrees-sell-uk-electricity-operator-us142-billion?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3344660/ck-group-agrees-sell-uk-electricity-operator-us142-billion?utm_source=rss_feed Thu, 26 Feb 2026 00:38:30 +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 Peggy Ye Peggy Ye The surge in gold prices has brought a wave of new investment-focused bullion retailers to Hong Kong’s prime shopping areas, adding a distinct segment alongside traditional jewellery merchants. These retailers – which sell gold coins and bars, rather than ornamental pieces – have taken up ground-floor store spaces that were left vacant during the city’s post-pandemic recovery. Their rapid expansion has been followed by the return of high-end jewellery vendors, a development that has helped... https://www.scmp.com/business/commodities/article/3344102/investment-gold-retailers-move-vacant-hong-kong-high-street-shops-metals-rise?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3344102/investment-gold-retailers-move-vacant-hong-kong-high-street-shops-metals-rise?utm_source=rss_feed Sun, 22 Feb 2026 01:30:14 +0000 Peggy Ye Peggy Ye The family behind one of Mongolia’s largest mining conglomerates has bought a detached house in Hong Kong’s upmarket Southern district for HK$247 million (US$31.5 million), with the buyer intending to use it as a “retirement residence”. Land Registry records showed Tisara Holdings, whose director is Tselmuun Nyamtaishir, signed a provisional agreement on January 29 to acquire House 5 in One Stanley at 128 Wong Ma Kok Road. Nyamtaishir is the president and CEO of Mongolyn Alt (MAK), a... https://www.scmp.com/business/article/3343749/mongolian-mining-family-snaps-us315-million-hong-kong-home-retirement-view?utm_source=rss_feed https://www.scmp.com/business/article/3343749/mongolian-mining-family-snaps-us315-million-hong-kong-home-retirement-view?utm_source=rss_feed Thu, 19 Feb 2026 02:00:13 +0000 Peggy Ye Peggy Ye Hong Kong could see another cinema shut down in a prime retail district after the management of IFC Mall began informally sounding out potential tenants for the roughly 20,000 sq ft (1,858 square metres) occupied by Palace IFC, whose lease expires at the end of the year, according to people familiar with the matter. Sun Hung Kai Properties (SHKP), which manages the mall in Central, had been reaching out to select industry contacts to explore options as the struggling cinema business had... https://www.scmp.com/business/banking-finance/article/3343339/box-office-bust-show-may-be-over-another-hong-kong-cinema?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3343339/box-office-bust-show-may-be-over-another-hong-kong-cinema?utm_source=rss_feed Fri, 13 Feb 2026 00:30:08 +0000 Peggy Ye Peggy Ye Shares of Country Garden inched higher on Wednesday after the Chinese property developer disclosed that the Shanghai Stock Exchange had issued a “circulated criticism” over its failure to disclose overdue debts in a timely manner. Country Garden shares closed at HK$0.285, up about 1.8 per cent from Tuesday’s close of HK$0.280. In a filing to the Hong Kong Stock Exchange on Tuesday night, Country Garden said it and three executive directors – chairwoman Yang Huiyan, co-chairman Mo Bin and chief... https://www.scmp.com/property/article/3343140/country-garden-shares-edge-after-regulators-hold-back-fines-over-debt-disclosures?utm_source=rss_feed https://www.scmp.com/property/article/3343140/country-garden-shares-edge-after-regulators-hold-back-fines-over-debt-disclosures?utm_source=rss_feed Wed, 11 Feb 2026 03:35:29 +0000 Peggy Ye Peggy Ye When Alex Barnes and his team finally closed the two largest single-tenant office leasing deals Central has seen in more than a decade, the outcome was decisive – but the path there was anything but quick. Barnes, the co-CEO in Greater China and managing director in Hong Kong, Taiwan and Macau at JLL, advised quantitative trading firm Jane Street Asia on a record-setting lease at Central Yards, followed months later by a six-floor commitment from hedge fund Qube Research & Technologies at Two... https://www.scmp.com/business/article/3342806/how-two-landmark-central-deals-boost-sentiment-hong-kongs-office-market?utm_source=rss_feed https://www.scmp.com/business/article/3342806/how-two-landmark-central-deals-boost-sentiment-hong-kongs-office-market?utm_source=rss_feed Sun, 08 Feb 2026 06:00:16 +0000 Peggy Ye Peggy Ye Hong Kong’s de facto central bank said on Thursday it will allow most second-hand residential property transactions to be settled through direct bank transfers, giving homebuyers and sellers a faster and safer alternative to cheque-based payments. The Hong Kong Monetary Authority said the expanded Payment Arrangements for Property Transactions (PAPT) scheme would take effect on February 28, covering the bulk of resale home deals in the city. The announcement was made jointly with the Hong Kong... https://www.scmp.com/business/article/3342543/faster-and-safer-hong-kong-allow-resale-home-payments-through-direct-bank-transfers?utm_source=rss_feed https://www.scmp.com/business/article/3342543/faster-and-safer-hong-kong-allow-resale-home-payments-through-direct-bank-transfers?utm_source=rss_feed Thu, 05 Feb 2026 11:46:03 +0000 Peggy Ye Peggy Ye As UBS consolidates its Hong Kong operations in West Kowloon to deepen mainland-linked growth, it does so at a time when Hong Kong’s office market is showing tentative signs of recovery in prime districts such as Central. The consolidation is set to release office space in Central, contributing to a reshaping of demand as hedge funds and other financial firms take up space vacated by banks. The Swiss bank on Tuesday marked the handover of UBS Tower at the International Gateway Centre (IGC), a... https://www.scmp.com/property/hong-kong-china/article/3342262/ubs-move-west-kowloon-reshapes-demand-hong-kong-office-market?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3342262/ubs-move-west-kowloon-reshapes-demand-hong-kong-office-market?utm_source=rss_feed Tue, 03 Feb 2026 11:25:39 +0000 Peggy Ye Peggy Ye A Hong Kong nursing home has spent HK$112.8 million (US$14.4 million) to buy the building it leases, underscoring the growing role of end users in large commercial property deals as uncertainty over future rents keeps many investors on the sidelines. Evergreen Nursing House (No 2) Limited – the registered license holder and operating organisation for Evergreen Nursing House No 8 – has purchased the Kowloon property it has occupied for years on January 22, according to Land Registry records. The... https://www.scmp.com/property/article/3342210/nursing-home-goes-renter-buyer-uncertainty-chills-property-investors?utm_source=rss_feed https://www.scmp.com/property/article/3342210/nursing-home-goes-renter-buyer-uncertainty-chills-property-investors?utm_source=rss_feed Tue, 03 Feb 2026 07:16:54 +0000 Peggy Ye Peggy Ye China’s biggest mining company Zijin Mining Group is acquiring Canadian miner Allied Gold in an all-cash deal valued at about C$5.5 billion (US$4 billion), the first major cross-border transaction after Beijing and Ottawa recently reset ties after years of diplomatic strain. Zijin Gold International, a Hong Kong-listed subsidiary of Zijin Mining, agreed to buy all issued and outstanding shares of Allied Gold for C$44 per share, according to a joint announcement on Monday. Zijin Gold’s shares... https://www.scmp.com/business/article/3341330/chinas-largest-gold-miner-zijin-buys-canadas-allied-gold-us4-billion-ties-thaw?utm_source=rss_feed https://www.scmp.com/business/article/3341330/chinas-largest-gold-miner-zijin-buys-canadas-allied-gold-us4-billion-ties-thaw?utm_source=rss_feed Tue, 27 Jan 2026 03:37:54 +0000 Peggy Ye Peggy Ye A veteran private equity investor has bought a luxury home in Hong Kong’s Mid-Levels West for HK$170 million (US$22 million), according to Land Registry records, in one of the latest big-ticket residential deals involving a mainland Chinese buyer. Xu Hanjiang on January 2 acquired Unit A on the second floor of High Peak, a low-density luxury development at No 23 Po Shan Road, records showed. The four-bedroom unit came with a private lift lobby and a balcony, according to the Land Registry. With... https://www.scmp.com/property/article/3341283/mainland-chinese-investor-snaps-hong-kong-luxury-home-us22-million?utm_source=rss_feed https://www.scmp.com/property/article/3341283/mainland-chinese-investor-snaps-hong-kong-luxury-home-us22-million?utm_source=rss_feed Mon, 26 Jan 2026 12:15:09 +0000