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Derek Chan

Derek Chan
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.
KS Lo and Great Eagle management have bought multiple units in residential developments such as Henley in Kai Tak. Photo: Handout
Hong Kong property

Brother of Great Eagle chairman sells Hong Kong flats amid deleveraging trend

Home prices have fallen about 30 per cent from their 2021 peak, but recent data indicates a gradual recovery.

Hong Kong property

Hong Kong buyers snap up most of 360 flats at 2 projects as confidence returns

Style Edit

Style Edit: Meet Hong Kong fashion’s soft-power six

Hong Kong property

McDonald’s sells Hong Kong shop outside disposal plan for US$11.9 million

Latest sale of Hong Kong restaurant site by the Chicago-based food chain reflects a retail valuation reset as rents stay subdued.

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McDonald’s Hong Kong announced that from January 1, the average salary increase for restaurant management groups will be 3 per cent. However, the company is also selling off restaurants across Hong Kong as the retail property sector remains under pressure. Photo: Sam Tsang
Hong Kong economy

From oil spikes to power bills, how war on Iran will hit Hongkongers’ wallets

Residents may face higher energy and dining costs as analysts stress the city cannot remain immune to surging oil prices.

Hong Kong property

Hong Kong’s home prices reach 19-month high as rise gathers pace

‘We expect Hong Kong’s residential market in 2026 to remain resilient and positive,’ CBRE’s Hannah Jeong says.

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Hong Kong’s Tai Po fire tragedy

Hong Kong fire department to review strategies following Tai Po inferno

New steering committee within Fire Services Department will evaluate operational strategies.

The Wang Fuk Court blaze tore through seven residential buildings. Photo: Eugene Lee
Hong Kong property

Hong Kong’s property market to build on gains in the Year of the Horse: agents

Overall property transactions in the Year of the Snake totalled 87,506 valued at about US$86.8 billion, according to the Land Registry.

Hong Kong property

Soaring Hong Kong rents: tenants pay more – and fight for shrinking space

With rents at peak levels and bidding contests common, tenants struggle to balance cost, space and location in a tightening market.

Hong Kong property

Hong Kong records US$95 million worth of luxury home deals in a single day

The surge in luxury home deals comes amid a recovery in Hong Kong’s residential property segment.

The largest of the luxury deals completed on Monday involved a house at Black’s Link in Wan Chai. Photo: Google Maps
Law

Legal Tales | What happens in Hong Kong’s top court, hidden amid the city’s winter wonderland

It may be used as a canvas for Christmas projections, but the building houses independently appointed judges who uphold and develop the city’s laws.

The Court of Final Appeal building is used as a backdrop for an animated light show during the Christmas season. Photo: Eugene Lee
Hong Kong property

Hong Kong home sales rise in December amid demand for affordable units

Overall residential transactions rose 5.3 per cent to 5,883 last month, but deal value fell nearly 1 per cent to US$6.6 billion.

Hong Kong

Hong Kong home prices rise for sixth month, setting stage for 2026 rebound

December gains seen easing after deadly fire dampens sentiment, but a more sustained rebound is forecast from mid-2026 on easing rates.

Hong Kong property

Hong Kong home sales dip as December slowdown looms amid tragedy, holiday lull

Soft sentiment and stalled launches are expected to drag December property transactions to their lowest since August.

Fewer working days and the festive holidays are expected to contribute to a soft property market, analysts say. Photo: Sun Yeung
Hong Kong property

Hong Kong home sales recovery looks more solid as prices edge up

Mortgage and resale data both show a sustained rise in sentiment amid improving rates, prices and rental yields, agents say.

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Homes for sale are displayed in the window of a property agency in Tai Wai on September 2, 2025. Photo: Sam Tsang
Hong Kong property

Hong Kong property viewing dips after deadly fire as city pauses to mourn

Fundamentals will continue to drive the market’s gradual improvement over the longer term, analysts say.

Accidents and personal safety

Poor fire retardance, alleged worker smoking among fatal Hong Kong blaze theories

Ahead of an investigation, suspected contributing factors fuel speculation into the cause of the city’s deadliest inferno in recent decades.

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Hong Kong society

At least 36 dead as huge fire rips through Hong Kong housing estate

Flames engulf bamboo scaffolding across seven residential blocks in Wang Fuk Court, with inferno raging for hours.

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Scaffolding in seven blocks of Wang Fuk Court in Tai Po caught fire. Photo: Eugene Lee
Hong Kong property

Momentum builds: ‘bigger’ Hong Kong property rebound forecast for 2026

Resurgent stock market helps steer secondary home prices to 14-month high as rent index maintains historical peak.

Law

Legal Tales | How Hong Kong’s law protects those drawn to crypto and virtual asset investments

City has introduced groundbreaking, tailor-made laws designed to protect the public when investing in new class of financial products.

Hong Kong economy

Hundreds flock to Hong Kong’s Water Parade featuring giant Labubu, Doraemon, Elmo

Inflatables make loop of Victoria Harbour from Admiralty to Fortress Hill, and then across to Tsim Sha Tsui.

Hundreds gathered for the “Water Parade”. Photo: Elson Li
Hong Kong property

Hong Kong’s Hang Seng Bank COO pays US$5.14 million for Happy Valley luxury flat

The transaction reflects a meaningful rebound in Hong Kong’s residential property segment, especially in high-end real estate.

General view of Hong Kong’s Happy Valley. Photo: Dickson Lee
Law

Legal Tales | Justice in the hands of the people: benefits of trial by jury in Hong Kong

Juries have been part of our legal system since 1845 and ensure the public’s direct participation in the criminal justice system.

Hong Kong property

More affluent buyers to snap up luxury Hong Kong homes amid strong stock market

‘The pick up in transaction volumes is giving buyers confidence that market prices will go up,’ Habitat Property’s Victoria Allan says.

Hong Kong property

Hong Kong homebuyers snap up the city’s first sale after rate cuts

New World Development and CK Asset Holdings sold 120 apartments, or 66 per cent of the 190 flats on offer at two locations in Hong Kong.

New World Development offered 120 units of its House Muse residential project in Kowloon City at K11 ATELIER in Quarry Bay on September 19, 2025. Photo: Karma Lo
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