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Hong Kong property

Hong Kong property
Latest news and analysis about Hong Kong’s property industry, including sales, market outlook, policies, products and the performance of developers.
A view of Hong Kong’s Central district. Photo: Dickson Lee
Property financing

Developer Grand Ming avoids risking default by getting waivers from lenders

Developer says its lenders will not demand immediate repayment following a breach.

Property financing

Lingnan University buys T-Plus assets at 40% discount amid property slump

Wealth management

Hong Kong’s ultra rich get the cheapest champagne, priciest lawyers

Architecture and design

Architect Rocco Yim designed some of Hong Kong’s most iconic structures

Once doubtful this city had architectural lessons to offer, Yim now reflects on his own projects that have shaped Hong Kong’s skyline.

Architect Rocco Yim Sen-kee is responsible for some of Hong Kong’s most iconic spaces. Photo: Jocelyn Tam
Hong Kong society

Hong Kong Covid facility at old airport takes off as youth hostel, culture hub

“Runway 1331” project expected to provide young people with opportunities for entrepreneurship, cultural exchange and talent development.

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Hong Kong

Hong Kong property buyers snap up most flats at Novo Land and 9 Eastern Street

Sun Hung Kai sells all 110 flats on offer at Novo Land, while Million Nice sells 62 of the 69 flats, agents say.

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Property financing

Why can’t Hong Kong retail landlords cut rents for struggling tenants?

Slashing rents impacts assessments, so landlords must strike a balance between cash flow and long-term asset value, Knight Frank says.

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Pedestrians pass empty shops in Causeway Bay on July 7, 2025. Photo: Sam Tsang
Hong Kong housing

Walk through history at soon-to-be-demolished Hong Kong sea-view public estate

Walking tours organiser wants to tell the stories of Wah Fu Estate and its residents before the site is demolished for redevelopment.

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Hong Kong society

HKU, officials push back against Hongkongers’ development site proposal

Pok Fu Lam residents’ suggestion to build HKU’s innovation centre at Mount Davis site would take up more green belt area, authorities say.

Hong Kong land sale

Hong Kong government to offer just 1 residential plot for sale this quarter

A 6,500-square-metre plot at the junction of Wing Shun Street and Texaco Road in Tsuen Wan will be tendered in the July to September quarter.

View of a plot at the junction of Wing Shun Street and Texaco Road in Tsuen Wan, which will be offered for sale this quarter. Photo: Edmond So
Property financing

Commercial property crisis looms in Hong Kong amid sliding values

Capital value of commercial property set to fall by up to 10 per cent this year, with office and shop rents also slipping, JLL says.

Pedestrians stand in front of closed retail shops in Causeway Bay on August 9, 2024. Photo: Edmond So
Hong Kong society

University of Hong Kong’s revised IT hub plan angers Pok Fu Lam residents

University seeks to build on site in Pok Fu Lam, with residents accusing it of dismissing alternative sites without proper due diligence.

Hong Kong

Stamp-duty change sparks sales surge in lower-priced Hong Kong homes

Sales of homes priced between HK$3 million (US$382,000) and HK$4 million jump 73 per cent year on year after change, government says.

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New World Development

Hong Kong developer New World eyes sale of China assets after refinancing deal

New World plans to sell property assets in China, including landmarks like its K11 buildings in Hangzhou, Shenzhen and Shanghai, sources say.

New World plans to sell property assets in China, including landmarks like its K11 buildings in Shanghai (above). Photo: Handout
Hong Kong science and tech

University of Hong Kong calls Pok Fu Lam site best option for its innovation hub

Building on residential plot in area offers more advantages than locations on Mount Davis and Northern Metropolis land, university says.

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The University of Hong Kong hopes to submit a revised proposal to the Town Planning Board in March next year. Photo: Dickson Lee
Hong Kong

Hong Kong developer Grand Ming’s crisis deepens with US$611 million loan default

Company says it is in talks with lenders for waivers and has not received any demands for immediate repayment.

Retail properties

Hong Kong economy’s ‘mixed signals’ portend retail ‘turbulence’, analysts say

Shops keep closing despite retail sales growth but certain sectors show ‘leasing velocity’, while both tourist numbers and unemployment rise.

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Hong Kong society

University of Hong Kong plans to cut size of development site after backlash

Source says HKU looking at building on residential plot nearby, leaving most of a Pok Fu Lam green belt untouched.

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The original plan would have required the removal of more than 2,000 trees. Photo: Dickson Lee
Hong Kong housing

4,200 temporary homes earmarked for displaced Hong Kong subdivided flat tenants

Government confident of meeting the temporary accommodation needs of tenants affected by coming subdivided flat regulations.

Hong Kong economy

The View | Hong Kong property market’s sources of resilience finally getting noticed

The city’s property market will struggle to rise out of its hole, but there is a greater appreciation that it is not all doom and gloom.

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Hong Kong economy

Retail rents in Hong Kong under pressure after vacancy rate hits 4½-year high

Analysts say shift in consumer patterns such as residents travelling to mainland for leisure has led many businesses to opt for short-term leases.

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The vacancy rate in the city’s busiest districts, including this shopping centre in Tsim Sha Tsui, has hit a 4½-year high. Photo: Dickson Lee
Hong Kong

Smaller fall in Hong Kong office rents unlikely to benefit distressed landlords

The narrowing decline in rents suggests the market is nearing a bottom, especially in prime locations, Cushman’s John Siu says.

General view of Hong Kong seen from the Hong Kong Monetary Authority headquarters at IFC. Photo: May Tse
Hong Kong economy

Hong Kong’s Link Asset Management cuts jobs amid retail headwinds

Property giant, which boasts a portfolio worth HK$226 billion, is ‘streamlining a small number of roles’ as part of an efficiency drive.

Hong Kong economy

‘Sheer delusion’ for Hong Kong landlords to refuse to cut rents: CY Leung

‘If someone tries to go against the tide … he will become the victim at the end of the day,’ ex-leader says.

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Property financing

SHKP Tuen Mun project sells out, signalling rebound in property market

Units varied in size from 259 to 686 sq ft, including studio to three-bedroom layouts, with bigger units priced up to HK$7.8 million.

A view of SHKP’s Novo Land residential project in Tuen Mun, June 7, 2024. Photo: Edmond So
Hong Kong

Hong Kong property market ‘fundamentally sound’ amid 7-month sales high

Overall deals rise 13 per cent, as transaction value reaches a 14-month high and home sales exceed 5,000 for the fourth straight month.

A view of a residential area in Cheung Sha Wan, Hong Kong, on May 28, 2025. Photo: Eugene Lee
Property financing

Emperor’s financial struggle mirrors current state of Hong Kong real estate

Group controlled by tycoon Albert Yeung is struggling with debts of HK$16.6 billion, while losses have more than doubled to HK$4.74 billion.

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Building a new legacy

One Causeway Bay’s historical waterfront site on Hong Kong Island meets future of work head-on

The tenant mix will reflect the growing number of multinational and financial service companies expanding in the neighbourhood.

In partnership with:
One Causeway Bay
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