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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.
Mike Cai Wensheng of Meitu. Photo: Felix Wong
Property financing

Meitu founder buys Hong Kong’s Ginza-style building for US$84 million

Meitu founder invests US$84 million in Hong Kong property to create a crypto/AI start-up hub.

Hong Kong economy

Hong Kong’s tax revenue jumps 10% on talent influx, property sales

China property

Hong Kong office tenants pay world’s second-highest costs: Savills

United States

CK Asset to launch Kai Tak project soon, expects 5% rise in home prices

Some 723 units in the first two phases of Victoria Blossom have been approved for presale and could be offered to the market this quarter.

Executive director Justin Chiu Kwok-hung reaches out to a homebuyer during a project launch in 2020. Photo: Nora Tam
Property financing

Negative equity cases in Hong Kong’s real-estate market hit a new high

Negative equity cases soar to highest level since at least 2003 amid rising interest rates; experts advise caution for potential buyers.

Retail properties

Hong Kong’s Tsim Sha Tsui is the world’s most expensive luxury shopping district

Prime retail rent in TST, as the area is called, was £17,132 (US$22,976) per square metre per annum in the fourth quarter, according to Savills’ report.

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Mainland China

Hong Kong’s unsold homes hit all-time high as buyers hesitate amid tariff war

Weak demand prompted developers to rein in new launches, trimming potential supply for a fourth straight quarter.

View of Pano Harbour project (centre) by China Resources Land and Poly Property in Kai Tak. Photo: Edmond So
Architecture and design

Hong Kong architect designs his young family’s first home

A Hong Kong architect navigates the challenges and rewards of designing his young family’s first home.

Property financing

Hong Kong’s lived-in home prices approach 9-year low amid US-China tariff war

Home prices in the secondary market have lost 1.7 per cent this year, dragging an official index to the lowest level since July 2016.

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Hong Kong housing

Editorial | Vigilance key as there is no quick fix to issue of subdivided flats

Stricter enforcement of existing rules is a good place to start while longer-term efforts are needed to rid Hong Kong Kong of these shameful dwellings.

The administration aims to draft a new law allowing only subdivided flats that meet minimum standards to remain on the rental market. Photo: Eugene Lee
Hong Kong society

Vigil for Hong Kong’s Lee Shau-kee: political heavyweights, residents pay respects

Henderson Land founder remembered in vigil service before funeral on Monday, as industry praises legacy that will ‘guide future generations’.

Tributes are being paid at the Hong Kong Funeral Home in North Point. Photo: May Tse
Office rental

Hong Kong’s largest flex-office provider seeks deals with landlords

Partnering with International Workplace Group ‘makes a lot of sense to tap into growing demand for hybrid working’, CEO says.

Retailing

Hong Kong retail rents have further to fall amid spending dip

Leasing activity is strong as operators seize on bargain rents to upgrade, but shopping trends worry landlords, suppress investment.

Hong Kong housing

Hong Kong could reward those behind 700 tip-offs leading to reclaimed flats

Each report could lead to an award of up to HK$3,000 for useful information under incentive scheme.

A public housing estate in Wong Tai Sin. The government said it had reclaimed about 15,500 public rental flats in 2023-24, with nearly a fifth of cases identified through mandatory declarations. Photo: Nora Tam
Hong Kong

Investors pile into Hong Kong’s largest housing project since 1999

Sun Hung Kai Properties sold all 318 flats in the first batch of its Sierra Sea project in the New Territories.

Property sale the Sierra Sea project at the sales room of Sun Hung Kai Properties at ICC in West Kowloon on 26 April 2025. Photo: Jonathan Wong
Hong Kong courts

Tenant of Hong Kong’s only private low-rent residence loses resettlement bid

86-year-old Leung Ah-duen has sought to challenge her landlord’s decision to limit rehousing help at Tai Hang Sai Estate.

Banking & finance

Hong Kong’s Gaw Capital to raise new US$2 billion property fund

A potential investor was told the fund’s investments would be diversified and remain flexible amid market volatility.

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Hong Kong stock market

HKEX to buy space in Exchange Square for US$812 million from Hongkong Land

Purchase follows the Securities and Futures Commission’s acquisition of its own permanent office in Quarry Bay in late 2023.

The Exchange Square in Central, home to the city’s stock market operator Hong Kong Exchanges and Clearing. Photo: Nathan Tsui
Hong Kong

Hong Kong retail slump claims another victim as dessert shop deserts

After You Dessert Cafe to close its two shops as retail sector downturn puts further pressure on the weak retail property market.

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Hong Kong

100% rent hike forces Prince Jewellery to close Hong Kong shop after 21 years

Landlord plans to raise the rent for the prime retail space to HK$2.21 million, according to property agents.

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Hong Kong

21,000 Hongkongers vie for 329 new homes at SHKP’s Sierra Sea

The pricing is about 20 per cent below second-hand properties in the district in the New Territories, Midland Realty says.

The logo of Sun Hung Kai Properties outside its headquarters in Wan Chai in this file photo. Photo: Felix Wong
International Property

Asia-Pacific office tenants eye flexible spaces, short leases as trade war lingers

Despite a 42 per cent slide over the past six years, prime office rents in Hong Kong remained the most expensive in the region.

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Jakarta’s business district as seen on April 14, 2025. Photo: AFP
Mainland China

Bridgeway suffers 30% capital loss on 3 retail property deals amid market gloom

Fund is raising cash to get ready for other buying opportunities amid market stress, founder Edwin Lee says.

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Hong Kong

Exclusive | Hong Kong pharmacy to become latest tenant on Russell Street amid rent slump

Annual rent in Causeway Bay shopping district has declined 46 per cent on average between 2018 and 2024, according to Cushman & Wakefield.

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Retail properties

Firm tied to Philippines brand Oishi buys 2 Hong Kong shops

Snack maker adds to property holdings in city as some analysts predict improvements in retail sales.

Prawn crackers from the Philippine-based maker of Oishi snacks sit on a store shelf in this undated file photo. Photo: Handout
Hong Kong

SHKP flirts with home prices unseen since 2014 as it launches Sai Sha project

The first batch of 158 units in Sierra Sea, a megaproject of 9,700 homes near Sai Kung, is likely to sell out in one day, Midland Realty says.

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An aerial view of the Go Park Sai Sha, developed by Sun Hung Kai Properties. Photo: Handout
China property

Swire Properties bullish on mainland China despite tariff war’s pall

Hong Kong developer says it is on the hunt for retail investments in Shenzhen amid the ‘onshoring’ of consumption, CEO says.

Property financing

Hong Kong’s home purchase forfeitures drop as sentiment improves

Forfeitures of deposits declined to 83 cases in the first quarter, 20 per cent lower compared with the last quarter of 2024, according to Centaline.

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