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TOPIC

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.
The construction site for CK Asset’s Anderson Road project was recently linked to an alleged bribery scandal. Photo: Dickson Lee
Hong Kong society

Safety documents for Hong Kong construction sites ‘should require e-signatures’

Industry veteran raises suggestion to fight fraud after ICAC uncovers suspected bribery of inspectors at residential project.

Architecture and design

Renowned architect Norman Foster on his famous Hong Kong buildings

Hong Kong housing

Editorial | Public needs answers on alleged corruption at Kowloon flats site

Li Ka-shing

Hong Kong developer CK Asset set to weather ‘stress test’: chairman

The group is financially healthy and has a war chest to cope with unforeseen events as Hong Kong endures a ‘stress test’, Victor Li says.

Flags showing the logo of CK Hutchinson Holdings fly outside the company’s headquarters in Hong Kong on March 21, 2019. Photo: AFP
Hong Kong housing

Steel bar bribery case at CK Asset project in Hong Kong: timeline of events

The nearly 3,000-flat development in Kwun Tong has been mired in controversy even before concerns over steel rebar works.

Hong Kong economy

Collective oversight to blame in Hong Kong’s CK Asset building scandal: experts

While noting bribery incident is rare, engineers say many workers must have known about subpar work.

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Banking & finance

Opinion | Hongkongers deserve a financial education that empowers them

Knowing how to spend, save and invest shouldn’t be a luxury for bankers in Central but a necessity for people to thrive.

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People visit shopping mall in Mong Kok during China’s Golden Week holiday, on May 2. Photo: Elson Li
Crime in Hong Kong

10 arrested in Hong Kong in bribery case centred on CK Asset housing project

ICAC alleges that subcontractors offered site supervisors perks in exchange for lax oversight of steel rebar work on Anderson Road project.

Hong Kong society

Editorial | Diet plight of shoebox children Hong Kong’s shame

Study into youngsters living in Hong Kong’s deplorable subdivided living spaces found that nearly four in five are not getting enough nutrition.

Hong Kong society

Charity’s proposed shelter for homeless Hongkongers rejected by government

ImpactHK questions whether government’s refusal to back proposed shelter in Lai Chi Kok could stigmatise people who are living rough.

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The District Lands Office of Kowloon West has said it rejected the proposal due to a “failure to obtain policy support” after consulting various departments and stakeholders. Photo: Antony Dickson
Hong Kong

Cassette King’s luxury house in Hong Kong put on sale amid distress

Sea-view property in Pok Fu Lam handed to receivers last week, according to Land Registry records; expressions of interest to end on July 8.

The property at 188 Victoria Road in Pok Fu Lam, once owned by Hong Kong’s ‘Cassette King’ David Chan Ping-chi. Photo: Handout
Architecture and design

A designer worked his magic on a boxy 1980s Mid-Levels apartment

Despite the architectural constraints of the compartmentalised apartment, a designer managed to transform the space for an Aussie couple.

Sha Tin

Hong Kong home builders bring flats to market, seizing on sentiment surge

50 units in New Territories launched at 8.5 per cent below market prices, while New World and partners ready Wong Chuk Hang sale.

Sun Hung Kai Properties

Buyers snap up all Sierra Sea flats on weekend sale as hot streak continues

Lower interest rates and recent boost to stock market wealth have helped shore up sentiment among homebuyers, developer says.

Buyers mingling inside a Sierra Sea sales showroom in West Kowloon on Sunday. Photo: Jonathan Wong
Hong Kong

Hong Kong secondary home prices under pressure as developers offer discounts

Projects in New Territories are being priced below second-hand properties, while mainland Chinese buyers are driving demand in Kowloon.

View of Sun Hung Kai Properties’ residential development Sierra Sea in Sai Sha on April 30. Photo: Edmond So
Hong Kong

How Chinese retailers are making the most of Hong Kong’s falling rents

Some 35 per cent of retailers entering Hong Kong this year are from mainland China, compared with 29 per cent last year, CBRE says.

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Hong Kong housing

Opinion | Despite Hong Kong’s property downturn, case for subsidised housing remains

Although home prices have fallen, subsidised housing’s raison d’être remains, with larger units much in demand.

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Property financing

Meitu founder’s wife buys Hong Kong luxury home for US$60 million

Wang Baoshan paid 22 per cent less than the asking price for the 5,466 sq ft detached house at 8 Perkins Road.

A view of Hong Kong from Jardine’s Lookout. Mainland buyers have been underpinning demand for luxury property in the city. Photo: Shutterstock
Retail properties

Tenants like Donki get rental breaks in Hong Kong’s retail gloom

Hong Kong landlords offer significant discounts to attract tenants amid ongoing retail challenges, reduced tourist spending.

Abby Choi - murder of a model

HSBC moves to repossess Hong Kong flat of Abby Choi’s former father-in-law

Court summons for Kwong Kau is latest development in controversy over his subsidised flat, which has already prompted tightening of some rules.

Hong Kong housing

Wait time for Hong Kong public rental flat still at 5.3 years, applications drop

Housing Authority says figures for first quarter due to new supply and higher turnover of homes, with 4,700 applicants allocated flats.

“Light public housing” under construction at Olympic Avenue in Kai Tak. Photo: Dickson Lee
Hong Kong

Hong Kong property: mainland buyers pounce on huge discounts from local sellers

A surge in discount selling by cash-strapped owners has sparked a frenzy among well-heeled buyers, agents say.

A mainland buyer has acquired a 6,071 sq ft detached unit in Pokfulam 138, developed by Ryoden Development, for HK$300 million. Photo: Handout
Family offices

Why multifamily offices could yield bigger benefits for Hong Kong

Hong Kong can boost its economy, create jobs and generate positive global image with multifamily offices, Raffles Family Office CEO says.

Hong Kong society

Hong Kong lawmakers slam HK$20 billion welfare property plan as ‘failed’ policy

Government reveals only up to HK$240 million spent on five premises in five years since launch of plan.

Property financing

Southeast Asian buyers, schools fuel revival in Hong Kong commercial properties

Colliers forecasts commercial real estate deals to increase 14 per cent this year on policy support, valuation appeal.

Prime commercial buildings in Central, Hong Kong. Photo: AFP
Sun Hung Kai Properties

Hong Kong’s 3 biggest developers to dominate 60% of housing supply

The three developers will deliver 60 per cent of new homes in 2025 and 2026, up from 40 per cent in 2023 and 2024, JLL says.

Potential buyers queue up to buy flats in Sun Hung Kai Properties’ Sierra Sea residential project at the International Commerce Centre on May 3. Photo: Elson Li
Banking & finance

Why Hibor at 30-month low is a positive sign for Hong Kong’s economy

Hibor-linked mortgage borrowers will save about US$40 per month after the one-month interbank rate fell by almost 1 percentage point.

Sun Hung Kai Properties

Brisk Hong Kong home buying continues with third Sierra Sea sellout

Buyer confidence ‘will significantly strengthen’ and first-hand transactions this month are ‘bound to increase’, Centaline CEO says.

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