UK biotech start-up Colorifix will focus on the textile markets in India and Sri Lanka next year, before making its entry into China and Southeast Asia, chief operating officer Christopher Hunter says.

It is the latest developer to launch an initiative that forms part of an industry-wide decarbonisation push aimed at helping the city reach its climate targets.

CEO of Circ, part of Nan Fung Group’s The Mills Fabrica incubator, says its technology addresses the largest waste stream in the textile industry.

Lau Chauin, the daughter of the chairman of Heungkong Group, paid HK$140,800 (US$18,050) per square foot for a flat and three parking spaces in Mount Nicholson on The Peak.

Private flats to be built under the Land Sharing Pilot Scheme will not necessarily cost more and is a ‘win-win’ solution for all stakeholders, managing director Ricky Wong says.

Vanessa Cheung, the granddaughter of Hong Kong’s ‘King of Cotton Yarn’, took a warehouse in Tsuen Wan and turned it into a co-working, retail and arts space. Now she’s done the same in the UK capital.

Nan Fung’s The Mills Fabrica provides a 12-month incubation programme for start-ups and invests in early stage companies that reduce waste along the fashion industry supply chain.

Individual and corporate real estate investors from the mainland had been the lifeblood that had sustained the eye-popping prices of Hong Kong’s property industry in the past decade, from multimillion dollar mansions to some of the world’s most expensive offices in marquee addresses in Central.

A car parking bay at the exclusive Mount Nicholson development on The Peak fetched over HK$10 million (US$1.3 million), smashing a world record set in 2019.

Hugh Douglas Madden, CEO of BC Tech Group, bought a 1,953 sq ft flat on the fourth floor of Winfield Building in Happy Valley.

The strong sales at the two locations marked the return of Hong Kong’s property bull market, as investors and owner-occupiers alike took advantage of discounted prices and cheap mortgages to pick up assets, confident that the coronavirus pandemic may soon come under control.

A second successful sales weekend this month is a boost for Hong Kong’s home market, which has been grappling to regain its footing amid a 6.1 per cent economic contraction in 2020.

As many as 1,800 new homes could be sold in January, with buyers already snapping up 1,116 new flats in the first 28 days of the month.

The strong response at LP10, following last weekend’s sell-out launch at Kai Tak, is a shot in the arm for the real estate industry.

In the first signs of a slowdown in Hong Kong’s office property market, the city withdrew this year’s largest commercial site from tender, while Nan Fung lowered the asking rent for an office tower under construction by up to 20 per cent.

Hong Kong-based property developer Nan Fung deepened its diversification into health care with the announcement on Friday of a joint venture that will produce and sell in mainland China biosimilar versions of medicines used to treat arthritis and cancers.

Buyers snapped up more than 700 new homes during weekend sales amid signs of an easing in Washington-Beijing tensions

Across the city, 607 flats were offered for open sale by four developers in Lohas Park, To Kwan Wan, Yau Tong and West Kowloon. Thousands of people queued for the 294 properties on offer at New World’s Artisan Garden.

Enthusiasm high in hot property market despite large storm and recent downbeat investment sentiment

Three former Hong Kong textile factories will reopen next year under the name The Mills and will feature an art gallery, a textile industry museum, a start-up incubator and shops, including established neighbourhood businesses

The Nan Fung Group director and gym co-owner, who recently launched a community health initiative, tells us how she got the fitness bug, how she stays in shape and how to squeeze exercise into your day

Guessing how Cheung Kong will price City Point, the housing estate in Tsuen Wan it plans to launch with Nan Fung soon, has been a popular game recently for property agents such as Eva Tse.