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Property investment

Property investment
Latest news and features on property investment, including prices and trends and wider issues that might affect property markets.
last updated:
9 September, 2024
General view of Kai Tak. The 320-hectare development is billed as Hong Kong’s second central business district. Photo: Dickson Lee
Hong Kong property

Mystery buyer spends HK$150 million for 26 flats in shopping binge

All the flats were acquired in Kai Tak district in projects including Double Coast 1 and Twin Victoria, according to agents.

Hong Kong property

Hong Kong home prices: up or down? Experts weigh in with forecasts for 2025

China property

Swire sees robust demand for flats at first mainland China residential project

Hong Kong property

Even Chow Yun-fat is no match for Hong Kong’s real estate slump

Cutting the price of his home on The Peak, the film star joins other celebrities and tycoons selling high-end homes at a discount.

An aerial view of residential buildings on The Peak. Photo: Roy Issa
Hong Kong property

Hong Kong’s hotel industry faces ‘worrying’ troubles in tax and Trump

A 3 per cent tax on hotel guests on January 1 and looming troubles from the Trump presidency could undermine the city’s tourism sector.

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International Property

La Défense, Europe’s largest purpose-built business district, seeks Asian investors

Around 15 per cent of the office space in the business district is currently vacant because of weak demand.

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Hong Kong property

1 in 6 Hongkongers are eyeing home purchase in next 5 years: HSBC

Around 300,000 households will be in the market, exceeding expected supply, the lender estimates.

A view of a residential estate at Mei Foo Sun Chuen, Hong Kong, on November 7, 2024. Photo: Alexander Mak
Banking & finance

China had nearly 100 fewer billionaires in 2024, UBS says

In Hong Kong, the billionaire tally rose to 74 from 68.

China property

China’s new home sales forecast to drop 15% in 2025, Fitch reports

At about 2.03 per cent, rental yield is still way below the benchmark home mortgage financing rate to spark investment in new homes.

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Hong Kong stock market

ESR shares rally on US$7.1 billion take-private offer from founders, funds

Consortium offers HK$13 per share to take ESR private, or a stock swap with an offshore entity in a bid to refocus its business.

Privatisation bid aimed at reshaping its business in Asia-Pacific and optimising its balance sheet, consortiium says. Photo: Handout
Hong Kong property

Hong Kong property deals hit 7-month high, but December slowdown looms

Some 7,689 real estate transactions worth US$8.2 billion were completed last month, according to the Land Registry.

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Homes for sale are listed at a property agency in Hong Kong. Photo: Eugene Lee
China property

Record Shenzhen land sale is a confidence boost for China’s property market

China Overseas Land and Investment and China Resources Land snap up 263,000-square-metre parcel in Nanshan district.

China property

Shimao gets more time to restructure debt after rebuffing liquidation petition

Shimao faced liquidation petition from Hong Kong branch of state lender CCB over unpaid borrowings.

Hong Kong economy

Opinion | Appeals to business leaders’ patriotism aren’t what Hong Kong needs

If the Hong Kong government wants businesses to help with the city’s development, it must do more to create favourable conditions.

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Hong Kong Chief Executive John Lee (left) talks to Xia Baolong, director of the Hong Kong and Macau Affairs Office, in Beijing on September 24. Photo: Hong Kong and Macau Affairs Office
China property

China property market faces long recovery road despite debt-plan progress

Sino Ocean and Shimao debt plans inch ahead in ‘positive signal’, but true recovery is still far off given structural issues, analysts say.

A model of housing units developed by Sino-Ocean Group is seen in Qinhuangdao city, Hebei province, on June 30, 2024. Photo: Simon Song
China property

Sunac sells stake in Harbin Ice and Snow World Park for US$138 million

The divestment comes amid Sunac’s efforts to restructure about US$2 billion in onshore debt.

Hong Kong property

New World sells Hong Kong sports park stake to parent to tackle debt

Stake in New World Sports Development, the developer of Kai Tak Sports Park, sold to Chow Tai Fook Enterprises for US$53.5 million.

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Hong Kong property

Hong Kong university pays US$334 million for Chen Hongtian’s seized office tower

Hong Kong Metropolitan University makes its second purchase in six months in this year’s biggest commercial deal.

One HarbourGate East Tower in Hung Hom, Kowloon is among assets seized by creditors from Chinese tycoon Chen Hongtian. Photo: Handout
China property

Evergrande founder Hui Ka-yan’s spending restricted by Guangzhou court

It has been almost three years since China Evergrande, once the largest real estate developer in China, defaulted on its debts.

Hong Kong property

Hong Kong home prices rise for the first time since March; rents cool slightly

Secondary home prices increased 0.62 per cent in October.

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Hong Kong property

Chinese tycoon offloads 9 Hong Kong luxury flats at half price in fire sale

Chen Zhuolin sold nine units in Hamburg Villa, valued at HK$213 million (US$27.3 million), for about HK$90 million.

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The chairman of Agile Group Holdings has sold all nine units he owned in Hamburg Villa this month. Photo: Jonathan Wong
Hong Kong property

Art houses Christie’s, Sotheby’s show off flashy new Hong Kong showrooms

The auction houses’ glammed up spaces are a reflection of their desire to change the way they conduct business.

A view of Sotheby’s new space in Hong Kong. Photo: Facebook
Hong Kong property

Tsim Sha Tsui named world’s fourth most expensive shopping district

District falls from third place but is the most expensive shopping destination in Asia-Pacific, according to Cushman & Wakefield.

Hong Kong property

China, Singapore key to Hongkong Land’s US$10 billion asset disposal goal

Analysts approve the developer’s ‘strategic pivot’, but caution that execution remains key to its success.

China property

China unveils new tax breaks to boost home sales, free up household cash

‘Pretty sizeable’ reductions would ease burdens on buyers and sellers, accelerating listings and sales, analyst says.

An agent speaks with potential buyers near a scale model of residential buildings at a property fair in Shenzhen, Guangdong province, on Tuesday. Photo: Reuters
Hong Kong property

Chinese tycoon dumps Hong Kong Mid-Levels flat for 35% less than he paid for it

The seller of the flat is An Zhifu, president of Sichuan-based Fulin Group.

The Alassio development on Caine Road in Mid-Levels. Photo: Google Maps
Hong Kong property

Hong Kong residential property prices to rebound in 2025; unsold inventory looms

‘We expect Hong Kong home prices to be up 5 per cent in 2025,’ says Praveen Choudhary of Morgan Stanley.

International Property

Why Trump election is good and bad for Chinese property investors in the US

Trump tax cuts, tariffs will keep interest rates high, but current owners will benefit from his presidency.

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