The recent property downturn has paradoxically increased the market dominance of Hong Kong’s three biggest developers. An estimated 60 per cent of new residential units this year and next will be delivered by Sun Hung Kai Properties (SHKP), CK Asset Holdings and Henderson Land, up from 40 per cent in the past two years. Meanwhile,…
Hong Kong’s public finances are crumbling. For decades, the city’s fiscal health relied heavily on land sales. Between 2012 and 2022, land sales contributed an average of 14 per cent of government revenue. However, in 2024-25, land sales plunged to just 1 per cent of revenue, or about HK$6.6 billion (US$848 million), a stark contrast…
Hong Kong will press on with selling residential plots, the development minister has said, despite an earlier warning from a credit-rating agency that oversupply is hurting the property market. Bernadette Linn Hon-ho also said on Saturday that authorities would not give up on creating artificial islands in the waters off Lantau as part of plans…