Hong Kong’s property market is poised for a broad-based recovery as a strong upturn in the residential segment spills over to the struggling office and retail sectors, according to analysts. Morgan Stanley upgraded its forecast for the city’s home prices to a 12 per cent increase this year from 10 per cent previously and anticipated…
Hong Kong homebuyers snapped up most of the new flats released on Thursday, with developers beginning to ramp up new construction amid sustained housing demand. All 120 units at the One Victoria Cove I in Hung Hom, jointly developed by Henderson Land Development, Hysan Development and Empire Group, were sold by 5.20pm, according to agents….
A Hong Kong cook has been jailed for 18 years for persistently sexually abusing the daughter he shares with his mistress, also slammed by the judge for trying to keep the victim silent about the defendant’s crimes. The High Court on Wednesday said a deterrent sentence was necessary for the 61-year-old to reflect society’s abhorrence…
Hong Kong developers released nearly 300 new flats to the market amid enthusiastic demand from potential homebuyers as the latest official data show completion of private residential units is set to decline this year and next. As of 3pm, 138 out of 218 units at the One Victoria Cove Phase I in Hung Hom, jointly…
A Henderson Land Development joint venture has won a five-year contract to operate the Central Harbourfront Event Space in Hong Kong, with a clause that would require the government to be compensated if the number of events falls short of its commitment. The Development Bureau on Thursday announced that Central Grand Limited (CGL), a joint…
Hong Kong homebuyers flocked to the second round of new flat sales at the La Mirabelle I project in Tseung Kwan O, underscoring continuing demand for property amid escalating tensions in the Middle East. By noon, 72 of the 168 units had been sold, according to agents. Another 86 flats have been made available via…
Hong Kong developers are raising prices of new homes this week following sold-out launches in recent days, further testing the appetite of homebuyers amid geopolitical and interest rate uncertainties. Henderson Land Development put another 39 units at its Chester project in Hung Hom on sale on Monday, with 25 homes finding buyers, according to agents….
A section of Hong Kong Island’s southwest coast at Aberdeen will be revamped into a new marina with 200 berths, a clubhouse and about 250 private flats by 2032 as part of government efforts to boost yacht tourism. The Development Bureau said on Wednesday that it aimed to launch a tender in the first half…
Hong Kong police have launched a manhunt for three people involved in a suspected deception case in which a shop reportedly lost 73kg of gold bars worth an estimated US$12 million, the South China Morning Post has learned. The force said on Friday that a woman in Hung Hom had made a report around 2.57pm…
Hong Kong police have arrested five people and recovered nearly HK$100 million (US$12.7 million) worth of gold stolen in a suspected deception case, in which a “buyer” allegedly worked for a group that seized the haul before fleeing. The incident took place at about 2.45pm on Friday at an office in Peninsula Square, a commercial…