Hong Kong is facing a commercial real estate crisis, with small and medium-sized developers as well as banks under increasing pressure as capital values slide amid lethargic leasing activity, according to JLL. The capital value of commercial property was set to drop by “a further 5 to 10 per cent” this year, said Joseph Tsang,…
Hong Kong’s residential property market recovery is gaining traction, with transactions of lower-priced homes rising sharply on the back of improved sentiment and recent government tax relief measures. From March to May, 3,780 residential properties priced between HK$3 million (US$382,000) and HK$4 million were sold, a 73 per cent increase from the same period last…
Hong Kong’s residential property market recovery is gaining traction, with transactions of lower-priced homes rising sharply on the back of improved sentiment and recent government tax relief measures. From March to May, 3,780 residential properties priced between HK$3 million (US$382,000) and HK$4 million were sold, a 73 per cent increase from the same period last…
Jun 23, 2025 Hong Kong’s hotel investment market is witnessing unprecedented growth, with hotel deals constituting 45% of commercial real estate transactions in the first quarter of the year, marking the busiest quarter on record. Property consultants attribute this surge to investors capitalizing on distressed assets and a promising recovery in tourism, coupled with a…
Henderson Land Development, one of Hong Kong’s largest developers, has leased a 223,437 sq ft space in its prized mixed-use project in Central to Jane Street Asia in one of the largest leasing transactions in the city’s main business district in decades. The rent for the space, across six floors in New Central Harbourfront, will…
Both transaction volume and home prices in Hong Kong’s secondary property market remain under pressure, as developers continue to launch new residential projects at low prices and homebuyers stay cautious amid uncertainties arising from US tariffs, market experts said. “The cluster of secondary residential projects that are being affected by the low pricing of new…
Both transaction volume and home prices in Hong Kong’s secondary property market remain under pressure, as developers continue to launch new residential projects at low prices and homebuyers stay cautious amid uncertainties arising from US tariffs, market experts said. “The cluster of secondary residential projects that are being affected by the low pricing of new…
Hong Kong’s retail landlords are extending more rental discounts to their tenants, property agents said, amid a tough operating environment. Japanese supermarket chain Don Don Donki will be keeping its 17,332 sq ft of space across two floors at 100 Queen’s Road Central for HK$900,000 (US$115,456) a month, a 25 per cent reduction from the…
Three of Hong Kong’s biggest developers – Sun Hung Kai Properties (SHKP), CK Asset Holdings and Henderson Land – are expected to dominate the housing market, as homebuyers increasingly prefer smaller flats amid economic jitters, according to JLL. The trio were set to deliver 60 per cent of new residential units in 2025 and 2026,…
Narratives are important, especially in the sentiment-driven property industry, where the mood among buyers and sellers is a crucial determinant of the sector’s performance and outlook. If there is a market that desperately needs an upbeat story, it is Hong Kong. Since 2018, the city has lurched from one crisis to the next, preventing a…