Hong Kong’s home sales remained above the 5,000 level for the sixth consecutive month in August, further strengthening the view that the city’s residential property market may have bottomed out. A total of 5,291 homes were transacted last month, according to data from the Land Registry on Tuesday, continuing a run above 5,000 that started…
Hong Kong developers rushed to put more than 200 residential units on the market for sale on Friday, as they took advantage of the market’s anticipation of the first interest rate cut of 2025, which may take place as soon as mid-September. Most of the flats were offered at two locations on the Kowloon peninsula….
Francis Yuen Tin-fan, former CEO of Hong Kong’s stock exchange operator, and his wife spent HK$46.5 million (US$5.92 million) on a luxury flat in Kai Tak, adding to a string of transactions that they have made in the city over the past decade. Yuen and Rose Lee Wai-mun bought a 1,298 sq ft four-bedroom unit…
Wang Ruoshuo, a 21-year-old student from Hefei, the capital of central Anhui province, is searching for a flat in Hung Hom in southern Kowloon, which is close to her university and the company where she interns. As a first-time renter, however, she has been taken aback by the high prices. Wang and her friends are…
The first batch of flats on offer at the Deep Water Pavilia project on the south side of Hong Kong island are expected to sell out, according to property agents, as homebuyers rushed to snap up available units this weekend on the back of discounted pricing and low interest rates. As of 1pm on Saturday,…
May 19, 2025 Hong Kong’s real estate market is witnessing a fresh wave of residential unit launches, as developers strategically price properties below market rates to capture the burgeoning market sentiment. On Monday, Wing Tai Properties and China Vanke‘s Hong Kong unit announced the pricing of flats in the New Territories at about 8.5% lower…
Sun Hung Kai Properties (SHKP) sold 73 per cent of the units allocated on Sunday to buyers of its Sierra Sea residential project, capitalising on a sharp fall in interest rates and renewed optimism in the city’s stock market outlook. Hong Kong’s largest developer sold 277 of the 376 units on offer in phase 1B…
Sun Hung Kai Properties (SHKP) is launching another batch of flats in its Sierra Sea project in the New Territories following two consecutive sold-out weekends in one of Hong Kong’s largest residential projects in more than a quarter century. On Wednesday, Hong Kong’s largest developer will offer 150 flats in the 9,700-unit project in Shap…
Sun Hung Kai Properties (SHKP) scored another sell-out weekend for Sierra Sea, its mega residential project in the New Territories, as homebuyers took advantage of discounted prices that are about 20 per cent lower than those of similar properties in the district. As of 6pm, Hong Kong’s largest property developer sold all 288 of the…