A veteran private equity investor has bought a luxury home in Hong Kong’s Mid-Levels West for HK$170 million (US$22 million), according to Land Registry records, in one of the latest big-ticket residential deals involving a mainland Chinese buyer. Xu Hanjiang on January 2 acquired Unit A on the second floor of High Peak, a low-density…
Records from the Land Registry showed that five upscale homes – from areas such as Mid-Levels, Wan Chai and Sai Kung – changed hands in deals valued between HK$93 million and HK$238 million. The flurry of luxury home deals comes amid a recovery in Hong Kong’s residential property segment, as affluent homebuyers and investors aggressively…
After several subdued years, 2025 marked a turning point for demand in Hong Kong’s most prestigious housing enclaves, as mainland buyers streamed back into scarce ultra-luxury homes once prices stabilised and transaction momentum rolled into the new year. That shift was most visible in The Peak and Southern district – two low-density, ultra-wealthy neighbourhoods on…
Hong Kong’s rail giant has been asked to plan an extension to the South Island line, with construction expected to be completed by 2034, after the city’s key decision-making body gave the green light to proceed with an updated design on Saturday. The Transport and Logistics Bureau said the Executive Council had given the government…
After selling a HK$319 million (US$41 million) luxury home in Hong Kong’s affluent Southern district, a former finance executive has rented a 4,715 sq ft house at The Peak, the city’s most exclusive neighbourhood, for HK$525,000 a month, official records show. Lawrence Lam Yuk-kun was identified as the former owner of a house in Deep…
Hong Kong police have launched an investigation after jewellery and watches worth more than HK$1 million (US$128,610) were stolen from a luxury flat in Repulse Bay. Police said they received a report at around 10am on Saturday from the security staff at The Lily, a serviced flat complex in the affluent neighbourhood in Southern district….
A Hong Kong online jewellery shop sued by The Walt Disney Company for trademark infringement has withdrawn its entire Mickey Mouse-themed collection, despite denying any brand violation. Sateur, operated by Red Earth Group Limited, removed the products after legal advice warned of the potential for a lengthy multimillion-dollar court battle. The company said that, while…
The unprecedented five black rainstorms in Hong Kong this year have exposed major weaknesses in the city’s climate defence strategy, with authorities underestimating risks and eroding public confidence, a top climate scientist has warned, as he called for a review of workplace guidelines to better protect workers in extreme weather. The warning on Friday by…
The unprecedented five black rainstorms in Hong Kong this year have exposed major weaknesses in the city’s climate defence strategy, with authorities underestimating risks and eroding public confidence, a top climate scientist has warned, as he called for a review of workplace guidelines to better protect workers in extreme weather. The warning on Friday by…
Hong Kong is ramping up efforts to develop driverless vehicle services by launching a trial at Cyberport and expanding an initiative at the West Kowloon arts hub following road tests in other areas. The Transport Department said on Thursday that mainland Chinese tech giant Baidu was also interested in applying to test autonomous vehicles in…