In the second instalment of our two-part series on Hong Kong’s beleaguered property market, analysts explore why this slump is different from past downturns. The first instalment discussed how the resurgence of the city’s stock market as a venue for initial public offerings could boost office uptake and ease developers’ pain. Swiss bank UBS got…
In the second instalment of our two-part series on Hong Kong’s beleaguered property market, analysts explore why this slump is different from past downturns. The first instalment discussed how the resurgence of the city’s stock market as a venue for initial public offerings could boost office uptake and ease developers’ pain. Swiss bank UBS got…
In a commercial rental market beset by high vacancy rates, many Hong Kong landlords feel stuck between a rock and a hard place: giving tenants a break on rent makes it harder to pay mortgages and threatens asset value, but holding the line on rent runs the risk of driving tenants away. In this difficult…
Hong Kong’s residential property segment is on the verge of a turnaround that could last between four and five years, with home prices likely to rise starting in the second half of the year, according to Morgan Stanley. The US investment bank said the first half of the year would end with prices down 2…
Hong Kong pop diva and actress Karen Mok Man-wai bought a luxury unit in the Mid-Levels district for HK$85 million (US$10.8 million), as the city’s celebrities, tycoons and other wealthy investors continue to pick up plum properties that are selling for a song. According to the Land Registry, a 2,153 sq ft three-bedroom flat at…
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…
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,…
Restaurateurs and retailers in Hong Kong reported increased foot traffic and business throughout the first four days of mainland China’s Labour Day “golden week” break compared with last year, but the number of departing locals was still nearly 50 per cent more than incoming visitors. Data from Hong Kong’s Immigration Department also showed that travellers…
Restaurateurs and retailers in Hong Kong reported increased foot traffic and business throughout the first four days of mainland China’s Labour Day “golden week” break compared with last year, but the number of departing locals was still nearly 50 per cent more than incoming visitors. Data from Hong Kong’s Immigration Department also showed that travellers…