https://www.scmp.com/rss/43/feed All the latest property market news from Hong Kong and China, advice on moving house, new homes, lettings and rentals search en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Peggy Ye Peggy Ye Beijing’s latest efforts to tighten oversight of cross-border capital flows have sparked concerns that a reduction in mainland demand for Hong Kong homes could impact the city’s recovering property market. The debate follows a series of measures unveiled in recent weeks, including tighter scrutiny of unauthorised offshore brokers and guidelines issued to crack down on illegal cross-border fund-transfer channels. The move has fuelled fears that mainland residents could face greater hurdles in... https://www.scmp.com/property/article/3355863/why-chinas-tighter-grip-outbound-capital-may-test-hong-kongs-housing-rebound?utm_source=rss_feed https://www.scmp.com/property/article/3355863/why-chinas-tighter-grip-outbound-capital-may-test-hong-kongs-housing-rebound?utm_source=rss_feed Wed, 03 Jun 2026 23:00:07 +0000 Zhu Wenqian Zhu Wenqian China’s home prices saw a modest recovery in May, adding to growth in March and April, as positive signs of a gradually stabilising property market continued to accumulate after five years of weakness, according to analysts. In May, the average price of newly built residential properties across 100 Chinese cities stood at 17,156 yuan (US$2,534) per square metre, edging up 0.16 per cent from a month earlier and 2.03 per cent year on year, data from the China Index Academy showed on Monday. The... https://www.scmp.com/business/article/3355548/chinas-property-market-shows-more-positive-signs-price-sales-upticks?utm_source=rss_feed https://www.scmp.com/business/article/3355548/chinas-property-market-shows-more-positive-signs-price-sales-upticks?utm_source=rss_feed Mon, 01 Jun 2026 08:30:20 +0000 Daniel Ren Daniel Ren China’s ambitious urban renewal projects, from upgrading dilapidated homes to rebuilding gas pipelines, are expected to require investment of at least 15 trillion yuan (US$2.2 trillion) in the five years from 2026, offering fresh growth opportunities for construction firms. Property developers also received a shot in the arm on Friday, after the State Council released a guideline on the urban renewal campaign, part of Beijing’s 15th five-year plan for 2026 to 2030. The overall investment could... https://www.scmp.com/business/china-business/article/3355357/chinas-us22-trillion-urban-renewal-plan-boost-construction-property-sectors?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3355357/chinas-us22-trillion-urban-renewal-plan-boost-construction-property-sectors?utm_source=rss_feed Fri, 29 May 2026 12:33:10 +0000 Peggy Sito Peggy Sito Hong Kong’s lived-in home prices rose for the 11th consecutive month to a 30-month high in April, even as the rate of growth slowed compared with March, while rents in the city rose to another record high. Analysts said home prices in both primary and secondary markets would continue to improve this year and next, amid growing buyer confidence. According to the Rating and Valuation Department’s data, the private lived-in home price index in the city rose to 316.6 in April, representing a 0.89... https://www.scmp.com/business/article/3354994/hong-kong-home-prices-reach-30-month-high-april-while-rents-set-another-record?utm_source=rss_feed https://www.scmp.com/business/article/3354994/hong-kong-home-prices-reach-30-month-high-april-while-rents-set-another-record?utm_source=rss_feed Wed, 27 May 2026 05:58:09 +0000 Cheryl Arcibal Cheryl Arcibal Student housing is tipped to be a top choice among investors in mainland China’s property market as demand continues to outstrip supply for suitable accommodation for university students, according to analysts. Interest in investment in the student housing segment – particularly in mainland China, Hong Kong and Australia – has risen, according to property consultancy CBRE. “Much of this increase is being driven by mainland China, which has seen a surge in interest this year on the back of steady... https://www.scmp.com/business/article/3354825/chinas-student-housing-offices-top-property-investment-options-amid-pricing-slump?utm_source=rss_feed https://www.scmp.com/business/article/3354825/chinas-student-housing-offices-top-property-investment-options-amid-pricing-slump?utm_source=rss_feed Tue, 26 May 2026 03:02:57 +0000 Daniel Ren Daniel Ren Chinese companies have found it difficult to secure offices, logistics facilities and retail space when expanding their footprints abroad, forcing some to put their global expansion plans on hold due to failed property strategies, according to a JLL report. The real estate services firm said 82 per cent of corporate respondents in a survey reported either paying more than expected to buy or rent properties, or wasting time in failed searches or prolonged furnishing, representing a stern... https://www.scmp.com/business/china-business/article/3354678/property-challenges-put-chinese-firms-go-global-plans-risk-jll-says?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3354678/property-challenges-put-chinese-firms-go-global-plans-risk-jll-says?utm_source=rss_feed Mon, 25 May 2026 03:00:06 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong is likely to attract more mainland Chinese retail brands, but unlike the previous wave, non food and beverage (F&B) retailers are the ones ramping up their presence, according to analysts. The change in profile of mainland brands coming to Hong Kong is helping the city’s landlords fill vacant spaces amid an uneven recovery in the retail property market, according to JLL. In the first four months of the year, more than one fifth of new entrants in the city’s retail market were mainland... https://www.scmp.com/business/article/3354612/mainland-brands-power-hong-kong-retail-recovery-fb-joined-fashion-and-beauty?utm_source=rss_feed https://www.scmp.com/business/article/3354612/mainland-brands-power-hong-kong-retail-recovery-fb-joined-fashion-and-beauty?utm_source=rss_feed Sun, 24 May 2026 03:30:07 +0000 Julie Zhang Julie Zhang Hong Kong developers sold most of the more than 120 new flats made available to homebuyers on Saturday as the local residential market continues its recovery on the back of improving China–US relations and talent flows into the city. By 12.30pm Saturday, Sun Hung Kai Properties (SHKP) had sold all 87 units on offer at the Lime Spark project in Tsuen Wan in the New Territories, with one buyer spending more than HK$40 million (US$5.1 million) to purchase six two‑bedroom units, according to Midland... https://www.scmp.com/business/china-business/article/3354624/shkp-sells-out-latest-flats-tsuen-wan-hong-kong-property-market-continues-recovery?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3354624/shkp-sells-out-latest-flats-tsuen-wan-hong-kong-property-market-continues-recovery?utm_source=rss_feed Sat, 23 May 2026 09:45:23 +0000 Cheryl Arcibal Cheryl Arcibal The artificial intelligence boom is partially spurring investment in Asia-Pacific’s data centre properties with a record US$11.6 billion worth of capital poured into the segment in 2025, according to CBRE. In Hong Kong, while AI-related demand is unlikely to be met because of technical limitations, leasing of data centre space was supported by “hyperscale CSPs (cloud service providers), mainland Chinese technology and e-commerce companies and financial institutions”, the property consultancy... https://www.scmp.com/business/article/3354407/ai-boom-fuels-us116b-data-centre-investment-asia-pacific-hong-kong-eyes-niche-role?utm_source=rss_feed https://www.scmp.com/business/article/3354407/ai-boom-fuels-us116b-data-centre-investment-asia-pacific-hong-kong-eyes-niche-role?utm_source=rss_feed Thu, 21 May 2026 23:00:10 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong construction and engineering company Able Engineering has secured a residential site in Tung Chung for a higher-than-expected HK$1.627 billion (US$207 million) premium, outbidding five groups of major developers in the city. Able Best, a construction and private development unit of Able Engineering, secured a 50-year land grant for the 152,332 sq ft plot, according to a statement from the Lands Department on Tuesday. The winning bid topped analysts’ estimates, which ranged between... https://www.scmp.com/business/article/3354122/non-traditional-hong-kong-bidder-tops-property-giants-tung-chung-hk16b-land-auction?utm_source=rss_feed https://www.scmp.com/business/article/3354122/non-traditional-hong-kong-bidder-tops-property-giants-tung-chung-hk16b-land-auction?utm_source=rss_feed Tue, 19 May 2026 10:54:45 +0000 Cheryl Arcibal,Peggy Ye Cheryl Arcibal,Peggy Ye Hong Kong actors Nick Cheung and William Chan have become the latest high-end homeowners to sell their units amid a strengthening recovery in the city’s luxury property market. Transactions in the segment more than doubled in the first quarter of the year, compared with the same period in 2025, according to consultancy CBRE. Cheung sold his flat at Grenville House in Mid-Levels for HK$132 million (US$16.86 million) to buyers identified as Lee Yuen Ann Geoffery and Xu Ranying, Land Registry... https://www.scmp.com/business/article/3354075/hong-kong-stars-nick-cheung-and-william-chan-join-wave-upmarket-home-sales?utm_source=rss_feed https://www.scmp.com/business/article/3354075/hong-kong-stars-nick-cheung-and-william-chan-join-wave-upmarket-home-sales?utm_source=rss_feed Tue, 19 May 2026 07:39:40 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s residential property market recovery is unlikely to be derailed by a potential increase in interest rates amid the Middle East conflict, as demand is supported by professionals relocating to the city and surging rents, according to Moody’s Ratings. At the same time, the moribund office and retail property sectors were showing signs of improvement on the back of leasing activity despite continued headwinds, the credit-rating agency said in a commentary released on Monday. “We expect... https://www.scmp.com/business/article/3354005/hong-kong-property-upswing-poised-hold-despite-interest-rates-risk-moodys?utm_source=rss_feed https://www.scmp.com/business/article/3354005/hong-kong-property-upswing-poised-hold-despite-interest-rates-risk-moodys?utm_source=rss_feed Mon, 18 May 2026 23:00:05 +0000 Peggy Ye Peggy Ye The liquidators of China Evergrande Group are seeking 57 billion yuan (US$8.4 billion) from three PricewaterhouseCoopers (PwC) entities in one of the largest corporate lawsuit claims in Hong Kong, arguing the firm’s global coordinating arm assumed responsibility for audits linked to the collapsed developer’s accounting scandal. Evergrande’s liquidators, Tiffany Wong and Eddie Middleton of Alvarez & Marsal, were pursuing the claim against PwC International, PwC Hong Kong and PwC China jointly,... https://www.scmp.com/business/article/3353983/evergrande-liquidators-seek-us84-billion-pwc-entities-hong-kong-lawsuit?utm_source=rss_feed https://www.scmp.com/business/article/3353983/evergrande-liquidators-seek-us84-billion-pwc-entities-hong-kong-lawsuit?utm_source=rss_feed Mon, 18 May 2026 10:03:29 +0000 Cheryl Arcibal Cheryl Arcibal Secondary home prices in mainland China’s major cities rose in April, according to official data, offering further encouraging signs that the struggling property sector is bottoming out, analysts said. Used home prices in the first-tier cities rose, led by Shanghai’s 0.7 per cent increase on a monthly basis, followed by a rise of 0.4 per cent in Beijing, data released by the National Bureau of Statistics (NBS) on Monday showed. Prices in Shenzhen also grew by 0.3 per cent, while Guangzhou inched... https://www.scmp.com/business/article/3353943/rising-secondary-home-prices-chinas-major-cities-april-stoke-hopes-stability?utm_source=rss_feed https://www.scmp.com/business/article/3353943/rising-secondary-home-prices-chinas-major-cities-april-stoke-hopes-stability?utm_source=rss_feed Mon, 18 May 2026 06:51:54 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s retail property market is gradually building momentum as spending and confidence of consumers and tourists return, according to analysts. Unlike the city’s past peak rental levels, however, this time the tenant mix was more diversified, with retailers offering unique experiences and products that enhanced their appeal to shoppers, they said. “We see structural shifts towards more experience-driven and diversified tenant mixes, rather than a full return to past peak rental levels,”... https://www.scmp.com/business/article/3353716/fresh-concepts-lift-hong-kong-retail-property-tourists-and-consumers-return?utm_source=rss_feed https://www.scmp.com/business/article/3353716/fresh-concepts-lift-hong-kong-retail-property-tourists-and-consumers-return?utm_source=rss_feed Sun, 17 May 2026 02:00:08 +0000 Daniel Ren,Cheryl Arcibal Daniel Ren,Cheryl Arcibal Hundreds of prospective buyers gravitated to a Sun Hung Kai Properties’ (SHKP’s) project in the New Territories on Saturday, keen to view the 121 flats on offer in a fresh sign that Hong Kong’s home market is on a sustained upwards cycle despite risk caution. By 5.30pm, all of the homes at Lime Spark in Tsuen Wan had found buyers, while some bullish investors offered to buy more than one unit, according to property agents. “Despite a 2 to 3 per cent price increase, the next round [of 121 units]... https://www.scmp.com/business/china-business/article/3353813/buyers-flock-shkp-project-new-territories-confidence-grows-home-market-outlook?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3353813/buyers-flock-shkp-project-new-territories-confidence-grows-home-market-outlook?utm_source=rss_feed Sat, 16 May 2026 08:49:58 +0000 Cheryl Arcibal Cheryl Arcibal The Hong Kong government’s first land sale in the current financial year has drawn six bids, according to the Development Bureau, including those from the city’s largest developers, suggesting a more confident outlook for the residential property market. At the close of tender for Tung Chung Town Lot No 54 at Area 106A on Friday noon, Sun Hung Kai Properties (SHKP) submitted a solo bid, while Kerry Properties and Sino Land submitted a joint offer, the groups separately confirmed to the South... https://www.scmp.com/business/article/3353737/6-bids-hong-kong-land-sale-signal-renewed-confidence-despite-market-caution?utm_source=rss_feed https://www.scmp.com/business/article/3353737/6-bids-hong-kong-land-sale-signal-renewed-confidence-despite-market-caution?utm_source=rss_feed Fri, 15 May 2026 12:00:06 +0000 Cheryl Arcibal Cheryl Arcibal Office rents in Hong Kong’s Central district are expected to rise faster in the second quarter of the year, according to analysts, a reversal of a multi-year slump that began in the second half of 2019. The latest forecast was made by US bank Citi, which said premium offices in the city’s main business zone had seen rents rise 1.7 per cent from a trough in October, with room for further increments between the second half this year and 2027. “Lease negotiation dynamics had started to favour... https://www.scmp.com/business/article/3353468/hong-kongs-central-office-rents-set-reverse-multi-year-slump-gains-second-half?utm_source=rss_feed https://www.scmp.com/business/article/3353468/hong-kongs-central-office-rents-set-reverse-multi-year-slump-gains-second-half?utm_source=rss_feed Wed, 13 May 2026 23:00:05 +0000 Cheryl Arcibal Cheryl Arcibal Henderson Land Development secured the first biodiversity loan in Hong Kong, receiving around HK$100 million (US$12.8 million) from HSBC and Hang Seng Bank for green initiatives at Central Yards, the company’s flagship mixed-use development on the New Central Harbourfront. This loan would provide a “scalable blueprint” for companies to achieve their sustainability goals and enhance Hong Kong’s position as a leading international sustainable finance centre, according to the two banks. The... https://www.scmp.com/business/article/3353428/hong-kongs-first-biodiversity-loan-goes-henderson-land-central-yards-green-spaces?utm_source=rss_feed https://www.scmp.com/business/article/3353428/hong-kongs-first-biodiversity-loan-goes-henderson-land-central-yards-green-spaces?utm_source=rss_feed Wed, 13 May 2026 09:30:05 +0000 Cheryl Arcibal Cheryl Arcibal The Asia-Pacific region’s commercial property investments surged in the first quarter, according to data tracked by analysts, as early signs of recovery in office and retail segments across Hong Kong and mainland China boosted deal volumes. Total investment in offices, retail spaces, industrial units, data centres, hotels, apartments, senior housing and other asset classes climbed 22 per cent to US$51.1 billion from the same period in 2025, data from MSCI showed. Hong Kong contributed US$1.8... https://www.scmp.com/business/article/3353239/hong-kong-mainland-china-spur-surge-asia-pacific-commercial-property-deals?utm_source=rss_feed https://www.scmp.com/business/article/3353239/hong-kong-mainland-china-spur-surge-asia-pacific-commercial-property-deals?utm_source=rss_feed Tue, 12 May 2026 09:00:08 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s Tsim Sha Tsui has retained its title as Asia’s priciest luxury retail strip, commanding €16,160 (US$18,980) per square metre in annual rents, as the city remains among the world’s most active markets in terms of new high-end store openings, according to Savills. London’s Bond Street replaced Tsim Sha Tsui as the top global luxury retail property market with rents of €19,228 per square metre per year, according to the ninth edition of the UK-based property consultancy’s Global Luxury... https://www.scmp.com/business/article/3353134/hong-kongs-tsim-sha-tsui-tops-asia-luxury-retail-rents-bond-street-worlds-priciest?utm_source=rss_feed https://www.scmp.com/business/article/3353134/hong-kongs-tsim-sha-tsui-tops-asia-luxury-retail-rents-bond-street-worlds-priciest?utm_source=rss_feed Mon, 11 May 2026 08:35:05 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s West Kowloon is poised to emerge as the second-most important office sub-market after Central with the completion of new buildings that will accommodate banks and insurance companies, according to industry officials. However, there was expected to be limited demand from newcomers or via corporate expansion, with leasing activity dominated by relocations and higher vacancy rates in some of the city’s other business districts. The 40-hectare stretch of reclaimed land is being touted as... https://www.scmp.com/business/article/3352926/hong-kongs-cultural-hub-west-kowloon-emerging-central-20?utm_source=rss_feed https://www.scmp.com/business/article/3352926/hong-kongs-cultural-hub-west-kowloon-emerging-central-20?utm_source=rss_feed Sun, 10 May 2026 01:30:09 +0000 Daniel Ren,Cheryl Arcibal Daniel Ren,Cheryl Arcibal Hong Kong homebuyers snapped up new flats on offer on Saturday, fuelling optimism that the bull run in the city’s property market will continue. All 154 units at Sun Hung Kai Properties’ Lime Spark project sold out as of 4.30pm, while 147 homes, or 93 per cent of the 158 flats available at Henderson Land’s Highwood Phase 2 project, found buyers, according to real property agents. “Home prices have climbed by nearly 8 per cent this year, and prospective buyers are likely to find that a delay in... https://www.scmp.com/business/china-business/article/3352997/hong-kong-home-market-maintains-upwards-momentum-eager-buyers-snap-new-flats?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352997/hong-kong-home-market-maintains-upwards-momentum-eager-buyers-snap-new-flats?utm_source=rss_feed Sat, 09 May 2026 11:13:54 +0000 Cheryl Arcibal Cheryl Arcibal The competition could intensify at tenders for Hong Kong’s residential plots as developers replenish their land banks amid a recovering property market, with the tug of war testing their financial discipline as they bid for parcels at a “noticeable premium”, according to S&P Global Ratings, though some analysts believe that the return of confidence is warranted given robust demand for housing units. The credit-rating agency also forecast a relatively modest residential market recovery, which... https://www.scmp.com/business/article/3352601/what-does-improved-hong-kong-property-outlook-mean-land-sales?utm_source=rss_feed https://www.scmp.com/business/article/3352601/what-does-improved-hong-kong-property-outlook-mean-land-sales?utm_source=rss_feed Wed, 06 May 2026 10:29:41 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong property transactions surged to a four-month high in April, while the value and volume of home sales hit their highest level in 24 months, according to the latest official data, underscoring the resilience of the city’s real estate sector amid uncertainties over interest rates and the US-Israel war on Iran. A total of 8,692 transactions across homes, offices, shops, car parking spots and industrial spaces were concluded last month, up 12.3 per cent from March’s 7,737 deals, according... https://www.scmp.com/business/article/3352506/hong-kong-home-sales-surge-2-year-high-boosting-overall-transactions?utm_source=rss_feed https://www.scmp.com/business/article/3352506/hong-kong-home-sales-surge-2-year-high-boosting-overall-transactions?utm_source=rss_feed Tue, 05 May 2026 10:45:04 +0000 Cheryl Arcibal Cheryl Arcibal 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 another 5 per cent rise in 2027, it said in a report on Monday. Likewise, the office property segment was likely to see some relief, with Hong Kong’s top business... https://www.scmp.com/business/article/3352357/hong-kong-residential-property-upturn-drives-recovery-office-retail-morgan-stanley?utm_source=rss_feed https://www.scmp.com/business/article/3352357/hong-kong-residential-property-upturn-drives-recovery-office-retail-morgan-stanley?utm_source=rss_feed Mon, 04 May 2026 09:15:08 +0000 Peggy Ye Peggy Ye Hang Lung Properties has unveiled its flagship Hangzhou development with a noticeably lighter luxury mix, signalling a pivot towards lifestyle and experience-led retail as consumer tastes in mainland China evolve. Westlake 66, located in Hangzhou’s Wulin central business district, spans about 390,000 square metres (4.2 million sq ft) and comprises a 105,900 square metres shopping mall, five prime office towers and a 194-room Mandarin Oriental hotel slated to open in 2027. “Hangzhou has a highly... https://www.scmp.com/business/article/3352125/hong-kongs-hang-lung-trims-gloss-turn-experience-hangzhou-debut?utm_source=rss_feed https://www.scmp.com/business/article/3352125/hong-kongs-hang-lung-trims-gloss-turn-experience-hangzhou-debut?utm_source=rss_feed Mon, 04 May 2026 00:00:14 +0000 Zhu Wenqian Zhu Wenqian Technology firms are increasingly gravitating towards premium office space in Shenzhen’s core business districts, offering a degree of support to the city’s office market. However, vacancies are expected to remain elevated in the near term as a wave of new supply continues to outpace demand, analysts said. The city’s technology sector – spanning artificial intelligence, consumer electronics and robotics – remained a key driver of leasing activity, particularly in western submarkets such as... https://www.scmp.com/business/article/3352056/shenzhen-office-market-gains-steam-tech-and-services-demand-vacancies-remain-high?utm_source=rss_feed https://www.scmp.com/business/article/3352056/shenzhen-office-market-gains-steam-tech-and-services-demand-vacancies-remain-high?utm_source=rss_feed Sun, 03 May 2026 03:00:20 +0000 Cheryl Arcibal Cheryl Arcibal 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. Meanwhile, New World Development (NWD) and MTR Corp’s Pavilia Farm III above Tai Wai MTR station found buyers for 19 of the 45 units as of 6.50pm. Most recent... https://www.scmp.com/business/article/3352063/hong-kong-homebuyers-flock-new-launches-flats-sell-out-swiftly?utm_source=rss_feed https://www.scmp.com/business/article/3352063/hong-kong-homebuyers-flock-new-launches-flats-sell-out-swiftly?utm_source=rss_feed Thu, 30 Apr 2026 12:35:13 +0000 Cheryl Arcibal Cheryl Arcibal Non-local residents in Shenzhen can now buy property in some of the city’s core districts after the local housing authority eased restrictions and raised home-loan caps, a move likely to further improve the real estate prospects of mainland China’s top tech powerhouse. Those holding a valid residence permit can buy one residential unit in Futian and Nanshan districts, and Xinan in Baoan district, without having to pay social security or individual tax for a year. The rules came into effect on... https://www.scmp.com/business/article/3351968/chinas-top-tech-hub-shenzhen-eases-homebuying-curbs-raises-loan-caps?utm_source=rss_feed https://www.scmp.com/business/article/3351968/chinas-top-tech-hub-shenzhen-eases-homebuying-curbs-raises-loan-caps?utm_source=rss_feed Thu, 30 Apr 2026 08:00:08 +0000 Peggy Ye Peggy Ye A top-floor residence at High Peak in Hong Kong’s Mid-Levels West neighbourhood has sold for HK$420 million (US$53.7 million) as activity in Hong Kong’s high-end housing segment remains heated after a strong first quarter. The penthouse unit at 23 Po Shan Road sold to a company called Shine Action on April 8, Land Registry records showed. The buyer is believed to be a mainland resident, based on the name of Shine Action’s director in the Companies Registry, Zheng Jiang. Momentum at the pinnacle... https://www.scmp.com/business/article/3351873/hong-kong-penthouse-sells-us54m-mainland-chinese-buyer-luxury-demand-spikes?utm_source=rss_feed https://www.scmp.com/business/article/3351873/hong-kong-penthouse-sells-us54m-mainland-chinese-buyer-luxury-demand-spikes?utm_source=rss_feed Wed, 29 Apr 2026 11:30:11 +0000 Peggy Ye Peggy Ye A wave of demand from mainland Chinese buyers is restoring liquidity to Hong Kong’s trophy home market, enabling owners who have held onto pricey assets for many years to lock in gains. Among them, mainland property tycoon Zhao Zhijun sold two adjoining units at 8-12 Peak Road for a combined HK$320 million (US$40.8 million), according to Land Registry records, generating a gain of about 86 per cent compared with the purchase price 16 years ago. Zhao, chairman of mainland investment firm Niverse,... https://www.scmp.com/business/banking-finance/article/3351736/pair-hong-kong-luxury-homes-sells-us41m-market-sizzle-increases?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3351736/pair-hong-kong-luxury-homes-sells-us41m-market-sizzle-increases?utm_source=rss_feed Tue, 28 Apr 2026 23:00:09 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s lived-in home prices jumped 1.4 per cent to a 28-month high in March, according to the latest official data on Tuesday, with the property market remaining resilient despite uncertainties created by the US-Israel war on Iran. The widely watched index released by the Rating and Valuation Department (RVD) stood at 312.8 last month, the highest since 315.6 in November 2023. The increase reflected a sustained recovery that began 11 months ago, showing a cumulative price gain of nearly 9.2... https://www.scmp.com/business/article/3351644/hong-kong-home-prices-rise-higher-march-rents-peak-fifth-month-straight?utm_source=rss_feed https://www.scmp.com/business/article/3351644/hong-kong-home-prices-rise-higher-march-rents-peak-fifth-month-straight?utm_source=rss_feed Tue, 28 Apr 2026 04:38:44 +0000 Themis Qi Themis Qi Alibaba Group Holding gained approval from the Hong Kong stock exchange to proceed with a proposed spin-off of a warehouse park in mainland China, two years after the tech giant withdrew the listing plan of its logistics arm Cainiao. The e-commerce giant said it could separate an infrastructure real estate investment trust (Reit) and list it on the Shenzhen Stock Exchange, with the underlying asset being the Jiaxing Park, a logistics and warehousing infrastructure hub in eastern China’s Zhejiang... https://www.scmp.com/business/markets/article/3351610/alibaba-gets-approval-spin-warehouse-park-reit-pivot-logistics-assets?utm_source=rss_feed https://www.scmp.com/business/markets/article/3351610/alibaba-gets-approval-spin-warehouse-park-reit-pivot-logistics-assets?utm_source=rss_feed Mon, 27 Apr 2026 14:32:43 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s sales of luxury homes more than doubled in the first quarter from a year earlier, helped by a buoyant stock market and attractively priced assets that drew the attention of wealthy investors including mainland Chinese buyers, according to analysts. The segment was likely to record another increase in the second quarter, they added. “With the wealth effect from accumulated gains in the stock market over the past two years, both local and mainland Chinese capital have seized the... https://www.scmp.com/business/article/3351361/frenzy-hong-kong-luxury-homes-set-continue-after-156-sales-rise-first-quarter?utm_source=rss_feed https://www.scmp.com/business/article/3351361/frenzy-hong-kong-luxury-homes-set-continue-after-156-sales-rise-first-quarter?utm_source=rss_feed Sun, 26 Apr 2026 06:00:21 +0000 Peggy Ye Peggy Ye A two-speed recovery is emerging in Central’s top-tier offices, prompting landlords to adopt a more hands-on leasing approach, including hiring asset managers, as rental performance diverges. While much attention has focused on firms taking advantage of lower rents to move back into Central, widening the gap with other districts, data from CBRE showed another divide was widening within the business district itself. In the first quarter, vacancy in Central’s grade A offices eased to about 9.6 per... https://www.scmp.com/business/article/3351364/2-speed-recovery-hits-central-landlords-older-towers-cut-rents-compete?utm_source=rss_feed https://www.scmp.com/business/article/3351364/2-speed-recovery-hits-central-landlords-older-towers-cut-rents-compete?utm_source=rss_feed Sun, 26 Apr 2026 03:30:08 +0000 Cheryl Arcibal Cheryl Arcibal 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. By 6pm, all 218 units at the One Victoria Cove Phase I in Hung Hom, jointly developed by Henderson Land Development, Hysan Development and Empire Group, were sold, while at the Pavilia Farm III atop Tai Wai station in Sha Tin by New World Development (NWD) and MTR... https://www.scmp.com/business/article/3351421/hong-kong-developers-clear-stock-amid-strong-demand-and-shrinking-supply?utm_source=rss_feed https://www.scmp.com/business/article/3351421/hong-kong-developers-clear-stock-amid-strong-demand-and-shrinking-supply?utm_source=rss_feed Sat, 25 Apr 2026 09:40:29 +0000 Cheryl Arcibal Cheryl Arcibal Mainland China’s population of ultra-high-net-worth individuals (UHNWIs) – those with assets exceeding US$30 million – has grown by 23 per cent over the past five years to 121,677, and is projected to expand a further 18.8 per cent to 144,602 by 2031, according to Knight Frank. Despite that growth, China’s share of global UHNWIs edged down by one percentage point to 17 per cent this year and was expected to fall further to 15 per cent by 2031, as rapid wealth creation in the United States... https://www.scmp.com/business/article/3351114/mainland-chinas-ultra-wealthy-numbers-rise-hong-kong-tipped-faster-growth?utm_source=rss_feed https://www.scmp.com/business/article/3351114/mainland-chinas-ultra-wealthy-numbers-rise-hong-kong-tipped-faster-growth?utm_source=rss_feed Thu, 23 Apr 2026 07:00:03 +0000 Peggy Ye Peggy Ye Global flexible workspace operator WeWork is expanding in Hong Kong as companies scale back long-term office commitments, opening its fifth site in Causeway Bay to tap rising demand for short-term, flexible space amid economic and geopolitical uncertainty. The new location at Soundwill Plaza II Midtown, owned by Soundwill Holdings, was previously occupied by another co-working operator. WeWork secured the site after competing with several rivals. “In the current uncertain market outlook,... https://www.scmp.com/business/companies/article/3351036/wework-finds-new-lease-life-hong-kong-global-uncertainty-drives-demand?utm_source=rss_feed https://www.scmp.com/business/companies/article/3351036/wework-finds-new-lease-life-hong-kong-global-uncertainty-drives-demand?utm_source=rss_feed Wed, 22 Apr 2026 13:00:15 +0000 Zhu Wenqian,Cheryl Arcibal Zhu Wenqian,Cheryl Arcibal A consortium led by Sino Land, alongside state-backed mainland developers China Overseas Land & Investment and China Merchants Land, has won a tender for the Kam Sheung Road Station Phase Two development, signalling continued confidence in Hong Kong’s Northern Metropolis and its long-term growth prospects, particularly among mainland developers. The group – which also includes Great Eagle Holdings – plans to invest more than HK$13 billion (US$1.7 billion) to build high-quality residential... https://www.scmp.com/business/companies/article/3350904/sino-land-led-consortium-clinches-kam-sheung-road-phase-two-us17-billion-investment?utm_source=rss_feed https://www.scmp.com/business/companies/article/3350904/sino-land-led-consortium-clinches-kam-sheung-road-phase-two-us17-billion-investment?utm_source=rss_feed Tue, 21 Apr 2026 11:30:30 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s commercial property market attracted US$1.6 billion in investment in the first quarter, up 41 per cent from a year earlier, as demand for office, retail and hotel assets picked up amid improving liquidity, according to JLL. Investment volumes could receive a further boost from global investors looking to redeploy their capital amid the conflict between the US, Israel and Iran, the property consultancy said in a report on Tuesday. “With Asia increasingly perceived as a relatively... https://www.scmp.com/business/article/3350899/hong-kong-property-investment-soars-lower-funding-costs-rising-demand?utm_source=rss_feed https://www.scmp.com/business/article/3350899/hong-kong-property-investment-soars-lower-funding-costs-rising-demand?utm_source=rss_feed Tue, 21 Apr 2026 11:30:08 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s MTR Corporation said on Monday that it had received eight bids for a commercial and residential development at one of the critical hubs in the Northern Metropolis, a large-scale project that aims to bolster the city’s economic base and foster closer integration with the Greater Bay Area. The number of bids for the Kam Sheung Road Station Phase Two property development exceeded expectations, indicating developers’ interest in the Northern Metropolis project, according to analysts. The... https://www.scmp.com/business/article/3350761/hong-kongs-northern-metropolis-gains-momentum-key-project-attracts-8-bids?utm_source=rss_feed https://www.scmp.com/business/article/3350761/hong-kongs-northern-metropolis-gains-momentum-key-project-attracts-8-bids?utm_source=rss_feed Mon, 20 Apr 2026 12:00:05 +0000 Peggy Ye Peggy Ye Chow Yun-fat, the legendary Hong Kong actor, has sold a Mid-Levels flat after more than three decades, securing a roughly 91 per cent gain, as the city’s secondary housing market continues to strengthen. The 541 sq ft, three-bedroom flat in Corona Tower fetched HK$7.5 million (US$960,000), or HK$13,863 per square foot. The sale agreement was signed on February 11 and the transaction was registered on March 11, according to Land Registry records. The deal generated a gain of HK$3.58 million... https://www.scmp.com/business/markets/article/3350739/chow-yun-fat-nets-91-gain-hong-kong-flat-after-31-years-prices-rebound?utm_source=rss_feed https://www.scmp.com/business/markets/article/3350739/chow-yun-fat-nets-91-gain-hong-kong-flat-after-31-years-prices-rebound?utm_source=rss_feed Mon, 20 Apr 2026 11:00:14 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong-headquartered Toys ‘R’ Us Asia has pivoted to an experience-focused format and smaller stores in the city following an expansion programme that sought to increase its outlets as it navigates the changing retail landscape. The group planned to close the year with 20 stores in Hong Kong, representing a 40 per cent rise from 2025, said Leo Tsoi, CEO of the toys and collectibles retailer. The strategy allows the group to be more nimble and adapt to the demographic shift, as toys and... https://www.scmp.com/business/article/3350624/toys-r-us-game-changer-kidults-compact-shops-fuel-pivot-hong-kong-retail-evolves?utm_source=rss_feed https://www.scmp.com/business/article/3350624/toys-r-us-game-changer-kidults-compact-shops-fuel-pivot-hong-kong-retail-evolves?utm_source=rss_feed Mon, 20 Apr 2026 00:30:13 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong homebuyers’ strong demand for new flats extended a streak of brisk sales for developers with one project selling out in a single day, underscoring the city’s broader recovery in housing prices. All 88 units at the Pavilia Farm III project by New World Development and MTR Corporation in Sha Tin were sold on Saturday, prompting the developers to put 75 more flats on sale later that night. Elsewhere in Kai Tak, 133 units of KT Marina II were snapped up over the weekend, according to... https://www.scmp.com/property/hong-kong-china/article/3350638/hong-kong-homebuyers-extend-sell-out-streak-amid-renewed-confidence-market?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3350638/hong-kong-homebuyers-extend-sell-out-streak-amid-renewed-confidence-market?utm_source=rss_feed Sun, 19 Apr 2026 13:10:25 +0000 Peggy Ye Peggy Ye The US-Israeli war on Iran has unleashed sharp swings across global energy and financial markets, fuelling demand for safe-haven assets, with Hong Kong emerging as a potential beneficiary across gold, property and capital markets. In the second of a three-part series, we look at Hong Kong’s position as a stable base where demand for property has held firm despite the global turmoil. Hong Kong’s property market is showing early signs of renewed safe haven demand, with a surge in luxury... https://www.scmp.com/business/article/3350575/hong-kong-property-may-see-uptick-safe-haven-demand-iran-war-rattles-dubai-market?utm_source=rss_feed https://www.scmp.com/business/article/3350575/hong-kong-property-may-see-uptick-safe-haven-demand-iran-war-rattles-dubai-market?utm_source=rss_feed Sun, 19 Apr 2026 06:00:19 +0000 Julie Zhang Julie Zhang Homebuyers continued to signal confidence in Hong Kong’s residential market on Saturday, with about three quarters of 248 new flats put up for sale snapped up by late afternoon. A total of 53 out of 88 units were sold at The Pavilia Farm III, while 129 of 160 units at KT Marina II in Kai Tak were taken as of 4.30pm, according to Midland Realty. The Pavilia Farm III, a project jointly developed by New World Development (NWD) and MTR Corp atop Tai Wai Station in Sha Tin, saw buyers throng the... https://www.scmp.com/business/article/3350573/hong-kong-buyers-snap-more-180-new-homes-market-confidence-returns?utm_source=rss_feed https://www.scmp.com/business/article/3350573/hong-kong-buyers-snap-more-180-new-homes-market-confidence-returns?utm_source=rss_feed Sat, 18 Apr 2026 09:39:43 +0000 Cheryl Arcibal Cheryl Arcibal Futu Securities is the latest non-food and beverage retailer to sell coffee and other drinks in one of its outlets in Hong Kong as the online stock brokerage adapts to its clients’ lifestyle, according to a spokesman. Futu Café was officially launched on Thursday at the Futu Store on Lee Garden Road, Causeway Bay, close to its flagship store on Russell Street. Cups of espresso, Americano and iced blue coconut water, among other drinks, are available between 7.30am and 7.30pm. The launch of the... https://www.scmp.com/business/article/3350205/futu-securities-opens-coffee-shop-branch-it-adapts-changing-client-lifestyles?utm_source=rss_feed https://www.scmp.com/business/article/3350205/futu-securities-opens-coffee-shop-branch-it-adapts-changing-client-lifestyles?utm_source=rss_feed Wed, 15 Apr 2026 23:30:08 +0000 Cheryl Arcibal Cheryl Arcibal DBS Bank (Hong Kong) has agreed to pay about HK$2.62 billion (US$334 million) for six floors at The Center – once the world’s most expensive skyscraper – marking the city’s largest office transaction so far this year. The lender acquired the 32nd, 36th, 37th, 56th, 62nd and 76th floors late last month, with the deal registered on Tuesday, according to Land Registry records. The purchase adds 151,934 sq ft of gross floor area, DBS said in a statement on Wednesday. The price works out to roughly... https://www.scmp.com/business/article/3350140/dbs-hong-kong-acquires-six-floors-center-us334-million-deal?utm_source=rss_feed https://www.scmp.com/business/article/3350140/dbs-hong-kong-acquires-six-floors-center-us334-million-deal?utm_source=rss_feed Wed, 15 Apr 2026 06:50:31 +0000 Peggy Ye Peggy Ye Mainland buyers are playing an increasingly prominent role in Hong Kong’s housing market rebound, supported by a stronger yuan, rising rents and an influx of new arrivals shifting from tenants to homeowners. Transactions involving mainland buyers rose 53 per cent year on year to 3,882 units across the primary and secondary markets in the first quarter, according to Midland Realty, citing Land Registry data. The value of those purchases jumped 93 per cent to HK$42.7 billion (US$5.5 billion). The... https://www.scmp.com/business/banking-finance/article/3350070/mainland-buyers-fuel-93-cent-surge-hong-kong-property-deal-value?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3350070/mainland-buyers-fuel-93-cent-surge-hong-kong-property-deal-value?utm_source=rss_feed Tue, 14 Apr 2026 23:00:15 +0000