https://www.scmp.com/rss/96/feed Property market news, advice on moving house, lettings and new homes. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Peggy Ye Peggy Ye Betty Yuen So Siu-mai, a non-executive director of Hong Kong power company CLP Holdings, has sold a luxury flat at Mid-Levels, joining a growing number of prominent owners taking advantage of improved market sentiment to dispose of high-end properties. Yuen sold a 1,943 sq ft home on the 11th floor of Po Garden at 9 Brewin Path for HK$51 million (US$6.5 million) in a transaction completed on Tuesday, Land Registry records showed. That translates to HK$26,248 per square foot and marks the... https://www.scmp.com/business/article/3355978/clp-director-betty-yuen-sells-mid-levels-flat-hong-kong-luxury-market-improves?utm_source=rss_feed https://www.scmp.com/business/article/3355978/clp-director-betty-yuen-sells-mid-levels-flat-hong-kong-luxury-market-improves?utm_source=rss_feed Thu, 04 Jun 2026 11:30:13 +0000 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 Shanghai’s second-hand housing market picked up steam in May, with transaction activity accelerating significantly, while the city’s new home market has also seen robust sales. Industry experts believe Shanghai’s property sales volume and home prices will recover faster than most cities in China after the prolonged downturn of the country’s property market. “Among the four tier-one cities, Shanghai has been the only city seeing a year-on-year increase in primary home prices in the first four... https://www.scmp.com/business/article/3355745/why-shanghais-property-market-rebounding-faster-most-other-cities-china?utm_source=rss_feed https://www.scmp.com/business/article/3355745/why-shanghais-property-market-rebounding-faster-most-other-cities-china?utm_source=rss_feed Wed, 03 Jun 2026 00:00:23 +0000 Peggy Ye Peggy Ye CK Asset Holdings is releasing more ultra-luxury homes at its 21 Borrett Road project, which was previously linked to one of Hong Kong’s largest failed property transactions, betting that a resurgence in demand from wealthy buyers signals a turning point for the city’s high-end residential market. The developer on Tuesday released the second phase of the Mid-Levels Central project, putting 16 flats up for tender, with the first-round of bidding scheduled for June 10. The second phase, comprising... https://www.scmp.com/property/article/3355731/ck-asset-resumes-sales-21-borrett-road-after-waiting-out-luxury-property-slump?utm_source=rss_feed https://www.scmp.com/property/article/3355731/ck-asset-resumes-sales-21-borrett-road-after-waiting-out-luxury-property-slump?utm_source=rss_feed Tue, 02 Jun 2026 12:34:32 +0000 Peggy Ye Peggy Ye Casa Hotel, a boutique hotel in Hong Kong’s Yau Ma Tei district, has ceased operations after nearly two decades, with market speculation suggesting the building has been leased to a student-housing operator after repeated attempts to sell it failed. A notice posted outside the three-star hotel said the property officially closed on May 31, thanking customers for their support over the years. No reason for the closure was given. The 162-room hotel occupies a 14-storey commercial-residential... https://www.scmp.com/business/banking-finance/article/3355583/closure-hong-kongs-casa-hotel-tied-student-housing-trend-after-failed-sale-attempts?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3355583/closure-hong-kongs-casa-hotel-tied-student-housing-trend-after-failed-sale-attempts?utm_source=rss_feed Mon, 01 Jun 2026 11:30:20 +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 Peggy Ye Peggy Ye Hong Kong’s student housing sector is entering a new phase as larger institutional-style deals emerge from the city’s distressed commercial property market, signalling that professional investors are cautiously returning after years of falling asset values. Investors and analysts said the market was moving beyond the smaller hotel conversions that dominated the past two years, with more sizeable transactions expected as financing conditions improve, distressed sales accelerate, and buyers hunt... https://www.scmp.com/business/banking-finance/article/3355371/hong-kong-property-recovery-tested-bigger-student-housing-deals-gain-traction?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3355371/hong-kong-property-recovery-tested-bigger-student-housing-deals-gain-traction?utm_source=rss_feed Sun, 31 May 2026 03:30:08 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong families in the United Kingdom and Canada are facing deep uncertainty due to shifting immigration policies and the rising cost of living, and some are looking for alternative destinations to settle. Property agents said Spain’s Non-Lucrative Visa (NLV), designed for retirees and anyone who can support themselves without employment, had become one of their top choices. The NLV provides a pathway for citizens outside the European Union and the European Economic Area who have enough... https://www.scmp.com/business/article/3355359/spains-property-market-sees-boost-hongkongers-others-depart-uk-and-canada?utm_source=rss_feed https://www.scmp.com/business/article/3355359/spains-property-market-sees-boost-hongkongers-others-depart-uk-and-canada?utm_source=rss_feed Sun, 31 May 2026 01:30:14 +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 Daniel Ren Daniel Ren Embattled Chinese developers have turned to a new strategy to resuscitate their ailing businesses: diversifying into semiconductor production. Certain listed property companies have seen their shares skyrocket – some by hundreds of per cent – after announcing investments in “chipmaking”. Such strategic diversification efforts have sparked a buying frenzy among retail investors in the mainland’s A-share market. “Chip-themed stocks are the new darlings of individual investors since [such stocks]... https://www.scmp.com/business/banking-finance/article/3354582/chinas-ailing-developers-retail-frenzy-greets-semiconductor-side-hustles?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3354582/chinas-ailing-developers-retail-frenzy-greets-semiconductor-side-hustles?utm_source=rss_feed Sat, 23 May 2026 02:30:06 +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 Peggy Ye Peggy Ye Mainland Chinese buyers snapped up 5,777 Hong Kong homes in the first four months of 2026 – already equal to more than 41 per cent of last year’s total transactions – as demand accelerated on the back of aggressive new home launches, rising rents and expectations of further yuan appreciation. The pace of buying picked up sharply in April, when mainland Chinese registrations rose nearly 48 per cent month on month to 1,892 deals, the highest level in two years. Transaction value climbed nearly 31... https://www.scmp.com/business/article/3353784/mainland-chinese-demand-hong-kong-homes-grows-yuan-gains-and-rising-rents?utm_source=rss_feed https://www.scmp.com/business/article/3353784/mainland-chinese-demand-hong-kong-homes-grows-yuan-gains-and-rising-rents?utm_source=rss_feed Mon, 18 May 2026 00:30:07 +0000 Enoch Yiu Enoch Yiu The liquidators of China Evergrande Group’s lawsuit against PricewaterhouseCoopers (PwC) International will have their case heard in the Hong Kong High Court on Monday, according to records posted on the judiciary’s website. The one-day hearing was scheduled before Deputy Judge Patrick Fung Pak-tung of the High Court and would be open to the public, the court information showed. It concerns efforts by Evergrande’s liquidators to seek claims from PwC International over the developer’s auditing... https://www.scmp.com/business/banking-finance/article/3353860/hong-kong-high-court-hear-evergrande-liquidators-lawsuit-against-pwc-monday?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3353860/hong-kong-high-court-hear-evergrande-liquidators-lawsuit-against-pwc-monday?utm_source=rss_feed Sun, 17 May 2026 11:00:05 +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 Peggy Ye Peggy Ye Chow Tai Fook Enterprises, the private investment vehicle of Hong Kong property tycoon Henry Cheng Kar-shun’s family, and related parties, has acquired a Taikoo Shing school campus from Swire Properties in a deal estimated at about HK$400 million (US$51 million), which analysts described as a bet on long-term demand for international schools in the city. The deal – nearly doubling the property’s valuation from an internal transfer in late 2023 at HK$213 million – marks a change from leasing to... https://www.scmp.com/business/article/3353582/chow-tai-fook-turns-tenant-owner-us51-million-hong-kong-school-property-deal?utm_source=rss_feed https://www.scmp.com/business/article/3353582/chow-tai-fook-turns-tenant-owner-us51-million-hong-kong-school-property-deal?utm_source=rss_feed Thu, 14 May 2026 11:00:09 +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 Zhu Wenqian Zhu Wenqian China’s bond market is facing rising re-defaults, driven by continued stress in the housing market, where years of government loosening and stimulus have yet to bring relief, according to a report by S&P Global Ratings on Monday. Since 2020, amid the crisis triggered by the default of China Evergrande Group – the world’s most indebted property developer – about 40 per cent of restructured onshore bonds have suffered re-defaults, the report said. The turmoil was later compounded by Country... https://www.scmp.com/business/article/3353172/chinas-bond-market-faces-climbing-re-defaults-property-crisis-drags?utm_source=rss_feed https://www.scmp.com/business/article/3353172/chinas-bond-market-faces-climbing-re-defaults-property-crisis-drags?utm_source=rss_feed Mon, 11 May 2026 12:30:15 +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 Enoch Yiu Enoch Yiu Just over a year after the London Metal Exchange (LME) approved its first batch of warehouses in Hong Kong, the city now hosts 15 facilities run by seven operators, with close to 25,000 tonnes of metals stored. It marks a triumph for both the LME and Hong Kong’s ambition to be a commodities trading hub. But the challenge is finding sufficient space to meet surging demand, said LME CEO Matthew Chamberlain in an interview on Thursday. Chamberlain described it as a “very positive problem” – though... https://www.scmp.com/business/commodities/article/3353057/how-hong-kong-could-ease-its-positive-problem-full-metals-warehouses?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3353057/how-hong-kong-could-ease-its-positive-problem-full-metals-warehouses?utm_source=rss_feed Mon, 11 May 2026 00:00:23 +0000 Peggy Ye Peggy Ye Strong student-rental demand, competitive pricing and improving transport links are drawing investors to new residential projects in To Kwa Wan, as developers seek to reposition the ageing Kowloon district as part of a broader redevelopment corridor linked to Kai Tak and Hung Hom. The renewed interest helped push Hong Kong’s weekend primary home transactions to around 500 units, the strongest level in 19 months, according to Midland Realty. Two of the four major project launches over the weekend... https://www.scmp.com/business/article/3353054/rental-yields-redevelopment-gains-drive-home-sales-hong-kongs-kwa-wan?utm_source=rss_feed https://www.scmp.com/business/article/3353054/rental-yields-redevelopment-gains-drive-home-sales-hong-kongs-kwa-wan?utm_source=rss_feed Sun, 10 May 2026 12:25:31 +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 Peggy Ye Peggy Ye Buying interest is returning to Hong Kong’s secondary luxury housing market as wealthy families hunt for value in projects where prices have lagged behind the broader residential recovery despite improving sentiment and lower interest rates. Among the latest buyers, members of the family behind knitwear manufacturer Nameson Holdings acquired adjoining units at Mayfair By The Sea I in Tai Po for HK$60 million (US$7.7 million) combined, according to Land Registry filings. The buyer was listed as... https://www.scmp.com/property/article/3352786/hong-kongs-secondary-luxury-home-deals-pick-business-families-hunt-value?utm_source=rss_feed https://www.scmp.com/property/article/3352786/hong-kongs-secondary-luxury-home-deals-pick-business-families-hunt-value?utm_source=rss_feed Thu, 07 May 2026 11:40:33 +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 China has become one of the largest sources of investment in land parcels and other properties in Singapore, as the safe-haven status of Southeast Asia’s top financial hub continues to attract global capital, according to analysts. China-linked developers and business entities have become more active in the market, said Alan Cheong, executive director for research and consultancy at Savills Singapore. “Chinese developers who have had experience in Singapore are now familiar with the rules,... https://www.scmp.com/business/article/3352046/singapores-safe-haven-status-draws-more-chinese-capital-property-sector?utm_source=rss_feed https://www.scmp.com/business/article/3352046/singapores-safe-haven-status-draws-more-chinese-capital-property-sector?utm_source=rss_feed Sun, 03 May 2026 02:00:09 +0000 Zhu Wenqian Zhu Wenqian As China’s bear housing market enters its fifth year, a growing number of global investment bank analysts and property agents are increasingly optimistic on the sector, underscoring a positive view on its outlook fuelled by upbeat data in April. Bank of America holds a positive stance on the sector and believes the “green shoots” of a recovery are visible, it said in a report issued in late April. After five consecutive years of weakness, the bank said “market recovery sustainability is becoming... https://www.scmp.com/business/article/3352045/green-shoots-appear-china-property-banks-turn-bullish-after-5-year-bear-market?utm_source=rss_feed https://www.scmp.com/business/article/3352045/green-shoots-appear-china-property-banks-turn-bullish-after-5-year-bear-market?utm_source=rss_feed Fri, 01 May 2026 03:00:09 +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