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12.08.26 - 01:54
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Hong Kong property recovery faces new risk as China widens offshore tax net (SCMP)
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Hong Kong's property recovery could face a fresh test if China's expanding crackdown on offshore wealth extends beyond insurance returns to property income, potentially curbing mainland demand for homes and adding pressure to decentralised office markets, according to analysts.
The immediate issue is a reported 20 per cent personal income tax on certain returns earned by mainland residents from offshore assets, including gains from Hong Kong insurance policies.
While the levy does not currently......
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07.08.26 - 12:06
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Hong Kong′s Hang Lung Properties names former Starbucks China head Leo Tsoi as new CEO (SCMP)
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Hong Kong developer Hang Lung Properties has tapped Leo Tsoi Tak Lun, CEO of Toys 'R' Us Asia and former head of Starbucks China, as its new CEO and executive director.
Tsoi will join Hang Lung Group and Hang Lung Properties on September 7 as CEO-designate and executive director ahead of formally assuming the CEO role on October 1. He succeeds Weber Lo Wai-pak, who retires on August 31 after serving as CEO for eight years, the developer said in a statement on Friday.
Tsoi's appointment marks......
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02.08.26 - 10:00
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China sees flurry of commercial property deals as investors sniff out bargains (SCMP)
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Major Chinese cities including Shanghai are witnessing a significant uptick in commercial property transactions, as investors snap up space in prime locations in the expectation that the market may finally be on the road to recovery.
The value of office buildings, hotels and shopping malls across China has slumped in recent years amid a prolonged real estate crisis. But with prices in some cities now starting to stabilise, investors are hunting for potential bargains, according to analysts.
The......
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01.08.26 - 03:00
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Chinese families turn to cash and cautious stock bets as real estate avenues narrow (SCMP)
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Chinese families are fast retreating from real estate, with many holding large cash reserves now cautiously weighing stock investments, marking a stark contrast with South Korea, where retail investors are aggressively using leverage to fuel equity bets at home and abroad.
Property's share of household assets dropped to 52 per cent in the first quarter of 2026 from 67 per cent in mid-2021, while cash and bank deposits rose to 25 per cent from 16 per cent in the same period, according to a......
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21.07.26 - 01:00
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New tech wealth sparks luxury property rush in Chinese city home to ′Six Little Dragons′ (SCMP)
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A luxury penthouse in Hangzhou has set record highs for both unit price and total value of high-rise flats in the city, as new tech wealth injects fresh momentum into the market.
All 66 units at the high-end Wangtianji development's initial batch were snapped up on the first day of launch on July 16, generating 3.36 billion yuan (US$496 million) in total sales. Competition was fierce, with seven to eight bidders chasing each prime riverfront flat.
Buyers averaged 39 years old and largely......
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20.07.26 - 14:00
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Chinese immigrants emerge as pivotal players in Canada′s property market amid foreign ban (SCMP)
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Mainland Chinese immigrants were estimated to have bought as much as C$5.7 billion (US$4 billion) worth of homes in Canada last year, making them a key group of non-local investors propping up the residential property market, according to one estimate.
Ottawa barred most foreigners from purchasing homes in 2023 to cool soaring prices, initially imposing the restriction for two years before extending it until 2027.
The ban, however, exempted students, foreign workers and permanent residents.
“A......
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19.07.26 - 10:30
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Why China must end the lucrative marriage between property and banks (SCMP)
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Capital seeks sanctuary. In China's property sector, however, that quest for safety had inadvertently erected a cage. The recent government takeover of Wuhan-based private lender Zhongbang Bank, expected to see a dilution of its private capital amid serious credit risks, is a calculated regulatory action. It echoes a larger and darker precedent.
A few years ago, another commercial lender, Shengjing Bank, became caught up in the Evergrande debt crisis. There was speculation property developer......
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15.07.26 - 12:06
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Mainland China′s luxury housing boom is keeping wealthy buyers at home, report says (SCMP)
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China's booming luxury housing market is keeping more wealth onshore, a trend that analysts say may pose a growing challenge to Hong Kong's still resilient high-end residential market.
A report by Gavekal Dragonomics analyst Zhang Xiaoxi said Beijing's tightening crackdown on illicit capital outflows, including through Hong Kong's “grey market”, was making domestic luxury property an increasingly attractive store of value for wealthy mainland Chinese.
While China's broader housing market......
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15.07.26 - 05:18
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China′s first-tier home prices extend 4-month rebound amid market stabilisation (SCMP)
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New home prices in four Chinese first-tier cities rose by an average of 0.1 per cent last month, extending a four-month rebound and signalling a gradual recovery in market sentiment as housing stabilisation measures gain traction.
Compared with May, home prices edged up 0.3 per cent in Shanghai and Shenzhen and by 0.2 per cent in Guangzhou, according to data released by the National Bureau of Statistics on Wednesday. However, they fell 0.3 per cent in Beijing.
Among 70 large and medium-sized......
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12.07.26 - 03:06
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China′s developers eagerly line up to offer commercial-property Reits amid recovery signs (SCMP)
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China's first four exchange-traded real estate investment trusts (Reits) backed by commercial properties have opened the floodgates for fundraising by office developers, shopping centre builders and hotel owners amid investors' heightened hopes for a market recovery.
According to data provider Wind Information, as of June 24 the pipelines of the Shanghai and Shenzhen stock exchanges had 19 listing applications for investment trusts backed by commercial property assets, with six having already......
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29.06.26 - 01:00
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Will China′s new northern tech bases in Hebei and Tianjin spark local housing demand? (SCMP)
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Chinese technology companies establishing new headquarters and offices in northern cities around Beijing are expected to boost local rental demand, but analysts say home sales growth will be far milder than the surges delivered by traditional tech firms in previous years.
Local governments hoping that red-hot artificial intelligence or chip companies setting up headquarters or research and development centres would lift slumping property markets as in the previous cycle were likely to be......
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