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25.09.26 - 03:06
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Hong Kong catching up with Dubai in ′super-prime′ property sales amid Iran war (SCMP)
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Hong Kong has significantly narrowed Dubai's lead as the world's top market for “super-prime” residential property in recent months, as rising conflict weighs on activity in the Middle East market, according to Knight Frank.
Dubai retained first place for deals involving homes sold for US$10 million or more in the second quarter of the year, with 131 sales worth a combined US$2.17 billion, but the total value of those transactions fell 27 per cent compared with the previous quarter.
Hong Kong,......
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24.09.26 - 01:00
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Hong Kong rises in property market transparency rankings, but trails Singapore and Japan (SCMP)
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Hong Kong has climbed one place in a list of the world's most transparent real estate markets by property consultancy JLL and subsidiary LaSalle Investment Management, though it still trails regional peers Singapore and Japan in the rankings.
The city secured 14th place in the latest edition of the Global Real Estate Transparency Index, a report released every two years. The new report covers 146 city markets in 88 countries and territories worldwide.
The ranking was the highest of any market in......
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21.09.26 - 10:30
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Why a hawkish US Fed won′t derail Hong Kong′s property recovery (SCMP)
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The Hong Kong Monetary Authority, the city's de facto central bank, probably anticipated the rise in US interest rates last week. However, it is unlikely it foresaw the extent to which the Federal Reserve shifted in a hawkish direction.
Even Fed watchers were surprised by the unanimous vote to increase borrowing costs and the unambiguous signal that the central bank plans to raise interest rates further in the coming months.
While the HKMA, which moves in lockstep with the Fed to safeguard the......
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17.09.26 - 12:00
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Hong Kong property market gets reprieve on rates, but position remains precarious (SCMP)
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Hong Kong's property market dodged an immediate hit from the Federal Reserve's rate hike on Thursday as major local banks kept their prime rates unchanged, but another increase could puncture the market's relatively fragile recovery, according to industry insiders.
The Fed raised its benchmark rate by a quarter point at its latest meeting on Wednesday in the US, but HSBC and other major Hong Kong banks left their prime rates unchanged.
The decision should have no immediate impact on the local......
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16.09.26 - 12:06
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Developer family′s deals highlight capital shift across Hong Kong property sectors (SCMP)
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A third-generation member of a long-established Hong Kong developer family has bought a HK$98.8 million (US$12.6 million) luxury flat in Mid-Levels, weeks after the family sold a long-held North Point property, highlighting a broader market trend of capital shifting across real estate sectors.
John Lai Sung-ziang agreed to buy a high-floor unit at Estoril Court on August 31, Land Registry records showed. The price for the four-bedroom flat, which has a saleable area of 2,888 square feet,......
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16.09.26 - 02:06
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Southeast Asian buyers emerge as top non-local investors in Hong Kong commercial property (SCMP)
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Southeast Asian investors have emerged as the largest non-local buyers of Hong Kong commercial property, led by Singapore-based capital, according to Savills.
As of Tuesday, local and non-local investors – including those from mainland China – were behind an estimated HK$30.36 billion (US$3.87 billion) in transactions involving commercial property deals above HK$50 million in Hong Kong so far this year, data compiled by the property consultancy showed.
Southeast Asian investors contributed......
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16.09.26 - 01:06
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Hong Kong commercial property downturn to worsen amid tightening credit: agents (SCMP)
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Commercial property prices in Hong Kong are likely to continue their downward spiral, as the market risks getting trapped in a “vicious cycle” of tighter bank lending and weakening demand, a property agency has warned.
Banks in the city had adopted a more conservative approach towards approving mortgages for commercial properties over the past three years, introducing stricter approval standards and terms, said Eric Tso Tak-ming, chief vice-president at mReferral Mortgage Brokerage Services, at......
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11.09.26 - 01:00
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Hong Kong home prices headed for 15% gain this year, Midland forecast says (SCMP)
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Hong Kong's home prices will end the year 15 per cent higher than a year earlier, but still 16 per cent below their high-water mark in 2021, according to local property agency Midland Realty.
Underpinning the positive forecast, the city's banks were not likely to follow an increase in US interest rates by the Federal Reserve if one occurred this year, executives from the agency said at a press conference on Thursday.
Dave Ma Tai-yeung, CEO of Midland (Residential), said that as the market......
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10.09.26 - 14:30
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SHKP posts 4.6% profit rise amid Hong Kong′s property recovery (SCMP)
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Sun Hung Kai Properties (SHKP), Hong Kong's biggest developer by market capitalisation, reported its underlying profit for the year ending June rose 4.6 per cent to HK$22.85 billion (US$2.91 billion), excluding investment property revaluations.
Meanwhile, its reported profit increased to HK$21.43 billion, backed by a HK$1.38 billion net revaluation gain versus a HK$742 million loss last year, according to its filing with the Hong Kong stock exchange on Thursday.
“For the year under review, Hong......
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08.09.26 - 02:06
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Foreign, mainland students flock to Hong Kong sparking property demand in education sector (SCMP)
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Hong Kong's bid to become a global education hub is likely to transform the sector as a sustainable source of property demand, with the city tipped to see around 200,000 non-local students by 2035, according to CBRE.
The city's international schools are estimated to require enormous additional real estate to accommodate nearly 30,000 to 40,000 non-local students, as the institutions would need to set up 40 to 50 new school campuses.
This could mean up to an extra 1.11 million square metres (12......
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04.09.26 - 12:06
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Bargain sale, collapsed deal reflect Hong Kong′s struggling retail property market (SCMP)
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A foreclosure sale in Hong Kong's Lan Kwai Fong area and a cancelled shop transaction in North Point reflect the impact of weak consumer spending on Hong Kong's retail property market, which will remain under pressure through the end of the year, according to analysts.
The Lan Kwai Fong property, home of well-known bar Insomnia until it closed in 2024, recently changed hands for 60 per cent less than its value in a 2015 sale. Meanwhile, the deal for the large street shop on King's Road in North......
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01.09.26 - 06:00
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Rate rise expectations mount in Hong Kong property market following Fed chief′s comments (SCMP)
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With expectations of a quarter-percentage-point increase in the US Federal Reserve's target interest rate increasing following comments by Fed chairman Kevin Warsh last week, the Hong Kong property market is bracing for its potential impact.
Following Warsh's comments at the Jackson Hole economic symposium on Friday, the CME FedWatch tool, which tracks Fed funds futures contracts, indicated that expectations of a rate rise in the United States this month had doubled, with markets pricing in a 60......
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31.08.26 - 11:00
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Hot property: Big banks, fashion stores seek ′cheaper′, eye-catching Hong Kong retail (SCMP)
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From big banks to fashion brands, tenants are taking advantage of potential lower rents for retail space in Hong Kong's prime areas as they utilise eye-catching locations to boost visibility towards customers, according to agents.
HSBC is unveiling its first flagship branch at the Capitol Centre, which was previously occupied by fashion retailers such as Chanel, Victoria's Secret and Forever 21, as the bank prepares to close two branches in one of the city's top shopping areas, Causeway Bay.
The......
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30.08.26 - 08:00
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Will Hong Kong see fewer creditor-led commercial property sales as assets stabilise? (SCMP)
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Financial distress in Hong Kong's commercial property market has moderated but not been completely eliminated, analysts say, with highly leveraged asset owners still expected to find refinancing their loans a challenge.
The city's office and retail property segments have been mired in a multi-year slump, with new supply outstripping demand in recent years as consumption slowed and interest rates surged, triggering loan defaults.
“We do not expect defaults will increase noticeably from this time......
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30.08.26 - 04:06
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JD.com′s US$1.3b expansion could test Hong Kong′s footfall-driven retail property model (SCMP)
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JD.com's rapid expansion in Hong Kong could challenge the property model that has long made the city's busiest streets and shopping centres its most valuable, analysts say.
The Chinese e-commerce giant has invested more than HK$10 billion (US$1.3 billion) in Hong Kong property over the past two years, building a network of stores, warehouses and other assets that analysts said could reduce the importance of footfall for some retailers while increasing the value of logistics hubs and other......
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28.08.26 - 02:06
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Hong Kong home prices end 13-month upswing as mainland Chinese tax fears weigh on demand (SCMP)
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Hong Kong's lived-in home prices fell 0.46 per cent in July, halting a 13-month upswing, according to the latest official data.
The index tracking second-hand homes slipped to 321.5 in July from 323 in June, Rating and Valuation Department (RVD) data showed on Thursday.
It was the first decline in 16 months – since April last year. Prices were flat in May last year before climbing steadily for 13 months from June.
“As residential property prices have increased by 7.3 per cent year to date,......
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