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22.06.26 - 05:00
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Hong Kong home sales cool off over Dragon Boat holiday ahead of new projects (SCMP)
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Hong Kong's property market slowed over the Dragon Boat Festival holiday weekend as outbound travel and unstable weather dampened viewing activity, while developers held back major launches ahead of a fresh pipeline of projects expected to hit the market in the coming weeks.
Developers rolled out 104 new homes during the three-day Tuen Ng or Dragon Boat Festival holiday weekend, but only around half had been sold by Sunday, according to Midland Realty, with most sales coming from existing......
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22.06.26 - 02:00
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Hong Kong′s commercial property slump enters new phase as lenders take tougher stance (SCMP)
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The recent decision by mainland developer Yuzhou Group to sell office space in Central at a substantial loss to repay debt underscores a new reality in Hong Kong's commercial property market: banks are increasingly focused on controlling losses rather than delaying them.
Yuzhou said this month it would sell six office units on the 58th floor of The Center for HK$268.8 million (US$34.3 million) and use the proceeds to reduce its debt, crystallising an estimated loss of HK$83 million.
The disposal......
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19.06.26 - 11:06
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Hong Kong singer Eason Chan snaps up US$23m home as celebrities flock to luxury property (SCMP)
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Hong Kong actor and singer Eason Chan bought a HK$182.53 million (US$23.29 million) property in the city's Southern district, according to official records, joining a list of the rich and famous who have recently snapped up luxury homes.
Chan, whose full name on the official record was Chan Yick Shun Eason, purchased the home in Shouson Hill in a deal registered on Wednesday, records from the Land Registry showed.
Agent listings showed that the property had four rooms and a garden, with a......
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19.06.26 - 04:00
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Hong Kong property sales more measured as interest rate increase looms (SCMP)
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Hong Kong homebuyers showed interest in 130 flats put on sale by developers on Thursday evening, but the pace of buying was more measured after an interest-rate increase later this year became more likely.
Agents said 30 of the 75 units put on sale at Phase 4B of La Montagne at the Southside project at Wong Chuk Hang MTR station sold on Thursday.
The two-bedroom units had saleable areas ranging from 484 to 546 sq ft, with prices starting at HK$13.4 million (US$1.7 million) after discounts.
With......
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16.06.26 - 14:24
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Hong Kong property tycoon Mico Chung cashes out of US$13.4 million Peak home (SCMP)
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A company linked to CSI Properties chairman and founder Mico Chung and his wife has sold a luxury house on The Peak for HK$105 million (US$13.4 million), according to official records.
Aqua Sole Company sold the property at 27 Plantation Road to Hu Hanyang in a transaction completed on June 12, according to Land Registry records. Companies Registry filings show that Chung and his wife, Nina Kan Souk-yin, are shareholders of Aqua Sole.
The company acquired the property in 1993 for HK$12 million,......
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16.06.26 - 02:06
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Will Beijing′s tighter capital-control rules dampen Hong Kong′s housing rebound? (SCMP)
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New homes that Hong Kong developers will launch in the coming days and weeks will serve as a crucial test of the impact of Beijing's latest capital-control measures, amid signs of recovery in the city's residential property market.
“Seemingly, a number of developers have turned more cautious in launching primary projects of late,” said Jack Tong, director of research and consultancy at Savills Hong Kong.
Mainland Chinese buyers had accounted for about a third of all home purchases in Hong Kong......
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09.06.26 - 13:36
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Singapore group buys distressed tower as Hong Kong′s student housing demand accelerates (SCMP)
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Singapore-listed developer Wee Hur Holdings is expanding its Hong Kong student accommodation platform with the acquisition of One Bedford Place, a lender-controlled office tower that it plans to convert into a 500-bed student housing project.
The company said in a filing to the Singapore Exchange on Tuesday evening that it had acquired One Bedford Place for an undisclosed sum, deepening its push into Hong Kong's fast-growing student accommodation market.
“This investment reflects our conviction......
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09.06.26 - 07:54
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McDonald′s cashes in again as Hong Kong property sell-down continues (SCMP)
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McDonald's has sold another Hong Kong retail property, continuing its years-long effort to cash in on real estate assets accumulated during its rapid expansion across the city over the past few decades.
The latest disposal involved Shop 1 on the upper ground floor of Parkvale Place on King's Road in Quarry Bay, which changed hands for HK$110 million (US$14 million), according to Land Registry records.
MCD Real Properties, a company linked to McDonald's, sold the shop to Uni Investment......
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07.06.26 - 03:36
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′It′s the wealth effect′: Hong Kong luxury malls thrive amid IPO gains, housing recovery (SCMP)
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Hong Kong's new status as the world's top cross-border wealth hub, overtaking Switzerland, alongside a recovering local housing market and strong initial public offerings (IPOs), is translating into a boom for high-end malls, with landlords enjoying improved revenues and rents.
Hard luxury and jewellery segments have posted consecutive months of robust growth, though the era of traditional high-street dominance has ended. Industry experts said the market was increasingly defined by targeted......
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04.06.26 - 01:00
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Why China′s tighter grip on outbound capital may test Hong Kong′s housing rebound (SCMP)
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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......
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01.06.26 - 13:36
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Closure of Hong Kong′s Casa Hotel tied to student-housing trend after failed sale attempts (SCMP)
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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......
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31.05.26 - 05:30
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Hong Kong property recovery tested as bigger student housing deals gain traction (SCMP)
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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......
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27.05.26 - 08:00
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Hong Kong home prices reach 30-month high in April, while rents set another record (SCMP)
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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 second 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 per......
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23.05.26 - 11:48
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SHKP sells out latest flats in Tsuen Wan as Hong Kong property market continues recovery (SCMP)
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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......
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19.05.26 - 13:00
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Non-traditional Hong Kong bidder tops property giants in Tung Chung HK$1.6b land auction (SCMP)
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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......
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19.05.26 - 09:42
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Hong Kong stars Nick Cheung and William Chan join wave of upmarket home sales (SCMP)
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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......
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19.05.26 - 01:00
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Hong Kong property upswing poised to hold despite interest rates risk: Moody′s (SCMP)
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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......
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17.05.26 - 04:00
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Fresh concepts lift Hong Kong retail property as tourists and consumers return (SCMP)
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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,”......
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14.05.26 - 13:00
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Chow Tai Fook turns from tenant to owner with US$51 million Hong Kong school property deal (SCMP)
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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......
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