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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 - 08:12
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Standard Chartered lifts 2030 earnings target to 18% with Hong Kong at core: CEO Winters (SCMP)
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Standard Chartered has raised its 2030 earnings target to 18 per cent by expanding wealth, cross-border banking and digital businesses, with Hong Kong at the centre of its growth story, according to global CEO Bill Winters.
Investors welcomed the plan, lifting the lender's shares 2.5 per cent to HK$201.60 in Tuesday's morning session, outperforming the benchmark Hang Seng Index, which rose 0.4 per cent.
The London-headquartered lender, which focuses on emerging markets in Asia, the Middle East......
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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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18.05.26 - 12:06
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Evergrande liquidators seek US$8.4 billion from PwC entities in Hong Kong lawsuit (SCMP)
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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 seeking 57 billion yuan from PwC International, PwC Hong Kong and PwC China jointly,......
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18.05.26 - 02:30
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Mainland Chinese demand for Hong Kong homes grows on yuan gains and rising rents (SCMP)
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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......
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17.05.26 - 13:00
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Hong Kong High Court to hear Evergrande liquidators′ lawsuit against PwC on Monday (SCMP)
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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......
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17.05.26 - 05:30
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Every window a solar panel: Australia-China joint venture to set up in Hong Kong (SCMP)
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ClearVue Technologies, an Australian solar technology company, will set up a joint venture with a Chinese partner in Hong Kong to produce power-generating glass for building facades, a concept seen as timely given rising energy prices amid geopolitical tensions.
The Australian Securities Exchange-listed firm aims to take advantage of the manufacturing prowess of mainland China to provide “affordable” glass for commercial buildings via the joint venture with vacuum-glass maker LandVac, said Doug......
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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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16.05.26 - 04:06
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Hong Kong market regulator takes on ′collection agent′ role for wronged investors (SCMP)
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On a warm Saturday in early May, the kind of day most would choose to spend on a hike or at the beach, hundreds of Hongkongers instead stood for hours in a queue at Edinburgh Tower in Central.
But despite the loss of a pleasant weekend afternoon, none would be likely to consider it time wasted. They were there claim their fair share of HK$1.5 billion (US$191 million) owed to independent shareholders of Giordano International in the largest settlement on record by the city's Securities and......
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