Sun Hung Kai Properties accounted for over a quarter of the 11,011 residential units that changed hands in 2023, topping Hong Kong's property sales table; Citigroup expects SHKP t ...
Hong Kong home sales sink to 33-year low in 2023 amid high interest rates as sector sees glimmers of rebound in December
Transactions in 2023 fell 2.7 per cent year on year to 58,023, while value fell 13.9 per cent to HK$477.6 billion (US$61 billion), Centaline says. Property agents see growth ahead given positive ...
Hong Kong property management firms concerned over handling waste-charging scheme breaches, 90% have yet to reach agreement with clients, regulatory body says
Property Management Services Authority urges Environmental Protection Department to offer a six-month transition period for the scheme Only five to 11 per cent of polled companies say they have ...
Hong Kong Mortgages for Existing Property Slide to Fewest Since 2001
The number of mortgages for Hong Kong real estate fell to a more than two-decade low, a reflection of the city’s severe property downturn.
Moves on Hong Kong land supply step in right direction for city development
CR Land backs Hong Kong’s development with Northern Metropolis property JV The applicant will be required to pay full market premium for the entire site, and build public facilities as specified by ...
CEOs at top Hong Kong builders, landlords share optimism on outlook, see sustainability as key issue amid market stress
CEOs of major landlords and developers in Hong Kong say priorities for 2024 include offering tenants new, sustainable services and diversifying portfolios.
Hong Kong authorities take owners of 20 old buildings to court over slow response to inspection orders
Authorities say they have ‘initiated prosecution procedures’ against owners linked to another 90 sites as part of government clampdown on poorly maintained buildings.
Hong Kong’s Commercial Property Market Faces Ongoing Challenges in 2024
According to JLL's newly released Year-End Property Market Review and 2024 Forecast, Hong Kong's commercial property leasing and investment markets experienced a slower-than-expected improvement in ...
Hong Kong property agents told to warn homebuyers of the risks of buying off-plan units in mainland China, overseas markets
Estate agents in Hong Kong have been told they must warn people eyeing houses in mainland China and overseas markets of the risks associated with buying off-plan, which include units left unfinished ...
Hong Kong home prices fall to lowest since 2017 as rents rise
Expensive borrowing costs are discouraging homebuyers, prompting them to turn to renting. Read more at straitstimes.com.
Hong Kong’s property market won’t see a strong ‘V-shaped’ rebound, analyst says
Marcos Chan, head of research at CBRE Hong Kong, says demand for residential property will nevertheless pick up, and a "couple of percentage points up" in prices is possible.
Hong Kong home prices slump to lowest in 7 years, official index shows, with little relief in sight in 2024
The housing market continued to decline, with prices in November falling for the seventh month in a row to their lowest level since February 2017, according to government data.
Hong Kong’s US$1.3 billion Northern Metropolis property JV shows CR Land and NWD’s support for city’s development, says chief
Hong Kong project to create a new core business district that offers lifestyle choices, space for emerging industries, and a diverse range of cultural and leisure amenities Venture partner New World ...
New World Teams With Chinese State Firm for HK Property Project
New World Development Co. is partnering with Chinese state-owned developer China Resources Land Ltd. to build a residential project in Hong Kong’s Northern Metropolis, underscoring the increasingly ...