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Category: PROPERTY

Posted on 06/01/2025

Hong Kong property: 10,000 new flats set to hit already supply-heavy market in 2025

Low prices will persist as developers offload inventory, but the market will fail to woo investors, according to experts.

Posted on 04/01/2025

Hong Kong property: The rich and famous lose billions as they succumb to slumping home values

Tycoons like Chen Zhuolin, Hui Ka-yan and the Ho Shung-pun family sold homes and offices at significant losses, reflecting the broader market slump ...

Posted on 03/01/2025

Hong Kong property deals drop in December as slump thins agent ranks

Transactions rose 17 per cent in 2024 despite a December decline of 28.3 per cent, according to government data.

Posted on 28/12/2024

A Luxury Home Can Help Investors Qualify for a Hong Kong Golden Visa—These Neighborhoods Could Get a Boost

Hong Kong is hoping it can help sell off the abundance of luxury homes lingering on the market with a new policy encouraging wealthy investors seeking residency to buy instead of rent.

Posted on 27/12/2024

Hong Kong home prices edge up 0.07% in November

Hong Kong's home prices were largely flat in November, in an early sign that the struggling property market could bottom out after interest rate cuts and other supportive measures.

Posted on 26/12/2024

Will Hong Kong celebrities like Chow Yun-fat find buyers for their luxury homes in 2025?

Luxury property prices to rise as much as 5 per cent next year, with rents also set to increase by the same level, Ricacorp's Derek Chan says Celebrities like Chow Yun-fat may have had to slash prices ...

Posted on 25/12/2024

China’s Housing Crisis Spills Over to Hong Kong—Major Developers Seek Help to Avoid Collapse

China's real estate crisis deepens, affecting developers like Vanke and spreading to Hong Kong, raising concerns over economic stability.

Posted on 24/12/2024

Shimao Cuts Asking Price for Hong Kong’s Second-Largest Hotel

Defaulted Chinese developer Shimao Group Holdings Ltd. has slashed the asking price for a Sheraton-branded hotel property near Hong Kong’s airport by a quarter, according to a person familiar with the ...

Posted on 22/12/2024

China property flare-ups resurface as crisis enters fifth year

As China property debt crisis enters fifth year, there is little indication that distressed developers are finding it easier to repay debt.

Posted on 21/12/2024

The Center skyscraper sale was a Hong Kong blockbuster, now buyers struggle to cash out

Take a look inside The Center, which was the world’s most expensive skyscraper when it was shrewdly sold by the city’s wealthiest man.

Posted on 19/12/2024

Hong Kong Builder New World Asks Banks to Extend Loans

Hong Kong property firm New World Development Co. is in talks with banks to extend the due dates of some bilateral loans, said people familiar with the matter.

Posted on 18/12/2024

Hongkong Land Launches Next-Generation Tenant Engagement Service for the Professional Community in Central

The new app delivers a highly personalised user experience and includes new features, content and services to enhance the working lives of professionals in the Central Portfolio The launch comes as ...

Posted on 18/12/2024

Chinese property developers look to bite bullet and revamp onshore debt in 2025

Progress by Chinese property developer Sunac towards a landmark restructuring deal for yuan bonds could open the gates to a flurry of debt agreements next year, as the sector gives up on returning to ...

Posted on 18/12/2024

Hong Kong government land sale revenues to hit HK$8-14b in 2025

And annual land premiums are expected to reach HK$10-15 billion. The Hong Kong property market is less affected by the external environment this year; demand and supply are the major factors ...

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