The project in Tai Wai sold just 60 per cent of flats on offer on the first day of sale, as rival developers compete for buyers’ interest.
Succession struggle in billionaire Cheng family, one of Hong Kong’s ‘big four’ property dynasties, as heir steps down
The Chengs, with a fortune estimated at US$19.5 billion, are Hong Kong’s third-richest clan and one of its “big four” property families, but they have grappled with succession challenges in recent ...
Sister of former Hong Kong chief executive Tung Chee-hwa acquires $15M flat
Shirley Peng, sister of former Hong Kong Chief Executive Tung Chee-hwa, reportedly purchased a HK$119 million (US$15.2 million) flat in the city’s affluent Mid-Levels neighborhood amid an ongoing ...
New World Gets More Bank Commitments for Loan Refinancing
Embattled Hong Kong property developer New World Development Co. has landed more vows from banks to help with a HK$87.5 billion ($11.2 billion) loan refinancing deal, bringing commitments to about 40% ...
Hong Kong’s Gale Well continues asset-sale plan with US$66 million luxury Stanley property
The deleveraging property investor has sold a number of properties recently, while other assets remain on the market Hong Kong property investment firm Gale Well Group put a luxury property site in ...
Hong Kong’s Gale Well reels from market downturn, loses US$6.5 million on 2 asset sales
The real estate investment firm has sold a number of properties in the last few months, while some of its assets are still on the market Hong Kong property investment firm Gale Well Group, which has ...
Japanese retailers like 3Coins capitalise on Hong Kong’s retail property slump to expand
Osaka-based 3Coins store to open in mid-July in Hysan Place; firm plans to sell Japanese grocery products and other items.
Capital from Hong Kong, mainland China sets sights on Dubai, Abu Dhabi property
Inquiries from Chinese buyers surge and Hong Kong's Gaw Capital and Black Spade Capital make investments The property market in the Middle East, particularly in the United Arab Emirates (UAE) cities ...
Hong Kong homebuyers flock to latest Sierra Sea units as mortgage rates ease
The temporary truce in the tariff wars between the US and China also helped improve sentiment in the property market, according to agents.
Hong Kong property tycoon fetches HK$72.9 mil in wine auction
Joseph Lau, the former chairman of Hong Kong real estate firm Chinese Estates Holdings, is a well-known collector. The sale offered more than 200 lots of wine.
Hong Kong property tycoon’s wine collection fetches US$9.3mil at auction
Hong Kong businessman Joseph Lau sold a collection of fine wine for HK$72.9 million (US$9.3 million) in an auction, fetching more than $41,000 a bottle for some rare French vintages.
Hong Kong developer CK Asset set to weather ‘stress test’ conditions, chairman says
The group is financially healthy and has a war chest to cope with unforeseen events as Hong Kong endures a ‘stress test’, Victor Li says.
Casino Magnate Lawrence Ho Invests In Hong Kong Real Estate Broker IFCX
Lawrence Ho’s investment in IFCX marks his latest bet beyond the casino empire he built across Macau, the Philippines, Cyprus and Sri Lanka.
Hong Kong’s Rich Families Sell Their Own Dwellings to Cut Debt
Hong Kong’s rich families are learning about the unpredictability of market downturns. Now some have to sell the homes they live in to cut debt.