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Property

Hong Kong & China
International
LUXE Homes
Renovation work at the venue of the former Transformers Ark restaurant on Russell Street, Causeway Bay on March 26, 2025. Photo: SCMP

Business

Exclusive | Hong Kong online broker rents shop in one of the world’s costliest retail strips

Futu could be paying HK$1.2 million (US$154,000) per month in rent, a steal compared to the HK$8.6 million in monthly rent that Burberry paid in 2018.

Hong Kong’s March property sales rise to the highest in 4 months

New World Development plans sweetening of terms on two loans that it is seeking

Business

Hong Kong mortgage loans surge to 9-month high as new homebuyers seek financing

Financial institutions approved mortgage loan applications worth US$3.3 billion in February.

A man passes a property agency in Mong Kok. Photo: Elson Li
A man passes a property agency in Mong Kok. Photo: Elson Li

Business

No respite in sight for Chinese developers as profits continue to slump

China Overseas Land & Investment’s profit sank 40 per cent to 15.6 billion yuan, while Country Garden trimmed its loss to 32.8 billion yuan.

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Companies

Country Garden’s 2024 loss narrows amid tentative recovery signs

The loss attributable to shareholders stood at 32.8 billion yuan, compared with a record 178 billion yuan loss in 2023, according to an exchange filing.

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Business

Rich buyers keep scoring Hong Kong luxury homes at stunning discounts

Plum properties sell for songs, but bargains may not last as demand for upscale homes is up 50 per cent from last year, agents say.

A view of residential buildings in Mid-Levels, Hong Kong on October 24, 2023. Photo: May Tse
A view of residential buildings in Mid-Levels, Hong Kong on October 24, 2023. Photo: May Tse

China Business

Shanghai’s luxury property market thrives while mass housing segment deteriorates

More than 60 per cent of the 4,110 new homes in China priced above 30 million yuan were sold in Shanghai last year, according to CRIC data.

Business

Exclusive | BlackRock sells last Shanghai asset at discount amid China retreat

The US firm is selling its last major asset in the city, Trinity Place, for 900 million yuan (US$124 million), according to sources.

9

Business

Hong Kong’s home prices fall towards decade low on interest rate, tariff pain

Secondary home prices have declined by a cumulative 27 per cent since January 2022, according to government data.

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A man walks past a real estate agency in Causeway Bay in January 2025. Photo: Antony Dickson

Business

Hong Kong’s battered retail sector about to turn around: UBS, JLL

UBS revises its 2025 forecast to flat from a 5 per cent decline, while JLL sees signs of stabilisation as Shenzhen shopping craze cools.

Tourists shop at a gold shop on Canton Road, Tsim Sha Tsui, on February 14, 2025. Photo: Jelly Tse
Tourists shop at a gold shop on Canton Road, Tsim Sha Tsui, on February 14, 2025. Photo: Jelly Tse

Business

Cantopop diva G.E.M. dives in for 2 Hong Kong flats as prices drop

The transactions for the two units in Leon Court in Wan Chai were completed earlier this month for HK$85 million, government records show.

5

Business

Hong Kong may need 7 to 15 years to end city’s office glut, experts say

The city has 15 million sq ft of excess office space, more than all the current space in the main business district.

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19

Business

Hong Kong property demand sees some improvement after stamp duty cuts

The market’s long-term recovery depends on interest rate trends, as homebuyers remain cautious amid the US-China trade war, experts say.

A view of Kowloon from the sky100 Hong Kong Observation Deck on February 27. Photo: Sam Tsang

Markets

2 of Hong Kong’s biggest developers miss profit goals amid slump

‘The global economy is expected to remain challenging in 2025’, says CK Asset chairman Victor Li Tzar-kuoi.

CK Asset chairman Victor Li Tzar-kuoi. Photo: Handout
CK Asset chairman Victor Li Tzar-kuoi. Photo: Handout

Business

Chinese Estates CEO, sister sell retail shops for US$16.7 million amid market stress

Chan Hoi-wan and her sister lowered their asking price by 7 per cent to close the deal for the Hong Kong retail shops on March 18.

Business

Henderson’s smooth succession: a tale of 2 brothers and a US$91 billion empire

Tycoon ensured a lasting legacy after he handed over control of the group to his two sons Peter Lee and Martin Lee well ahead of time.

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Spending

Why restaurants are replacing shops, changing Hong Kong’s retail landscape

The mix of tenants in malls and at street level is changing as restaurateurs pounce on slumping rents to expand, often taking the spaces left behind by retailers forced to leave during the pandemic.

illustratio by perry tse
illustratio by perry tse

Business

Magnate warns of tough times as Hang Lung kicks off results season

The comments by Chan showed how Hong Kong has been caught since 2019 by a series of turbulent events, including months of anti-government protests, US sanctions and a Covid-19 pandemic in its third year.

Business

Hong Kong, mainland cities worst performers in index tracking home rent growth

Upmarket home rents in Hong Kong and Shenzhen declined in the year’s first half, bucking the global trend of increases among 30 cities tracked by property consultancy Savills.

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Business

Hong Kong’s Peak Lookout restaurant has rent halved as Covid wipes out tourism

The owners of the iconic Hong Kong restaurant, previously a huge draw for tourists with its prime location, are now paying less than half the monthly HK$230,000 (US$29,300) they were forking out on a lease signed pre-pandemic.

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With its red, pitched roof, it has the appearance of an old English country cottage, with stone walls, arched windows and a visible chimney. Photo: Dickson Lee
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OPINION
Nicholas Spiro

The View | How Indonesia can calm property investors’ fears of a return to 1998

Nicholas Spiro
Nicholas Spiro

The View | Why the future looks so promising for luxury property in Asia

Nicholas Spiro
Nicholas Spiro

The View | Asia’s commercial property market growing in diversity and complexity

Nicholas Spiro
Nicholas Spiro

The View | Why Asia property investors won’t stray from data centres and Japan playing

Nicholas Spiro
Dennis Lee

Opinion | When will Hong Kong stop building skyscraping boxes with bay windows?

Dennis Lee
Nicholas Spiro

The View | Why Hong Kong’s property blues don’t add up to a crisis yet

Nicholas Spiro
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MULTIMEDIA
Video

How Alibaba.com is betting on AI to transform e-commerce

How Alibaba.com is betting on AI to transform e-commerce
11:13
Video

The small business concerns behind China’s ‘two sessions’

China’s ‘two sessions’: small businesses voice concerns as they face economic headwinds
03:22
Video

Hong Kong-listed SenseTime to spin off healthcare platform

SenseTime plans to spin off healthcare platform in effort to capitalise on advanced LLMs
01:32
Video

How Sands China is driving Macau 3.0

How Sands China is driving ‘Macau 3.0’ with NBA Legends, better infrastructure
02:33
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Hong Kong & China
Professor Zhou Qifeng, President of Peking University and Lee Shau-kee in 2011 visited the construction site of the Lee Shau Kee Humanities Buildings inside the Jingchun Garden which used to be an imperial garden in the Qing dynasty. Photo: Handout
Hong Kong property

Tributes pour in for Lee Shau-kee, Hong Kong’s ‘patriotic philanthropist’

Lee gave away some of his US$29.2 billion fortune to fund education, provide housing and elderly care for the city’s underprivileged.

Sunac China warns of US$3.6 billion loss as housing slump crimps sales

Lee Shau-kee, founder of Henderson Land, dies at age 97

10

China’s home prices drop for 21st straight month as property recovery remains elusive

A Chinese national flag flutters near residential buildings in Beijing on March 9, 2025. Photo: Reuters

ICBC (Asia) backs Hong Kong developers with loan support as sector struggles

A worker cleans a pool near residential construction projects in the Kai Tak area of Hong Kong on March 11, 2025. Photo: May Tse

China Vanke’s Hong Kong unit sees strong flat sales despite mortgage concerns

Potential buyers queue up for China Vanke’s Le Mont residential project in Tai Po at its sales office in Cheung Sha Wan on Saturday. Photo: Nora Tam

Nicholas Tse, Stanley Ho’s family face falling property value amid market slump

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Mainland tourists are seen in Tsim Sha Tsui. Hong Kong’s retail sales fell 7.3 per cent last year. Photo: Yik Yeung-man
International
A man looks at the view from the Our Lady of the Hill viewpoint overlooking downtown Lisbon and the Saint George’s castle, on February 26, 2025. Photo: AP
International Property

American demand for overseas property, residency surges under Trump

UK, Portugal and Australia see influx as investment migration becomes ‘essential insurance’ against uncertainty, consultant says.

4

Chinese buyers are buying more expensive properties in Australia

Audrey Hepburn lived here: Swiss villa on market for US$21 million

Tokyo’s prime office rents rise, but vacancy rates tell a different story

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Thai properties at risk as Chinese buyers spooked by safety, security woes

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LUXE Homes
View of residential buildings in Mid-Levels and The Peak, two sought after addresses in Hong Kong. Photo: Nora Tam
Hong Kong property

Outlook for Hong Kong’s high-end homes to brighten 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.

7

Dubai developers escalate efforts to sell properties to rich Chinese

Shanghai, Shenzhen luxury home sales soar after historic stimulus package

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China’s ultra-rich are snatching up luxury homes for a rainy day

Shanghai’s Xujiahui Commercial and shopping district pictured on September 5, 2020. Photo: Shutterstock

Rents on global luxury homes cool in first quarter as Singapore drags market

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Singapore raised taxes on property purchases to cool its red-hot market in April 2023. Photo: Bloomberg

Chinese buyers return to Hong Kong’s luxury property market as activity picks up

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An aerial view of Kerry Properties’ Mont Verra luxury residential project in Beacon Hill. Photo: Handout

Creditor seizes 2 Hong Kong mansions linked to Evergrande’s Hui Ka-yan

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A creditor of China Evergrande has seized two luxury houses on The Peak in Hong Kong linked to the developer’s founder Hui Ka-yan. Photo: Handout