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Hong Kong housing

Hong Kong housing
Latest news, features and analysis on Hong Kong housing, including policy and efforts to find a solution to the problem of a shortage of homes in the world’s most expensive property market.
The Tai Po fire claimed 168 lives and displaced about 5,000 when it swept the Wang Fuk Court residential complex last November. Photo: Dickson Lee
Hong Kong’s Tai Po fire tragedy

Hong Kong fire victims to keep receiving HK$150,000 annual aid until rehoused

If the exchange flat is not ready for 2½ years, the annual subsidy will continue until they move in, an official says.

Hong Kong property

Hong Kong home sales head for 22-year high as developers test price resilience

Hong Kong’s Tai Po fire tragedy

Hong Kong official warns of lower payout if Tai Po fire victims reject buy-back plan

Hong Kong’s Tai Po fire tragedy

Wang Fuk Court buyback plan disappoints some residents despite ‘generous’ offer

Government announces offer to purchase flats destroyed in blaze at HK$8,000 or HK$10,500 per square foot, but some residents prefer redevelopment.

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The government has ruled out redeveloping Wang Fuk Court, as it could take nine to 10 years. Photo: Dickson Lee
Hong Kong’s Tai Po fire tragedy

Hong Kong to spend HK$6.8 billion buying back fire-ravaged Tai Po flats

Deputy financial secretary says government offering HK$8,000 or HK$10,500 per square foot and will draw HK$4 billion from public funds.

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Hong Kong economy

Hong Kong budget 2026-27: ‘sweeteners’ for grass roots or the middle class?

Debate grows in the wake of finance chief’s projection that city will achieve early operating account surplus after three-year deficit.

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Hong Kong

Video | Will Hong Kong’s new subdivided flat rules help or hurt?

Basic Housing Units policy will require subdivided units to meet new minimum standards, but current residents fear they could be priced out.

SCMP / ELSON LI
Hong Kong property

Hong Kong’s property market to build on gains in the Year of the Horse: agents

Overall property transactions in the Year of the Snake totalled 87,506 valued at about US$86.8 billion, according to the Land Registry.

Hong Kong’s Tai Po fire tragedy

Tai Po fire owners to get buy-back offer of up to about HK$10,000 per square foot

Government sources say resettlement plan to be announced as early as Saturday.

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Architecture and design

This Hong Kong home sleeps six – and still feels serene

This luminous, Japanese-inspired bolt-hole in Tsim Sha Tsui is a far cry from its gloomy, fragmented beginnings.

Living area of the flat in Tsim Sha Tsui designed by GAAN. Photo: Eugene Chan
Hong Kong property

Exclusive | Mongolian mining family buys Stanley home as luxury sales set new record

Tselmuun Nyamtaishir, president and CEO of Mongolyn Alt, said the home is intended as a retirement residence for family use.

An entity linked to Mongolian magnate Tselmuun Nyamtaishir has signed a provisional agreement to acquire House 5 in One Stanley at 128 Wong Ma Kok Road. Photo: Elson Li
Hong Kong property

Kerry Properties secures Hong Kong’s latest residential plot for US$177 million

Kerry beat seven bidders for the rights to develop a residential project on the 1,349-square-metre parcel in the Eastern district.

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Hong Kong

New think tank launched to bridge talent gap in Hong Kong studies

Hong Kong Future Economy Institute’s director says focus on global topics at local universities has led to fewer people researching pressing local issues.

Hong Kong property

Prince Jewellery director sells upscale Hong Kong flat, upgrades to duplex

Tang Yick-ki swaps his 1,019 sq ft flat in The Cullinan for a 1,593 sq ft duplex in The Waterfront.

The Cullinan in West Kowloon pictured in March 2015. Photo: SCMP
Mainland China

Average public housing wait time in Hong Kong rises to 5.6 years

Housing Bureau attributes third consecutive quarterly increase to high demand for flats in urban areas.

Hong Kong’s average waiting time for a public rental flat rose to 5.6 years as of December, marking a third consecutive quarterly increase. Photo: Sam Tsang
Hong Kong property

Hong Kong tycoon Joseph Lau’s kin sell Mid-Levels flat for US$12.8 million

Entity controlled by Lau’s eldest son Lau Ming-wai and former partner Yvonne Lui turns profit on deal amid firming prices in luxury segment.

Hong Kong property

Hong Kong land fetches US$230 million as Chinese developer outbids city rivals

China Overseas Land & Investment beats eight rivals to secure a 50-year lease for a 33,712 sq ft housing plot in Ngau Tau Kok.

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Hong Kong’s Tai Po fire tragedy

Hong Kong lawmakers call for greater scrutiny of flat owners’ proxies

Legislators respond to government’s proposed changes to law governing building management including maintenance projects.

Workers put up new fire-retardant scaffolding nets in Tin Hau last month. Photo: Jelly Tse
Hong Kong property

Kowloon East site attracts nine bids as Hong Kong housing outlook brightens

Hong Kong developers show stronger interest in land sales as home prices rebound and sentiment improves.

Hong Kong society

Hong Kong to consider HK$3,000 fixed penalty for smoking on construction sites

Government earlier proposed maximum fine of HK$150,000.

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Hong Kong property

Hong Kong home sales slide in January, but agents eye Lunar New Year ‘mini-boom’

While deal volumes eased at the start of the year, agents point to robust new-home demand as a sign of a market bounce.

A view of Kai Tak Cruise Terminal and residential buildings in Kwun Tong area, pictured from Wan Chai. Photo: Sun Yeung
Hong Kong property

The View | Hong Kong’s housing market recovery rests on solid foundations

Unlike the commercial property sector, the city’s residential market is supported by multiple factors helping to drive demand.

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Hong Kong seen from The Peak. Morgan Stanley expects secondary home prices to rise 10 per cent this year. Photo: K. Y. Cheng
Hong Kong property

Soaring Hong Kong rents: tenants pay more – and fight for shrinking space

With rents at peak levels and bidding contests common, tenants struggle to balance cost, space and location in a tightening market.

Hong Kong property

SHKP posts another Sierra Sea sell-out as Hong Kong property rebound strengthens

Fifth consecutive sell-out at Sai Sha development shows recovery gathering pace, with analysts forecasting further price increases ahead.

Hong Kong

Opinion | Hong Kong must fix Tenants Purchase Scheme’s flaws before any relaunch

The public housing sale scheme for tenants was a bold experiment that delivered partial success but left thorny problems.

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Lam Tin Estate seen on September 15. According to a survey on the government’s re-launch of the Tenants Purchase Scheme conducted by the Democratic Alliance for the Betterment and Progress of Hong Kong in July and August, 276 residents in Lam Tin Estate said they would definitely buy their rented flats, making up 90 per cent of respondents: the highest purchase intention among all estates. Photo: Eugene Lee
Hong Kong’s Tai Po fire tragedy

Editorial | Hong Kong must tackle the long-standing lapses that led to Tai Po fire

The deep-rooted problems in building management, including bid-rigging, inflated costs and slack supervision, must be resolved once and for all.

Workers remove damaged bamboo scaffolding at Wang Fuk Court in Tai Po, on January 21. Photo: Sam Tsang
Hong Kong property

Hong Kong home prices snap 3-year downturn as rents surge to a new high

The property market has turned a corner, buoyed by rate cuts, stock gains and talent schemes, analysts say.

Hong Kong property

Hong Kong records US$95 million worth of luxury home deals in a single day

The surge in luxury home deals comes amid a recovery in Hong Kong’s residential property segment.

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