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Hong Kong property

Hong Kong property
Latest news and analysis about Hong Kong’s property industry, including sales, market outlook, policies, products and the performance of developers.
The administration aims to draft a new law allowing only subdivided flats that meet minimum standards to remain on the rental market. Photo: Eugene Lee
Hong Kong housing

Editorial | Vigilance key as there is no quick fix to issue of subdivided flats

Stricter enforcement of existing rules is a good place to start while longer-term efforts are needed to rid Hong Kong Kong of these shameful dwellings.

Hong Kong society

Vigil for Hong Kong’s Lee Shau-kee: political heavyweights, residents pay respects

Office rental

Hong Kong’s largest flex-office provider seeks deals with landlords

Retailing

Hong Kong retail rents have further to fall amid spending dip

Leasing activity is strong as operators seize on bargain rents to upgrade, but shopping trends worry landlords, suppress investment.

Pedestrians cross a road in Causeway Bay, one of Hong Kong’s prime shopping districts, on April 20, 2025. Photo: Sun Yeung
Hong Kong housing

Hong Kong could reward those behind 700 tip-offs leading to reclaimed flats

Each report could lead to an award of up to HK$3,000 for useful information under incentive scheme.

Hong Kong

Investors pile into Hong Kong’s largest housing project since 1999

Sun Hung Kai Properties sold all 318 flats in the first batch of its Sierra Sea project in the New Territories.

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Hong Kong courts

Tenant of Hong Kong’s only private low-rent residence loses resettlement bid

86-year-old Leung Ah-duen has sought to challenge her landlord’s decision to limit rehousing help at Tai Hang Sai Estate.

Tai Hang Sai Estate in Shek Kip Mei. The landlord has sought to redevelop the area to provide 2,000 flats to first-time homebuyers under a starter home pilot scheme of the Urban Renewal Authority. Photo: Xiaomei Chen
Banking & finance

Hong Kong’s Gaw Capital to raise new US$2 billion property fund

A potential investor was told the fund’s investments would be diversified and remain flexible amid market volatility.

Hong Kong stock market

HKEX to buy space in Exchange Square for US$812 million from Hongkong Land

Purchase follows the Securities and Futures Commission’s acquisition of its own permanent office in Quarry Bay in late 2023.

Hong Kong

Hong Kong retail slump claims another victim as dessert shop deserts

After You Dessert Cafe to close its two shops as retail sector downturn puts further pressure on the weak retail property market.

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People queue up at the After You Dessert Cafe at Airside in Kai Tak on April 23, 2025. Photo: Eugene Lee
Hong Kong

100% rent hike forces Prince Jewellery to close Hong Kong shop after 21 years

Landlord plans to raise the rent for the prime retail space to HK$2.21 million, according to property agents.

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Russell Street in Causeway Bay, one of Hong Kong’s most expensive retail areas, has seen a shift in tenant mix. Photo: Warton Li
Hong Kong

21,000 Hongkongers vie for 329 new homes at SHKP’s Sierra Sea

The pricing is about 20 per cent below second-hand properties in the district in the New Territories, Midland Realty says.

International Property

Asia-Pacific office tenants eye flexible spaces, short leases as trade war lingers

Despite a 42 per cent slide over the past six years, prime office rents in Hong Kong remained the most expensive in the region.

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Mainland China

Bridgeway suffers 30% capital loss on 3 retail property deals amid market gloom

Fund is raising cash to get ready for other buying opportunities amid market stress, founder Edwin Lee says.

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Bridgeway has sold three shop lots, including this one in Sai Ying Pun, at prices below its acquisition costs. Photo: Google Maps
Hong Kong

Exclusive | Hong Kong pharmacy to become latest tenant on Russell Street amid rent slump

Annual rent in Causeway Bay shopping district has declined 46 per cent on average between 2018 and 2024, according to Cushman & Wakefield.

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A pharmacy will take over the space in this four-storey building on Russell Street, agents say. Photo: Nora Tam
Retail properties

Firm tied to Philippines brand Oishi buys 2 Hong Kong shops

Snack maker adds to property holdings in city as some analysts predict improvements in retail sales.

Hong Kong

SHKP flirts with home prices unseen since 2014 as it launches Sai Sha project

The first batch of 158 units in Sierra Sea, a megaproject of 9,700 homes near Sai Kung, is likely to sell out in one day, Midland Realty says.

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China property

Swire Properties bullish on mainland China despite tariff war’s pall

Hong Kong developer says it is on the hunt for retail investments in Shenzhen amid the ‘onshoring’ of consumption, CEO says.

People walk through Swire Properties’ Taikoo Li Chengdu. Photo: Swire Properties
Property financing

Hong Kong’s home purchase forfeitures drop as sentiment improves

Forfeitures of deposits declined to 83 cases in the first quarter, 20 per cent lower compared with the last quarter of 2024, according to Centaline.

Architecture and design

How this Hong Kong flat was transformed to seem larger-than-life

A couple’s refurbished Happy Valley apartment feels more spacious than its modest dimensions would suggest.

US-China trade war

Hong Kong property market to feel the squeeze from Trump’s tariffs

A weaker yuan and a slowing economy could deter mainland homebuyers, but some analysts caution it is too early to draw conclusions.

Outside a real estate agency in Tai Koo, Hong Kong. Photo: Eugene Lee
Hong Kong economy

Hong Kong confident in megaproject bids amid economic headwinds

Secretary for Development Bernadette Linn optimistic of successful tenders for Northern Metropolis projects despite US-China tensions.

The pilot scheme includes an 18.6-hectare site in San Tin, one-third of which will be allocated for private housing. Photo: May Tse
Hong Kong

Bridgeway and QF Capital sell Hong Kong properties below cost amid tariff war

Patrick Kwok Ho-chuen’s QF Capital is selling a residential site on Hong Kong Island at 24 per cent below its acquisition cost.

Hong Kong housing

Tenancy details for only 52,700 subdivided flats filed in Hong Kong

Authorities must do more to enforce law covering city’s 108,000 subdivided flats, legislators say.

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SCMP

SCMP wins gold at HSUHK’s journalism award with real estate story

Salina Li won the Gold Award in the real estate category for her feature story that compared Hong Kong’s 2024 property slump with the city’s 1997 crash.

A real estate agent in Causeway Bay on 30 January 2025. Photo: Antony Dickson.
Northern Metropolis

Opinion | Why decision on a Northern Metropolis authority can’t be rushed

It all hinges on execution. Detailed public consultations will ensure any such authority serves both economic and society’s needs.

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Financial Secretary Paul Chan Mo-po leading a delegation of enterprise representatives to visit the site for the Northern Metropolis on November 29. Photo: Handout from Hong Kong’s Information Services Department
Hong Kong

Ant Group executive snaps up Hong Kong villa at 35% discount to market peak

Shao Xiaofeng and his wife Li Jian bought a four-bedroom, 3,314 sq ft detached house in Villa Rosa, Tai Tam.

Country Garden Holdings

SCMP recognised in 5 categories at State Street’s 2024 Press Awards

The awards, sponsored by Boston-based State Street for the 13th year, received more than 200 entries in 14 categories this year in English and Chinese.

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