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Hong Kong property

‘No need to be concerned’ about Hong Kong property market as long as city plays to strengths, says JLL global CEO

by Anas Siddiqui
‘No need to be concerned’ about Hong Kong property market as long as city plays to strengths, says JLL global CEO

“There’s no need to be concerned,” he said. “It’s a question of how you can play to your strengths going forward. And therefore I wouldn’t even make that comparison whether …

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Hong Kong’s buoyant home sales to fight gravity of continued high interest rates as cut hopes dwindle, analysts say

by Anas Siddiqui
Hong Kong’s buoyant home sales to fight gravity of continued high interest rates as cut hopes dwindle, analysts say

Dwindling hopes for an interest-rate cut this year could put a damper on surging Hong Kong home sales, according to analysts. As of Tuesday, 5,109 new homes have been sold …

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Debt-saddled Lai Sun Development sells stake in insurer AIA Group’s Hong Kong headquarters

by Anas Siddiqui
Debt-saddled Lai Sun Development sells stake in insurer AIA Group’s Hong Kong headquarters

A wholly-owned unit of Lai Sun Development Company, a Hong Kong property firm, has sold its equity stake in the AIA Central skyscraper for HK$1.42 billion (US$180 million) in a …

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CK Asset’s Blue Coast flats are 65 times oversold as buyers snap up discounts in Hong Kong’s biggest home launch this year

by Anas Siddiqui
CK Asset’s Blue Coast flats are 65 times oversold as buyers snap up discounts in Hong Kong’s biggest home launch this year

CK Asset’s Blue Coast project in Wong Chuk Hang, one of Hong Kong’s biggest residential launches this year, was snapped up by eager homebuyers rushing to take advantage of attractive …

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Hong Kong property agencies Centaline, Midland forecast property sales hitting 10-month high in March

by Anas Siddiqui
Hong Kong property agencies Centaline, Midland forecast property sales hitting 10-month high in March

Hong Kong property sales are expected to hit a 10-month high in March following the removal of all of the city’s property cooling measures, two leading property agencies said. Midland …

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Hong Kong faces shortfall of up to 59,500 beds for university students, creating opportunity for investors, hotel owners

by Anas Siddiqui
Hong Kong faces shortfall of up to 59,500 beds for university students, creating opportunity for investors, hotel owners

The situation has led to several conversions of hotels into student spaces in the past two years, with more in the offing in 2024. Students walk on the campus of …

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Hong Kong grocers feel pain as locals rush to Shenzhen for cheaper prices; luxury and experiential retailers fare better

by Anas Siddiqui
Hong Kong grocers feel pain as locals rush to Shenzhen for cheaper prices; luxury and experiential retailers fare better

Improved retail sales last year appear to have helped retail landlords, as the average retail rent rose 4 per cent in 2023, according to government data. This put shop rents …

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Mainland Chinese buyers have benefited the most from the removal of Hong Kong’s property curbs, have stepped up luxury purchases, JLL says

by Anas Siddiqui
Mainland Chinese buyers have benefited the most from the removal of Hong Kong’s property curbs, have stepped up luxury purchases, JLL says

Mainland Chinese buyers are aggressively snapping up new luxury homes worth HK$30 million (US$3.8 million) or more since the removal of all of Hong Kong’s property curbs last month, JLL …

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Hong Kong property: homebuyers flock to Wheelock’s Seasons Place in Tseung Kwan O

by Anas Siddiqui
Hong Kong property: homebuyers flock to Wheelock’s Seasons Place in Tseung Kwan O

“A new batch of units are expected to be launched in the short term, and there will be room for price increases,” Wheelock managing director Ricky Wong said in reaction …

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Hong Kong property: Henderson to launch 7,100 new homes this year, saying market has ‘bottomed out’ and ‘stabilised’

by Anas Siddiqui
Hong Kong property: Henderson to launch 7,100 new homes this year, saying market has ‘bottomed out’ and ‘stabilised’

Henderson Land Development, one of Hong Kong’s biggest developers, said it will launch some 7,100 new residential units this year, 7 per cent fewer than last year, after reporting a …

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