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Hong Kong property

Hong Kong, mainland China office-leasing outlook bleak even as mood brightens across Asia-Pacific: CBRE

by Anas Siddiqui
Hong Kong, mainland China office-leasing outlook bleak even as mood brightens across Asia-Pacific: CBRE

The commercial property leasing market across most Asia-Pacific markets is improving, except in Hong Kong and mainland China where sentiment is particularly downbeat, according to CBRE. While respondents in South …

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Hong Kong’s property downturn yet to run its course, with home prices set to decline by up to 10% this year, S&P says

by Anas Siddiqui
Hong Kong’s property downturn yet to run its course, with home prices set to decline by up to 10% this year, S&P says

Hong Kong’s current property market downturn is cyclical and not structural, according to S&P Global Ratings, which expects home prices to decline by as much as 10 per cent this …

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Japanese firms snap up retail spaces in Hong Kong, making the most of city’s low rents and residents’ fondness for country’s brands

by Anas Siddiqui
Japanese firms snap up retail spaces in Hong Kong, making the most of city’s low rents and residents’ fondness for country’s brands

More Japanese brands and retailers are likely to occupy shops in Hong Kong this year, drawn to the city’s more reasonable retail rents, as well as Hongkongers’ affection for anything …

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Hong Kong’s Swire Pacific posts record US$4.6 billion profit on Cathay boost, eyes healthcare growth amid soft property market

by Anas Siddiqui
Hong Kong’s Swire Pacific posts record US.6 billion profit on Cathay boost, eyes healthcare growth amid soft property market

Real estate arm Swire Properties saw profit rise by a third to HK$11.6 billion, while aircraft maintenance and engineering firm Haeco posted 86 per cent growth in recurring profit, buoyed …

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Hong Kong’s hotels see business lift from Rugby Sevens, Art Basel after city misses out on ‘Swiftonomics’

by Anas Siddiqui
Hong Kong’s hotels see business lift from Rugby Sevens, Art Basel after city misses out on ‘Swiftonomics’

In 2023, the hotel industry had seen some recovery with monthly occupancy rate of between 66 per cent and 87 per cent, higher than the monthly occupancy rate of between …

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Sun Hung Kai Properties in pole position to benefit from Hong Kong’s property easing measures, analysts say

by Anas Siddiqui
Sun Hung Kai Properties in pole position to benefit from Hong Kong’s property easing measures, analysts say

With seven projects comprising more than 8,100 units expected to launch this year, SHKP is likely to benefit from a revitalised property market. “SHKP has the most saleable resources among …

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Singapore’s Mapletree, PAG rename Pan Sutong’s former Hong Kong headquarters, to give anchor tenant naming rights to ‘high-quality office landmark’

by Anas Siddiqui
Singapore’s Mapletree, PAG rename Pan Sutong’s former Hong Kong headquarters, to give anchor tenant naming rights to ‘high-quality office landmark’

“We are thrilled to announce the re-entry of The Bay Hub as a high-quality office landmark in Hong Kong’s commercial sector,” Wong Mun Hoong, Mapletree’s regional CEO for Australia and …

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Gloomy Hong Kong retail sector gets Swiss watchmaker Omega’s vote of confidence as it opens glitzy shops in Central, K11

by Anas Siddiqui
Gloomy Hong Kong retail sector gets Swiss watchmaker Omega’s vote of confidence as it opens glitzy shops in Central, K11

Swiss luxury watchmaker Omega is ramping up its presence in Hong Kong, opening two specialty shops in the city as it bets on long-term success despite slower than expected economic …

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Hong Kong home prices fall for ninth straight month, intensifying calls for lifting property curbs

by Anas Siddiqui
Hong Kong home prices fall for ninth straight month, intensifying calls for lifting property curbs

Secondary-market prices of Hong Kong homes have retreated 23 per cent from their peak in September 2021, according to government statistics. The nine-month losing streak, the longest since the outbreak …

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Hong Kong developers Sino Land, Hysan expect last year’s ‘uncertainties’ to loom over city’s property sector this year as well

by Anas Siddiqui
Hong Kong developers Sino Land, Hysan expect last year’s ‘uncertainties’ to loom over city’s property sector this year as well

Sino Land said that its profit in the July-to-December period last year – the first six months of its financial year – rose 6.5 per cent to HK$2.6 billion (US$332 …

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