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Hong Kong property

Hong Kong property agents told to warn homebuyers of the risks of buying off-plan units in mainland China, overseas markets

by Anas Siddiqui
Hong Kong property agents told to warn homebuyers of the risks of buying off-plan units in mainland China, overseas markets

The new guidelines, set to come into effect next summer, will require licensed estate agents to obtain a legal opinion from a lawyer practising in the place where the unfinished …

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13% Hongkongers think it is a ‘good time’ to buy property, second highest level of optimism on record, Citi survey shows

by Anas Siddiqui
13% Hongkongers think it is a ‘good time’ to buy property, second highest level of optimism on record, Citi survey shows

The number of Hongkongers who say it is a “good time” to buy a house fell three percentage points in September from a year ago, according to a study conducted …

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Hong Kong, Singapore prime property to see contrasting fortunes as luxury homes globally set to trend higher in 2024

by Anas Siddiqui
Hong Kong, Singapore prime property to see contrasting fortunes as luxury homes globally set to trend higher in 2024

The worst is likely over for the luxury property segment globally, with prime home prices set to rise more than previously anticipated, according to a report by Knight Frank. However, …

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Mainland China’s Li Ning buys Henderson Land’s Harbour East for US$282 million to house its Hong Kong headquarters

by Anas Siddiqui
Mainland China’s Li Ning buys Henderson Land’s Harbour East for US2 million to house its Hong Kong headquarters

Li Ning, China’s biggest sportswear manufacturer, bought a 25-storey mixed office and retail building in North Point from Henderson Land for HK$2.2 billion (US$282 million), to house its headquarters in …

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Hong Kong sees record 6 failed land tenders as elevated interest rates, depressed home prices dampen demand for new plots, Colliers says

by Anas Siddiqui
Hong Kong sees record 6 failed land tenders as elevated interest rates, depressed home prices dampen demand for new plots, Colliers says

They were an 8,360 square-metre project on Po Fung Road in Tsuen Wan, which was snapped up by Kerry Properties in February for HK$1.4 billion (US$180 million), a 2,260 sq …

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Hong Kong home sales jump 22 per cent in November as impact of property easing measures filters through

by Anas Siddiqui
Hong Kong home sales jump 22 per cent in November as impact of property easing measures filters through

Home sales in Hong Kong rose by 22 per cent in November as buyers took advantage of a cut in stamp duties and other property-easing measures announced by Chief Executive …

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New World Development offers to buy back US$600 million of bonds after completing a US$2.8 billion asset sale to controlling family

by Anas Siddiqui
New World Development offers to buy back US0 million of bonds after completing a US.8 billion asset sale to controlling family

New World Development offered to buy back as much as US$600 million of its outstanding dollar-denominated debt through a public tender to manage its debt load, days after receiving HK$21.8 …

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Hong Kong retail rents to see one of the highest increases in Asia over next five years, US asset manager PGIM says

by Anas Siddiqui
Hong Kong retail rents to see one of the highest increases in Asia over next five years, US asset manager PGIM says

Hong Kong’s shop rents are tipped to record one of the biggest increments in the Asia-Pacific region from next year until 2028, according to the latest report by PGIM Real …

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Hong Kong home prices will fall by 10 per cent in 2024, UBS says, amid high interest rates, housing glut

by Anas Siddiqui
Hong Kong home prices will fall by 10 per cent in 2024, UBS says, amid high interest rates, housing glut

In lockstep with the Fed’s aggressive tightening campaign, the Hong Kong Monetary Authority (HKMA) has raised rates by a cumulative 5.25 percentage points since March 2022, with the base rate …

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Hongkong Land’s Jardine House, iconic witness to 50 years of city’s development, celebrates milestone with exhibitions

by Anas Siddiqui
Hongkong Land’s Jardine House, iconic witness to 50 years of city’s development, celebrates milestone with exhibitions

Jardine House, the 52-storey building with the distinctive circular windows at the heart of Hong Kong’s Central district, is celebrating the 50th anniversary of its completion this year, a silent …

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