Hong Kong Property

Hong Kong home prices extend rising streak in April

Mainland Chinese account for more than a quarter of all housing purchases during the month

The shortfall represents about a third of the refinancing for the loan, which is secured against the iconic Sogo department store in shopping district Causeway Bay.

Hong Kong’s Sogo Department store racing to refinance loan: sources

Lifestyle International still needs to nail down HK$2 billion in commitments to meet its target of refinancing HK$6.75 billion outstanding on deal

The negotiations are the latest chapter in the long-running saga of the 11 Skies project, which has become a stumbling block for New World.

New World mulls fee to avoid US$9 billion rent for 11 Skies mall project

The payment will cover some of the developer’s long-term rental obligations with Hong Kong’s Airport Authority

Blackstone has informed New World Development of its decision, ending a protracted year-long negotiation that stalled in recent months.

Blackstone drops US$4 billion New World deal over control clash

Billionaire Chengs might forgo a deal by injecting capital through a rights issue instead

The home transaction volume and value last month were both the highest since April 2024.

Mainland Chinese snap up Hong Kong homes in April, most in 2 years

They favour new homes, with 1,032 of April purchases coming from the primary market

New World is expected to pocket about US$300 million in cash after netting off debt, a source said.

New World weighing sale of stake in US$2 billion HK hotel portfolio: sources

The potential buyers include Aravest, a Sumitomo Mitsui Finance & Leasing-backed real-estate manager

Hong Kong’s property market is reviving after a yearslong slump, with rising rents, home prices, and strong interest in new developments.

Hong Kong property shares rally as Morgan Stanley feeds optimism

The bank raises its estimate for home price growth 12% this year from 10%, and expects another 5% in 2027

Former residents will be allowed to return to their flats for the first time from Apr 20 to May 4, with each household given a three-hour window to collect belongings.

Robotic legs help elderly Hong Kong fire survivors climb back for belongings

The complex’s apartment towers have 31 floors, making the climb difficult for many elderly former residents

S&P has reported that Hong Kong’s commercial property market is experiencing a very specific recovery.

Light at last for Hong Kong’s Central office market after seven-year slump

More Chinese firms are seeking to buy financial district offices as the city pushes to become a regional tech hub

Far East Consortium’s struggles come despite growing optimism over Hong Kong’s property sector, which had languished for years in a prolonged slump.

Hong Kong’s small builder debt woes mount despite property rally

This has put them on shakier ground than larger players in the sector