Hong Kong property

New Business

Hong Kong’s July used-home price index drops to an 8-year low amid tepid property market

The prices of lived-in homes fell 1.9 per cent in July from the previous month, dragging the official benchmark to…

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Sino Group reports 24.7% profit decline on slower home sales, higher revaluation losses

Sino Land’s profit declined by about a quarter in its financial year ending in June, as sales of homes and…

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Hong Kong is poised for 2,800 new flats as developers await rate cuts to unleash inventory

Fed chairman Jerome Powell gave the strongest hint of a reduction in rates, which are at a 23-year high, during…

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Chinese craft beer maker RichKat taps into Hong Kong’s frothy market

RichKat Craft Brewing, a Shenzhen-based beer brand, has opened two pubs in Hong Kong, a move that could benefit the…

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New Business

Heytea snaps up Mong Kok space as mainland Chinese brands step up Hong Kong expansion

Mainland Chinese brands have been the most aggressive non-local entrants into the Hong Kong retail market so far this year,…

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Hong Kong retail: K-pop, K-dramas usher in growing demand for Korean restaurants

These two restaurants are among a few Korean food and beverage (F&B) operators and retailers that have come to Hong…

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Hong Kong’s July home sales fall for the third month as supply glut defies discount war

Hong Kong’s home sales fell for the third consecutive month in July, declining by 3.5 per cent from the previous…

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Rents may soar amid Hong Kong’s property gloom as students, talent immigrants spur demand

Rents may soar to record levels this year in Hong Kong, as a fresh crop of incoming students and talent…

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Hong Kong grocery chain 759 Store freezes investments, reviews lease deals after losses

The operator of grocery chain 759 Store in Hong Kong is freezing major investment plans and reviewing tenancy agreements for…

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New Business

Mainland Chinese buyers’ first-half Hong Kong market share soars 10-fold as migrants pour in

In 1997, when homes in the city sold for an average of HK$7,808 (US$1,000) per square foot, mainlanders only accounted…

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