Hong Kong property

New Business

‘Survival of the fittest’: landlords give discounts to Five Guys, others amid retail slump

And with additional headwinds expected in 2025, they said, brands with international appeal or unique selling points are driving new…

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New Business

Hong Kong property deals hit 7-month high, but December slowdown looms

Property transactions in Hong Kong rose to a seven-month high in November, though they are likely cool this month as…

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New Business

Hong Kong property: Agile chairman Chen Zhuolin loses US$16 million in distress sale

Chen Zhuolin, the chairman of distressed mainland Chinese developer Agile Group, has sold all nine units he owned in a…

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New Business

Rival art houses Christie’s, Sotheby’s show off flashy new Hong Kong showrooms

Despite a slowdown in the global art market, auction house rivals Christie’s and Sotheby’s upgraded their commercial showrooms in Hong…

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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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New Business

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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New Business

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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