Hong Kong property

New Business

New World loses more market value as developer strives to contain debt crisis

New World Development (NWD) can’t seem to catch a break. Two rounds of top management shake-up to tackle its debt…

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New Business

More Hong Kong shops to close as retail habits change, shopping shifts online

With the shopping habits of both Hongkongers and visitors to the city going through a sea change, more brands and…

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New Business

Mystery big spender snaps up 26 Hong Kong flats for HK$150 million in 1-day shopping spree

A mystery buyer splurged HK$150 million (US$19.3 million) to snap up 26 new flats in Hong Kong’s Kai Tak district…

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Hong Kong home prices: up or down? Experts weigh in with their forecasts for 2025

The outlook for Hong Kong’s residential market is divided among analysts, with one consultancy forecasting prices to fall amid oversupply…

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Chow Yun-fat, hard as nails in movies, cuts home price by 14% as he succumbs to market dip

Even the actor famed for playing tough-as-nails characters in Hong Kong classics like The Killer and Hard Boiled is taking…

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Hong Kong hoteliers brace for ‘worrying’ trends as lodging tax, US trade war dent tourism

Hong Kong’s hotel industry is likely to face more headwinds next year. A new lodging tax and heightened geopolitical tensions…

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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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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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