The Peak

New Business

Late casino tycoon Fu Tak-iam’s family buys Hong Kong serviced flats for US$71 million

A company linked to the family of late Macau casino pioneer Fu Tak-iam bought a serviced-apartment property in Hong Kong’s…

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New Business

Returning expats fuel Hong Kong’s luxury rental rebound, Savills says

Hong Kong’s luxury residential rents are likely to climb another 3 to 5 per cent next year as growing numbers…

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New Business

Hong Kong tycoon Peter Law’s daughter buys US$46 million flat after record Peak mansion sale

The daughter of prominent Hong Kong businessman Peter Law Kin-sang has bought a luxury flat in Mid-Levels West following his…

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New Business

More affluent buyers to snap up luxury homes amid Hong Kong’s roaring stock market

More affluent buyers are likely to snap up luxury homes in Hong Kong in the coming months, according to agents,…

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New Business

Wharf posts first-half profit as Hong Kong luxury property market offsets mainland woes

Hong Kong developer Wharf (Holdings) swung to a profit in the first half, supported by lower borrowing costs and a…

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New Business

Hong Kong ultra-luxury homes: mainland Chinese buyers drive US$3 billion buying spree

Hong Kong’s super luxury property market has seen 35 transactions worth about HK$23 billion (US$2.93 billion) in the past 19…

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New Business

After selling homes on The Peak, low-key Ho Shung-pun family puts building on the block

The family of Ho Shung-pun, a low-key clan of real estate developers in Hong Kong, has put a commercial property…

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New Business

New World-led Deep Water Pavilia makes strong start, sells 17 flats for over HK$1 billion

The developers of a luxury residential project in Hong Kong’s Southern district pulled in more than HK$1 billion (US$128 million)…

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New Business

Henderson Land releases price list for Belgravia Place II housing project in Cheung Sha Wan

Henderson Land Development released a price list for a residential project in Cheung Sha Wan – its second in a…

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New Business

Hong Kong property: rich and famous lose billions as they succumb to slumping home values

Hong Kong elites lost billions in property deals in 2024, as wealthy individuals facing liquidity challenges in a high-interest rate…

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