Wan Chai

New Business

Ant Group executive pays US$10 million for Hong Kong villa, 35% lower than 2022 peak

Hong Kong’s luxury property market continues to witness heavily discounted sales, with buyers taking advantage of depressed prices. A four-bedroom,…

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New Business

Luxury frenzy: rich buyers keep scoring high-end Hong Kong homes at stunning discounts

Celebrities, tycoons and other wealthy investors have been snapping up luxury homes in Hong Kong on the cheap, as the…

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New Business

Chinese Estates CEO, sister sell retail shops in Hong Kong amid market stress

More investors are selling their investment properties in Hong Kong’s key business districts amid a prolonged slump in the commercial…

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New Business

Luckin Coffee’s entry into Hong Kong a sign of mainland Chinese brands’ growing dominance

Mainland Chinese brands are ramping up their presence in Hong Kong, using the city to test the waters before foraying…

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New Business

The Center skyscraper sale was a Hong Kong blockbuster, now buyers struggle to cash out

Inside The Center, a 73-storey skyscraper in Hong Kong’s bustling Central business district, indebted Chinese property developer Kaisa Group has…

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New Business

Hopewell, top landlord in Wan Chai, ventures into hotel in bet on tourism, conference demand

Hopewell Holdings, one of the largest commercial landlords in Wan Chai district, is banking on its new hotel venture to…

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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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