Mike Cai Wensheng, the co-founder and chairman of Chinese selfie app Meitu, bought a 53,000 square foot commercial building in Hong Kong for HK$650 million (US$84 million), with plans to turn the …
Hong Kong Property Investors Take a Wait-and-See Approach Due to U.S. Tariffs
The looming threat of President Trump’s China tariffs in the first quarter of 2025, coupled with Hong Kong’s strong economic ties to China, contributed to a decline in commercial rents and capital val …
US blacklist on China is riddled with errors, outdated details
Doris Au, a seller of door locks and hardware in Hong Kong for 25 years, received a letter from her bank, DBS Group, last June stating that her business account would be closed. The bank gave little explanation but subsequently froze the account,
China’s Ant Group forays into brokerage business with $362 million Bright Smart buy
China’s Ant Group is buying a controlling stake in Hong Kong-based brokerage Bright Smart Securities & Commodities Group for about $362 million, marking the fintech firm’s first acquisition of a …
Property stocks rise: Hongkong Land pops on $1.1b asset sale; CDL up despite board tensions
Hongkong Land will be selling part of its landmark 50-storey One Exchange Square in Hong Kong. Read more at straitstimes.com. Read more at straitstimes.com.
SHKP’s Sierra Sea flats sell out as investors boost mood in Hong Kong’s real estate market
Sun Hung Kai Properties sold all 318 flats in the first batch of its Sierra Sea project in the New Territories.
Hong Kong Property Giant恒地Mourns the Passing of Founding Chairman李兆基：Details of Funeral Arrangements Revealed
The passing of 恒基地產(00012.HK) founder 李兆基 has marked the end of an era in Hong Kong’s real estate industry. The renowned businessman, who played a pivotal role in shaping the city’s skyline, passed …
Hongkong Land to sell 147,025 sq ft of One Exchange to HKEX, launch share buyback programme
SINGAPORE] Property group Hongkong Land will sell 147,025 square feet (sq ft) of One Exchange Square to Hong Kong’s stock exchange operator for HK$6.3 billion (S$1.1 billion) and launch a share …
Trump trade war, pressure on yuan could hurt Hong Kong housing demand: think tank
The US-China trade war and its pressure on the weakening yuan may impair Hong Kong’s private housing demand and market sentiment, even as the city expects a stable supply in the coming decade, a local …
Hong Kong retail slump claims another victim as Thai dessert shop deserts
“Farewell! Thank you for your support since January 2022,” the company said in a social media post on Tuesday. “Our last day in Hong Kong will be April …