Hong Kong: the RVD price and rental indices, Land Registry volumes, primary sales, and the office and retail market.
Singapore-listed UOL Group has walked away from discussions to buy the Hyatt Regency Hong Kong Tsim Sha Tsui from New World Development and the Abu Dhabi Investment Authority (ADIA), according to market sources. The deal, valued at HK$3 billion (S$382 million), would have been Hong Kong's biggest hotel purchase this year. It was said to have been in due diligence in late September but stalled last month. Brokers are now showing the 381-key property at 18 Hanoi Road to alternative buyers. The 22-storey hotel opened in 2009 inside a mixed-use tower that also houses the K11 Art Mall and The Masterpiece luxury residences, a two-minute walk from East Tsim Sha Tsui MTR station.
Receivers acting for Bank of Communications (Hong Kong) have agreed to sell three commercial podium floors at Harbourfront Landmark in Hung Hom for HK$323 million. The price is less than half the HK$661.3 million of debt linked to the floors, which Schroders Real Estate defaulted on, and represents
Hong Kong housing secretary Winnie Ho has resigned over a fire at the Wang Fuk Court residential complex in Tai Po that killed 168 people in November 2025. Chief Executive John Lee apologised and announced reforms, including the axing of the Housing Bureau's Independent Checking Unit.
Hong Kong's Grade A office vacancy rate dropped to 12.4 per cent in September, the lowest since May 2023, driven by a fifth straight monthly decline in Central and Tsim Sha Tsui. Average citywide rents rose 0.7 per cent month on month, with Central leading at a 1.6 per cent increase, while Kowloon E
A consortium led by Gaw Capital is seeking to refinance a HK$14.4 billion (US$1.8 billion) loan secured by 16 Hong Kong shopping centres, aiming for cheaper borrowing costs on a possible new three-year facility. The existing loan, arranged in 2024 by UOB, ANZ and Standard Chartered, covers assets bo
A ground-floor shop at Arbuthnot House in Hong Kong's central district has changed hands for HK$21.4 million (US$2.73 million), with the buyer linked to the heir of underwear maker Triumph International. The seller, Hip Shing Hong, held the property for 55 years, booking a nearly 22-fold gain.
Kerry Properties has won a HK$4.31 billion government residential site in Ho Man Tin, Kowloon, with plans for two 25-storey luxury towers. The bid, at HK$20,738 per square foot, marks Kowloon's highest residential land rate in nearly five years.
Hong Kong-listed developer New World Development, controlled by the billionaire Cheng family, will surrender the 11 SKIES shopping mall project to the Hong Kong Airport on 1 Apr 2027. The termination triggered a net loss of HK$18.3 billion, including HK$14.7 billion in impairment losses and HK$2.3 b
Macau casino billionaire Lo Yuk Sui has sold a house at Royal Castle on Pik Sha Road in Hong Kong's Sai Kung area for HK$69.2 million (S$12.3 million). The 210 sq m property, purchased in 2012 for HK$68.8 million, yielded a profit of HK$1.2 million after 14 years.
HSBC has bought HK$11 billion (US$1.4 billion) in loans from wholly owned subsidiary Hang Seng Bank to strengthen the unit's balance sheet amid property-related bad debts. The transfer, conducted on arm's length terms in the first half of the year, helped cut Hang Seng's impaired loan ratio to 4.6 p
CapitaLand Investment plans to acquire the 550-room Ibis Hong Kong Central & Sheung Wan hotel for about HKD2.3 billion and convert it into student accommodation. The deal is among HKD8.2 billion in hotel transactions this year, with many properties being repurposed as Hong Kong faces a shortage of o
Singapore-listed UOL, part of the Wee family's business empire, is in discussions to acquire the combined 100 per cent stake held by New World Development and the Abu Dhabi Investment Authority in the Hyatt Regency Hong Kong, Tsim Sha Tsui. The deal, valued at HK$382 million (S$66 million), would se
CK Asset Holdings has leased three floors totalling 51,762 sq ft to Susquehanna International Group in Cheung Kong Center II, pushing occupancy to about 70%. The deal adds to Hong Kong’s Central office rebound, with vacancy falling to 10% in August.
Hong Kong is demolishing villages, wetlands and farmland across an area roughly a third of its territory to build the Northern Metropolis, a US$28.6 billion high-tech hub. The project aims to house 2.5 million residents and create 650,000 jobs, but critics warn of severe environmental and social cos
Midland Realty expects Hong Kong’s residential property prices to grow 15% this year, driven by improving market sentiment and the possibility that local banks may not fully match US interest rate increases. First-hand transactions rebounded in August, and developers are expected to accelerate new p
Hong Kong Exchanges & Clearing, the Hong Kong Monetary Authority, the Dubai Financial Services Authority and Nasdaq Dubai have formed a strategic working group to deepen financial connectivity between the two regions. The group will focus on sustainable finance, Islamic finance, innovation, capital
Hong Kong's Buildings Department has filed 259 charges against two companies and four individuals over defective repair works at Wang Fuk Court in Tai Po, where a fire killed 168 people in November 2025. The charges include permitting the use of non-fire-retardant materials and failing to properly s
Gaw Capital Partners has obtained a HK$4.3 billion ($548.3 million) three-year loan refinancing backed by its Regent Hong Kong hotel in Tsim Sha Tsui. Lender commitments exceeded the target, with 13 lenders including nine banks joining during syndication.
Philippine fast food giant Jollibee Foods Corp plans to spin off and list its international operations on the Hong Kong Stock Exchange, reversing an earlier plan for a US listing. The group cited its existing presence in Asia and access to global investors as reasons for choosing Hong Kong.
China Merchants Commercial REIT has teamed up with a BentallGreenOak-backed fund to acquire The Quad, a 205-bed student hostel in Hung Hom, for HK$528.5 million, reflecting a 40 per cent discount from the original owner's total investment cost of HK$880 million. The deal marks the REIT's second stud
HKEX will allow short selling of Shein shares and launch weekly and monthly options and derivative warrants from the fast-fashion retailer's trading debut on 1 Sep. The exchange also notified warrant issuers they may list warrants on Shein shares when trading begins.
A joint bid led by JD.com, Sino Land and four mainland developers won a tender for an integrated residential and tech park project in Hong Kong's Northern Metropolis. The HK$16.8 billion development includes over 3,000 residential units and a tech park with 50,950 sqm of floor area.
Alibaba has officially rolled out its Wan3.0 AI video-generation model, capable of creating 30-second videos from documents and presentations. The launch follows a HK$10 billion share placement, the largest-ever primary follow-on offering by a Hong Kong-listed company, as the Chinese tech giant ramp
Fast-fashion retailer Shein began book building for a Hong Kong IPO on Monday, aiming to raise up to HK$13.86 billion ($1.77 billion) at a valuation of up to $26.81 billion. The company is offering 280 million shares at HK$47.60 to HK$49.50 each, with pricing set for 31 August and trading starting 1
The All Classes price index rose 0.3 per cent month on month to 323.2, its highest level in the past 12 months. Rental indices also reached 12-month peaks across all classes, with the All Classes rental index up 0.9 per cent month on month to 205.8.