Hong Kong property

Hong Kong property

Latest news and analysis about Hong Kong’s property industry, including sales, market outlook, policies, products and the performance of developers.

China’s rich are worried about the future of Hong Kong
Wealthy investors from mainland China are watching developments in Hong Kong with growing concern, as tensions between Beijing and Washington over a new national security law raise questions about the future of the city. While anti-government protests have hurt Hong Kong’s reputation as an orderly financial hub, well-off investors in the mainland are still attracted to the city’s unique privileges within China.  Unlike mainland China, Hong Kong has unrestricted capital flows, an uncensored internet and rule of law upheld by an independent judiciary. The freedoms have allowed affluent investors to park money in the city and access the outside world. But China’s decision to move ahead with a
Saving Hong Kong: Start by ending collusion with tycoons
Hong Kong must reform its economic policy to restore social calm. While political issues are important and should be addressed, economics is critical to any lasting peace. The essence of Hong Kong’s current economic policy, which is billed as a laissez-faire nirvana, is a regressive tax in the form of high land prices. It strangles the middle class. When economic growth is fast, it obscures the negative impact of the policy. But prolonged slow growth exposes the corrosive effect the policy has on wealth equality and labor income. As young people’s aspirations are extinguished, a social explosion is inevitable. Chief Executive Carrie Lam’s policy address, while delivered under difficult circu
Hong Kong’s $969,000 parking spot
The most expensive parking space in the world was just sold in Hong Kong for $969,000.  The 134.5 square foot spot is located in The Center, an office building in Hong Kong’s financial district.  In the video, we visit the building to see what the luxury parking spot looks like.
Why ties between Beijing and Hong Kong’s property bosses are unraveling
As far back as the early 1980s, when talks with Britain over Hong Kong’s future began, the city’s property tycoons were Beijing’s main political allies.  As the handover in 1997 neared, Beijing’s main preoccupation was to ensure Hong Kong’s continued stability. That meant retaining the confidence of the business community. “Winning the support of major property developers was its top priority,” said Anthony Cheung Bing-leung, former secretary for transport and housing. But two decades later, the relationship is coming under strain. If Beijing once looked to the property tycoons to help keep Hong Kong stable, it now appears to believe that they have failed to deliver. There are signs that the
Hong Kong hotels and airlines ask the government for help
Hong Kong hotels and airlines have appealed for government support in order to survive a downturn caused by the city’s pro-democracy protests.  The ongoing protests, which have seen violent clashes between protesters and police, have stopped many tourists from coming to the city. Airlines have struggled to fill up their planes while hotels have seen a steep decline in occupancy rates.  One hotel even offered a rate as low as $9 a night on weekdays.  The monthly rate at the three-star Winland 800 Hotel, which comes with sea views, breakfast and wireless internet, is now $760 for 30 nights. That’s cheaper than renting a cramped apartment in Hong Kong.  Hotel operators have asked the governmen