Post Mag

Betty Yuen So Siu-mai, a non-executive director of Hong Kong power company CLP Holdings, has sold a luxury flat at Mid-Levels, joining a growing number of prominent owners taking advantage of improved market sentiment to dispose of high-end properties. Yuen sold a 1,943 sq ft home on the 11th floor of Po Garden at 9 Brewin Path for HK$51 million (US$6.5 million) in a transaction...

Beijing’s latest efforts to tighten oversight of cross-border capital flows have sparked concerns that a reduction in mainland demand for Hong Kong homes could impact the city’s recovering property market. The debate follows a series of measures unveiled in recent weeks, including tighter scrutiny of unauthorised offshore brokers and guidelines issued to crack down on illegal cr...

Shanghai’s second-hand housing market picked up steam in May, with transaction activity accelerating significantly, while the city’s new home market has also seen robust sales. Industry experts believe Shanghai’s property sales volume and home prices will recover faster than most cities in China after the prolonged downturn of the country’s property market. “Among the four tier-...

CK Asset Holdings is releasing more ultra-luxury homes at its 21 Borrett Road project, which was previously linked to one of Hong Kong’s largest failed property transactions, betting that a resurgence in demand from wealthy buyers signals a turning point for the city’s high-end residential market. The developer on Tuesday released the second phase of the Mid-Levels Central proje...

Casa Hotel, a boutique hotel in Hong Kong’s Yau Ma Tei district, has ceased operations after nearly two decades, with market speculation suggesting the building has been leased to a student-housing operator after repeated attempts to sell it failed. A notice posted outside the three-star hotel said the property officially closed on May 31, thanking customers for their support ov...