Krystal Chia

Eleven months after being seized by creditors, two adjacent mansions tied to China Evergrande Group’s founder Hui Ka Yan continue to seek buyers at big discounts.

A mansion in Hong Kong sold for HK$470 million ($60 million), in another sign that lower interest rates and new government measures are helping revive the luxury housing market in the Asian financial hub.

A mansion in Hong Kong’s Repulse Bay was sold for HK$160 million ($21 million), adding to a streak of distressed property disposals this year.

A mansion in Hong Kong sold for HK$470 million ($60 million), in another sign that lower interest rates and new government measures are helping revive the luxury housing market in the Asian financial hub.

Eleven months after being seized by creditors, two adjacent mansions tied to China Evergrande Group’s founder Hui Ka Yan continue to seek buyers at big discounts.

Hong Kong’s home sales uptick is expected to struggle with momentum due to the city’s weak economic outlook and elevated interest rates.

The biggest landlord in Hong Kong’s financial district is shifting its strategy to focus on commercial property management, a move that will eventually see the company set up real estate investment trusts with its properties.

Lack of regulations and a property slump are delaying green upgrades to buildings in one of the region’s top financial hubs.

A LACK of green offices is posing a fresh risk to Hong Kong's beleaguered property sector amid a slump that's already wiped billions of dollars from real estate values.

The yawning gap between Hong Kong’s homebuying and rental markets is likely to narrow as residential prices begin to recover.