〈The Standard, Aug 29, 2026〉 Former chairman of Beijing Hiconics Liu Jincheng sold his Mount Nicholson detached house on the Peak for HK$470 million, or HK$58,385 per square foot, setting a new low for detached houses in the project.
The property spans 8,050 sq ft, plus a garden of 4,181 sq ft and a courtyard of 1,622 sq ft. Data shows that Liu bought the property in July 2017 for HK$645 million, at which time the transaction price per sq ft reached HK$80,124. He sold the property at a depreciation of HK$175 million, or 27 percent, after holding the property for nine years.
〈Asian Post, Aug 28, 2026〉Hong Kong retained the top position in the Asian Cities Internationality Index 2026, scoring 74.6 out of 100 and placing ahead of Singapore at 72.6.
The Hong Kong General Chamber of Commerce (HKGCC), which launched the second edition of the index on 27 August, commissioned independent research firm Ipsos to assess Asian cities on their ability to engage with global markets and operate as international hubs.
〈The Standard, Aug 27, 2026〉 Hong Kong private home prices fell in July, snapping a 13-month rising streak, but rents hit yet another record, official data showed on Thursday.
Home prices dropped nearly 0.5 percent month-on-month last month in their first decline since April 2025, data from the Rating and Valuation Department showed. In July, prices of small and medium-sized flats dipped by 0.5 percent while bigger flats slid at a slower pace by 0.3 percent in the month.
〈Asian Post, Aug 26, 2026〉 Two sea-view office offerings at Wing On Plaza in Tsim Sha Tsui East have been put up for sale for a combined indicative price of $116m.
Unit 305 on the third floor is priced at $28m with a gross floor area (GFA) of about 1,749 sq ft, accordingly to CBRE,the properties’ sole sales agent.
Units 811 to 814 on the eighth floor have a combined GFA of about 5,544 sq ft and an indicative price of $88m.
Derek Li, senior manager of capital markets at CBRE Hong Kong, said the indicative prices work out to about $15,800 to $16,000 per sq ft.
〈RTHK News, Aug 25, 2026〉 US Federal Reserve chairman Kevin Warsh said on Friday that inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he had sent previously about his economic outlook.
In his first high-profile speech at the Fed’s annual conference at Jackson Hole, Wyoming, Warsh acknowledged that recent US data show inflation has cooled a bit, but “they do not tell me that underlying trends have meaningfully improved”.
