〈The Standard, Apr 18, 2026〉The Pavilia Farm III in Tai Wai, co-developed by New World Development (0017) and MTR Corporation (0066), recorded the highest transaction price on Friday, with the total selling price of standard three-bedroom units at HK$24.67 million.
Its price per square foot also set a record at HK$30,007. Its 998 sq ft four-bedroom unit, which also recorded the highest price per sq ft among similar units at HK$30,350. The project closed registrations for three- and four-bedroom units on Friday, selling 81 units for around HK$2 billion. Source URL : Pavilia Farm III’s three-bedroom unit sold at a record $24.67 million high.
〈The Standard, Apr 18, 2026〉Jardine Matheson is reportedly in discussions with CK Hutchison Holdings over a potential acquisition of supermarket chain PARKnSHOP, with plans to merge the business with Wellcome, according to the Financial Times. Citing four people familiar with the matter, the report said negotiations between the two conglomerates have been ongoing for some time, though details of any proposed valuation have not been disclosed.
Wellcome is wholly owned by DFI Retail Group, which operates under the Jardine group. A potential merger would bring together two of Hong Kong’s largest supermarket operators, raising the prospect of a major shift in the city’s retail landscape.
〈Hong Kong Business, Apr 16, 2026〉Vacancy in Hong Kong Island’s premium Central Grade-A offices is falling from its 2024 peak, whilst rental gaps between core and non-core districts remain wide, according to Knight Frank.
It said the market is splitting in 2026 as demand concentrates in premium Central and select West Kowloon assets, whilst outer districts face weaker rental performance due to higher supply.
More than 50% of new leases in 2025 were completed in Central. Vacancy in premium Central has begun to decline, whilst Traditional Central and non-core districts remain higher. Premium Central rental versus Traditional Central fell from $50 per sq ft in 2018 to $29 in 2025.
〈Asian Post, Apr 15, 2026〉HongKong’s property market showed stabilisation in the first quarter of 2026, with improved sentiment in selected sectors supported by lower borrowing costs and a modest recovery in investment activity, according to market reports from CBRE HK and Colliers.
CBRE Hong Kong said the market demonstrated resilience in the first quarter (Q1) of 2026, with improving financial market conditions and increased professional investor participation contributing to a more constructive outlook.
Colliers said improving trade conditions and easing borrowing costs helped temper downside risks, although geopolitical tensions and conflicts in the Middle East continued to weigh on sentiment.
