Henderson Land Development has formally unveiled its new landmark project, Central Yards, situated on the New Central Harbourfront in Hong Kong. This ambitious, sustainable mixed-use development will feature over 1.6 million square feet of gross floor area. The project is a major component of the developer’s HK$63 billion harbourfront investment, secured via a record HK$50.8 billion land bid in 2021. The development is split into two phases, with the first scheduled to open in 2027.
The Securities and Futures Commission has launched a new REIT Channel and streamlined authorisation process to accelerate the approval of real estate investment trusts in Hong Kong. The initiative aims to enhance efficiency, improve transparency, and promote the city’s growth as a leading REIT and investment hub.
Despite a steep fall in property prices since 2020, Hong Kong has retained its status as the most expensive city in the world to buy a home, according to Deutsche Bank’s latest global survey. The report highlights how housing affordability remains a key challenge in leading financial hubs, as high prices continue to weigh on quality of life across cities such as Hong Kong, Zurich and Singapore.
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