〈The Standard, Sept 20, 2025〉Hong Kong Olympic gold medalist fencer Edgar Cheung Ka-long has reportedly purchased a flat at St Martin in Pak Shek Kok for over HK$16 million.
The unit at the first phase of the project developed by Sun Hung Kai Properties (0016) was sold by tender on July 15 for HK$16.12 million, or HK$17,300 per square foot. The 932-sq-ft unit has three bedrooms and a utility room.
The buyer registered the purchase under the name Cheung Ka-long, identical in both Chinese and English to Hong Kong’s ‘Fencing God,’ local media reported, citing Land Registry records.
〈Hong Kong Business, Sept 19, 2025〉Property and real estate experts have broadly welcomed the government’s decision to expand the “Hostel in the City” scheme to cover both development and redevelopment projects.
Experts said it could help ease pressure on Hong Kong’s student housing market and make better use of underperforming commercial space, though some cautioned that current market conditions may limit investor appetite.
Kathy Lee, Head of Research and Retail Consultancy at Colliers, noted the move could also unlock underutilised Grade B and C office space, supporting urban regeneration and revitalisation.
〈Asian Post, Sept 18, 2025〉Developers and consultants have welcomed the Hong Kong government’s renewed focus on the Northern Metropolis but cautioned that high construction costs, unclear timelines, and policy uncertainty could deter investment despite the area’s long-term potential.
Wing Law, Asia CEO at AtkinsRéalis, said new transport links like the Kwu Tung and Hung Shui Kiu stations and the Northern Link, due between 2027 and 2034, will form the “backbone” of the development, strengthening connectivity and integration with the Greater Bay Area.
Global consultancy firm Arup called the Northern Metropolis a “cornerstone of Hong Kong’s future” and backed its shift toward innovation, climate resilience and cross-sector collaboration, while highlighting the need to align emerging low-altitude economy plans with infrastructure and regulation.
〈Hong Kong Business, Sept 17, 2025〉Industry leaders have broadly welcomed the government’s plan to establish a “GoGlobal Task Force” to attract mainland Chinese enterprises to use Hong Kong as a platform for overseas expansion.
They said the move could spur demand for office space and logistics facilities, though some noted the impact will depend on follow-through and supporting measures.
Fiona Ngan, Colliers’ Head of Occupier Services, said this would likely increase office demand, particularly in Central and Sheung Wan where mainland firms are traditionally concentrated, and inject new momentum into Hong Kong’s commercial property market.
〈RTHK News, Sept 16, 2025〉Financial Secretary Paul Chan says he hopes a novel approach that allows developers to pay land premiums in a more flexible way based on what they will build can help speed up development.
Under the "pay for what you build" proposal, developers do not have to pay premiums based on the maximum floor area permitted for the site.
The approach will, as unveiled in the Policy Address this week, be adopted for the Northern Metropolis development.
Speaking on RTHK on Friday, Chan said the traditional approach required developers to pay the premium in one lump sum upfront.
