A Ministry of Commerce circular indicates that the power to approve foreign invested real estate projects has been delegated to the provincial level. The new approach is intended to raise the efficiency of the application process.

The OECD announced in December that 26 countries and jurisdictions had agreed to implement a new international framework for the automatic exchange of information on overseas real estate, marking a significant expansion of automatic reporting beyond financial accounts and crypto assets to immovable property holdings.

It's been almost a year since the world's largest property developer made global headlines on its default which triggered a number of other major developers to follow in its path.

Private equity funds have shown a strong appetite for real estate investment in Hong Kong and Mainland China.

Over the past few years, there has been an increasing number of lawsuits in the United States where hotel owners have resorted to ousting their operators in the middle of the night.

At Mayer Brown, Real Estate Markets is a core practice, where we provide local knowledge and insights from established teams on the ground.

Private Equity Real Estate (PERE) is an increasingly prominent part of the real estate market in Hong Kong and Mainland China and is challenging the traditional dominance of developers

In the budget, the Financial Secretary stated that Hong Kong is experiencing a continued upturn in the economy and demand for residential and commercial properties has increased, exerting upward pressure on both property pricesand rent.

Despite the soaring prices of Hong Kong's PERE transactions, recent reports point to even more PERE activity going forward.

With a rising property market over the last 10 years in Hong Kong, valuation surveyors have experienced relatively few claims.

Prospective buyers of new apartment developments in Hong Kong are often misled by artists’ impressions of grand clubhouses, photos of unobstructed sea views or lush greeneries appearing in sales brochures even though the development sites are actually located near public residential housing, landfill sites or sewage treatment plants.

Hong Kong's Chief Executive announced in her 2020 Policy Address on 25 November 2020 that the double ad valorem stamp duty (DSD)

In June 2003, the Supreme People's Court issued a new Judicial Interpretation regarding the law on contractual disputes over the sale and purchase of private housing in the PRC.

New laws that will come into effect on 11 December 2004 will significantly liberalise foreign participation in retail and wholesale activities in China. The new measures will significantly relax the requirements for establishing foreign invested enterprises ("FIEs") in wholesale, retail and related sectors, partially remove geographic restrictions and simplify approval procedures.

The comments from the Hong Kong Institute of Surveyors (HKIS) on the Consultation Paper on Adverse Possession, released by the Law Reform Commission, are summarised as follows...

The second and third reading of the Construction Industry Security of Payment Bill concluded at the Legislative Council on 18 December 2024.

At Mayer Brown, Real Estate Markets is a core practice, where we provide local knowledge and insights from established teams on the ground.

The Buildings Energy Efficiency Ordinance (Cap. 610) (BEEO) came into effect on 21 September 2012.

The Inland Revenue Ordinance ("IRO") generally prohibits any deduction in respect of any expenditure of a capital nature for the purpose of computing assessable profits. As a result, the costs of acquiring land upon which a commercial or industrial building is erected is non-deductible.