Hong Kong is easing cross-border requirements for visiting yachts as the government accelerates efforts to position the city as an Asian hub for marine leisure and tourism. The Maritime Department has introduced three measures that simplify approval procedures and speed up customs and immigration handling for foreign-registered pleasure craft, targeting yacht owners in the Guangdong-Hong Kong-Macao Greater Bay Area and beyond.

At the core of the revamp is an upgraded electronic business system that went live on the day of the announcement. Owners or captains of visiting yachts can now open personal accounts directly on the platform, without going through a local agent. They can file vessel, crew and passenger information in advance for pre-clearance by relevant departments and complete customs procedures and payments online, in what officials describe as a one-stop digital process.

The Maritime Department is also relaxing berthing requirements that previously obliged visiting yachts to secure a berth at a privately operated marina or pier before entering Hong Kong. A new dynamic monitoring system allows eligible yachts equipped with an automatic identification system and very high frequency radio to navigate freely and anchor within designated areas, provided operations remain safe and orderly. Five anchorages for visiting yachts have been set aside at Stanley Bay, Tai Tam Bay, Repulse Bay, Kei Ling Ha in Sai Kung, and Tai O.

To make it easier for captains from mainland China to meet local qualification standards, Hong Kong has authorized relevant mainland institutions to run examinations on Hong Kong waters knowledge and approved seven training providers to offer recognized courses. The first cohort of mainland captains passed exams or completed training in mid-month, and authorities say they plan to extend the arrangement to overseas locations in due course. The government and the Maritime Department will monitor how the new regime operates and adjust it as needed, while pledging to work closely with mainland counterparts and the tourism industry to foster what they describe as a healthy, sustainable and competitive environment for Hong Kong’s yacht economy.

Hong Kong home prices notched their strongest half-year performance in eight years, with a widely watched index breaking above the 160 mark and approaching a near three-year high. The latest reading of the Centa-City Leading Index (CCL), which tracks secondary residential prices, climbed 0.52% week-on-week to 160.77, marking a fifth consecutive weekly gain and a cumulative rise of 2.11% over that period. The level is the highest since early September 2023, or 147 weeks.

Measured over the first six months of the year, the CCL advanced 11.56%, the biggest half-year increase since a 13.2% jump in the first half of 2018. The gain sharply outstripped the 4.7% rise recorded for the whole of 2025, exceeding that full-year performance by 6.86 percentage points. Centaline Property’s research department attributes the turnaround to a decline in HIBOR from May 2025 and two rounds of local bank rate cuts last year, which together helped prices bottom out and reverse course. From the low of 135.16 points when H‑rate mortgages again fell below their cap in May last year, the CCL has now risen 18.95%; compared with the 134.89 level before the March 2025 budget, it is up 19.19%. The index is now 18.34% above its level before the first rate cut in September 2024, and its gap from the historic peak of 191.34 in August 2021 has narrowed to 15.98%.

The latest advance has been broad-based across market segments. The CCL Mass, covering large housing estates, rose 0.43% week-on-week to 162.19, extending its climb for a third week and accumulating a 1.60% gain to the highest level since late August 2023. The sub-index for small and medium-sized units rose 0.50% to 160.78, also up for three straight weeks and 1.62% higher over that stretch, while the large-unit index gained 0.61% to 160.71, its fourth weekly rise in a row and a 3.64% gain over that period. On a half-year basis, all eight major price indices increased, with six of them advancing more than 10%. The overall CCL was up 11.56%, CCL Mass 11.72%, small and medium units 11.56% and large units 11.53%.

By district, Hong Kong Island outperformed the rest of the city by a wide margin, underscoring a pronounced “luxury effect” in the current upcycle. The Island’s mass-housing index climbed 1.41% in the latest week to 164.11, its third straight weekly gain and a 3.78% advance over that period, reaching a 149-week high dating back to mid-August 2023. Over the first half, Island prices surged 17.09%, compared with gains of 11.33% in Kowloon, 8.71% in New Territories East and 9.17% in New Territories West. In the latest week, New Territories West rose 0.39% to 144.9, a high not seen since early October 2023, while New Territories East edged up 0.15% to 172.43, near its early-September 2023 peak. Kowloon slipped 0.1% to 161.13 but remained at its second-highest level since early July 2023.

Despite the sharp rebound in prices, Centaline’s research team expects the pace of appreciation to moderate in the coming months. They cite a pullback in Hong Kong equities, a slower launch pipeline for new developments, more hardline pricing stances among second-hand sellers and a visible drop in transaction volumes, alongside the possibility of US rate hikes, as factors likely to cap further gains. The firm is targeting 165 points for the CCL in the third quarter, implying a further rise of 4.23 points, or about 2.63%, from current levels.