New rule, which comes into effect in July, excludes the capital Lisbon and Porto from qualified destinations for property investments.

The British fashion house’s revenues came to US$936.7 million in the third quarter of its fiscal year, down by 5 per cent as some shops were forced to close amid restrictions to contain the deadly coronavirus.

Hong Kong seems to have fallen out of favour with global real estate investors, even as a greater number are either keeping or increasing their allocations for the Asia-Pacific region this year, various surveys have found.

Tencent-backed video-sharing app Kuaishou Technology said it was looking to expand its monetisation model and reverse losses, having won approval for a US$5 billion to US$6 billion initial public offering in Hong Kong.

New supermarket interiors are designed to be calming and welcoming for users, while employing measures to allow for social distancing, says design consultant.

Hong Kong mall operators are not sitting back in the face of the city’s fourth wave of coronavirus infections, and have come out with innovative ways to promote their tenants, particularly restaurants.

Melbourne-headquartered Victory closed its 25,000 sq ft space on the 76th floor of The Center last week.

Well-known Hong Kong retailers like Watsons and Sa Sa are aggressively expanding in the bay area, where the prestige of their brands makes them a hit with mainland consumers.

The worst may finally be over for Hong Kong retail property, with rents likely to pick up in 2021, according to JLL. For other analysts, the declines are likely to continue.

Canada’s plan to cool its red-hot property market by taxing phantom foreign homebuyers next year could upset the industry recovery and further erode international demand.

Online property portal Ohmyhome has entered the Philippines, where overseas remittances are fuelling sales of affordable and mid-priced flats in Manila.

A private-equity fund backed by Thailand’s Chiaravanont family, among others, is to acquire a residential development in Bangkok following the close of a maiden fund worth US$120 million.

The aviation and tourism sectors face a ‘deep, harsh winter’, says CEO of the low-cost carrier’s app, Karen Chan, though signs of recovery in some Asian markets offer hope.

With the segment recording 170 per cent growth in the last 10 years, top brands like Versace, Armani and Porsche have lent their names to exclusive projects.

The Japanese government has swiftly implemented measures to bolster Tokyo’s chances, sensing weakness in rival Hong Kong amid political turmoil.

The enthusiasm to buy follows a reiteration by the US Federal Reserve to keep the current loose monetary policy unchanged, maintaining the global flow of low interest rates to sustain a global economy battered by the coronavirus pandemic, translating to cheaper mortgages for homebuyers.

It is the second time this year the Swiss flexible workspace giant has swooped on a space vacated by its American rival as it bets on Hong Kong’s post-pandemic work norms.

Market observers say demand for residential property in Hai Phong remains limited for now, with Hanoi and Ho Chi Minh City attracting most of the investment.

Hong Kong’s beleaguered hotel industry is targeting the city’s nearly 2 million working women who had a disposable income of US$72 billion last year.

A huge surplus in some parts of Bangkok has seen Thai developers launch another campaign, the year’s fourth, to attract buyers amid the economic uncertainty.

Distress in the market is just starting to show, says the boss of Hong Kong-based Alta Capital Real Estate, as the accommodative stance of banks begins to waver.

The success of El Futuro, following the sell-out launch of New World Development’s Pavilia Farm in Tai Wai in the same district, underscores how only the newest projects are catching the eyes – and the chequebooks – of Hong Kong’s homebuyers, amid an oversupply of property expected in the fourth quarter.

Unique to Singapore, a collective sale is a sale of property that is under multiple ownership to a single buyer, who usually intends to redevelop the site.

Hongkongers continue to show a strong appetite for big-ticket purchases at New World’s Pavilia Farm project in Tai Wai. Rival developers are seizing the buoyant mood by raising their prices.

Rents in locations such as Tung Chung and Tsing Yi, where a large number of Cathay employees live, are seen declining by between 5 per cent and 10 per cent.

Founder Freddie Wong Kin-yip is offering to buy the rest of commercial agency Midland IC&I in a reorganisation to overcome an industry slump.

Hongkongers and mainland Chinese are among the most interested investors in Montenegro’s passport plan as the Balkan state prepares to join the European Union in 2025.

OfficeBlocks allows users to conduct due diligence and invest in Asia-Pacific commercial real estate by simply using a photo of the building.

Analysts are divided over the trajectory of Singapore’s private homes market, with some saying the rebound is unlikely to be sustained in the coming months.

Hotels and shopping centres are bearing the brunt of Hong Kong’s economic slump as the number of tourists in the city began to dwindle last year following the massive street protests that rocked Hong Kong, and further reduced by the Covid-19 pandemic that led to travel restrictions.