David Ren

David Ren

David Ren is an undergraduate from Hong Kong Baptist University. He majors in business and financial journalism with political science as a minor. He worked in Xinhua News Agency in 2021.

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Latest from David Ren

Nine out of 10 Hong Kong employees prefer working from home … but they may not have a choice, says PwC study

Eighty-nine per cent of Hong Kong employees polled said they would rather work remotely, while only 45 per cent actually have that choice.

Eighty-nine per cent of Hong Kong employees polled said they would rather work remotely, while only 45 per cent actually have that choice.

12 Aug 2022 - 7:47AM
Buyers shrug off rain and rising rates to snap up flats at Henderson’s One Innovale-Archway, Sun Hung Kai’s Novo Land

More than 24,000 potential buyers had registered to buy a total of 321 flats at Henderson Land’s One Innovale-Archway in Fanling and Sun Hung Kai Properties’ Novo Land in Tuen Mun.

More than 24,000 potential buyers had registered to buy a total of 321 flats at Henderson Land’s One Innovale-Archway in Fanling and Sun Hung Kai Properties’ Novo Land in Tuen Mun.

10 Aug 2022 - 7:43PM
China skyscraper plans teeter as new height rules further complicate high-concept projects for indebted developers

Plans for skyscrapers that would soar above Chinese cities may come back down to earth thanks to a new government-imposed height limit that complicates such projects for cash-strapped developers.

Plans for skyscrapers that would soar above Chinese cities may come back down to earth thanks to a new government-imposed height limit that complicates such projects for cash-strapped developers.

8 Aug 2022 - 6:30PM
Hong Kong buyers shun investment in Greater Bay Area homes amid uncertainty over project completions, border reopening

Hongkongers’ demand for homes in the Greater Bay Area slumped by as much as 80 per cent in the first half, according to Andy Lee, CEO of Centaline China.

Hongkongers’ demand for homes in the Greater Bay Area slumped by as much as 80 per cent in the first half, according to Andy Lee, CEO of Centaline China.

3 Aug 2022 - 9:30AM
Hong Kong should stop building Home Ownership Scheme flats, reallocate land for public rental houses, says JLL

Government should consider suspending construction of subsidised flats aimed at low to middle income households and reallocate the land to address a chronic shortage of public rental properties, says chairman of JLL Hong Kong.

Government should consider suspending construction of subsidised flats aimed at low to middle income households and reallocate the land to address a chronic shortage of public rental properties, says chairman of JLL Hong Kong.

3 Aug 2022 - 11:18AM
Hong Kong developers exercise caution in pricing new projects after housing transactions fall for second month amid rising interest rates

Property developers in Hong Kong will continue to price new projects competitively after the total value of housing transactions declined by a quarter in July amid an uptrend in the city’s interest-rate cycle.

Property developers in Hong Kong will continue to price new projects competitively after the total value of housing transactions declined by a quarter in July amid an uptrend in the city’s interest-rate cycle.

4 Aug 2022 - 10:16AM
Beijing to shake up housing market near elite schools with new education policy

Beijing’s plan to rotate teachers across schools in 16 districts in the capital will promote equality, and shake up the market for addresses around coveted elite schools, analysts say.

Beijing’s plan to rotate teachers across schools in 16 districts in the capital will promote equality, and shake up the market for addresses around coveted elite schools, analysts say.

27 Jul 2022 - 7:30AM
Soaring construction costs may discourage Hong Kong’s developers from bidding aggressively for land

Higher costs driven by a surge in materials prices are likely to make property developers more restrained when they are bidding for land, according to analysts.

Higher costs driven by a surge in materials prices are likely to make property developers more restrained when they are bidding for land, according to analysts.

26 Jul 2022 - 7:30AM
Banks, restaurants and cafes swoop in as Hong Kong’s retail rental index sinks to a 34-year low

As Hong Kong’s high street shop rents slump to the lowest point since early 1988, businesses are cashing in on the opportunity to set up in prime locations.

As Hong Kong’s high street shop rents slump to the lowest point since early 1988, businesses are cashing in on the opportunity to set up in prime locations.

19 Jul 2022 - 11:39AM
Covid-19 pandemic hits value of Hong Kong’s subsidised Home Ownership Scheme flats, study shows

Lived-in Home Ownership Scheme (HOS) flats lost 10 per cent of their value between January 2020 and May 2022, according to a new index compiled by Hong Kong Metropolitan University.

Lived-in Home Ownership Scheme (HOS) flats lost 10 per cent of their value between January 2020 and May 2022, according to a new index compiled by Hong Kong Metropolitan University.

12 Jul 2022 - 5:00PM
Home buyers snap up Sino Land’s Villa Garda flats in Lohas Park, enticed by 16 per cent discounts

The current batch of flats were priced between HK$17,106 and HK$21,346 per square foot after an average discount of 16 per cent, cheaper than other prices in the neighbourhood.

The current batch of flats were priced between HK$17,106 and HK$21,346 per square foot after an average discount of 16 per cent, cheaper than other prices in the neighbourhood.

8 Jul 2022 - 10:10AM
Rents near Hong Kong’s universities on the rise as more mainland Chinese students return amid easing coronavirus crisis

An increase in demand from mainland Chinese students as Hong Kong’s coronavirus crisis has eased has boosted the rents in housing estates close to universities, particularly in Kowloon Tong and Sha Tin, according to tenants, landlords and agents.

An increase in demand from mainland Chinese students as Hong Kong’s coronavirus crisis has eased has boosted the rents in housing estates close to universities, particularly in Kowloon Tong and Sha Tin, according to tenants, landlords and agents.

7 Jul 2022 - 8:30AM
Hong Kong’s premium office vacancy rate hits 19-year high of 12 per cent as more companies adopt work-from-home policies to counter downturn

The vacancy rate in Hong Kong’s premium office market climbed to 12 per cent in June, the highest since the third quarter of 2003, as a rising number of companies adopt flexible work arrangements and cost saving measures to cope with the economic downturn.

The vacancy rate in Hong Kong’s premium office market climbed to 12 per cent in June, the highest since the third quarter of 2003, as a rising number of companies adopt flexible work arrangements and cost saving measures to cope with the economic downturn.

8 Jul 2022 - 3:02PM
Shanghai’s home rental market suffers as owners struggle to replace tenants who fled town and displaced workers during lockdown crisis

Rents in Shanghai’s housing market weakened in June even after the end of lockdown. It will take time to replace the professionals who skipped town and workers who lost their jobs during the crisis.

Rents in Shanghai’s housing market weakened in June even after the end of lockdown. It will take time to replace the professionals who skipped town and workers who lost their jobs during the crisis.

6 Jul 2022 - 9:02AM
Tasty discounts: China property firms accept watermelon, garlic, peaches as partial payment for new homes amid housing slump

Restricted from cutting prices amid a slump, developers have cooked up a new way of delivering a discount. In one case a company offered to ‘pay’ up to five times the market rate for watermelons.

Restricted from cutting prices amid a slump, developers have cooked up a new way of delivering a discount. In one case a company offered to ‘pay’ up to five times the market rate for watermelons.

5 Jul 2022 - 8:30AM
Sun Hung Kai Properties, Sino Land invest in malls, luring shoppers with upgrades for pet lovers, kids, and NFT fans

Sun Hung Kai Properties’ New Town Plaza in Sha Tin and Sino Land’s Tmtplaza in Tuen Mun aim to give consumers who are now accustomed to e-commerce new reasons to visit.

Sun Hung Kai Properties’ New Town Plaza in Sha Tin and Sino Land’s Tmtplaza in Tuen Mun aim to give consumers who are now accustomed to e-commerce new reasons to visit.

29 Jun 2022 - 8:30AM
Evergrande: defaulted developer gets delisting reminder as restructuring, probe on US$2 billion deposits leave investors in the dark

Hong Kong’s stock exchange issued resumption guidance, asking the Chinese developer to update investors on debt restructuring, audited accounts and probe on lost deposits as conditions to end stock suspension.

Hong Kong’s stock exchange issued resumption guidance, asking the Chinese developer to update investors on debt restructuring, audited accounts and probe on lost deposits as conditions to end stock suspension.

21 Jun 2022 - 6:15PM
Kowloon may attract more Chinese firms as office-rental cost gap narrows between Greater Bay Area cities and Hong Kong

The average office rent fell nearly 10 per cent in May in Kowloon, leaving rents in parts of the district close to what they are in Shenzhen and Guangzhou.

The average office rent fell nearly 10 per cent in May in Kowloon, leaving rents in parts of the district close to what they are in Shenzhen and Guangzhou.

21 Jun 2022 - 9:50AM
Climate Change: Greater Bay Area holds the key to Hong Kong’s climate goals, delegates say at SCMP’s inaugural environmental summit

Guangdong province has ample land and offshore areas for the development of wind farms and nuclear power stations, experts said during SCMP’s inaugural Climate Change Hong Kong Summit.

Guangdong province has ample land and offshore areas for the development of wind farms and nuclear power stations, experts said during SCMP’s inaugural Climate Change Hong Kong Summit.

16 Jun 2022 - 9:29PM
Hong Kong slips one place to fourth most expensive city for luxury spending as hotel rates take a huge hit from pandemic, Julius Baer report finds

Hong Kong is the fourth most expensive city globally for luxury goods and services, a notch lower than last year, as a dearth of tourists crushed hotel room rates, Swiss private bank Julius Baer says.

Hong Kong is the fourth most expensive city globally for luxury goods and services, a notch lower than last year, as a dearth of tourists crushed hotel room rates, Swiss private bank Julius Baer says.

15 Jun 2022 - 4:12PM
Goldman sees end of selling in Chinese stocks, but CCB, Everbright say only volatility is assured

Goldman says that a historic rebound in Chinese stocks suggests the end of selling was near. Others see market volatility as the biggest hurdle to recovery.

Goldman says that a historic rebound in Chinese stocks suggests the end of selling was near. Others see market volatility as the biggest hurdle to recovery.

13 Jun 2022 - 8:31PM
Family offices’ investments in China expected to cool down amid regulatory crackdown, real estate stress, UBS survey finds

Family offices are cautious on China’s growth story and remain wary of committing more investments to the country in line with a UBS survey.

Family offices are cautious on China’s growth story and remain wary of committing more investments to the country in line with a UBS survey.

10 Jun 2022 - 11:47AM