Wuhan will allow local families to buy an additional home under a new incentive plan. Photo: AFP
China property

China property: Wuhan takes drastic measure to stop the rot in housing market

3 hours ago

Wuhan became the first top 10 mainland city by economic output to fully remove home ownership limits to help stop the rot in the property market. Beijing, Shanghai and Shenzhen are unlikely to follow suit, JLL says.

Wuhan will allow local families to buy an additional home under a new incentive plan. Photo: AFP

China property: Wuhan takes drastic measure to stop the rot in housing market

Wuhan became the first top 10 mainland city by economic output to fully remove home ownership limits to help stop the rot in the property market. Beijing, Shanghai and Shenzhen are unlikely to follow suit, JLL says.

3 hours ago

27,000 new homes to hit Hong Kong market this year

An increase in transactions and stabilising interest rates have developers expecting a return to normalcy after sales fell 41.3 per cent in 2022.

7 Feb 2023 - 2:21PM

Dalian Wanda returns to offshore markets with US$300 million bond sale

Dalian Wanda Commercial Management is poised to issue US$300 million of high-yield bonds, its second offering in the offshore debt market this year, according to people familiar with the matter.

6 Feb 2023 - 9:30PM
Potential buyers visited the sales office of Henderson Land-developed One Innovale at Mira Place in Tsim Sha Tsui on January 8, 2023. Photo: Edmond So

27,000 new homes to hit Hong Kong market this year

An increase in transactions and stabilising interest rates have developers expecting a return to normalcy after sales fell 41.3 per cent in 2022.

7 Feb 2023 - 2:21PM
Bonds

Dalian Wanda returns to offshore markets with US$300 million bond sale

Dalian Wanda Commercial Management is poised to issue US$300 million of high-yield bonds, its second offering in the offshore debt market this year, according to people familiar with the matter.

Dalian Wanda Commercial Management is poised to issue US$300 million of high-yield bonds, its second offering in the offshore debt market this year, according to people familiar with the matter.

6 Feb 2023 - 9:30PM
Hong Kong property

Hong Kong’s Kai Tak housing plan grounds high-flying expectations

Planned low-income housing in Kai Tak has concerned buyers of premium real estate about the government’s commitment to build a second business district.

Planned low-income housing in Kai Tak has concerned buyers of premium real estate about the government’s commitment to build a second business district.

6 Feb 2023 - 8:30AM

Shanghai malls attract new tenants chasing post-Covid ‘revenge spending’ spree

Owners of shopping malls in Shanghai can expect a rebound in occupancy rates as retail and catering brands step up to tap a wave of ‘revenge spending’ now China has abandoned its harsh Covid-19 pandemic curbs.

5 Feb 2023 - 3:15PM
Shanghai malls attract new tenants chasing post-Covid ‘revenge spending’ spree

Seller takes US$16.6 million loss on luxury Hong Kong home at The Peak

The four-bedroom home in the ultra-exclusive Mount Nicholson enclave sold in January for 25 per cent less than the owner paid in 2019, the latest in a series of money-losing sales in the slumping market.

3 Feb 2023 - 7:30PM
Seller takes US$16.6 million loss on luxury Hong Kong home at The Peak

Hong Kong’s Kai Tak housing plan grounds high-flying expectations

Planned low-income housing in Kai Tak has concerned buyers of premium real estate about the government’s commitment to build a second business district.

6 Feb 2023 - 8:30AM

Shanghai malls attract new tenants chasing post-Covid ‘revenge spending’ spree

Owners of shopping malls in Shanghai can expect a rebound in occupancy rates as retail and catering brands step up to tap a wave of ‘revenge spending’ now China has abandoned its harsh Covid-19 pandemic curbs.

5 Feb 2023 - 3:15PM

Seller takes US$16.6 million loss on luxury Hong Kong home at The Peak

The four-bedroom home in the ultra-exclusive Mount Nicholson enclave sold in January for 25 per cent less than the owner paid in 2019, the latest in a series of money-losing sales in the slumping market.

3 Feb 2023 - 7:30PM

Hongkongers snub new home sales in Yau Tong amid weakening real estate market

The Chill Residence development from Poly Property and L’Avenue International sold just 10 of 128 flats by Sunday afternoon.

The Chill Residence development from Poly Property and L’Avenue International sold just 10 of 128 flats by Sunday afternoon.

4 Dec 2022 - 8:56PM

Hong Kong home price forecasts too bearish, JP Morgan says

Predictions of a 30 per cent drop in Hong Kong home prices by the end of 2023, notably by Goldman Sachs, are too pessimistic, according to JP Morgan.

Predictions of a 30 per cent drop in Hong Kong home prices by the end of 2023, notably by Goldman Sachs, are too pessimistic, according to JP Morgan.

2 Dec 2022 - 10:54AM

Green buildings in Hong Kong command the highest rental premium in Asia: JLL

Grade A buildings in Hong Kong with green certification fetched rental premiums up to 28 per cent more because of limited supply, according to JLL’s Value of Sustainability report.

Grade A buildings in Hong Kong with green certification fetched rental premiums up to 28 per cent more because of limited supply, according to JLL’s Value of Sustainability report.

30 Nov 2022 - 7:30AM

Hongkongers snub new home sales in Yau Tong amid weakening real estate market

The Chill Residence development from Poly Property and L’Avenue International sold just 10 of 128 flats by Sunday afternoon.

The Chill Residence development from Poly Property and L’Avenue International sold just 10 of 128 flats by Sunday afternoon.

4 Dec 2022 - 8:56PM

Hong Kong home price forecasts too bearish, JP Morgan says

Predictions of a 30 per cent drop in Hong Kong home prices by the end of 2023, notably by Goldman Sachs, are too pessimistic, according to JP Morgan.

Predictions of a 30 per cent drop in Hong Kong home prices by the end of 2023, notably by Goldman Sachs, are too pessimistic, according to JP Morgan.

2 Dec 2022 - 10:54AM

Green buildings in Hong Kong command the highest rental premium in Asia: JLL

Grade A buildings in Hong Kong with green certification fetched rental premiums up to 28 per cent more because of limited supply, according to JLL’s Value of Sustainability report.

Grade A buildings in Hong Kong with green certification fetched rental premiums up to 28 per cent more because of limited supply, according to JLL’s Value of Sustainability report.

30 Nov 2022 - 7:30AM
Property | OPINION
Sentosa Golf Club in Singapore. The influx of wealthy expats, particularly from China, into Singapore has pushed the cost of membership to record levels. Photo: Handout

The View | Surging cost to join Sentosa Golf Club shows sway of Asian private wealth

The dramatic increase in the price of membership is indicative of Singapore’s emergence as an international wealth hub. If this is any guide, Asian private wealth is likely to become a more potent force in the region’s real estate market in the coming years.

23 Jan 2023 - 4:15PM

Opinion | Painful as it is, China must break its property-speculation habit

It will be impossible to wring speculation out of the sector without much lower prices and a significant increase in financial distress. But the longer the economy is dependent on an ever-rising property market, the higher the economic costs of reform.

It will be impossible to wring speculation out of the sector without much lower prices and a significant increase in financial distress. But the longer the economy is dependent on an ever-rising property market, the higher the economic costs of reform.

12 Jan 2023 - 8:15AM
Painful as it is, China must break its property-speculation habit

Opinion | In crowded, consumerist Hong Kong, can we build and live with less?

Building more efficiently would minimise waste and maximise space. And when we understand that the most essential things are not material goods taking up space, we can re-evaluate how much living area we really need.

Building more efficiently would minimise waste and maximise space. And when we understand that the most essential things are not material goods taking up space, we can re-evaluate how much living area we really need.

4 Dec 2022 - 8:15AM
In crowded, consumerist Hong Kong, can we build and live with less?

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