Sino-Ocean warns of hefty losses for 2023 with no turnaround in China home sales
Debt-stricken Sino-Ocean warns losses in 2023 could widen by as much as 21 per cent to 23 billion yuan (US$3.2 billion) as home sales plunged, margins narrowed and provision for asset impairment increased.
What next for Evergrande’s Hui Ka-yan after China slaps penalty and market ban
Evergrande, which has the dubious honour of being the world’s most indebted developer with US$332 billion of liabilities, stands accused of inflating its revenue by 564 billion yuan (US$78 billion) preceding its collapse.
Evergrande, which has the dubious honour of being the world’s most indebted developer with US$332 billion of liabilities, stands accused of inflating its revenue by 564 billion yuan (US$78 billion) preceding its collapse.
China property: rate of decline in investment slows, official statistics show
In January and February, property investment declined 9 per cent year on year, slightly slower than the drop in 2023, according to official statistics.
In January and February, property investment declined 9 per cent year on year, slightly slower than the drop in 2023, according to official statistics.
exclusive | Gaw Capital bets on Vietnam, Mexico and US opportunities to offset China woes
Gaw Capital Partners, one of Hong Kong’s biggest real estate private-fund management firms, is focusing on logistics in Vietnam and Mexico, as well as the AI sector bailing out distressed office assets in the US, amid challenges to an economic recovery in mainland China.
Gaw Capital Partners, one of Hong Kong’s biggest real estate private-fund management firms, is focusing on logistics in Vietnam and Mexico, as well as the AI sector bailing out distressed office assets in the US, amid challenges to an economic recovery in mainland China.
Japanese firms make the most of Hong Kong’s low rents, snap up retail spaces
Over the past two years, Japanese businesses have been the most active among foreign firms in terms of leasing retail spaces in Hong Kong, according to data compiled by JLL.
Over the past two years, Japanese businesses have been the most active among foreign firms in terms of leasing retail spaces in Hong Kong, according to data compiled by JLL.