Bondi Beach in Sydney, where one Chinese investor was forced to sell when their Australian bank account ran dry. Photo: Bloomberg

Why Chinese investors are struggling to hold on to their overseas properties

Chinese investors who have borrowed from the bank to buy a house abroad are facing a double-whammy as they contend with an economic slowdown at home and surging interest rates across the globe that are hampering their ability to pay for their purchases, according to analysts.

25 Feb 2024 - 10:00AM

Sleeping pod, glamping start-up backed by Li Ka-shing eyes Japan, US markets

Bobobox, Indonesia’s largest outdoor accommodation operator, is looking to expand into either Japan or the US this year, as it seeks to deploy its sleeping pods and cabins in two of the world’s most developed lodging markets, according to its president.

Bobobox, Indonesia’s largest outdoor accommodation operator, is looking to expand into either Japan or the US this year, as it seeks to deploy its sleeping pods and cabins in two of the world’s most developed lodging markets, according to its president.

11 Feb 2024 - 11:30AM

Hong Kong, Singapore prime property prices to see big declines in 2024: Savills

Of the 30 cities monitored in the Savills World Prime Residential Index, 17 will see price declines, with Hong Kong projected to see the highest drop of up to 10 per cent and as much as 3.9 per cent in Singapore.

Of the 30 cities monitored in the Savills World Prime Residential Index, 17 will see price declines, with Hong Kong projected to see the highest drop of up to 10 per cent and as much as 3.9 per cent in Singapore.

7 Feb 2024 - 12:53PM

Office landlord-operator partnerships ‘may end traditional lease business’

More office landlords and flexible work space operators are likely to form partnerships that will do away with the traditional lease business that has been ‘catastrophic’ for the industry, according to the founder of The Work Project.

More office landlords and flexible work space operators are likely to form partnerships that will do away with the traditional lease business that has been ‘catastrophic’ for the industry, according to the founder of The Work Project.

5 Feb 2024 - 9:30AM

Axing of ‘golden visa’ likely to impact luxury property market Down Under

The scale and extent of the impact, however, remains to be seen, even as half of those who availed visas under the Business Innovation and Investment Programme last year were from mainland China and Hong Kong, Juwai IQI’s Daniel Ho says.

The scale and extent of the impact, however, remains to be seen, even as half of those who availed visas under the Business Innovation and Investment Programme last year were from mainland China and Hong Kong, Juwai IQI’s Daniel Ho says.

23 Jan 2024 - 7:17PM

MORE STORIES

Image of public housings by the Housing and Development Board (HDB) in Singapore on 1 January 2020. Photo: Roy Issa

Singapore cuts supply of HDB public flats to the fewest since 2021

HDB said it has successfully delivered about 80 per cent of pandemic-delayed projects, or a total of 73 projects from October 2020 to December 2023.

17 Jan 2024 - 4:26PM

More supply, lower home prices to set Hong Kong property trends in early 2024

More newly-built flats will enter the city’s residential market in the first half, adding to unsold units from the past two years. Home prices, already near the lowest in seven years, are likely to weakenfurther, analysts say.

More newly-built flats will enter the city’s residential market in the first half, adding to unsold units from the past two years. Home prices, already near the lowest in seven years, are likely to weakenfurther, analysts say.

14 Jan 2024 - 2:43PM

Chinese buyers keep Australian property agents busy with brisk home purchases

After a lull of two years, Chinese buyers appear to be stepping up their home purchases in Australia again. That has kept Sydney real property agent Peter Li super busy over the recent Christmas and New Year holidays.

After a lull of two years, Chinese buyers appear to be stepping up their home purchases in Australia again. That has kept Sydney real property agent Peter Li super busy over the recent Christmas and New Year holidays.

14 Jan 2024 - 2:31PM

Dubai luxury homes, offices tipped to extend hot growth streak amid China demand

Demand from Chinese buyers has catapulted Dubai’s property market as a highly sought-after destination for the wealthy, with homes in the city continuing to attract rich individuals, according to Knight Frank

Demand from Chinese buyers has catapulted Dubai’s property market as a highly sought-after destination for the wealthy, with homes in the city continuing to attract rich individuals, according to Knight Frank

25 Dec 2023 - 3:27PM

Prada buys Fifth Avenue building home to New York store for US$425 Million

The Hong Kong-listed Italian fashion company has been leasing its store in the 12-floor building at 724 Fifth Avenue since 1997.

The Hong Kong-listed Italian fashion company has been leasing its store in the 12-floor building at 724 Fifth Avenue since 1997.

21 Dec 2023 - 12:30PM

Asian funds’ confidence in regional property markets jumps amid rising bets

Global investment in Asia-Pacific property markets stagnated this year while the proportion of capital from within the region galloped, with the trend likely to continue next year, according to Urban Land Institute.

Global investment in Asia-Pacific property markets stagnated this year while the proportion of capital from within the region galloped, with the trend likely to continue next year, according to Urban Land Institute.

17 Dec 2023 - 3:00PM

Shanghai’s rich seek refuge in overseas homes amid domestic property sell-off

High-net-worth individuals in Shanghai are seeking refuge in overseas property investments as they flee a slump in mainland China’s real estate sector, creating price pressure in both markets.

High-net-worth individuals in Shanghai are seeking refuge in overseas property investments as they flee a slump in mainland China’s real estate sector, creating price pressure in both markets.

11 Dec 2023 - 6:00AM

Swire Properties touts luxury Jakarta project as foreign buyer curbs eased

Move by Jakarta to make it easier for foreigners to buy property in Southeast Asia’s largest economy is expected to boost sales for Swire Properties’ luxury joint venture project.

Move by Jakarta to make it easier for foreigners to buy property in Southeast Asia’s largest economy is expected to boost sales for Swire Properties’ luxury joint venture project.

3 Dec 2023 - 6:00PM

Singapore ties as world’s priciest city but Hong Kong slips to fifth: EIU survey

The city state took pole position for the ninth time in 11 years while Hong Kong slipped one notch to rank fifth among 173 countries, according to a study by the Economist Intelligence Unit (EIU).

The city state took pole position for the ninth time in 11 years while Hong Kong slipped one notch to rank fifth among 173 countries, according to a study by the Economist Intelligence Unit (EIU).

30 Nov 2023 - 9:43PM

Why Hong Kong and mainland China buyers are acquiring prime Australian property

Hong Kong and mainland China-based buyers are snapping up residential units in Australia despite elevated interest rates and surging home prices Down Under, according to agents.

Hong Kong and mainland China-based buyers are snapping up residential units in Australia despite elevated interest rates and surging home prices Down Under, according to agents.

27 Nov 2023 - 10:07AM

China’s home rental market set to weather property crisis as buying demand tanks

The multifamily property segment – typically buildings or blocks of buildings owned by institutional investors and leased out as flats – is tipped to escape a property rout in mainland China as supply and demand increase, particularly in Shanghai, according to JLL.

The multifamily property segment – typically buildings or blocks of buildings owned by institutional investors and leased out as flats – is tipped to escape a property rout in mainland China as supply and demand increase, particularly in Shanghai, according to JLL.

19 Nov 2023 - 2:57PM

Former Man United star Gary Neville pitches branded flats to Hongkongers

Former footballer Gary Neville is marketing to Hongkongers, flats in a 41-storey tower in Manchester that will be the first branded residences and five-star hotel in the city located in northwest England.

Former footballer Gary Neville is marketing to Hongkongers, flats in a 41-storey tower in Manchester that will be the first branded residences and five-star hotel in the city located in northwest England.

8 Nov 2023 - 5:11PM

Hong Kong slips among hottest prime residential markets as Manila wins top spot

The Philippines’ capital Manila has overtaken Dubai to become the hottest market globally for prime residential properties in the September quarter, according to a report that ranks the world’s major cities by price appreciation recorded over the past 12 months.

The Philippines’ capital Manila has overtaken Dubai to become the hottest market globally for prime residential properties in the September quarter, according to a report that ranks the world’s major cities by price appreciation recorded over the past 12 months.

3 Nov 2023 - 7:00PM

Can US$275 handout to citizens benefit Thailand’s economy, property market?

Thai Prime Minister Srettha Thavisin’s plan to stimulate the economy and consequentially prop up a flagging property market by ramping up government spending and boosting consumption has received mixed reactions from analysts.

Thai Prime Minister Srettha Thavisin’s plan to stimulate the economy and consequentially prop up a flagging property market by ramping up government spending and boosting consumption has received mixed reactions from analysts.

23 Oct 2023 - 8:30AM

US city draws tourists by using empty stores for immersive experiences

Empty stores in Chicago are being filled with experiential attractions, such as museums of ice cream and torture, and immersive exhibitions to draw tourists to downtown in the continued absence of office workers.

Empty stores in Chicago are being filled with experiential attractions, such as museums of ice cream and torture, and immersive exhibitions to draw tourists to downtown in the continued absence of office workers.

27 Sep 2023 - 7:15PM