Blue Coast is part of phase three of Southside and is set to be one of the biggest residential launches of 2024. Photo: Jonathan Wong
Hong Kong property

CK Asset’s Blue Coast flats priced well below cost in bid to drum up interest

28 Mar 2024 - 6:02PM

The developer has priced its closely-watched new project in Wong Chuk Hang well below cost and cheaper than neighbouring developments in a sign it may be trying to ensure the first batch of flats sells out in the hopes of drumming up interest in the remaining units.

Blue Coast is part of phase three of Southside and is set to be one of the biggest residential launches of 2024. Photo: Jonathan Wong

CK Asset’s Blue Coast flats priced well below cost in bid to drum up interest

The developer has priced its closely-watched new project in Wong Chuk Hang well below cost and cheaper than neighbouring developments in a sign it may be trying to ensure the first batch of flats sells out in the hopes of drumming up interest in the remaining units.

28 Mar 2024 - 6:02PM

Developer Country Garden downplays hiring Kroll for liquidation analysis

Distressed Chinese property developer downplays the possibility of a liquidation after it hired the financial advisory firm to assess the amount of money creditors could recover in such an event.

27 Mar 2024 - 7:06PM

China Resources Land posts profit increase, sees stability ahead for sector

China’s troubled property market is on track for a gradual return to stability despite the many challenges it still faces, China Resources Land said as it posted close to a 12 per cent profit gain for 2023.

26 Mar 2024 - 6:51PM
A photo taken on February 28, 2024, shows condominiums under construction in Beijing by Chinese property developer Country Garden Holdings. Photo: Kyodo

Developer Country Garden downplays hiring Kroll for liquidation analysis

Distressed Chinese property developer downplays the possibility of a liquidation after it hired the financial advisory firm to assess the amount of money creditors could recover in such an event.

27 Mar 2024 - 7:06PM
China property

China Resources Land posts profit increase, sees stability ahead for sector

China’s troubled property market is on track for a gradual return to stability despite the many challenges it still faces, China Resources Land said as it posted close to a 12 per cent profit gain for 2023.

China’s troubled property market is on track for a gradual return to stability despite the many challenges it still faces, China Resources Land said as it posted close to a 12 per cent profit gain for 2023.

26 Mar 2024 - 6:51PM
Hong Kong property

Hong Kong home prices worsen in February to lowest level since September 2016

The lived-in home-price index fell 1.7 per cent in February versus 1.2 per cent in January, according to the Rating and Valuation Department. Prices have fallen for 10 months in a row, losing 13.7 per cent in value.

The lived-in home-price index fell 1.7 per cent in February versus 1.2 per cent in January, according to the Rating and Valuation Department. Prices have fallen for 10 months in a row, losing 13.7 per cent in value.

26 Mar 2024 - 6:44PM

Shimao seeks offshore investor approval to restructure US$11.7 billion debt

The Shanghai-based firm is seeking approval from offshore creditors for a restructuring plan, according to a filing made to the Hong Kong stock exchange late on Monday, as part of its latest efforts to avoid liquidation.

25 Mar 2024 - 11:38PM
Shimao seeks offshore investor approval to restructure US$11.7 billion debt

Mainlanders benefit most from Hong Kong curb removal, snap up luxury homes: JLL

Mainland Chinese buyers are aggressively snapping up new luxury homes worth HK$30 million or more since the removal of all of Hong Kong’s property curbs last month, JLL says.

25 Mar 2024 - 10:12PM
Mainlanders benefit most from Hong Kong curb removal, snap up luxury homes: JLL

Hong Kong home prices worsen in February to lowest level since September 2016

The lived-in home-price index fell 1.7 per cent in February versus 1.2 per cent in January, according to the Rating and Valuation Department. Prices have fallen for 10 months in a row, losing 13.7 per cent in value.

26 Mar 2024 - 6:44PM

Shimao seeks offshore investor approval to restructure US$11.7 billion debt

The Shanghai-based firm is seeking approval from offshore creditors for a restructuring plan, according to a filing made to the Hong Kong stock exchange late on Monday, as part of its latest efforts to avoid liquidation.

25 Mar 2024 - 11:38PM

Mainlanders benefit most from Hong Kong curb removal, snap up luxury homes: JLL

Mainland Chinese buyers are aggressively snapping up new luxury homes worth HK$30 million or more since the removal of all of Hong Kong’s property curbs last month, JLL says.

25 Mar 2024 - 10:12PM

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 Spotlight

Property | OPINION
Office buildings in Hong Kong’s Central district are seen on March 12. The office sector is performing well in countries across the Asia-Pacific region, but concerns about influential markets elsewhere are keeping investors from making a move. Photo: Bloomberg

The View | Asia’s office sector is thriving, so where are the investors?

Office markets in Asia are performing well and the shift to hybrid working has had less of an impact, yet investment in the sector has fallen sharply. Asia’s office markets need a stronger narrative, one that differentiates the sector more clearly from its counterparts in the US and Europe.

18 Mar 2024 - 3:30PM

Opinion | For Hong Kong to reach net zero, rethink our air-conditioned glass boxes

The city’s buildings account for 90 per cent of all electricity used, and 60 per cent of carbon emissions. To reduce their carbon footprint, buildings should be designed to engage better with their environment through the warmer and cooler months.

The city’s buildings account for 90 per cent of all electricity used, and 60 per cent of carbon emissions. To reduce their carbon footprint, buildings should be designed to engage better with their environment through the warmer and cooler months.

10 Mar 2024 - 5:30AM
For Hong Kong to reach net zero, rethink our air-conditioned glass boxes

The View | Why Asian buyers’ love of Australia’s property market endures

Deteriorating affordability has left many Australians struggling in the housing market, but foreign buyers’ interest remains strong. Record migration, China’s housing crisis, Australia’s stability and Asian private wealth’s influence are driving the surge.

Deteriorating affordability has left many Australians struggling in the housing market, but foreign buyers’ interest remains strong. Record migration, China’s housing crisis, Australia’s stability and Asian private wealth’s influence are driving the surge.

4 Mar 2024 - 4:30PM
Why Asian buyers’ love of Australia’s property market endures

The View | Amid a property market crisis, China’s commercial real estate has held up

Given the bleak domestic and external backdrop, the strong performance of China’s commercial real estate investment market is remarkable. It shows that a solid domestic investor base, a sharper repricing of property values and policy support for key sectors can make a difference.

Given the bleak domestic and external backdrop, the strong performance of China’s commercial real estate investment market is remarkable. It shows that a solid domestic investor base, a sharper repricing of property values and policy support for key sectors can make a difference.

26 Feb 2024 - 3:15PM
Amid a property market crisis, China’s commercial real estate has held up

Opinion | Hong Kong land and housing supply must flow even in a downturn

Rather than be deterred by sluggish market sentiment, the government should adapt its approach to land creation and housing construction – by sequencing its development priorities, offering smaller land parcels, or turning more land over to building subsidised housing.

Rather than be deterred by sluggish market sentiment, the government should adapt its approach to land creation and housing construction – by sequencing its development priorities, offering smaller land parcels, or turning more land over to building subsidised housing.

14 Feb 2024 - 9:30AM
Hong Kong land and housing supply must flow even in a downturn
Australia has been hit hard by a lack of affordable housing. In Sydney, the most expensive city, apartment rents surged 11.7 per cent last year following an 18.6 per cent rise in 2022. Photo: Bloomberg

The View | Are Asia’s property markets too resilient for their own good?

Compared to markets in the US and Europe, both prices and rental yields have been slow to adjust. As a result, affordability has taken a hit and investors are thinking twice. Yet Asia’s strong underlying fundamentals are undoubtedly an asset.

12 Feb 2024 - 4:30PM
Residents walk through a partially shuttered Evergrande commercial complex in Beijing, on January 29. Photo: AP

Opinion | China must shield the rest of its economy from the property contagion

Beijing must let unsalvageable developers fail and, crucially, avoid saddling banks with bad loans. Short-term pain is preferable to infecting finance and creating a deeper, longer economic downturn.

6 Feb 2024 - 7:30PM
Office buildings in Hong Kong’s Central district are seen on March 12. The office sector is performing well in countries across the Asia-Pacific region, but concerns about influential markets elsewhere are keeping investors from making a move. Photo: Bloomberg

The View | Asia’s office sector is thriving, so where are the investors?

18 Mar 2024 - 3:30PM

The city’s buildings account for 90 per cent of all electricity used, and 60 per cent of carbon emissions. To reduce their carbon footprint, buildings should be designed to engage better with their environment through the warmer and cooler months.

10 Mar 2024 - 5:30AM