An aerial view of a residential project in Hangzhou in eastern Zhejiang province on March 15, 2024. Photo: AFP
China property

Sino-Ocean warns of hefty losses for 2023 with no turnaround in China home sales

1 hour ago

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.

An aerial view of a residential project in Hangzhou in eastern Zhejiang province on March 15, 2024. Photo: AFP

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.

1 hour ago

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.

9 minutes ago

Hong Kong property downturn not yet over, prices to fall by up to 10%: S&P

Hong Kong’s current property market downturn is cyclical and not structural, with home prices set to decline by as much as 10 per cent this year as elevated interest rates keep demand in check, S&P says

18 Mar 2024 - 9:32PM
China Evergrande Group’s founder and former chairman Hui Ka-yan during a company event in Hong Kong on March 26, 2018. Photo: David Wong

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.

9 minutes ago
Hong Kong property

Hong Kong property downturn not yet over, prices to fall by up to 10%: S&P

Hong Kong’s current property market downturn is cyclical and not structural, with home prices set to decline by as much as 10 per cent this year as elevated interest rates keep demand in check, S&P says

Hong Kong’s current property market downturn is cyclical and not structural, with home prices set to decline by as much as 10 per cent this year as elevated interest rates keep demand in check, S&P says

18 Mar 2024 - 9:32PM
China property

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.

18 Mar 2024 - 5:36PM

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.

18 Mar 2024 - 11:24AM
Gaw Capital bets on Vietnam, Mexico and US opportunities to offset China woes

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.

18 Mar 2024 - 8:42AM
Japanese firms make the most of Hong Kong’s low rents, snap up retail spaces

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.

18 Mar 2024 - 5:36PM

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.

18 Mar 2024 - 11:24AM

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.

18 Mar 2024 - 8:42AM

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
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

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