https://www.scmp.com/rss/211368/feed Link Real Estate Investment Trust (Link Reit) is the largest REIT in Asia by market capitalisation. It is managed by Link Asset Management, which owns and manages a portfolio including retail facilities, car parks, offices and logistics assets from Beijing, Shanghai and the Greater Bay Area, to Singapore, Melbourne and London. It was listed in 2005 as the first REIT in Hong Kong. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Ken Ip Ken Ip There was a time when Hong Kong’s retail landlords looked untouchable. If you wanted a dependable income, you would buy shares in the city’s leading real estate investment trusts (Reits), the steady dividend machines of a service economy built on foot traffic, routine and the long-held assumption that Hongkongers would always shop. These companies were the unshakeable pillars of everyday commerce. They prospered not because the economy was roaring, but because consumers kept showing up. That era... https://www.scmp.com/opinion/hong-kong-opinion/article/3333967/why-not-just-another-retail-downturn-hong-kong?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3333967/why-not-just-another-retail-downturn-hong-kong?utm_source=rss_feed Wed, 26 Nov 2025 08:30:08 +0000 Jimmy Chow Jimmy Chow Hong Kong designer-turned-entrepreneur Rosie Chan Man-wai has developed a recycling system that uses black soldier fly larvae and smart automation to turn food waste into fertiliser and protein for schools, farms, residential estates and businesses. The innovation has earned her a place as a finalist in this year’s Spirit of Hong Kong Awards in the innovation category. The innovation lies not only in the biology, but more importantly in the system’s design philosophy. The machines are stackable,... https://www.scmp.com/news/hong-kong/society/article/3327722/spirit-hong-kong-awards-designers-fly-larvae-system-recycles-food-waste?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3327722/spirit-hong-kong-awards-designers-fly-larvae-system-recycles-food-waste?utm_source=rss_feed Sat, 04 Oct 2025 02:15:07 +0000 Harvey Kong,Wynna Wong Harvey Kong,Wynna Wong Hongkongers were rushing to park their cars on higher ground and in covered spaces on Tuesday as flooding from Super Typhoon Ragasa was expected to inundate low-lying and coastal areas. Several major indoor car parks had long queues stretching out of their entrances in the morning, including the Tai Po Mega Mall car park, which accommodates more than 1,000 vehicles. Meanwhile, some underground and open-air car parks were closed or evacuated as a precautionary measure. A storm surge of about two... https://www.scmp.com/news/hong-kong/society/article/3326527/hong-kong-car-owners-race-higher-ground-escape-ragasas-feared-storm-surge?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3326527/hong-kong-car-owners-race-higher-ground-escape-ragasas-feared-storm-surge?utm_source=rss_feed Tue, 23 Sep 2025 08:09:36 +0000 Connor Mycroft Connor Mycroft More than a dozen CEOs and top-level executives in Hong Kong are taking a crash course in AI with the help of a non-profit to equip them with the skills to help 5,000 secondary school students learn the essentials of the technology. The CEO training on Sunday was a key component of the AI-5000 Initiative, a collaborative effort between Project Melo and Preface, a Hong Kong-based education technology company. The project garnered support from 17 top-level executives and leaders, including M+... https://www.scmp.com/news/hong-kong/education/article/3322154/hong-kong-ceos-get-crash-course-ai-pass-skills-5000-students?utm_source=rss_feed https://www.scmp.com/news/hong-kong/education/article/3322154/hong-kong-ceos-get-crash-course-ai-pass-skills-5000-students?utm_source=rss_feed Sun, 17 Aug 2025 15:47:41 +0000 Oscar Liu,Harvey Kong Oscar Liu,Harvey Kong The CEO of Asia’s largest real estate investment trust has announced his departure, with George Hongchoy Kwok-lung tearfully expressing his reluctance to leave his team after 16 years, despite controversy over his pay package and recent lay-offs. Ahead of its annual shareholder meeting on Tuesday, Hong Kong-based Link Asset Management said Hongchoy, 63, would ensure a smooth leadership transition while it searched for his successor. Hongchoy, one of the highest-paid bosses of a listed company in... https://www.scmp.com/news/hong-kong/society/article/3319078/george-hongchoy-steps-down-ceo-hong-kongs-link-asset-management?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3319078/george-hongchoy-steps-down-ceo-hong-kongs-link-asset-management?utm_source=rss_feed Tue, 22 Jul 2025 02:43:38 +0000 Bloomberg Bloomberg Singapore’s biggest initial public offering (IPO) in eight years is offering hope that the country’s stock exchange is finally attractive for new listings. NTT DC Reit gained as much as 3 per cent on Monday in its trading debut, outpacing the benchmark Straits Times Index. This came after it secured the city state’s sovereign wealth fund as a rare cornerstone investor. The US$773 million data centre listing is being closely watched as the spark that could revive Singapore’s moribund IPO scene,... https://www.scmp.com/business/markets/article/3318151/singapore-ipo-revival-hopes-rise-ntts-reit-debut-gains?utm_source=rss_feed https://www.scmp.com/business/markets/article/3318151/singapore-ipo-revival-hopes-rise-ntts-reit-debut-gains?utm_source=rss_feed Mon, 14 Jul 2025 09:20:55 +0000 Harvey Kong Harvey Kong Hong Kong-based Link Asset Management has said it is “streamlining a small number of roles and positions” as part of an efficiency drive in response to a “challenging operating environment” amid reports that the firm has been conducting lay-offs. Economists said the move by the firm, which owns 150 properties in Hong Kong, mainland China and overseas, could reduce costs and maintain profits amid the sluggish retail sector performance in the city. Link told the Post that its approach remained... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3317142/hong-kongs-link-asset-management-cut-jobs-amid-retail-headwinds?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3317142/hong-kongs-link-asset-management-cut-jobs-amid-retail-headwinds?utm_source=rss_feed Sun, 06 Jul 2025 10:11:35 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong-based Link Asset Management expects more tenants to negotiate lower rents in the near term as it prioritises keeping its properties occupied, according to top executives at the company that manages Link Reit, Asia’s largest real estate investment trust. While Hong Kong continued to suffer a retail slump, assets in Singapore and Australia performed better than expected, the company said on Tuesday as it reported revenue and profit increases for the financial year ended in March. Link is... https://www.scmp.com/business/article/3312632/hong-kongs-link-takes-rental-hits-amid-fight-retain-retail-tenants?utm_source=rss_feed https://www.scmp.com/business/article/3312632/hong-kongs-link-takes-rental-hits-amid-fight-retain-retail-tenants?utm_source=rss_feed Sun, 01 Jun 2025 22:30:10 +0000 Ambrose Li Ambrose Li Jarita Mak Shun-ting starts her Wednesday morning by preparing beef patties for her signature sliders before the lunch rush starts at her shop in Hong Kong’s Kwai Chung Plaza. She opened her shop, Wagyu Butler, more than a month ago and offers small bites ranging from mini burgers and meatballs to dumplings and instant noodles at prices going from HK$18 (US$2.31) to HK$62. Her bestseller is her beef sliders, with her Hong Kong take on the dish served with either satay or yuzu sauce. “Kwai Chung... https://www.scmp.com/news/hong-kong/society/article/3309772/how-kwai-chung-plaza-became-affordable-culinary-hotspot-hongkongers?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3309772/how-kwai-chung-plaza-became-affordable-culinary-hotspot-hongkongers?utm_source=rss_feed Sat, 10 May 2025 01:00:22 +0000 Cheryl Arcibal,Salina Li Cheryl Arcibal,Salina Li Hong Kong developers are likely to report weak earnings this year and next despite recent stimulus measures, as the commercial market prepares for a supply glut and residents seek to splurge either on the mainland or overseas, according to ratings agency Moody’s. The forecast comes a week after Chief Executive John Lee Ka-chiu unveiled a more liberal mortgage-financing policy, which added to the optimism that was sparked by global central banks starting to raise interest rates. The less than... https://www.scmp.com/business/article/3283577/hong-kong-developers-ck-asset-sun-hung-kai-swire-feel-earnings-pain-moodys?utm_source=rss_feed https://www.scmp.com/business/article/3283577/hong-kong-developers-ck-asset-sun-hung-kai-swire-feel-earnings-pain-moodys?utm_source=rss_feed Thu, 24 Oct 2024 00:30:08 +0000 Murray House, a historic landmark at the southern tip of Hong Kong, stood as a testament to the importance of preservation after a meticulous brick-by-brick relocation from Central to Stanley, but now serves more as a stark illustration of the city’s struggling retail sector. The three-storey Victorian structure, situated at a prime waterfront location in the tourist destination, is completely empty after the last tenants – a German restaurant, a steakhouse and a large fast-fashion store –... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3266703/hong-kongs-historic-murray-house-exemplifies-citys-empty-stores-fitful-retail-recovery?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3266703/hong-kongs-historic-murray-house-exemplifies-citys-empty-stores-fitful-retail-recovery?utm_source=rss_feed Sat, 15 Jun 2024 00:00:23 +0000 Hong Kong real estate tycoon Donald Choi Wun-hing will retire and step down as CEO of property developer Chinachem Group after more than six years on September 1, passing his role to Andy Cheung Lee-ming, currently an independent non-executive director, the company said. Choi, 66, joined the privately owned developer in 2018, filling a two-year vacancy at CEO after the dismissal of Sunny Yeung. A seasoned architect with more than three decades of experience, Choi led a transformation of the... https://www.scmp.com/business/china-business/article/3264839/hong-kong-developer-chinachem-names-former-link-reit-executive-next-ceo-donald-choi-sets-retirement?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3264839/hong-kong-developer-chinachem-names-former-link-reit-executive-next-ceo-donald-choi-sets-retirement?utm_source=rss_feed Fri, 31 May 2024 05:30:11 +0000 Link Real Estate Investment Trust (Link Reit), Asia’s largest real estate investment trust, is strengthening its operations in mainland China by taking complete control of a retail property in Shanghai from its joint-venture partner China Vanke. Link Reit has agreed to acquire the 50 per cent stake in Qibao Vanke Plaza it does not already own from the indebted developer for 2.38 billion yuan (US$331 million), according to a statement from the Hong Kong-listed company on Friday. The company had... https://www.scmp.com/business/china-business/article/3251553/china-real-estate-link-reit-fully-acquire-shanghai-mall-vanke-us331-million?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3251553/china-real-estate-link-reit-fully-acquire-shanghai-mall-vanke-us331-million?utm_source=rss_feed Fri, 09 Feb 2024 09:30:14 +0000 Investors have some important decisions to make in 2024. This year will see 2 billion people across 50 countries go to the polls, including in the United States, United Kingdom, India, Indonesia and Taiwan. These elections have the potential to create immense economic turbulence and uncertainty, which are likely to affect investor confidence and global stock markets. Closer to home, investors in the Hong Kong stock market have had to adjust to a long losing streak. The Hang Seng Index has... https://www.scmp.com/comment/opinion/article/3247696/how-buy-hong-kong-stocks-2024-find-local-dividend-havens?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3247696/how-buy-hong-kong-stocks-2024-find-local-dividend-havens?utm_source=rss_feed Wed, 10 Jan 2024 01:30:09 +0000 Link Reit, Asia’s largest real estate investment trust, has opened a renovated shopping mall in Guangzhou, a clear indication of its focus on mainland China, with a top executive firmly rejecting rumours of asset sales despite the prolonged economic recovery. The Hong Kong-listed Reit acquired the shopping mall, located in the southern Chinese city’s core business district of Tianhe, for 3.2 billion yuan (US$451 million) in June 2021. Renamed Link Plaza Tianhe, the shopping mall covers over... https://www.scmp.com/business/china-business/article/3242859/link-reit-committed-china-it-dismisses-rumours-asset-sales-guangzhou-mall-opening?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3242859/link-reit-committed-china-it-dismisses-rumours-asset-sales-guangzhou-mall-opening?utm_source=rss_feed Mon, 27 Nov 2023 00:30:20 +0000 Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at letters@scmp.com or filling in this Google form. Submissions should not exceed 400 words, and must include your full name and address, plus a phone number for verification. I am writing in response to the letter, “ESG evaluations of social impact must reflect reality on the ground” (September 6), which questioned Link’s score in S&P Global Ratings’ ESG evaluation and... https://www.scmp.com/comment/letters/article/3234639/small-businesses-remain-key-attractiveness-shopping-malls?utm_source=rss_feed https://www.scmp.com/comment/letters/article/3234639/small-businesses-remain-key-attractiveness-shopping-malls?utm_source=rss_feed Sun, 17 Sep 2023 03:30:17 +0000 A Hong Kong businessman has lost an estimated HK$550,000 (US$70,000) after his claw machine store was wrecked by what the government called a “once in 500 years” rainstorm. Choi Kai-yip said on Monday he was devastated at the extent of the damage to his Chai Wan operation, on the ground floor of the Link Reit shopping centre in the public housing Wan Tsui Estate. “The financial loss to me is devastating as it is a small business, I feel frustrated and helpless at the lack of support by the... https://www.scmp.com/news/hong-kong/society/article/3234173/hong-kong-claw-machine-store-owner-devasted-uninsured-loss-hk550000-flood-damage-hard-hit-chai-wan?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3234173/hong-kong-claw-machine-store-owner-devasted-uninsured-loss-hk550000-flood-damage-hard-hit-chai-wan?utm_source=rss_feed Tue, 12 Sep 2023 01:00:20 +0000 Hong Kong’s heaviest rainfall since records began in 1884 forced several malls to close on Friday as several parts of the city were paralysed by widespread flooding. Mall owner and operator Link Reit announced closure of the lower ground floor of its shopping centre and SOGO in Hong Kong’s bustling shopping district of Causeway Bay said it would be shut “until further notice”. Temple Mall North, a neighbourhood mall connected to the railway station and next to the Wong Tai Sin Temple where... https://www.scmp.com/business/article/3233914/hong-kong-rainstorm-forces-partial-closure-link-reit-mall-it-seeks-assess-damage-compensation?utm_source=rss_feed https://www.scmp.com/business/article/3233914/hong-kong-rainstorm-forces-partial-closure-link-reit-mall-it-seeks-assess-damage-compensation?utm_source=rss_feed Fri, 08 Sep 2023 12:00:26 +0000 Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at letters@scmp.com or filling in this Google form. Submissions should not exceed 400 words, and must include your full name and address, plus a phone number for verification. The current discussion on the environmental, social and governance (ESG) performance evaluation of businesses focuses on the environmental and corporate governance aspects. Our research on Link... https://www.scmp.com/comment/letters/article/3233435/esg-evaluations-social-impact-must-reflect-reality-ground?utm_source=rss_feed https://www.scmp.com/comment/letters/article/3233435/esg-evaluations-social-impact-must-reflect-reality-ground?utm_source=rss_feed Wed, 06 Sep 2023 03:30:10 +0000 Funds raised from new share listings in Hong Kong dropped to a two-decade low in the first half of the year, pushing the city to ninth place in a global ranking of initial public offering (IPO) markets. Yet analysts remain optimistic about a comeback in the next six months. A total of 28 companies raised US$2.2 billion via IPOs on the main board of the Hong Kong stock exchange in the first half of 2023, according to data company Refinitiv. The amount is 8.5 per cent lower than 2022’s first-half... https://www.scmp.com/business/article/3226113/hong-kong-slides-ninth-place-worldwide-ipos-after-fundraising-falls-20-year-low-first-half-2023?utm_source=rss_feed https://www.scmp.com/business/article/3226113/hong-kong-slides-ninth-place-worldwide-ipos-after-fundraising-falls-20-year-low-first-half-2023?utm_source=rss_feed Fri, 30 Jun 2023 09:15:12 +0000 Shopping centre operators in Hong Kong such as Link Reit, K11 Group, Swire Properties, Henderson Land and Sun Hung Kai Properties (SHKP) are battling it out for electric-vehicle (EV) owners in a bid to revive business amid a lacklustre increase in inbound tourism and economic headwinds in mainland China and overseas. EVs have, in fact, grown in popularity; as of the end of April, the total number of such cars in Hong Kong stood at 55,654, or 6 per cent of total vehicles, according to the... https://www.scmp.com/business/article/3225292/hong-kong-mall-operators-including-link-reit-swire-race-install-ev-chargers-lure-wealthy-locals-fill?utm_source=rss_feed https://www.scmp.com/business/article/3225292/hong-kong-mall-operators-including-link-reit-swire-race-install-ev-chargers-lure-wealthy-locals-fill?utm_source=rss_feed Sun, 25 Jun 2023 06:00:23 +0000 When the Sun Hung Kai Centre was built in 1982, it was equipped with a chiller plant system – considered cutting edge in building technology at that time because of its energy-efficient features. Yet the 54-storey building’s main owner Sun Hung Kai Properties (SHKP) in 2004 began retrofitting and optimising the chiller plants, which accounted for 60 per cent of the electricity consumed, by installing power meters to monitor its performance and taking other measures to improve its energy... https://www.scmp.com/business/article/3221135/green-new-black-hong-kong-developers-rush-make-offices-energy-efficient-shrink-carbon-footprint?utm_source=rss_feed https://www.scmp.com/business/article/3221135/green-new-black-hong-kong-developers-rush-make-offices-energy-efficient-shrink-carbon-footprint?utm_source=rss_feed Sat, 20 May 2023 02:00:08 +0000 Link Reit, Asia’s largest real estate investment trust, spooked Hong Kong property stocks on Monday after it unexpectedly asked US$2.4 billion from unit holders to help pare debt. Investors dumped the stock for its worst sell-off since October 2008. The stock sank as much as 16.4 per cent to HK$52.50 in Hong Kong trading, erasing HK$19 billion (US$2.4 billion) from its market capitalisation. It closed 12.8 per cent lower on Monday at HK$54.75, the worst one-day setback since a 15.4 per cent... https://www.scmp.com/business/china-business/article/3210020/link-reit-sinks-surprise-us24-billion-cash-call-triggers-sell-hong-kong-property-stocks-amid-debt?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3210020/link-reit-sinks-surprise-us24-billion-cash-call-triggers-sell-hong-kong-property-stocks-amid-debt?utm_source=rss_feed Mon, 13 Feb 2023 07:40:15 +0000 Hong Kong-based Link Reit, Asia’s largest real estate investment trust, is seeking to raise about HK$18.8 billion (US$2.39 billion) in capital by way of a rights issue, an announcement that took some market observers by surprise. Some 40 to 50 per cent of the proceeds will be used to repay debts and for general working capital, company executives said in a briefing on Friday evening, after trading on the Hong Kong stock exchange closed. “The proposed rights issue will strengthen Link Reit’s... https://www.scmp.com/business/article/3209825/link-reit-seeks-us239-billion-fresh-funds-rights-issue-it-looks-pay-debts-acquire-new-investments?utm_source=rss_feed https://www.scmp.com/business/article/3209825/link-reit-seeks-us239-billion-fresh-funds-rights-issue-it-looks-pay-debts-acquire-new-investments?utm_source=rss_feed Fri, 10 Feb 2023 12:49:42 +0000 Link Reit, Asia’s largest real estate investment trust, has made a foray into Singapore by agreeing to buy two suburban shopping malls there to diversify its portfolio. Hong Kong-based Link Reit announced on Wednesday evening that it would pay S$2.16 billion (US$1.6 billion) to acquire the properties – Jurong Point and Swing By @ Thomson Plaza – from Mercatus Co-operative, a unit of Singapore shopping mall owner NTUC Enterprise Co-operative. According to data provider Refinitiv, the transaction... https://www.scmp.com/business/companies/article/3204853/hong-kongs-link-reit-buys-two-singaporean-malls-us16-billion-biggest-southeast-asian-property-deal?utm_source=rss_feed https://www.scmp.com/business/companies/article/3204853/hong-kongs-link-reit-buys-two-singaporean-malls-us16-billion-biggest-southeast-asian-property-deal?utm_source=rss_feed Thu, 29 Dec 2022 00:30:18 +0000 Raymond Cheng, managing director of CGS-CIMB Securities, has a sense of déja vu. With Hong Kong’s housing market struggling, interest rates soaring and buying power faltering amid a slowing economy, the worrisome debt levels of property developers are in the spotlight. The same was true in the years just before Cheng became an analyst in 2003. “At that time, they could not make profits from home sales. Certain developers had tight financials, and most made little profit,” he said. “Generally,... https://www.scmp.com/business/article/3198460/hong-kongs-property-developers-will-struggle-service-their-bulging-debts-interest-rates-soar?utm_source=rss_feed https://www.scmp.com/business/article/3198460/hong-kongs-property-developers-will-struggle-service-their-bulging-debts-interest-rates-soar?utm_source=rss_feed Sat, 05 Nov 2022 02:00:11 +0000 Hong Kong-based Link Reit, Asia’s largest investment trust, is on the hunt for good commercial real estate deals in Australia, Japan and Singapore amid the current global environment of rising interest rates, according to a company executive. “We are always active in looking for opportunities, but we are very selective about the opportunities we do complete,” said Greg Chubb, Link Reit’s chief operating officer, international. “The new geographies in the region that we’re investigating are... https://www.scmp.com/business/article/3193924/link-reit-eyes-more-property-australia-entry-japan-and-singapore-it-seeks?utm_source=rss_feed https://www.scmp.com/business/article/3193924/link-reit-eyes-more-property-australia-entry-japan-and-singapore-it-seeks?utm_source=rss_feed Tue, 27 Sep 2022 23:00:08 +0000 Link Reit, Asia’s largest real estate investment trust (Reit), Yuexiu Reit and SF Reit have joined hands to co-found the Hong Kong Reits Association (HKREITA) and build a collaborative platform for the city’s HK$210 billion (US$26.7 billion) Reit sector, and strengthen Hong Kong’s status as an international financial centre. The association will encourage more listings by Reits in the city and push for financial institutions to cover the sector more deeply for better analysis, George Hongchoy,... https://www.scmp.com/business/article/3190190/link-reit-yuexiu-reit-and-sf-reit-launch-industry-body-bring-more-real?utm_source=rss_feed https://www.scmp.com/business/article/3190190/link-reit-yuexiu-reit-and-sf-reit-launch-industry-body-bring-more-real?utm_source=rss_feed Thu, 25 Aug 2022 11:45:35 +0000 Link Reit, Asia’s largest real estate investment trust, said it would not immediately take legal action against tenants who owe rent following the end of a Hong Kong government enforced three-month “protection period”. Enacted by the city’s Legislative Council during the fifth wave of coronavirus infections, Hong Kong’s worst outbreak, the rent moratorium became effective in early May. Its three-month protection period ended at the end of July. The moratorium barred landlords from taking action... https://www.scmp.com/business/article/3189792/hong-kongs-link-reit-hold-action-against-tenants-owe-rent-following-end?utm_source=rss_feed https://www.scmp.com/business/article/3189792/hong-kongs-link-reit-hold-action-against-tenants-owe-rent-following-end?utm_source=rss_feed Tue, 23 Aug 2022 00:30:22 +0000 Agnes Pang Shuk-yee was sweating under the noonday sun recently on the rooftop of Hong Kong’s Tsz Wan Shan Shopping Centre, a complex ringed by public housing estates in Kowloon’s Wong Tai Sin district. She was working on a sculpture 1.5 metres (5ft) high of an elephant, whose translucent body had been constructed from discarded plastic egg cartons. She was dotting it with hundreds of rainbow-coloured flowers made of supermarket packaging. It was so hot outside that the glue in her glue gun... https://www.scmp.com/lifestyle/arts-culture/article/3188134/art-made-plastic-waste-hong-kong-think-styrofoam-fruit?utm_source=rss_feed https://www.scmp.com/lifestyle/arts-culture/article/3188134/art-made-plastic-waste-hong-kong-think-styrofoam-fruit?utm_source=rss_feed Mon, 08 Aug 2022 09:15:11 +0000 With Hong Kong holding the world record for the highest commercial density – one mall per square mile – it is no surprise that the range of shopping malls in the city is extraordinary. Spanning everything from small arcades that locals rely on for their groceries and other daily needs to large complexes that supply retail opportunities to suit every wallet, they can sometimes double up as leisure and entertainment venues with cinemas and ice rinks, for example. As such a feature of Hong Kong... https://www.scmp.com/business/article/3184842/why-hong-kongs-community-malls-are-crucial-future-citys-retail-sector?utm_source=rss_feed https://www.scmp.com/business/article/3184842/why-hong-kongs-community-malls-are-crucial-future-citys-retail-sector?utm_source=rss_feed Tue, 12 Jul 2022 04:00:27 +0000 Swire Properties, one of Hong Kong’s biggest retail landlords, said on Friday that it would waive rents for retail tenants forced to close because of emergency restrictions designed to stop the spread of the coronarvirus in the city. The announcement came a day after Financial Secretary Paul Chan Mo-po said small and medium-sized enterprises (SMEs) in more than 19 sectors, including catering and retail, would be allowed to delay rent payments from January for up to six months under a new planned... https://www.scmp.com/business/article/3168463/swire-properties-offer-rent-waivers-cityplaza-pacific-place-retail-tenants?utm_source=rss_feed https://www.scmp.com/business/article/3168463/swire-properties-offer-rent-waivers-cityplaza-pacific-place-retail-tenants?utm_source=rss_feed Fri, 25 Feb 2022 13:55:09 +0000 Several of Hong Kong’s largest property landlords said they would offer their retail tenants rental relief and concessions, stepping up to help businesses that had been decimated by plunging foot traffic amid the city’s resurgent Covid-19 outbreak. MTR Corporation, the city’s sole mass transit railway operator, said it would offer rental concessions across its network of 97 subway stations, and at the 13 shopping centres it owns. Tenants of scheduled premises that had been ordered to close under... https://www.scmp.com/business/article/3167279/mtr-offers-rental-relief-retailers-its-subway-stations-and-13-shopping?utm_source=rss_feed https://www.scmp.com/business/article/3167279/mtr-offers-rental-relief-retailers-its-subway-stations-and-13-shopping?utm_source=rss_feed Wed, 16 Feb 2022 10:45:16 +0000 Major mall owners in Hong Kong stand to lose as much as 30 per cent of sales in the coming months as shopping centres in areas hit by Covid-19 cases suffer from dwindling traffic amid lockdowns and tighter social distancing curbs. Analysts said losses could spread industry-wide, beyond the existing affected areas in Kowloon and New Territories, as health experts predict the current fifth wave of outbreak in the city could result in as many as 28,000 daily cases and higher death toll by June. The... https://www.scmp.com/business/article/3166671/omicron-spreads-hong-kong-malls-stand-lose-30-cent-sales-lockdowns-social?utm_source=rss_feed https://www.scmp.com/business/article/3166671/omicron-spreads-hong-kong-malls-stand-lose-30-cent-sales-lockdowns-social?utm_source=rss_feed Fri, 11 Feb 2022 06:37:58 +0000 Investors are snapping up commercial properties in Australia with the rare support of Hong Kong buyers despite lingering Canberra-Beijing tensions, pushing the market Down Under towards its busiest in six years. Commercial property investment involving deals above A$10 million has reached A$35.4 billion (US$26 billion) to date, a 70 per cent increase from a year earlier, according to Colliers International. The volume is within 17 per cent of the A$41.3billion recorded in 2015. The surge in... https://www.scmp.com/business/article/3156159/australias-commercial-property-market-ignores-china-snub-singapore-us?utm_source=rss_feed https://www.scmp.com/business/article/3156159/australias-commercial-property-market-ignores-china-snub-singapore-us?utm_source=rss_feed Mon, 15 Nov 2021 23:30:20 +0000 Link Reit has invested in three retail properties in Sydney, in a diversification move after Asia’s largest real investment trust reported its second-worst annual revenue growth. The Hong Kong-based company paid A$538.2 million (US$398 million) for 50 per cent of a trio of assets comprising the Queen Victoria Building (QVB), the Strand Arcade and The Galeries in Sydney, according to a statement released late on Sunday. “The acquisition of this prime retail portfolio is part of our Vision 2025... https://www.scmp.com/business/companies/article/3155283/link-reit-buys-three-prime-shopping-centres-sydney-australia?utm_source=rss_feed https://www.scmp.com/business/companies/article/3155283/link-reit-buys-three-prime-shopping-centres-sydney-australia?utm_source=rss_feed Mon, 08 Nov 2021 08:40:43 +0000 Working from home and in a dire need of a suitable space to get some work done without distractions? Booths launched by Hong Kong co-working space operator theDesk in malls across the city might just be what you’re looking for. The size of a typical phone kiosk, these booths or studios come equipped with a desk, bar stool, power sockets and Wi-fi access. And, as part of a pilot programme, access is free as of now. Users just need to download theDesk2Go app, register and book a booth. “It’s free... https://www.scmp.com/business/companies/article/3145588/quiet-spot-hong-kong-price-coffee-thedesks-co-working-booths-are?utm_source=rss_feed https://www.scmp.com/business/companies/article/3145588/quiet-spot-hong-kong-price-coffee-thedesks-co-working-booths-are?utm_source=rss_feed Thu, 19 Aug 2021 23:30:27 +0000 China’s first batch of publicly traded real estate investment trusts (Reits) got off to a steady start on their debut, as traders chased the new asset-backed products that yield stable returns. The nine Reits, which are linked to underlying infrastructure projects from industrial estates to waste water treatment plants, rose above their offer price on the mainland’s exchanges on Monday. The one backed by assets tied to China Merchants Shekou Industrial Zone jumped by 15 per cent, the most among... https://www.scmp.com/business/markets/article/3138161/chinas-first-reits-make-steady-start-market-debut-investors-hunt?utm_source=rss_feed https://www.scmp.com/business/markets/article/3138161/chinas-first-reits-make-steady-start-market-debut-investors-hunt?utm_source=rss_feed Mon, 21 Jun 2021 07:42:50 +0000 Link Reit, Asia’s largest real estate investment trust, reported its second-lowest annual revenue growth ever because of the coronavirus pandemic, but said it was cautiously optimistic about its prospects amid the ongoing economic recovery. Revenue rose by 0.2 per cent year on year to HK$10.74 billion (US$1.38 billion) for the year ended March 2021, according to a filing to the Hong Kong stock exchange on Thursday. It was the smallest increase in revenue after the 0.1 per cent rise in 2019,... https://www.scmp.com/business/article/3137718/link-reit-asias-largest-real-estate-investment-trust-set-recover-after?utm_source=rss_feed https://www.scmp.com/business/article/3137718/link-reit-asias-largest-real-estate-investment-trust-set-recover-after?utm_source=rss_feed Thu, 17 Jun 2021 12:14:11 +0000 S.F. Holding’s real estate investment trust has set the final offer price at HK$4.98 per unit, enabling the largest listed courier provider in China to raise about HK$2.6 billion (US$334.7 million) from its Hong Kong initial public offering. The final price of the SF Real Estate Investment Trust (SF Reit) was set above the midpoint of the initial range of HK$4.68 to HK$5.16 marketed to investors, according to people familiar with the transaction. It will announce the final allotment results on... https://www.scmp.com/business/banking-finance/article/3133198/sf-holdings-reit-raises-us334-million-after-pricing-hong?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3133198/sf-holdings-reit-raises-us334-million-after-pricing-hong?utm_source=rss_feed Wed, 12 May 2021 09:23:57 +0000 Hong Kong-based Link Reit, Asia’s largest real estate investment trust, has announced its entry into Europe with a £380 million (US$487.5 million) deal for an office complex housing Morgan Stanley’s headquarters in London. The acquisition of The Cabot at 25 Cabot Street in Canary Wharf will allow the investment trust to diversify and improve its portfolio, and enhance its ability to deliver sustainable returns for unit holders, George Hongchoy, Link’s chief executive, said on Sunday night.... https://www.scmp.com/business/article/3094824/hong-kongs-link-reit-announces-entry-europe-us4875-million-acquisition?utm_source=rss_feed https://www.scmp.com/business/article/3094824/hong-kongs-link-reit-announces-entry-europe-us4875-million-acquisition?utm_source=rss_feed Mon, 27 Jul 2020 06:56:25 +0000 Major listed Hong Kong retail landlords have set alarm bells ringing after issuing a spate of profit warnings recently. Over the past two weeks, Link Reit, Wheelock and Company and Emperor International have all said they expect to report losses. And analysts said they could be the first of many more, as the coronavirus continues to weigh on rents and property valuations. Hotel landlords will be the worst affected, followed by those owning retail and office properties, said Phillip Zhong, senior... https://www.scmp.com/business/companies/article/3083171/hong-kong-retail-landlords-link-reit-wheelock-and-emperor?utm_source=rss_feed https://www.scmp.com/business/companies/article/3083171/hong-kong-retail-landlords-link-reit-wheelock-and-emperor?utm_source=rss_feed Thu, 07 May 2020 00:30:05 +0000 China’s government this week gave its go-ahead for the set up of real estate investment trusts (REIT), opening a channel that lets investors tap the country’s property growth, while limiting their speculation in bricks-and-mortar buildings. The pilot programme, implemented after more than a year of public consultations, will allow China’s mutual funds to issue public REITs that can be bought and sold like stocks on the country’s exchanges, according to an April 30 statement by the National... https://www.scmp.com/business/banking-finance/article/3082599/china-looks-real-estate-investment-trusts-tap-household?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3082599/china-looks-real-estate-investment-trusts-tap-household?utm_source=rss_feed Sat, 02 May 2020 10:45:10 +0000 Singapore real-estate investment trusts (Reits) have been hit hard by the novel coronavirus outbreak as well as measures put in place by the government to contain the pandemic. Such trusts are companies that own and, in most cases, operate income-generating properties, which can range from office and apartment buildings to warehouses, hospitals and shopping centres. Their shares can be traded in equity markets. The pandemic and containment measures such as lockdowns and social distancing have... https://www.scmp.com/business/article/3082133/singapores-reits-continue-be-squeezed-coronavirus-fallout-and-measures?utm_source=rss_feed https://www.scmp.com/business/article/3082133/singapores-reits-continue-be-squeezed-coronavirus-fallout-and-measures?utm_source=rss_feed Thu, 30 Apr 2020 06:00:15 +0000 Link Reit, the biggest real estate investment trust in Asia, said that it would expand the support package for its tenants hit by the coronavirus outbreak to HK$300 million (US$38.69 million) from HK$80 million announced in February. “The board of directors has approved that we substantially expand our support scheme to echo the government’s economic relief package,” Nicholas Allen, chairman of the board, said on Friday. Link’s move comes after Hong Kong’s leader Carrie Lam Cheng Yuet-ngor on... https://www.scmp.com/business/article/3079418/link-reit-takes-cue-governments-coronavirus-relief-package-expands-tenant?utm_source=rss_feed https://www.scmp.com/business/article/3079418/link-reit-takes-cue-governments-coronavirus-relief-package-expands-tenant?utm_source=rss_feed Fri, 10 Apr 2020 12:00:22 +0000 CapitaLand Mall Trust and CapitaLand Commercial Trust plan to merge their holdings in shopping malls and offices in Singapore and Germany to create the third largest real estate investment trust by market value in Asia-Pacific. CapitaLand Mall Trust will buy all CapitaLand Commercial Trust units by stock, cash and fees worth S$8.3 billion (US$6.2 billion), according to a Singapore stock exchange filing on Wednesday. The combination will put 15 shopping malls and 10 offices, mostly in the... https://www.scmp.com/business/article/3047112/capitaland-create-asia-pacifics-third-largest-reit-us62-billion-merger?utm_source=rss_feed https://www.scmp.com/business/article/3047112/capitaland-create-asia-pacifics-third-largest-reit-us62-billion-merger?utm_source=rss_feed Wed, 22 Jan 2020 03:41:59 +0000 Link Reit, the biggest real estate investment trust in Asia, will enter Australia by acquiring a grade A office building in Sydney for A$683 million (US$469.5 million). The 10-storey office building, 100 Market Street, in the central business district will be bought from US private equity firm Blackstone Group, Link Asset Management, which runs Link Reit, said in a statement on Thursday. The acquisition is Link Reit’s first outside Greater China. The deal is expected to close by early next... https://www.scmp.com/business/article/3042839/link-reit-makes-its-first-foray-outside-greater-china-us4695-million?utm_source=rss_feed https://www.scmp.com/business/article/3042839/link-reit-makes-its-first-foray-outside-greater-china-us4695-million?utm_source=rss_feed Thu, 19 Dec 2019 10:34:45 +0000 When she was chief secretary, Carrie Lam Cheng Yuet-ngor, now Hong Kong’s chief executive, caused a great deal of surprise by saying that the government had three “mountains” or contentious issues to conquer: the Mandatory Provident Fund, the MTR and the Link Reit. Over three years later, those mountains appear like foothills at the base of Everest. The MPF was designed in a rush as the colonial government exited and is unfit for purpose. Among its many deficiencies, the offset mechanism allows... https://www.scmp.com/comment/article/3040578/hong-kongs-three-mountains-mtr-mpf-and-link-reit-are-now-foothills-everest?utm_source=rss_feed https://www.scmp.com/comment/article/3040578/hong-kongs-three-mountains-mtr-mpf-and-link-reit-are-now-foothills-everest?utm_source=rss_feed Fri, 06 Dec 2019 04:00:16 +0000 Link Reit, the biggest real estate investment trust in Asia whose business practices have at times provoked protests from local communities, is looking forward to engaging with Hong Kong’s new slate of pan-democratic district councillors to improve their rapport. While some of the councillors are new faces in the local political scene, the company is keen to meet up with them to understand the views on the ground where Link Reit’s portfolio of assets, such as public wet markets and shopping... https://www.scmp.com/business/companies/article/3039663/link-reit-seeks-engage-pan-dem-councillors-after-hong-kong-asset?utm_source=rss_feed https://www.scmp.com/business/companies/article/3039663/link-reit-seeks-engage-pan-dem-councillors-after-hong-kong-asset?utm_source=rss_feed Thu, 28 Nov 2019 01:15:13 +0000 Link Reit, Asia’s largest real estate investment trust, is discussing rent relief with tenants at 10 of its malls in Hong Kong, it said during the announcement of its interim results on Wednesday. The city’s ongoing anti-government protests have disrupted transport and forced many shops to close early or stay closed for days. “Out of the 126 properties that we have in Hong Kong, we have around 10 properties where we have seen the need to have discussions with our tenants, and we’re doing that on... https://www.scmp.com/business/article/3037587/hong-kong-malls-landlord-link-reit-discussing-rent-relief-tenants-10?utm_source=rss_feed https://www.scmp.com/business/article/3037587/hong-kong-malls-landlord-link-reit-discussing-rent-relief-tenants-10?utm_source=rss_feed Wed, 13 Nov 2019 12:00:14 +0000