https://www.scmp.com/rss/521765/feed The latest news and top stories on Savills. A leading entity in the Real Estate Services sector, London-based Savills plc is a global real estate advisor with over 700 offices and associates in more than 70 countries across the Americas, Europe, Asia Pacific, Africa, and the Middle East. They specialise in a broad range of advisory, management, and transactional services for residential, commercial, and rural properties, including investment and property management. Primarily serving a diverse... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Cheryl Arcibal Cheryl Arcibal Hong Kong’s Tsim Sha Tsui has retained its title as Asia’s priciest luxury retail strip, commanding €16,160 (US$18,980) per square metre in annual rents, as the city remains among the world’s most active markets in terms of new high-end store openings, according to Savills. London’s Bond Street replaced Tsim Sha Tsui as the top global luxury retail property market with rents of €19,228 per square metre per year, according to the ninth edition of the UK-based property consultancy’s Global Luxury... https://www.scmp.com/business/article/3353134/hong-kongs-tsim-sha-tsui-tops-asia-luxury-retail-rents-bond-street-worlds-priciest?utm_source=rss_feed https://www.scmp.com/business/article/3353134/hong-kongs-tsim-sha-tsui-tops-asia-luxury-retail-rents-bond-street-worlds-priciest?utm_source=rss_feed Mon, 11 May 2026 08:35:05 +0000 Zhu Wenqian Zhu Wenqian Technology firms are increasingly gravitating towards premium office space in Shenzhen’s core business districts, offering a degree of support to the city’s office market. However, vacancies are expected to remain elevated in the near term as a wave of new supply continues to outpace demand, analysts said. The city’s technology sector – spanning artificial intelligence, consumer electronics and robotics – remained a key driver of leasing activity, particularly in western submarkets such as... https://www.scmp.com/business/article/3352056/shenzhen-office-market-gains-steam-tech-and-services-demand-vacancies-remain-high?utm_source=rss_feed https://www.scmp.com/business/article/3352056/shenzhen-office-market-gains-steam-tech-and-services-demand-vacancies-remain-high?utm_source=rss_feed Sun, 03 May 2026 03:00:20 +0000 Cheryl Arcibal Cheryl Arcibal China has become one of the largest sources of investment in land parcels and other properties in Singapore, as the safe-haven status of Southeast Asia’s top financial hub continues to attract global capital, according to analysts. China-linked developers and business entities have become more active in the market, said Alan Cheong, executive director for research and consultancy at Savills Singapore. “Chinese developers who have had experience in Singapore are now familiar with the rules,... https://www.scmp.com/business/article/3352046/singapores-safe-haven-status-draws-more-chinese-capital-property-sector?utm_source=rss_feed https://www.scmp.com/business/article/3352046/singapores-safe-haven-status-draws-more-chinese-capital-property-sector?utm_source=rss_feed Sun, 03 May 2026 02:00:09 +0000 Zhu Wenqian Zhu Wenqian Shenzhen’s residential inventory has fallen to a seven-year low, putting the southern technology hub ahead of other first-tier Chinese cities in clearing excess housing stock – a condition investors see as essential for a broader property market recovery. While inventory had declined across major Chinese cities, analysts said the recovery remained uneven after five consecutive years of weakness in the housing market. A broader rebound across city tiers and property types is likely to take... https://www.scmp.com/business/article/3351407/why-shenzhen-may-be-first-climb-out-chinas-property-slump?utm_source=rss_feed https://www.scmp.com/business/article/3351407/why-shenzhen-may-be-first-climb-out-chinas-property-slump?utm_source=rss_feed Sun, 26 Apr 2026 04:00:09 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s reputation as a safe haven could be reinforced by the geopolitical shock waves from the US-Israel conflict with Iran, potentially supporting demand for premium office space in its core business districts, according to analysts. While the city was not insulated from global uncertainty, it could benefit over the medium term as Gulf investors reassessed geographic diversification and sought stable financial hubs, said Jack Tong, director of research and consultancy at Savills Hong... https://www.scmp.com/business/article/3349700/geopolitical-tensions-may-bolster-hong-kong-office-demand-gulf-capital-looks-east?utm_source=rss_feed https://www.scmp.com/business/article/3349700/geopolitical-tensions-may-bolster-hong-kong-office-demand-gulf-capital-looks-east?utm_source=rss_feed Mon, 13 Apr 2026 01:00:11 +0000 Zhu Wenqian Zhu Wenqian Major Chinese property developers reported operating losses in 2025 as a recovery in the world’s second-largest economy remained elusive after five years of decline, with some headline profits driven mainly by non-cash gains from debt restructuring. China Vanke posted a record 88.56 billion yuan (US$12.9 billion) loss last year in the latest sign that mainland developers continued to struggle under debt pressure and slowing residential sales. The developer said its annual revenue fell 32 per... https://www.scmp.com/business/article/3348596/vanke-posts-record-8856-billion-yuan-loss-china-property-market-woes-linger?utm_source=rss_feed https://www.scmp.com/business/article/3348596/vanke-posts-record-8856-billion-yuan-loss-china-property-market-woes-linger?utm_source=rss_feed Wed, 01 Apr 2026 01:58:21 +0000 Zhu Wenqian Zhu Wenqian Several years ago, prime ground-floor spaces in major shopping malls across Beijing and Shanghai’s business districts were commonly occupied by electric vehicle (EV) showrooms, with staff often escorting customers to car parks for test drives. Many of these stores have now closed amid sluggish EV sales – yet mall owners have not been left disappointed. Instead, a new retail landscape is emerging, filled with tenants who are proving to be even more effective at drawing crowds and boosting rental... https://www.scmp.com/business/article/3346537/china-mall-shuffle-evs-exit-whos-filling-ground-floor-showrooms?utm_source=rss_feed https://www.scmp.com/business/article/3346537/china-mall-shuffle-evs-exit-whos-filling-ground-floor-showrooms?utm_source=rss_feed Sun, 15 Mar 2026 04:00:12 +0000 Zhu Wenqian Zhu Wenqian For Steven Zhou, a 40-year-old Beijing office worker, suburban outlet stores offer a better shopping experience than urban malls, allowing him to escape the city, park his car without frustration and, most importantly, find good deals. “Outlets offer a wide selection of brands, with attractive discounts, especially on sportswear,” Zhou said. Across the mainland, outlets are expanding while traditional and luxury malls face high vacancy rates. Offering well-known brands at discounted prices,... https://www.scmp.com/business/article/3345736/chinas-shoppers-head-suburban-outlets-bright-spot-retail-property?utm_source=rss_feed https://www.scmp.com/business/article/3345736/chinas-shoppers-head-suburban-outlets-bright-spot-retail-property?utm_source=rss_feed Sun, 08 Mar 2026 00:30:08 +0000 Kolette Lim Kolette Lim Singapore’s real estate giants are taking hits as China’s property downturn drags into another year, with declining rents, emptier buildings and falling values weighing on their results. But analysts say Beijing’s huge market and recent policy support mean most investors are unlikely to pull back entirely, instead becoming far more selective about where they invest. Recent earnings from several Singapore firms show the pressure building across their China portfolios, even as investors watch for... https://www.scmp.com/week-asia/economics/article/3345777/singapore-developers-feel-heat-chinas-property-woes-continue?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3345777/singapore-developers-feel-heat-chinas-property-woes-continue?utm_source=rss_feed Sat, 07 Mar 2026 00:00:09 +0000 Cao Li Cao Li Singapore is the most expensive city in the Asia-Pacific region to outfit an office, driven by increased labour costs, a shortage of contractors and strict building standards, according to real estate consultancy Knight Frank. The city had the highest average fit-out cost at US$2,029 per square metre – ahead of Tokyo (US$1,994) and Taipei (US$1,593) – in the firm’s survey of 23 cities across Australasia, East Asia, Southeast Asia and India. It was also the most expensive place to set up an... https://www.scmp.com/business/article/3345398/singapore-offices-cost-most-outfit-asia-pacific-survey-says?utm_source=rss_feed https://www.scmp.com/business/article/3345398/singapore-offices-cost-most-outfit-asia-pacific-survey-says?utm_source=rss_feed Wed, 04 Mar 2026 08:30:32 +0000 Peggy Ye Peggy Ye McDonald’s has sold another Hong Kong retail property for HK$93.5 million (US$11.9 million), extending its asset sell-down and bringing total proceeds to about HK$580 million. The ground-floor unit at Mount Sterling Mall in Mei Foo Sun Chuen, Lai Chi Kok, was sold on February 27 to Huge Power (China) Ltd., according to Land Registry records. Companies Registry filings show the directors as Kwok Chong-wah, Kwok Lap-yin and Kwok Shun-sing, members of a veteran investor family. The 6,915 square... https://www.scmp.com/property/article/3345368/mcdonalds-sells-hong-kong-shop-outside-disposal-plan-us119-million?utm_source=rss_feed https://www.scmp.com/property/article/3345368/mcdonalds-sells-hong-kong-shop-outside-disposal-plan-us119-million?utm_source=rss_feed Wed, 04 Mar 2026 06:28:54 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s struggling office landlords are ramping up efforts to convert their assets into co-working spaces and student accommodation in a bid to adapt to intense competition and the flight to quality, according to analysts. With some 3.5 million sq ft of new premium office space expected to be completed this year and next, on top of the 4.5 million sq ft added in 2024 and 2025, tenants are increasingly choosing to relocate to new and modern offices, leading to diverging fortunes for big... https://www.scmp.com/business/article/3344901/hong-kongs-small-office-landlords-turn-co-working-student-hostels-survive?utm_source=rss_feed https://www.scmp.com/business/article/3344901/hong-kongs-small-office-landlords-turn-co-working-student-hostels-survive?utm_source=rss_feed Sat, 28 Feb 2026 23:30:08 +0000 Nicholas Spiro Nicholas Spiro Concerns about the impact of generative artificial intelligence (AI) abound. At the end of last year, uncertainty over the monetisation of AI was the dominant theme in stock markets. Many investors are worried about the mismatch between the vast sums of money being spent on computing power and the relatively meagre revenues from AI companies and services. While monetisation remains a major concern among investors, fears about AI tools undermining the viability of established business models have... https://www.scmp.com/opinion/asia-opinion/article/3344296/why-ai-disruption-isnt-major-threat-indias-booming-office-market?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3344296/why-ai-disruption-isnt-major-threat-indias-booming-office-market?utm_source=rss_feed Mon, 23 Feb 2026 08:30:08 +0000 Cheryl Arcibal Cheryl Arcibal May Chan is looking for a home that she can call her own. The freelancer wants to buy a flat, but high mortgage rates as well as uncertainty in the property market kept her from taking the plunge. “I would like to buy a flat, if I can afford it,” she said. “It would certainly help if there are discounts.” Now that mortgage rates have stabilised and there is less uncertainty about property prices, she hopes to find a reasonably priced home. With Hong Kong’s residential property market stabilising... https://www.scmp.com/business/article/3344098/hong-kong-homebuyers-face-dwindling-discounts-property-market-stabilises?utm_source=rss_feed https://www.scmp.com/business/article/3344098/hong-kong-homebuyers-face-dwindling-discounts-property-market-stabilises?utm_source=rss_feed Mon, 23 Feb 2026 01:30:13 +0000 Zhu Wenqian Zhu Wenqian Hong Kong developer Swire Properties is doubling down on mainland China retail, betting accelerated investment in larger, more mature cities – combined with its deep local knowledge – can deliver growth despite the slowing retail property market. The developer will launch its first Taikoo Place in Beijing in phases in late 2026, open a Taikoo Li in Sanya – a tropical city in the island province of Hainan – by the end of this year, and open another Taikoo Li in Xian, capital of northwestern... https://www.scmp.com/business/article/3341100/swire-properties-remains-bullish-mainland-retail-despite-slowing-market?utm_source=rss_feed https://www.scmp.com/business/article/3341100/swire-properties-remains-bullish-mainland-retail-despite-slowing-market?utm_source=rss_feed Sun, 25 Jan 2026 22:30:12 +0000 Zhu Wenqian Zhu Wenqian More economy and mid-range hotel operators in China are leasing office buildings for conversion to guest accommodation, and such flexible, mixed-use approaches are expected to increase amid a continued weakening of the office market. In some Chinese cities, the practice of multiple hotel brands co-leasing separate floors within a single building has become more prevalent, fuelled by interest from both property owners and hotel operators. In Hangzhou, the capital of eastern China’s Zhejiang... https://www.scmp.com/business/article/3340179/hotel-conversions-gain-traction-chinas-office-market-amid-high-vacancies?utm_source=rss_feed https://www.scmp.com/business/article/3340179/hotel-conversions-gain-traction-chinas-office-market-amid-high-vacancies?utm_source=rss_feed Sun, 18 Jan 2026 03:00:10 +0000 Zhu Wenqian Zhu Wenqian Singapore and Beijing have emerged among the world’s most liveable cities for tech workers, according to Savills’ inaugural Matcha Index, which ranks locations by buzz and by the spaces where these employees can work, connect and spark ideas over a hot – or cold – matcha drink. The index, released on Tuesday, pointed out how cafe culture has become a vital part of the social infrastructure that supports the tech ecosystem, and that matcha lattes have taken over as the “go-to” drink for young... https://www.scmp.com/business/china-business/article/3338901/singapore-beijing-land-top-10-savills-inaugural-matcha-index-global-tech-cities?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3338901/singapore-beijing-land-top-10-savills-inaugural-matcha-index-global-tech-cities?utm_source=rss_feed Tue, 06 Jan 2026 23:30:10 +0000 Peggy Ye Peggy Ye Vobile Group, a US-based technology firm that helps Hollywood studios protect and monetise online video, has bought the top floor of Hong Kong’s Bank of America Tower, snapping up a rare Central office at a steep discount as cash-rich companies begin testing the city’s bruised commercial property market. The Emmy Award-winning company, which works with Disney, Warner Bros., Paramount and Lionsgate and listed in Hong Kong in 2018, bought the 37th floor of the grade A office building in Admiralty... https://www.scmp.com/business/companies/article/3338192/us-anti-piracy-firm-vobile-snaps-top-floor-bank-america-tower-steep-discount?utm_source=rss_feed https://www.scmp.com/business/companies/article/3338192/us-anti-piracy-firm-vobile-snaps-top-floor-bank-america-tower-steep-discount?utm_source=rss_feed Wed, 31 Dec 2025 00:30:09 +0000 Peggy Ye Peggy Ye Hong Kong property developers are bringing new trophy homes to market, as Wharf Holdings kicked off a tender on Friday for three mansions at its ultra-luxury Plantation Road project on The Peak. The tender marked one of the most closely watched super-luxury home offerings in 2025, following a recent string of high-value transactions that pointed to renewed confidence in the market among affluent buyers. The three mansions, with saleable areas ranging from 5,629 to 6,122 square feet, include the... https://www.scmp.com/business/companies/article/3337885/hong-kong-developers-test-demand-ultra-luxury-homes-new-launch-peak?utm_source=rss_feed https://www.scmp.com/business/companies/article/3337885/hong-kong-developers-test-demand-ultra-luxury-homes-new-launch-peak?utm_source=rss_feed Sun, 28 Dec 2025 02:00:11 +0000 Chen Hong Chen Hong Landlords in Hong Kong and Singapore are expected to continue allocating space to flexible office operators as multinational corporations reshape the sector’s risk profile and fuel long-term demand, according to industry experts. A major driver behind this shift is the rapid change in who uses flexible workspaces. Global companies now represented 41 per cent of Asia-Pacific flex office users, the highest proportion worldwide and nearly triple North America’s 14 per cent, according to Piers... https://www.scmp.com/business/article/3336733/hong-kong-and-singapore-landlords-embrace-flex-offices-multinationals-reshape-demand?utm_source=rss_feed https://www.scmp.com/business/article/3336733/hong-kong-and-singapore-landlords-embrace-flex-offices-multinationals-reshape-demand?utm_source=rss_feed Sun, 21 Dec 2025 03:30:10 +0000 Zhu Wenqian Zhu Wenqian Stand-alone flagship stores with distinctive architectural facades, long prevalent in global metropolises like Tokyo, Seoul and New York, are gradually gaining traction in China, as the country’s retail landscape undergoes a broader shift from enclosed malls towards open-air and street-facing formats. More luxury brands are setting up such flagships in places like Beijing’s Taikoo Li Sanlitun North, a trendy open-air commercial block developed and operated by Hong Kong’s Swire... https://www.scmp.com/business/china-business/article/3337052/dior-louis-vuitton-ditch-chinas-malls-shopping-streets-replicate-ginzas-charm?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337052/dior-louis-vuitton-ditch-chinas-malls-shopping-streets-replicate-ginzas-charm?utm_source=rss_feed Sun, 21 Dec 2025 02:00:08 +0000 Nicholas Spiro Nicholas Spiro Numbers do not always tell the whole story. But they are revealing nonetheless. In 2013, direct investment transaction volumes in India’s commercial property sector stood at around US$1.3 billion. By contrast, in China (excluding Hong Kong), investment activity reached US$27 billion. In South Korea, transactions stood at US$12.2 billion, data from MSCI shows. The woefully low level of investment in India – a leading emerging market that at the time was already the world’s third-largest economy... https://www.scmp.com/opinion/asia-opinion/article/3336433/indias-property-market-enters-big-league-challenges-remain?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3336433/indias-property-market-enters-big-league-challenges-remain?utm_source=rss_feed Mon, 15 Dec 2025 08:30:08 +0000 Zhu Wenqian Zhu Wenqian Shanghai’s luxury retail market is set to become increasingly competitive, fuelled by a citywide shift as prime malls embrace experiential concepts to differentiate themselves. Hong Kong developer Hang Lung Properties on Friday said that it had secured a 20-year lease for the No 1038 West Nanjing Road commercial project – formerly known as Meilong Town – in partnership with Shanghai Join Buy Group. The project would be transformed into a mixed-use complex integrating retail, hospitality and... https://www.scmp.com/business/article/3336280/hong-kong-developers-lead-evolution-shanghais-retail-scene-new-malls-concepts?utm_source=rss_feed https://www.scmp.com/business/article/3336280/hong-kong-developers-lead-evolution-shanghais-retail-scene-new-malls-concepts?utm_source=rss_feed Sun, 14 Dec 2025 03:30:14 +0000 Cheryl Arcibal,Themis Qi Cheryl Arcibal,Themis Qi A buyer bearing the same name as veteran investor Xu Liusheng is the latest owner of a luxury home in Hong Kong after acquiring a HK$342 million (US$43.9 million) unit in the affluent Southern district, with the transaction adding to a growing list of prime assets being snapped up following years of falling prices. The buyer shares the name of the owner of Shenzhen Kaifu Investment, who is known for acquiring shares in public companies in mainland China. Shenzhen Kaifu was recently deregistered,... https://www.scmp.com/business/article/3333683/us44-million-sale-hong-kong-luxury-home-linked-mainland-chinese-investor?utm_source=rss_feed https://www.scmp.com/business/article/3333683/us44-million-sale-hong-kong-luxury-home-linked-mainland-chinese-investor?utm_source=rss_feed Fri, 21 Nov 2025 08:43:37 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s luxury residential rents are likely to climb another 3 to 5 per cent next year as growing numbers of returning Western expatriates and home-grown professionals drive demand for high-end accommodation, according to Savills. Deals were expected to exceed the 660 last year, said Jack Tong, the property consultancy’s director of research. “The outlook remains cautiously positive,” he added. For next year, Savills expected “stable to gently rising luxury rents as the supply of prime units... https://www.scmp.com/business/article/3332283/returning-expats-fuel-hong-kongs-luxury-rental-rebound-savills-says?utm_source=rss_feed https://www.scmp.com/business/article/3332283/returning-expats-fuel-hong-kongs-luxury-rental-rebound-savills-says?utm_source=rss_feed Wed, 12 Nov 2025 00:30:08 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong ranks fourth globally as a destination for high net worth individuals (HNWIs) thanks to its robust business and economic fundamentals as well as its educational credentials, but trails perennial rival Singapore, according to a Savills study. Dubai took the top spot, followed by New York and then Singapore, with Abu Dhabi in fifth, the consultancy said in its inaugural HNWI Hotspot Index, released on Tuesday. The report analysed nearly 100 destinations on five metrics: business... https://www.scmp.com/business/banking-finance/article/3332353/hong-kong-ranks-behind-dubai-singapore-list-top-destinations-rich?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3332353/hong-kong-ranks-behind-dubai-singapore-list-top-destinations-rich?utm_source=rss_feed Tue, 11 Nov 2025 09:49:48 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s office segment is picking up due to leasing demand from mainland Chinese law firms and financial groups, supported by a buoyant stock market that has seen an increasing number of companies launch initial public offerings (IPOs) in the city. Office-leasing activity in August grew for a fifth straight month, with tenants absorbing 313,800 sq ft of net space, according to data compiled by JLL. The overall vacancy rate in the city increased 0.1 per cent to 13.5 per cent month on month in... https://www.scmp.com/business/article/3326583/hong-kongs-office-market-sees-resurgence-ipo-boom-demand-chinese-law-firms?utm_source=rss_feed https://www.scmp.com/business/article/3326583/hong-kongs-office-market-sees-resurgence-ipo-boom-demand-chinese-law-firms?utm_source=rss_feed Wed, 24 Sep 2025 00:30:09 +0000 Cheryl Arcibal Cheryl Arcibal The resumption of a policy easing cycle following the US Federal Reserve’s quarter-point interest-rate reduction is likely to spur more investments into property globally, according to analysts. For mainland China and Hong Kong, however, the impact could be less significant owing to fundamental and geopolitical strains, they added. “Rarely do central banks do ‘one and done’,” said Pamela Ambler, head of capital markets research for Asia-Pacific at JLL. “This [Fed] cut is likely to kick off a... https://www.scmp.com/business/article/3326288/feds-rate-cut-fuel-property-investment-globally-hong-kong-faces-hurdles?utm_source=rss_feed https://www.scmp.com/business/article/3326288/feds-rate-cut-fuel-property-investment-globally-hong-kong-faces-hurdles?utm_source=rss_feed Mon, 22 Sep 2025 00:30:12 +0000 Cheryl Arcibal Cheryl Arcibal South Korea’s new restrictions on foreign homebuyers are likely to cool housing prices in Seoul and neighbouring cities, according to property agents, following a surge in the number of buyers from mainland China and Hong Kong who bought homes in the middle and high-end segments of the market. Hongkongers and mainland Chinese had acquired 96,955 properties in South Korea as of May, a 78.5 per cent increase from the 54,320 real estate assets that they owned in 2020, according to a report by The... https://www.scmp.com/business/article/3325389/south-koreas-ban-foreign-homebuyers-cool-seoul-prices-chinese-investments?utm_source=rss_feed https://www.scmp.com/business/article/3325389/south-koreas-ban-foreign-homebuyers-cool-seoul-prices-chinese-investments?utm_source=rss_feed Sun, 14 Sep 2025 02:00:18 +0000 Salina Li Salina Li Mainland Chinese buyers and “smart money” from Southeast Asia will continue “bottom-fishing for trophy assets” in Hong Kong’s luxury property market as prices remain depressed through 2025, according to the director and head of residential sales at Savills. Capital from Singapore had been flowing to Hong Kong because the Singaporean market had not declined, Thomas See said. “Some smart money has noticed that prices of real estate in Hong Kong have already fallen by 30 to 40 per cent,” he said,... https://www.scmp.com/business/article/3322075/hong-kong-luxury-property-southeast-asian-smart-money-fishing-trophy-assets?utm_source=rss_feed https://www.scmp.com/business/article/3322075/hong-kong-luxury-property-southeast-asian-smart-money-fishing-trophy-assets?utm_source=rss_feed Sun, 17 Aug 2025 01:30:16 +0000 Salina Li Salina Li Hong Kong’s super luxury property market has seen 35 transactions worth about HK$23 billion (US$2.93 billion) in the past 19 months, with ownership shifting from local property-industry tycoons to mainland buyers who have made their fortunes in hot industries, according to Savills. Wealthy buyers from mainland China accounted for 80 per cent of the deals worth HK$300 million or more – 24 in 2024 and nine in the first seven months of this year, said Thomas See, the property consultancy’s director... https://www.scmp.com/business/article/3321362/hong-kong-ultra-luxury-homes-mainland-chinese-buyers-drive-us3-billion-buying-spree?utm_source=rss_feed https://www.scmp.com/business/article/3321362/hong-kong-ultra-luxury-homes-mainland-chinese-buyers-drive-us3-billion-buying-spree?utm_source=rss_feed Mon, 11 Aug 2025 01:30:14 +0000 Yuke Xie Yuke Xie US investment in Asia-Pacific real estate jumped 31 per cent year on year in the second quarter, as investors chased yields and stable growth in markets such as Australia, Singapore and Japan amid looming tariff challenges. Mainland China, meanwhile, was weighed down by an ongoing property crisis and mounting default risks. Cross-border real estate investments in Asia-Pacific reached US$12.1 billion in the second quarter, a 50.1 per cent surge year on year and the highest level since the third... https://www.scmp.com/business/article/3320449/us-leads-second-quarter-asia-pacific-real-estate-deals-assets-worth-us5-billion?utm_source=rss_feed https://www.scmp.com/business/article/3320449/us-leads-second-quarter-asia-pacific-real-estate-deals-assets-worth-us5-billion?utm_source=rss_feed Sun, 03 Aug 2025 01:30:16 +0000 Cheryl Arcibal Cheryl Arcibal Wimbledon, the London suburb best known for being home to the tennis tournament of the same name, is resisting the decline of home prices in the UK capital, according to agents. With celebrities such as tennis legend Boris Becker and X Factor judge and executive producer Simon Cowell among the list of past and present residents, Wimbledon has outperformed the rest of prime southwest London in terms of pricing, according to Savills. In the second quarter, home prices in Wimbledon’s prime district... https://www.scmp.com/business/article/3318797/wimbledon-courts-wealthy-homebuyers-amid-decline-london-home-prices?utm_source=rss_feed https://www.scmp.com/business/article/3318797/wimbledon-courts-wealthy-homebuyers-amid-decline-london-home-prices?utm_source=rss_feed Mon, 21 Jul 2025 01:30:12 +0000 Peggy Sito Peggy Sito Swire Properties and its partner in mainland China are preparing to lease the second phase of their retail venture in Shanghai, after shifting 18 buildings on the Zhangyuan site sideways with robots to make way for the construction of a multi-level underground mall. The joint venture aimed to release the space in stages from next year, according to Holly Zhang Yuanfu, deputy general manager of Shanghai Jing’an Urban Regeneration Construction Development, the owner of the site. The first phase of... https://www.scmp.com/business/article/3318811/swire-lease-more-zhangyuan-retail-space-after-record-18-building-move-robots?utm_source=rss_feed https://www.scmp.com/business/article/3318811/swire-lease-more-zhangyuan-retail-space-after-record-18-building-move-robots?utm_source=rss_feed Sun, 20 Jul 2025 02:00:16 +0000