https://www.scmp.com/rss/522140/feed The latest news, analysis and opinion on Cushman & Wakefield. In-depth analysis, industry insights and expert opinion. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Cao Li Cao Li With the first wave of commercial Chinese real estate investment trusts (REITs) set to launch in the next two years, Greater Bay Area assets are likely to be in strong demand, according to Deloitte China. “GBA assets will likely be oversubscribed,” according to Ryan Wu, deputy managing partner for Hong Kong Chinese enterprises services with Deloitte China. He was speaking at the recent APREA GBA Conference on the fast-growing C-Reits market, which has recently expanded to include commercial... https://www.scmp.com/business/china-business/article/3337867/greater-bay-area-assets-poised-lead-surge-chinas-expanding-c-reit-market?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337867/greater-bay-area-assets-poised-lead-surge-chinas-expanding-c-reit-market?utm_source=rss_feed Sun, 28 Dec 2025 03:30:11 +0000 Cheryl Arcibal,Peggy Ye Cheryl Arcibal,Peggy Ye Hong Kong home prices are likely to see up to a 5 per cent boost in 2026 on the back of mainland Chinese buyers, interest rate cuts and fewer unsold new flats, according to analysts. In addition, the stamp duty adjustment and Hong Kong’s resurgent stock market were also expected to help sustain stability in the city’s residential property market, according to JLL and Cushman & Wakefield. Those factors, JLL analysts said, were projected to help trim Hong Kong developers’ swollen inventory, which... https://www.scmp.com/business/article/3335944/hong-kong-home-prices-rise-2026-back-mainland-chinese-buyers-rate-cut?utm_source=rss_feed https://www.scmp.com/business/article/3335944/hong-kong-home-prices-rise-2026-back-mainland-chinese-buyers-rate-cut?utm_source=rss_feed Wed, 10 Dec 2025 13:15:30 +0000 Cheryl Arcibal,Salina Li Cheryl Arcibal,Salina Li Hang Seng Bank chief operating officer Vivien Chiu Wai-man has paid HK$40 million (US$5.14 million) for a 1,651 sq ft luxury flat in Happy Valley, joining a growing list of top business executives and affluent residents who are buying high-end real estate in Hong Kong amid an improving property market. The flat in Beverly Hill on Broadwood Road was handed over to Chiu on October 6, according to Land Registry records. Chiu paid HK$24,228 per square foot for the flat, which was a record this year... https://www.scmp.com/business/banking-finance/article/3328392/hang-seng-bank-coo-pays-us514-million-luxury-flat-happy-valley?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328392/hang-seng-bank-coo-pays-us514-million-luxury-flat-happy-valley?utm_source=rss_feed Thu, 09 Oct 2025 10:04:32 +0000 Cheryl Arcibal Cheryl Arcibal A local pharmacy has emerged as the newest tenant on Russell Street in Causeway Bay, filling the space previously leased by Italian luxury lingerie brand La Perla to take advantage of a 46 per cent slump in rents in one of Hong Kong’s costliest retail strips. Yu Shing, the pharmacy owner, is expected to pay about HK$1 million (US$129,000) a month for the premises at 22-24 Russell Street, according to property agents, who declined to be named because the information is private. No other tenancy... https://www.scmp.com/business/article/3306979/hong-kong-pharmacy-joins-russell-street-retail-scene-capitalise-rent-slump?utm_source=rss_feed https://www.scmp.com/business/article/3306979/hong-kong-pharmacy-joins-russell-street-retail-scene-capitalise-rent-slump?utm_source=rss_feed Fri, 18 Apr 2025 01:30:14 +0000 Yuke Xie Yuke Xie A slowdown in Chinese consumer spending on luxury goods is affecting high-end malls in Beijing and Shanghai, with shopping centres like Parkview Green and K11 slashing rents and courting mid-market retailers to attract middle-class shoppers and stem rising vacancy rates. Shanghai K11, an 11-year-old luxury mall owned by the family of Hong Kong billionaire Henry Cheng Kar-shun, was easing its tenant criteria as rental income continued to fall, a source told the Post, declining to provide details... https://www.scmp.com/business/article/3306237/luxury-malls-beijing-shanghai-slash-rents-change-tenant-mix-consumer-spending-dips?utm_source=rss_feed https://www.scmp.com/business/article/3306237/luxury-malls-beijing-shanghai-slash-rents-change-tenant-mix-consumer-spending-dips?utm_source=rss_feed Sun, 13 Apr 2025 02:00:12 +0000 Salina Li Salina Li Hong Kong’s Tsim Sha Tsui was the world’s fourth most expensive shopping district this year, dropping one spot from a year earlier amid shop vacancies, though it remained the ritziest destination for retail therapy in the Asia-Pacific region. Rents in the area, a haven for tourists, rose 7 per cent from a year earlier to US$1,607 per square foot in 2024, real-estate services company Cushman & Wakefield said in a report released on Thursday. New Bond Street in London, which was ranked fourth last... https://www.scmp.com/business/article/3287548/tsim-sha-tsui-named-worlds-fourth-most-expensive-shopping-district?utm_source=rss_feed https://www.scmp.com/business/article/3287548/tsim-sha-tsui-named-worlds-fourth-most-expensive-shopping-district?utm_source=rss_feed Thu, 21 Nov 2024 09:46:30 +0000 Mark Gong Mark Gong Demand for new homes in the Greater Bay Area rebounded last month after Beijing’s historic measures to rescue the property sector took effect. However, a meaningful recovery in prices will take time amid economic headwinds, property consultancy Cushman & Wakefield said on Tuesday. Total transactions for new houses in the bay area numbered 28,584 in June, nearly 20 per cent more than in May, driven by a boost in demand that followed an unprecedented package of government easing measures. The... https://www.scmp.com/business/china-business/article/3271592/greater-bay-area-home-sales-surged-june-after-property-market-rescue-package?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3271592/greater-bay-area-home-sales-surged-june-after-property-market-rescue-package?utm_source=rss_feed Tue, 23 Jul 2024 23:00:14 +0000 Sylvia Ma Sylvia Ma New home sales in the Greater Bay Area (GBA) might increase by 5 per cent this year compared with 2023, thanks to improving transport networks and the introduction of more favourable policies, international real-estate firm Cushman & Wakefield said. The total number of new home transactions will hit about 400,000 deals this year, the firm said on Thursday. The forecast comes as Guangzhou and Shenzhen – two of the biggest mainland Chinese GBA cities – have been rolling out a series of favourable... https://www.scmp.com/business/china-business/article/3248964/improving-transport-favourable-policies-boost-new-home-sales-mainland-chinese-greater-bay-area?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3248964/improving-transport-favourable-policies-boost-new-home-sales-mainland-chinese-greater-bay-area?utm_source=rss_feed Thu, 18 Jan 2024 22:00:25 +0000