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Property Matters

Property Matters
Decoding global real estate trends and investment opportunities
Residential buildings are seen under construction in Fuyang, Anhui province, on December 15. Photo: Getty Images
China consumption

China vows city-specific fixes to clear housing glut, stabilise property sector

Housing minister pledges to empower local governments to buy unsold inventory and shift towards selling only finished homes with a ‘what you see is what you get’ model.

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China property

UBS’ China property optimist retreats from bullish calls, foresees deeper slump

Hong Kong property

Credit Agricole renews Pacific Place lease, reaffirming commitment to Hong Kong

Hong Kong property

Hong Kong developer NWD seals record deal for global firm Aecom’s Asia headquarters

Multinational firms, including Ralph Lauren and Lush, drive up occupancy rate of NWD’s grade A office building in Cheung Sha Wan.

Tenants at 83 King Lam Street include multinational companies from the US, Japan and Europe, according to NWD. Photo: Handout
Hong Kong property

Hong Kong homebuyers flock to Henderson Land project in Wan Chai

All 75 new flats on offer at the Woodis residential development on Saturday are sold out.

Hong Kong property

K. Wah International prices new Tin Hau units at higher level than neighbour

Kabitat Tin Hau project is located at 33 King’s Road and is near an MTR station, firm says.

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Hong Kong property

Schroders hit by Hong Kong property slump as banks seize assets

Bank of Communications is weighing options for a loan extended to Schroders for a commercial space at Harbourfront Landmark in Hung Hom.

Schroders owns three floors of commercial space at Harbourfront Landmark in Hung Hom district. Photo: Google
Hong Kong property

Hong Kong prime property sees 14% price drop: Knight Frank

Guangzhou has the second-worst performance among 46 cities in the second quarter, followed by Toronto, according to a new study.

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Britain

Happy home hunters as UK property prices drop by U$14,900 in 3 months

The number of houses for sale is at a decade high, pushing average prices down to US$500,000.

US-China relations

Exclusive | US court to dismiss suit against Texas law to limit Chinese property rights: lawyer

Law set to take effect next month challenged as discriminatory, unconstitutional.

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The Texas Capitol in Austin, Texas, Friday. Photo: Xinhua
International Property

US leads Asia-Pacific real estate deals with assets worth US$5 billion

Cross-border real estate investments in Asia-Pacific reaches US$12.1 billion in the second quarter, the most since the third quarter of 2022.

People walk past a real estate agent’s window in Melbourne. Australia was one of the top cross-border real estate investment destinations in the second quarter. Photo: AFP
Hong Kong property

NWD meets 2025 sales target and wins commitment to refinancing

New World reaches sales goal thanks in part to success of Deep Water Pavilia project in Wong Chuk Hang.

Hong Kong property

Person connected to HSBC banker buys luxury property for US$15.9 million

The sale comes as sentiment in the city’s property market improves gradually.

Hong Kong property

Hong Kong tops global list for priciest homes despite slump: Deutsche Bank

Prime property prices of US$25,946 per square metre push Hong Kong above Zurich, Singapore and New York: Mapping the World’s Prices report.

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View of residential buildings in Mid-Levels. Photo: May Tse
Hong Kong property

Tung Chee-hwa’s sister buys US$15 million Mid-Levels flat at 8.5% discount

The Mid-Levels property deal comes as celebrities, tycoons and other wealthy investors snap up luxury homes at depressed prices.

Grenville House in Mid-Levels. Photo: Winson Wong
Hong Kong property

Hong Kong’s Gale Well continues asset sales with US$66 million Stanley property

The deleveraging property investor has sold a number of properties recently, while other assets remain on the market.

China property

China’s new home prices stabilise amid rate cut, funding lifeline for builders

The situation in the secondary market remains a concern as losses in pre-owned homes deepened in April.

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Hong Kong property

Nicholas Tse, Stanley Ho’s family face falling property value amid market slump

Macau tycoon Stanley Ho’s family is selling a site in Tsim Sha Tsui, while actor Nicholas Tse’s shop in Central rented out at a big discount.

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Mainland tourists are seen in Tsim Sha Tsui. Hong Kong’s retail sales fell 7.3 per cent last year. Photo: Yik Yeung-man
Hong Kong property

Hong Kong retail property fund sells shop at 30% loss

Bridgeway, managed by veteran investor Edwin Lee, sold the shop for HK$18.7 million (US$2.4 million) after acquiring it for HK$27.5 million.

Hong Kong property

Henderson releases price list for Cheung Sha Wan residential project

First 50 flats in Belgravia Place II, with a total of 248 units, are priced at HK$15,968 per square foot on average.

Hong Kong property

Hong Kong’s NWD to launch second State Pavilia offering after weekend sell-out

Developer to put an additional 88 units up for sale ‘in response to the market’s needs’.

Potential buyers gathered at the sales office for the State Pavilia project. Photo: Edmond So
Australia

Ageing Australians face a homeless retirement as rents soar

Most Australian retirees who privately rent have been pushed into poverty and don’t have enough savings to keep paying, a new report shows.

Elderly men walk along a beach in Sydney. In Sydney, only 4 per cent of single retirees relying on income support can afford to rent a one-bedroom home, according to a new report. Photo: AFP
Tokyo

Tokyo’s prime office rents rise, but vacancy rates tell a different story

Rents for prime office space in Japan’s capital increased by 5.2 per cent in last year’s third quarter, the most in eight years.

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Hong Kong property

Tourism, student accommodation to give hotel assets a bump, experts say

A promising year awaits hoteliers as tourism rebounds and owners looking to sell their assets for better prices, industry experts say.

China property

Shanghai property deals to rise this year amid bargain hunting: JLL

Landlords are willing to reduce prices while high-net-worth individuals pursue safe returns amid deflationary pressure.

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A view of the city skyline and Huangpu river in Shanghai, on February 24, 2022. Photo: Reuters
Hong Kong property

Hong Kong developer cuts prices in Shau Kei Wan project amid oversupply

New price list takes average price in the district to the lowest level since September 2016 for primary launches: Midland Realty data.

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Oria, a 23-storey residential project in Shau Kei Wan developed by Hip Shing Hong (Holdings). Photo: Handout
China property

Evergrande founder Hui Ka-yan’s spending restricted by Guangzhou court

It has been almost three years since China Evergrande, once the largest real estate developer in China, defaulted on its debts.

Hong Kong property

Hong Kong home sales surge to 5-month high amid easier mortgage rules

A total of 4,697 new and lived-in homes changed hands in October, reversing a two-month decline.

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