Several key factors for a sustainable recovery, such as a sustainable pickup in new home sales and improvement in developer funding, are missing, BofA says in report. READ SOURCE...
Sunac China’s sweetened proposal for US$9.1 billion in offshore debt follows a similar offer by China Evergrande last week, as developers take advantage of improving sentiment. READ SOURCE...
JLL says the trend for diversifying portfolios into commercial and luxury residential properties will continue to rise in Hong Kong, where a mature financial industry makes it an ideal hub for wealth management. READ SOURCE...
The owner of the 1, 219-room, Sheraton-branded property, Shimao Group, is in the process of restructuring US$11.8 billion in debt. READ SOURCE...
The surge in residential rents has fuelled concerns about rising living costs and the city’s ability to attract and retain talent. However, the recent rise comes after years of falling or flat rents, and property prices are just one of...
H Properties has launched initiatives to become more sustainable and keep existing tenants happy, CEO Ryan Ng said. It is also eyeing investments in different asset classes in different markets. READ SOURCE...
With thousands of jobs at risk from Credit Suisse-UBS tie-up and more on the line across the wider financial sector, the outlook for Hong Kong’s office sector looks bleak. READ SOURCE...
Evergrande wants to win bondholders’ support by March 31. Creditors, including hedge funds preying on the market distress, are likely to agree and ride the recovery wave to extract more upside from more than US$100 billion pile of defaulted debt...
With Hong Kong likely to have reached the peak of interest rate increases, sales of new and lived-in homes could hit 66,000 units this year, up nearly 50 per cent from last year, analyst says. READ SOURCE...
Hauser & Wirth, a major Swiss contemporary and modern art gallery, is relocating to new premises in Hong Kong’s Central business district, to give art patrons and customers better access to its galleries, according to one of its top executives....
