That was just the start. CK Asset, known as Cheung Kong Property Holdings until it was renamed, would later send a jolt through the market when it priced the Tierra Verde project in Tsing Yi at HK$4,147 per sq ft,...
Rents may soar to record levels this year in Hong Kong, as a fresh crop of incoming students and talent immigrants spur demand for housing, according to the estimates of one of the city’s biggest real estate agency networks.Housing rents...
Embattled Chinese developer Sino-Ocean Group faces the risk of liquidation amid challenges to secure enough consent votes on a restructuring proposal, as a key bondholder group is “strongly opposed” to it.Linklaters, the legal adviser for an ad hoc group of...
The operator of grocery chain 759 Store in Hong Kong is freezing major investment plans and reviewing tenancy agreements for its 165 outlets, after the company reversed into an annual net loss of HK$29.8 million (US$3.8 million) in the year...
Company bosses are turning their attention towards hybrid work environments for their employees, convinced that this approach will help retain talent and boost efficiency.However, as companies optimise their operations, the city’s office market is experiencing setbacks, with vacancy rates reaching...
Sun Hung Kai Properties (SHKP) said it plans to develop a 600-unit residential project in Fanling through a land exchange scheme.The land exchange agreement involves the first phase of the lease of SHKP’s site in Area 10, Fanling North, with...
The number of ultra-wealthy, defined as individuals with a net worth of more than US$30 million, in China fell for the second straight year in 2023 as a sluggish economy and a deepening real-estate downturn took their toll, with Hong...
China enjoys world-class transport infrastructure and mobile and internet coverage. The remarkably low headline consumption rate is simply at odds with observations. China’s actual household consumption is much higher when properly adjusted for social transfers, purchasing power and housing expenditure.Chinese...
Cushman expects some 180,000 new homes to change hands in the second half of the year, up from 133,000 in the first six months. This would further narrow the annualised decline to 20 per cent over the period and take...
A mixed-use commercial building in Kowloon’s Kwun Tong district is on the market, with the owners likely to get a 50 per cent return on investment made a decade ago, according to one estimate.Hong Kong-based private equity firm Gaw Capital...
