Chendu, the capital of Sichuan province, also plans to reduce land supply in areas where the supply of residential and commercial properties exceeds demand, while also encouraging market players to convert spare and idle non-residential housing into low-rent homes, it...
Locally, demand for AI tools is also likely to expand. Nearly three-quarters of Hong Kong’s businesses feel they are ready to incorporate new technologies including AI by the end of next year, rising to 90 per cent by the next...
As of 7pm, 220 of the 260 flats on offer at Onmantin were already sold, according to agents. The project recorded 7,500 orders from prospective buyers, or 28 times more than the initial number of flats on offer.“The project received...
Hong Kong real estate market stalwart Ronnie Chan Chi-chung has stepped down as chairman of Hang Lung Group after more than three decades at the helm, passing the baton to the third generation in the family to run one of...
The data released on Friday was the first set of monthly figures for the secondary market since all restrictions on buying were scrapped on February 28.“After the complete withdrawal of property cooling measures, the market’s conditions changed,” said Derek Chan,...
Hong Kong property developer New World Development (NWD) is selling 18 units in a recently completed grade A office project in Kowloon.The project, located at 83 Wing Hong Street in Cheung Sha Wan, has been developed by a joint venture...
Hong Kong’s economic recovery is slowly filling up retail spaces in the city, pushing vacancy rates to a three-year low. The rebound, however, is bypassing the northwestern part of the city because of the attraction of cheaper goods and services...
At the beginning of this year, futures markets were pricing in six quarter-point cuts in US interest rates in 2024. The Federal Reserve, the world’s most important central bank, expected only half the amount of monetary easing. Yet, by the...
Chinese tycoon Chen Hongtian faces demands on more than US$200 million of overdue property-related loansA Chinese tycoon who had snapped up mansions and offices in Hong Kong and London faces demands from banks to repay more than $200 million of...
“There’s no need to be concerned,” he said. “It’s a question of how you can play to your strengths going forward. And therefore I wouldn’t even make that comparison whether it is still the number one capital for luxury goods...
