The CEOs of major landlords and developers in Hong Kong have made building on the normalisation that began last year a top priority for 2024, with a focus on strengthening balance sheets, evolving tenant portfolios and exploring new business opportunities.These...
“Our Central retail portfolio is a global, brand-defining destination and we are seeing several of our tenants eyeing expansion and innovation. We will be announcing exciting plans to innovate and optimise retail space in the Central portfolio in the first...
The new guidelines, set to come into effect next summer, will require licensed estate agents to obtain a legal opinion from a lawyer practising in the place where the unfinished property is situated. Their advice must cover due diligence on...
Real estate giant China Vanke is selling its stake in luxury hotel chain Banyan Tree Holdings’ China units, a deal that will generate 480 million yuan (US$67 million) for the developer seeking to weather the country’s property downturn.Vanke will sell...
In the first 11 months of the year, property prices fell by 5.59 per cent.Things have not improved this month, according to Derek Chan, head of research at Ricacorp Properties. 06:47Living in 15 sq ft: Inside Hong Kong’s coffin homes...
The HK$10 billion (US$1.3 billion) property development venture with Hong Kong’s New World Development (NWD) in the Northern Metropolis area indicated Beijing-controlled China Resources Land’s (CR Land) support for Hong Kong’s economic development and long-term prosperity, the chief of the...
The site, covering an area of around 150,000 square feet in the southern part of Yuen Long, is expected to be developed into some 2,000 residential units. The total value of the development is expected to be HK$10 billion upon...
In an effort to boost a stagnant housing market, China’s local governments have been urging residents to sell their old homes in exchange for new ones, but the call has so far yielded lacklustre results with prospective buyers fearing that...
“Dubai has reached a tipping point and instead of jostling for recognition, the city is going toe to toe with the world’s long-established hubs as a magnet for the world’s wealthy,” Durrani said.The city’s transport infrastructure, global connectivity and forward-thinking...
China’s largest state-owned banks are lowering their deposit rates for the third time in 2023, in their latest effort to ease the pressure on their net interest margins (NIM) and to improve profitability.The NIM is the amount of money that...
