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Cheryl Arcibal
Senior Reporter, Business
Before moving to Hong Kong, Cheryl covered the economy in her native Philippines.
Before moving to Hong Kong, Cheryl covered the economy in her native Philippines.
Areas of Expertise:
Property, insurance, retail, social mediaLanguages Spoken:
English, Filipino
Capital value of commercial property set to fall by up to 10 per cent this year, with office and shop rents also slipping, JLL says.
Shops keep closing despite retail sales growth but certain sectors show ‘leasing velocity’, while both tourist numbers and unemployment rise.
Even a few new high-net-worth residents buying homes would have a ‘significant impact’ on the luxury property market, analyst says.
Overall deals rise 13 per cent, as transaction value reaches a 14-month high and home sales exceed 5,000 for the fourth straight month.
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Group controlled by tycoon Albert Yeung is struggling with debts of HK$16.6 billion, while losses have more than doubled to HK$4.74 billion.
Refinancing loans drive the increase, rising 33.7 per cent to HK$3 billion, the Hong Kong Monetary Authority says.
‘Trophy buildings with large floor plates in Causeway Bay will be the new focus of the market and will draw more tenants,’ JLL says.
Prices could rise up to 5 per cent this year given improving market sentiment and low financing costs, CBRE says.
Chinese buyers’ inquiries for UAE property jumped by 125 per cent quarter on quarter in the first three months of the year, according to Juwai IQI.
Hotel deals made up 45 per cent of commercial real estate transactions in the first three months of the year, the busiest quarter on record.
Hong Kong investors continue to make waves in Japan’s real estate market, rivalling those from the US, Singapore and mainland China.
‘The decline in prices is behind us,’ and the upcycle could last five years, bank’s property research head says.
The last day of operation of Ancient Moon in North Point is on July 19, according to its Instagram post.
The trading firm takes a 223,000 sq ft space in one of the largest leasing transactions in Central in decades.
Decision to defer coupon payments on four series of perpetual bonds threatens a bigger drop in home prices, rating firm says.
Unsold inventory in Phuket rose to 4,982 units across 16 projects at the end of the fourth quarter last year, Colliers said.
The Admiralty Centre outlet serves more than 1,000 customers an hour during peak periods, putting it on a path to surpass the Liverpool Street branch.
Manager of Link Reit expects more rent pressure at home, while Singapore and Australia assets perform well.
An index measuring home prices in the city’s secondary market rose 0.35 per cent from March, according to a government report.
Osaka-based 3Coins store to open in mid-July in Hysan Place; firm plans to sell Japanese grocery products and other items.
Inquiries from Chinese buyers surge and Hong Kong’s Gaw Capital and Black Spade Capital make investments.
The temporary truce in the tariff wars between the US and China also helped improve sentiment in the property market, according to agents.
Investment by Black Spade follows the billionaire’s bet on Vietnamese electric vehicle maker VinFast Auto in 2023.
Concerns over building safety are adding further pressure to a market that was already grappling with slowing demand.
Wang Baoshan paid 22 per cent less than the asking price for the 5,466 sq ft detached house at 8 Perkins Road.
US universities dominate a global ranking by Altrata, led by Harvard with 18,000 ultra-rich alumni, or 4 per cent of the global total.
Hong Kong landlords offer significant discounts to attract tenants amid ongoing retail challenges, reduced tourist spending.
Colliers forecasts commercial real estate deals to increase 14 per cent this year on policy support, valuation appeal.
The three developers will deliver 60 per cent of new homes in 2025 and 2026, up from 40 per cent in 2023 and 2024, JLL says.
