Property

Hong Kong & China
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Evergrande Centre in Shanghai, China. Photo: AFP

Property

Creditors pursue court action against Evergrande, Shimao amid housing slump

China’s developers collectively have over 700 billion yuan worth of property bonds due this year.

Indebted developer Sunac China faces liquidation threat in Hong Kong

Chinese builder Country Garden details offshore debt restructuring

Business

China state-backed developers offload land acquired during market peak

Analysts believe more firms will follow suit in an effort to ease their liquidity crises.

Vanke residential buildings under construction in Hangzhou, China. Photo: AFP
Vanke residential buildings under construction in Hangzhou, China. Photo: AFP

Business

Allan Zeman’s Lan Kwai Fong Group plans major entertainment hub in Xian

The planned project ‘is huge and it’ll be the largest Lan Kwai Fong we have,’ Zeman says.

Banking & Finance

Hong Kong developer NWD’s shares slump on slow debt-cutting progress

The stock has dropped 7 per cent this year after losing more than 50 per cent of its value last year.

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Business

Hong Kong to offer single land plot this quarter amid developer caution

The plan for the Tung Chung site has been revised to allow for 745 flats following an unsuccessful tender in 2023.

A view of developments in Tung Chung New Town on June 17, 2024. Photo: Jelly Tse
A view of developments in Tung Chung New Town on June 17, 2024. Photo: Jelly Tse

Business

Hong Kong property: 10,000 new flats set to hit market in 2025

Low prices will persist as developers offload inventory, but the market will fail to woo investors, according to experts.

China Business

Shanghai’s December lived-in home sales hit 4-year high on incentives

Homeowners still had to offer discounts to get deals done, as analysts warn the uptick may be short-lived amid a bearish economic outlook.

Entertainment

Breaking Bad house is up for sale if you have US$4 million to spare

Single-storey house in Albuquerque, New Mexico, where Walter White lived and which has become a magnet for TV show’s fans, is on the market.

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Poles for a new fence to keep fans at bay stand outside the house used in the TV series Breaking Bad in Albuquerque, in the US state of New Mexico eight years ago. The house is for sale. The price? Just under US$4 million. Photo: AP

Hong Kong property deals drop in December as slump thins agent ranks

Transactions rose 17 per cent in 2024 despite a December decline of 28.3 per cent, according to government data.

A property agent works in a shop in Tin Hau on April 26, 2024. Photo: Jelly Tse
A property agent works in a shop in Tin Hau on April 26, 2024. Photo: Jelly Tse

Tech Trends

Chinese AI firm SenseTime reduces office space in Singapore

The retreat underscores the competition faced by SenseTime in a new AI era, and the changing fortunes of Singapore’s prime office market.

Business

Hong Kong developer cuts prices in Shau Kei Wan project amid oversupply

New price list takes average price in the district to the lowest level since September 2016 for primary launches: Midland Realty data.

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China Business

China property: rising home sales bode well for sector reeling for last 4 years

China’s property market shows signs of recovery, with rising home sales in major cities, boosting hopes for stabilisation in 2025.

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Home sales in China’s top four tier-one cities – Beijing, Shanghai, Guangzhou and Shenzhen – rose 35 per cent year on year in December. Photo: EPA-EFE

Business

Hong Kong’s property market to maintain momentum after deals hit 3-year high

Property transactions totalled 67,662, valued at US$68.2 billion in 2024, according to Midland data.

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The increase in Hong Kong’s property transactions was led by new home sales. Photo: Dickson Lee
The increase in Hong Kong’s property transactions was led by new home sales. Photo: Dickson Lee

Business

Hong Kong’s wealthy lose billions as they succumb to slumping home values

Tycoons like Chen Zhuolin, Hui Ka-yan and the Ho Shung-pun family sold homes and offices at significant losses, reflecting the broader market slump.

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China Business

New year, old problems for Chinese developers with debt crunch unresolved

Little respite for troubled developers as home sales remain in the doldrums, funding constraint persists.

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Spending

Why restaurants are replacing shops, changing Hong Kong’s retail landscape

The mix of tenants in malls and at street level is changing as restaurateurs pounce on slumping rents to expand, often taking the spaces left behind by retailers forced to leave during the pandemic.

illustratio by perry tse
illustratio by perry tse

Business

Magnate warns of tough times as Hang Lung kicks off results season

The comments by Chan showed how Hong Kong has been caught since 2019 by a series of turbulent events, including months of anti-government protests, US sanctions and a Covid-19 pandemic in its third year.

Business

Hong Kong, mainland cities worst performers in index tracking home rent growth

Upmarket home rents in Hong Kong and Shenzhen declined in the year’s first half, bucking the global trend of increases among 30 cities tracked by property consultancy Savills.

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Business

Hong Kong’s Peak Lookout restaurant has rent halved as Covid wipes out tourism

The owners of the iconic Hong Kong restaurant, previously a huge draw for tourists with its prime location, are now paying less than half the monthly HK$230,000 (US$29,300) they were forking out on a lease signed pre-pandemic.

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With its red, pitched roof, it has the appearance of an old English country cottage, with stone walls, arched windows and a visible chimney. Photo: Dickson Lee
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OPINION
Winnie Ho Wing-yin

Opinion | How government plans to improve lot of Hongkongers in poor housing playing

Winnie Ho Wing-yin
Prof Zhang Jun

Opinion | How China’s fast-transforming economy can avoid painful L-shaped growth

Prof Zhang Jun
Nicholas Spiro

The View | Asia’s property markets are shrugging off political risks

Nicholas Spiro
Mike Rowse

Opinion | Hong Kong’s small flats will drive international talent elsewhere

Mike Rowse
Dennis Lee

Opinion | How inaction sustains Hong Kong’s plague of subdivided flats

Dennis Lee
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Nicholas Spiro

The View | How Australia’s housing crisis opens door for eager Asian investors

Nicholas Spiro
4
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MULTIMEDIA
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How Sands China is driving Macau 3.0

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NBA, Sands China collaborate to stage pre-season games in Macau

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Bitcoin surge stalls as crypto investors grow cautious

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Bridgewater's Prince says China is a 'unique opportunity' as funds diversify

06:08
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TRENDING TOPICS
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