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Property Matters

Property Matters
Decoding global real estate trends and investment opportunities
Unfinished buildings in Beijing. Most global banks have dim outlooks for China’s real estate sector, which has been experiencing a renewed sales slump since the second quarter. Photo: EPA
China property

UBS’ China property optimist retreats from bullish calls, foresees deeper slump

Home prices in mainland China are expected to fall for at least another two years as more people prefer renting over buying, John Lam says.

Hong Kong property

Credit Agricole renews Pacific Place lease, reaffirming commitment to Hong Kong

Hong Kong property

Hong Kong developer NWD seals record deal for global firm Aecom’s Asia headquarters

Hong Kong property

Hong Kong homebuyers flock to Henderson Land project in Wan Chai

All 75 new flats on offer at the Woodis residential development on Saturday are sold out.

Potential buyers queue up at the sales office of Henderson’s Woodis project. Photo: Jonathan Wong
Hong Kong property

K. Wah International prices new Tin Hau units at higher level than neighbour

Kabitat Tin Hau project is located at 33 King’s Road and is near an MTR station, firm says.

Hong Kong property

Schroders hit by Hong Kong property slump as banks seize assets

Bank of Communications is weighing options for a loan extended to Schroders for a commercial space at Harbourfront Landmark in Hung Hom.

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Hong Kong property

Hong Kong prime property sees 14% price drop: Knight Frank

Guangzhou has the second-worst performance among 46 cities in the second quarter, followed by Toronto, according to a new study.

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Pedestrians walk past a real estate agency in Causeway Bay, Hong Kong. Photo: Antony Dickson
Britain

Happy home hunters as UK property prices drop by U$14,900 in 3 months

The number of houses for sale is at a decade high, pushing average prices down to US$500,000.

US-China relations

Exclusive | US court to dismiss suit against Texas law to limit Chinese property rights: lawyer

Law set to take effect next month challenged as discriminatory, unconstitutional.

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International Property

US leads Asia-Pacific real estate deals with assets worth US$5 billion

Cross-border real estate investments in Asia-Pacific reaches US$12.1 billion in the second quarter, the most since the third quarter of 2022.

People walk past a real estate agent’s window in Melbourne. Australia was one of the top cross-border real estate investment destinations in the second quarter. Photo: AFP
Hong Kong property

NWD meets 2025 sales target and wins commitment to refinancing

New World reaches sales goal thanks in part to success of Deep Water Pavilia project in Wong Chuk Hang.

The Deep Water Pavilia development in Wong Chuk Hang. Photo: Handout
Hong Kong property

Person connected to HSBC banker buys luxury property for US$15.9 million

The sale comes as sentiment in the city’s property market improves gradually.

Hong Kong property

Hong Kong tops global list for priciest homes despite slump: Deutsche Bank

Prime property prices of US$25,946 per square metre push Hong Kong above Zurich, Singapore and New York: Mapping the World’s Prices report.

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Hong Kong property

Tung Chee-hwa’s sister buys US$15 million Mid-Levels flat at 8.5% discount

The Mid-Levels property deal comes as celebrities, tycoons and other wealthy investors snap up luxury homes at depressed prices.

Grenville House in Mid-Levels. Photo: Winson Wong
Hong Kong property

Hong Kong’s Gale Well continues asset sales with US$66 million Stanley property

The deleveraging property investor has sold a number of properties recently, while other assets remain on the market.

The property at 8 Stanley Beach Road. Photo: Google Maps
China property

China’s new home prices stabilise amid rate cut, funding lifeline for builders

The situation in the secondary market remains a concern as losses in pre-owned homes deepened in April.

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Hong Kong property

Nicholas Tse, Stanley Ho’s family face falling property value amid market slump

Macau tycoon Stanley Ho’s family is selling a site in Tsim Sha Tsui, while actor Nicholas Tse’s shop in Central rented out at a big discount.

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Hong Kong property

Hong Kong retail property fund sells shop at 30% loss

Bridgeway, managed by veteran investor Edwin Lee, sold the shop for HK$18.7 million (US$2.4 million) after acquiring it for HK$27.5 million.

High street shop vacancy rates in Hong Kong’s shopping districts of Central, Causeway Bay, Tsim Sha Tsui and Mong Kok increased by 1 percentage point in the fourth quarter last year. Photo: Dickson Lee
Hong Kong property

Henderson releases price list for Cheung Sha Wan residential project

First 50 flats in Belgravia Place II, with a total of 248 units, are priced at HK$15,968 per square foot on average.

Hong Kong property

Hong Kong’s NWD to launch second State Pavilia offering after weekend sell-out

Developer to put an additional 88 units up for sale ‘in response to the market’s needs’.

Australia

Ageing Australians face a homeless retirement as rents soar

Most Australian retirees who privately rent have been pushed into poverty and don’t have enough savings to keep paying, a new report shows.

Elderly men walk along a beach in Sydney. In Sydney, only 4 per cent of single retirees relying on income support can afford to rent a one-bedroom home, according to a new report. Photo: AFP
Tokyo

Tokyo’s prime office rents rise, but vacancy rates tell a different story

Rents for prime office space in Japan’s capital increased by 5.2 per cent in last year’s third quarter, the most in eight years.

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Office rents in Tokyo rose at the fastest pace in eight years in the third quarter of last year. Photo: Shutterstock
Hong Kong property

Tourism, student accommodation to give hotel assets a bump, experts say

A promising year awaits hoteliers as tourism rebounds and owners looking to sell their assets for better prices, industry experts say.

China property

Shanghai property deals to rise this year amid bargain hunting: JLL

Landlords are willing to reduce prices while high-net-worth individuals pursue safe returns amid deflationary pressure.

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Hong Kong property

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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Oria, a 23-storey residential project in Shau Kei Wan developed by Hip Shing Hong (Holdings). Photo: Handout
China property

Evergrande founder Hui Ka-yan’s spending restricted by Guangzhou court

It has been almost three years since China Evergrande, once the largest real estate developer in China, defaulted on its debts.

Hui Ka Yan was once one of China’s richest people. Photo: Agence France Presse
Hong Kong property

Hong Kong home sales surge to 5-month high amid easier mortgage rules

A total of 4,697 new and lived-in homes changed hands in October, reversing a two-month decline.

John Lee policy address 2024

Hong Kong housing supply to set pace of clampdown on landlords of subpar flats

Deputy financial secretary says timeline for enforcement action under proposed subdivided housing rules to be subject to public rental flat supply.

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