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Property Matters

Property Matters
Decoding global real estate trends and investment opportunities
Mainland tourists are seen in Tsim Sha Tsui. Hong Kong’s retail sales fell 7.3 per cent last year. Photo: Yik Yeung-man
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

Hong Kong property

Henderson releases price list for Cheung Sha Wan residential project

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’.

Potential buyers gathered at the sales office for the State Pavilia project. Photo: Edmond So
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.

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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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.

Hotel porters in Tsim Sha Tsui help guests with their luggages on December 31, 2024. Photo: Eugene Lee
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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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.

People passed a property agency in South Horizons. Photo: Eugene Lee
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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China’s economic stimulus

Beijing declares property sector has ‘bottomed out’, pledges more support

China’s housing ministry unveiled its plan to support the country’s property sector, with an expansion of funding to 4 trillion yuan.

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Hong Kong property

Ambitious NWD growth plans under Adrian Cheng leave company with a big debt load

The litany of projects that Cheng oversaw as CEO of New World made the company one of the city’s most indebted property developers.

Adrian Cheng Chi-Kong in September. Photo: Eugene Lee
China property

Chinese developers scrap discounts after ‘golden week’ sales rebound

State-backed China Resources Land said it would withdraw the 2 per cent discounts for all its residential projects in Beijing.

Taxis in Shenzhen near the border with Hong Kong. Photo: Bloomberg
Hong Kong property

Sentiment in Hong Kong commercial property market up on lower rates, stock rally

In the third quarter, commercial real estate investment volume rose 22.6 per cent quarter on quarter to US$1.28 billion, CBRE said.

China property

Will Beijing’s mortgage-rate cut revive China’s struggling property market?

Chinese homeowners hailed Beijing’s decision to cut mortgage rates by a half-point, though some believe the move will not spark a recovery.

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Hong Kong property

Despite rate cuts, Hong Kong property market remains sluggish

The new cycle of interest rate cuts spurred by the Fed failed to lift Hong Kong’s secondary property market over the weekend.

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A man passed a real estate agency in Taikoo. Photo: SCMP/Eugene Lee
Hong Kong property

These wealthy Hongkongers want cash and need to sell their properties in a flash

All across Hong Kong – from The Peak to South Island and elsewhere – high-net-worth individuals have found themselves caught in a tight spot between their ritzy, overleveraged properties and a quickly draining pool of liquidity.

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Hong Kong property

New roster of owners on The Peak as famous and hidden tycoons steal bargains

Rare fire-sale deals in Hong Kong’s exclusive residential enclave have brought famous and hidden tycoons to the fore.

China property

Shanghai landlords throw in free desks, chairs to lease empty offices

‘Rental fees are going down, and competition is getting fiercer,’ as landlords fight to sustain occupancy rates, CBRE researcher says.

A photo taken on June 5, 2024 shows the Lujiazui financial district. The vacancy rate for premium office buildings in Shanghai is expected to top 24 per cent in the second half of 2024. Photo: AFP
China property

Can China’s mortgage rate cuts revive its faltering property market?

Worried about job cuts and a lack of high-yield investment options, homeowners are rushing to repay home loans and mortgages in advance.

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Residential buildings in Shanghai, China. Photo: Bloomberg
Singapore

‘Frozen in time’: has Singapore’s Sentosa Cove lost its allure after 20 years?

Residents and industry insiders reflect on a changing landscape as new regulations and market shifts reshape Sentosa Cove’s future.

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Singapore

‘Priced out’: Singapore’s housing affordability dilemma looms over coming vote

With home prices soaring and wallets squeezed, simmering anger over the government’s handling of the housing market threatens to boil over.

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China's economic recovery

China to ‘vigorously’ expand finished-home sales in property-sector overhaul

A successful trial in Zhengzhou will be expanded nationwide to give developers and projects ample funding, and to compensate homebuyers if developers go under.

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Beijing’s emphasis on selling finished homes is a rectification of the once-rampant practice of Chinese developers launching home sales before units were built. Photo: Bloomberg
International Property

Start-up PlanetDao sees abandoned Japanese temples as hot tourism investments

Company wants to turn a growing number of vacant temples and onsens into unique lodgings, with buy-in starting at 34,540 yen (US$217).

This abandoned temple in Japan’s Wakayama prefecture will become a unique overnight attraction for tourists under start-up PlanetDao’s plans. Photo: Handout
International Property

Central London home prices drop as UK election creates uncertainty

Prices fell slightly amid ‘a degree of caution’ in the market, Savill’s says. Meanwhile the new government’s proposed tax on school fees may hit Hongkongers who send their children to the UK.

Hong Kong property

A quarter of Hong Kong companies plan cuts in office space, survey shows

A weak economic recovery and geopolitical uncertainties have had more companies ‘talking about money’ when making rental decisions, according to Colliers.

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