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Property Matters

Property Matters
Decoding global real estate trends and investment opportunities
last updated:
9 September, 2024
A view of the city skyline and Huangpu river in Shanghai, on February 24, 2022. Photo: Reuters
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

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China property

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

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.

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.

Buildings under construction in Shanghai. Photo: AFP
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).

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.

More businesses in Hong Kong are looking to downsize their office footprint this year, according to a new survey. Photo: Jonathan Wong
Hong Kong property

Hong Kong property deals plunge as exuberance over scrapping of curbs fades

Hong Kong’s property sales fell by a quarter in May, the latest official data shows, as analysts said the initial exuberance over the lifting of property cooling measures had started to wear off.

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Sales of residential units plummeted 35.1 per cent to 5,546 in May, but were up by 38.54 per cent from a year earlier. Photo: May Tse
Hong Kong property

Hong Kong’s lived-in home prices rise as cheap new units lure buyers: analysts

‘The second-hand market is facing a lot of competition from the first-hand market, so prices have not had much room to grow,’ Colliers researcher says.

International Property

Move over, Portugal? Chinese investors have eyes on Dubai homes

Dubai is shaping up to be a new favourite for buyers, thanks to a booming real estate market and fast-track residency scheme, agents say. It handed out 158,000 ‘golden visas’, dwarfing the 13,000 that Portugal has issued since 2012.

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Hong Kong property

Buyers shun new flats in Tseung Kwan O, as Hong Kong home sales slow

Home purchases in Hong Kong are slowing down after an initial spate of enthusiasm sparked by the government’s rollback of cooling measures in February.

Park Seasons is part of Lohas Park in Tseung Kwan O. Photo: Dickson Lee
Hong Kong property

Why Singapore’s retail sector could prove to be more resilient than Hong Kong’s

Hong Kong residents fill their shopping trolleys and tummies in Shenzhen while Singaporeans hop across to Johor Bahru as they make the most of cheaper prices, denting the stability of their retail sectors.

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Tourists buy souvenirs in Tsim Sha Tsui. The city’s tourism sector could feel the impact of reduced spending by overnight visitors, according to a government forecast. Photo: Edmond So
Hong Kong property

As Hong Kong property launches hit 7-year high, analysts say demand moderating

Buoyed by the brisk sales of flats following the removal of Hong Kong’s property cooling measures, the city’s developers have this year launched 4,800 new units as of last week, a seven-year high.

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Hong Kong property

Why data centre demand will not rescue vacant Hong Kong office buildings

Rising demand for data centres is unlikely to provide relief for Hong Kong landlords and asset owners looking to convert their empty office spaces into industrial property, US asset manager PGIM Real Estate says.

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