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Cheryl Arcibal
Senior Reporter, Business
Before moving to Hong Kong, Cheryl covered the economy in her native Philippines.
Analysts approve the developer’s ‘strategic pivot’, but caution that execution remains key to its success.
A number of market participants say there is reason to believe that more economic relief is on the way.
Trump tax cuts, tariffs will keep interest rates high, but current owners will benefit from his presidency.
A total of 4,697 new and lived-in homes changed hands in October, reversing a two-month decline.
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Strategy also seeks to capture anticipated growth in visits by Western tourists who spend more per capita.
As the average age in Hong Kong and Singapore rises, landlords and developers need to become more in tune with the medical industry.
Pavilia Forest II recorded only one sale as of 5pm on Saturday, while Double Coast I found buyers for 20 units out of 58 flats on offer.
Development costs, poor returns may be holding back developers from URA joint ventures, analysts say.
Strategic pivot aims to ‘ultimately’ double its profit before interest and tax and grow its assets under management to US$100 billion by 2035.
Secondary home prices fell 1.7 per cent in September, while rents rose 0.1 per cent month on month.
Reports of brisk weekend home sales show the housing market will outpace offices in recovery going into 2025, consultancies say.
The company, considered China’s Goldman Sachs, failed to exercise due diligence in S2C’s aborted share listing, CSRC says.
India’s booming economy and growing demand for office space are making it a magnet for many global players.
The developer found buyers for all 198 units in the project, agents said.
Two big deals recorded in Mid-Levels, another one on the books in Happy Valley.
Moody’s says office and retail property segments are likely to remain under pressure.
Chinachem Group, the developer of Echo House, has raised the price of the second batch of 50 flats by about 4 per cent amid a surge in interest.
Robust home sales from first post-stimulus weekend suggest recent tweaks are beginning to inject confidence in the market.
Analysts agree the change will spur buying, but caution a full recovery may take ‘years’ given a glut of new-home inventory.
HKMA allows buyers to borrow up to 70% of a property’s value, with the aim of reviving the market where prices have declined by 6.2% in the year’s first eight months.
Chief executive pledges to turn Hong Kong into an international hub for postsecondary education, earmarks over 80 hectares of land for university town.
Developers still need to offer discounts as market purchasing power is still not sufficient, according to Martin Wong at Knight Frank.
With rents as much as 65 per cent below historical highs, brands from Europe, the US and Japan see a chance to make a splash.
The winner is to surrender 20 per cent of the floor space to the government to ensure its financial viability, instead of 30 per cent; plot ratio reduced to lessen cost.
Korean food is booming in China, with rising exports of ramyeon and rice-based products, while cosmetics face declining market share.
Lower financing costs and greater wealth effect from stock gains are needed to overcome another year of declines in home prices, analysts say.
The government has approved presale consent for several projects, with developers eager to offload unsold inventory.
Japan’s low interest rates and booming tourism are attracting investors like the Chiu family and Dorsett Hospitality International.
Sales of new and lived-in homes, offices, shops, car parks and industrial spaces dropped 18.7 per cent to 3,843 units in September.
The slumping retail market is forcing landlords to extend deeper discounts, providing opportunities for brands to expand in the city.
