Hong Kong- and mainland China-based buyers could return to UK property markets on prospects of lower interest rates and mortgage costs.
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).
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.
Buyers from Hong Kong and Singapore, where rental yields stand in the low single digits, are showing particular interest, agents say.
Canberra’s withdrawal of a golden visa scheme and its decision to cap its migrant intake could hurt high-end home sales as Asian buying could shrink.
With 132 transactions in the year to March, Hong Kong beat its main rival, Singapore, which recorded 88 deals in what the property consultancy referred to as the super-prime residential market.
OCBC’s headquarters complex consists of the 52-storey OCBC Centre and smaller buildings nearby. As the buildings are designated historic structures, the bank has to be careful with the makeover, CEO says.
Tyni’s cabins are classified as ‘vehicles’, meaning they can be placed in conventionally inaccessible or protected natural locations without the need for lengthy building permits and development approvals, according to CEO Mori Nishimura.
Growth in rentals on luxury residential properties cooled last quarter, as policymakers took steps to rein in inflation. Sustained demand, however, will keep the market bullish this year, Knight Frank says.
Distressed properties in Europe are presenting opportunistic gains for global investors because of supply and demand imbalances and pressure from high borrowing costs, UK-based Patron Capital Partners says.
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.
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.
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.
Vanke has held discussions with parties including state-owned investment company Guangdong Holdings and a Tianjin-based state-owned firm to exit its investment, said people familiar with the matter.
Philippine chain Hotel101 Global targets 1 million rooms and a presence in more than 100 countries after signing an agreement to merge with a Hong Kong company, which aims to list on Nasdaq in New York.
Rents in Singapore’s office market rose in the first three months of the year, shaking off two consecutive quarters of declines as some tenants snapped up limited premium spaces and others renewed their leases instead of relocating owing to cost considerations, according to Colliers.
‘Foreign investor appetite could not be stronger for Japan at the moment,’ JLL analyst says.
Hong Kong has been shut out of the rankings in a survey of innovation and concentration of talent in which cities in the Asia-Pacific region took five of the top 10 spots.
Chinese investors who have borrowed from the bank to buy a house abroad are facing a double-whammy as they contend with an economic slowdown at home and surging interest rates across the globe that are hampering their ability to pay for their purchases, according to analysts.
Bobobox, Indonesia’s largest outdoor accommodation operator, is looking to expand into either Japan or the US this year, as it seeks to deploy its sleeping pods and cabins in two of the world’s most developed lodging markets, according to its president.
Of the 30 cities monitored in the Savills World Prime Residential Index, 17 will see price declines, with Hong Kong projected to see the highest drop of up to 10 per cent and as much as 3.9 per cent in Singapore.