Property

Hong Kong & China
International
LUXE Homes
Sunac’s logo on a residential compound in Beijing. Photo: Reuters

Business

Sunac’s onshore debt deal bodes well for China’s troubled property sector: experts

The deal could ‘provide a viable reference model for other embattled Chinese property developers’.

More Hong Kong home buyers may lose deposits, agents say

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Embattled Chinese developer Vanke suffers Fitch Ratings bond downgrade

Business

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

China Business

Founder of Chinese developer Zhenro faces action on ‘suspected illegal activities’

Ou Zongrong placed under legal compulsory measures after restructuring support agreement expired, according to holding company.

China Business

Country Garden gets a 4-month reprieve in Hong Kong liquidation

Earlier this month, developer released its first proposal to restructure as much as US$11.6 billion in liabilities.

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Business

Will higher school fees, new taxes turn Hongkongers away from UK properties?

Additional education fees, a new tax scheme and slowing growth in rental rates could turn Hongkongers away from UK property.

People view the office buildings of the City of London from Parliament Hill in the Hampstead suburb of north London. Photo: AFP
People view the office buildings of the City of London from Parliament Hill in the Hampstead suburb of north London. Photo: AFP

Business

More foreign property investors are likely to sell Greater Bay Area assets

Analysts attributed the expected sales to escalating geopolitical tensions and lower investment yields.

Business

First-time homebuyers snap up Tuen Mun flats amid easing economic worries

Early Light had sold more than three-quarters of the 280 flats on offer at The Reserve in New Territories by Saturday afternoon.

Business

CEO of Hong Kong’s NWD buys company-built flat for US$6.4 million

Echo Huang Shaomei, appointed in November as the second new CEO in two months, purchases 4-bedroom, 1,522 sq ft North Point home.

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A view of the historic State Theatre Building in North Point, site of New World Development’s State Pavilia project. Photo: Jelly Tse

China Business

Home prices in China’s biggest cities stabilise under stimulus measures

Prices across 70 major cities fell in December by the smallest percentage in 18 months, and prices in the four biggest metropolises rose.

Residential buildings are pictured in Shanghai on September 29, 2024. Photo: Reuters
Residential buildings are pictured in Shanghai on September 29, 2024. Photo: Reuters

China Business

China developer Vanke’s fate in question as shares and bonds drop amid rumours

A government takeover could be seen as a positive development in the market, according to an analyst.

Business

Defunct Hong Kong gym chain owner sells 4 flats at over 40% discount

Disposal involved four units at Park Haven development in Causeway Bay, which were sold by Physical owner Luk Ngai-keung.

Banking & Finance

Hong Kong’s CTF Services to issue US$100 million in convertible bonds

The infrastructure unit under Chow Tai Fook Enterprises said it will apply to list the new shares on the Hong Kong exchange.

A view of the Hong Kong Convention and Exhibition Centre in Wan Chai, which CTF Services manages. Photo: Edmond So

China Business

Slew of indebted Chinese developers face reckoning in Hong Kong courts

Sunac and Shimao have received new liquidation petitions, while Country Garden and Times China face court hearings this month.

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Cases involving indebted mainland Chinese developers will come up before the courts in Hong Kong that will decide their fate. Photo: Warton Li
Cases involving indebted mainland Chinese developers will come up before the courts in Hong Kong that will decide their fate. Photo: Warton Li

Companies

Troubled Chinese developer Country Garden’s loss for first half of 2024 narrows

Foshan-based developer also says revenue for first half of 2024 fell 55 per cent to 102 billion yuan (US$13.9 billion).

Business

Distressed property deals to rise in Hong Kong this year as sellers cut prices

High interest rates and uncertainties in the global economy are cited as reasons why distressed deals will rise in 2025.

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Spending

Why restaurants are replacing shops, changing Hong Kong’s retail landscape

The mix of tenants in malls and at street level is changing as restaurateurs pounce on slumping rents to expand, often taking the spaces left behind by retailers forced to leave during the pandemic.

illustratio by perry tse
illustratio by perry tse

Business

Magnate warns of tough times as Hang Lung kicks off results season

The comments by Chan showed how Hong Kong has been caught since 2019 by a series of turbulent events, including months of anti-government protests, US sanctions and a Covid-19 pandemic in its third year.

Business

Hong Kong, mainland cities worst performers in index tracking home rent growth

Upmarket home rents in Hong Kong and Shenzhen declined in the year’s first half, bucking the global trend of increases among 30 cities tracked by property consultancy Savills.

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Business

Hong Kong’s Peak Lookout restaurant has rent halved as Covid wipes out tourism

The owners of the iconic Hong Kong restaurant, previously a huge draw for tourists with its prime location, are now paying less than half the monthly HK$230,000 (US$29,300) they were forking out on a lease signed pre-pandemic.

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With its red, pitched roof, it has the appearance of an old English country cottage, with stone walls, arched windows and a visible chimney. Photo: Dickson Lee
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OPINION
Nicholas Spiro

The View | Hong Kong property market gloom has become self-fulfilling prophecy

Nicholas Spiro
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Winnie Ho Wing-yin

Opinion | How government plans to improve lot of Hongkongers in poor housing playing

Winnie Ho Wing-yin
Prof Zhang Jun

Opinion | How China’s fast-transforming economy can avoid painful L-shaped growth

Prof Zhang Jun
Nicholas Spiro

The View | Asia’s property markets are shrugging off political risks

Nicholas Spiro
Mike Rowse

Opinion | Hong Kong’s small flats will drive international talent elsewhere

Mike Rowse
Dennis Lee

Opinion | How inaction sustains Hong Kong’s plague of subdivided flats

Dennis Lee
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MULTIMEDIA
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How Sands China is driving Macau 3.0

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NBA, Sands China collaborate to stage pre-season games in Macau

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Bitcoin surge stalls as crypto investors grow cautious

08:14
Video

Bridgewater's Prince says China is a 'unique opportunity' as funds diversify

06:08
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