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Concerns about the city’s slowing economy, and continued restrictions to control the coronavirus could also deter buyers, property agents said. → Read More
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. → Read More
The next six months is a great time to invest in retail assets, according to Colliers. Easing of social-distancing rules, border reopening hopes and long-term appreciation in Northern Metropolis are some of the reasons. → Read More
The appeal of higher occupancy and profitability is driving investors to buy and convert more hotels in the city into co-living ventures, industry consultants say. → Read More
Lived-in home prices retreated in August for the first time this year from an all-time high. Analysts blamed it on concerns surrounding negative wealth effect and policy curbs. → Read More
Standard Chartered plans to hire 1,500 people over the next three to four years to support its overall Greater Bay Area plan as it eyes a slice of the US$46.5 billion Wealth Management Connect. → Read More
The progress of vaccinations and the lifting of cross-border travel restrictions were prerequisites for a full recovery of the retail sector, Raymond Kwok Ping-luen, SHKP’s chairman and managing director, said on Thursday. → Read More
Fivelements is the latest to pull back, as businesses grapple with how to price Hong Kong’s commercial real estate while consumption is yet to fully recover. → Read More
Rents are likely to rise 10 per cent in this half due to demand from mainland students, economic recovery and vaccinations, Centaline’s Louis Chan says. → Read More
Real estate deals reached HK$468.71 billion (US$60.4 billion) in the January to June period, the most since HK$483.6 billion in the first half of 1997, according to data compiled by Midland Realty. → Read More
Interest in property auctions has risen amid a boom in Hong Kong’s housing market, despite a decline in the number of properties foreclosed. → Read More
Hong Kong’s lived-in home prices were within touching distance of pre-protest days and could set a record over the next two months. → Read More
The abolition of the stamp duty on commercial property is expected to help companies receive a fair price for their assets. → Read More
Hong Kong-based Link Reit, Asia’s largest real estate investment trust, has announced its entry into Europe with a £380 million (US$487.5 million) deal for an office complex housing Morgan Stanley’s headquarters in London. → Read More
Hong Kong hotel operators have called on the government to waive rents and even allow properties to offer empty rooms on long-term leases, or for sale, as a way of survival amid a steep decline in occupancy and rates brought on by 16 weeks of protests in the city. → Read More
Sun Hung Kai Properties, the largest developer by value in the world’s least affordable housing market, said its hotel and shopping centre businesses have been hit hard by the protests that are shaking Hong Kong to its core and deterring visitors. → Read More
Hong Kong’s two top developers revealed plans to sell more than 3,600 homes by the end of the year to support earnings as the outlook for the property market appears uncertain. → Read More
Sun Hung Kai Properties won a residential parcel in Tai Po for a higher-than-expected HK$6.31 billion (US$804 million) on Friday, its second successful government land tender in a month.... → Read More
Hong Kong’s newest micro-sized housing project has been priced at levels that represent a double-digit percentage discount to similar offerings released only a few months earlier.... → Read More
Land scarcity and some of the highest rents in Asia-Pacific have allowed three operators of data centres to dominate the market – estimated at US$883 million – in Hong Kong.... → Read More