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.
The latest government measures are merely ‘a drop in the ocean’, and rebuilding homebuyers’ confidence in the presale system is a precondition for any revival, analysts say.
Troubled property developer receives lifeline a day after Fitch Ratings downgraded its default ratings.
Zhang Jindong’s business empire was supposed to become the ‘Walmart plus Amazon’ of China. Instead, a soured bet on Italian football club Inter Milan has wiped out his billion-dollar fortune.
Hong Kong stocks fall to two-week low as correction deepened after hawkish comments from US Federal Reserve officials.
Prospective homebuyers are visiting showrooms in droves while transactions have revived, according to agents, soon after Beijing unveiled its most aggressive measures to revive the housing market.
Hong Kong’s efforts to shore up property prices are bad news for residents seeking to own their first homes in the city. It may take longer to attain the target.
The mansion and two adjacent homes, also seized by creditors, are linked to China Evergrande founder Hui Ka-yan, once China’s richest person.
Hong Kong stocks at 10-month highs after China’s property support measures cheer investors.
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.
Recovery in China’s luxury home market is gaining pace, while recent measures by the government could help turn around the fortunes of the property industry.
Hong Kong’s Mai Po wetlands are a magnet for diverse species of birds, but now this natural asset is once again under threat, this time from plans to build an IT hub for its Northern Metropolis.
Beijing has announced 300 billion-yuan in funds to help clear excess housing inventory, as well as measures to ensure developers have access to financing and that homes are delivered on time.
He Lifeng stressed the need to ‘carry on the battle’ to surmount the risks that unfinished and unconstructed homes represent, as the health of the property market is tied closely to social wellness and economic development.
Another set of weak housing market data for April underscores the urgency among officials in Beijing to stem the crisis and rescue some of the nation’s biggest yet cash-strapped developers.
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.
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.
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.
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.