…dlords, such as mall operators, to invest more heavily in technology.” Ma predicts that online retailers will look into establishing brick and mortar stores while existing physical retailers will open up online platforms in the future. “As the rental market is expected to bottom out within this year, our advice to retailers looking to move into bricks and mortar is that they should act fast. Because in a few months’ time, there will be fewer vacan…
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AXA IM Buys Hiroshima Hotel From GreenOak JV for JPY 4.6B
…The deal for the Hiroshima hostelry is also the second sale of a Japanese Red Planet in less than two months, after Hong Kong’s Wing Tai Holdings in June acquired a 134-room Tokyo hotel managed by the Thai chain from GK Rio Grande for JPY 4.25 billion. New Supply Driven by 2020 Olympics The Red Planet Hiroshima Nagarekawa is due for completion in the second quarter of 2020, and is located a ten minute walk from the Hondori shopping arcade and a 2…
China Prepares to Ease ‘3 Red Lines’ and More Asia Real Estate Headlines
…n exit ramp from an imposed floor on mortgage rates. China May Ease ‘Three Red Lines’ Property Rules in Big Shift China is planning to relax restrictions on developer borrowing, dialling back the stringent “three red lines” policy that exacerbated one of the biggest real estate meltdowns in the country’s history. Beijing may allow some property firms to add more leverage by easing borrowing caps and push back the grace period for meeting debt targ…
Daito Trust Will Invest a Combined US$74 million in JustCo and in a New Japan Joint Venture Sponsored Feature
…h exceptional flexibility, opportunities and experiences. Website: https://www.justcoglobal.com/ Facebook: https://www.facebook.com/JustCoGlobal/ LinkedIn: https://sg.linkedin.com/company/justco Instagram: https://www.instagram.com/justcoglobal JustCo Locations: Singapore 1. 6 Raffles Quay 2. 20 Collyer Quay 3. 51 Bras Basah Road 4. 120 Robinson Road 5. Asia Square Tower 2 6. AXA Tower 7. China Square Central (Opening in Q1 2020) 8. MacDonald Hous…
JD.Com Partners with Mainland Brokerage to Lease Homes Online
…rring some of its most successful brokers to serving customers through the online store. Via the online portal, the brokerage says that it enabling potential homebuyers to browse listings of second-hand housing and arrange site visits of properties, as well as handling documents for purchases and rental transactions. The two parties said that, through the new platform, they will also offer extra discounts on commission fees and coupons for buying…
Wanda Takes Aim at O2O Prize with Buy of Online Payment Provider
…n on the Forbes China Rich List for 2014, and already owns China’s biggest online payment service Alipay. Alipay dominates the online payment market in China with an estimated 74.3 percent of the market (according to iResearch) and processed more than $150 billion in payments during 2014. While Wang’s recent Hong Kong IPO of his commercial properties, and expected IPO of his mainland movie theatres may have helped him win back ground on the China…
Wanda Testing New O2O Platform with Tencent, Baidu
…million members in the new scheme before the end of this year. Looking for Online Alternatives For Wanda, the online initiative can be seen at least partially as defensive as China’s online commerce sector has become the fastest growing category of retail sales and mobile commerce grows at double-digit rates Movies are another major component of Ffan’s offerings. According to China’s Ministry of Commerce the country’s online retail sales grew more…
China’s Central Bank, MOHURD Target Indebted Developers
…rt term debt ratio is less than 1.0 times. Companies that exceed the third red line are placed into the “red tier”, while those passing the second line are in the orange tier and enterprises that cross the first marker are in the yellow tier. Firms which keep their debt-to-asset ratios below all the lines are classified in the green tier. Much like China’s colour codes for health dictated where its citizens which citizens were allowed out and abou…
The Millennial Force: Changing the Workplace and its Culture Sponsored Feature
…nd – the same JustCo hospitality, no matter where they are. We make work better by revolutionising how people work, empowering our ever-growing community with exceptional flexibility, opportunities and experiences. Website: https://www.justcoglobal.com/th Facebook: https://www.facebook.com/JustCoGlobal/ LinkedIn: https://sg.linkedin.com/company/justco Instagram: https://www.instagram.com/justcoglobal YouTube: https://www.youtube.com/channel/UC9AoN…
DBS Moves to Kwun Tong as SG Bank Cashes in on Hong Kong’s Red Hot Office Market
…consolidation for DBS, which will be combining operations currently scattered across Kwun Tong, Hong Kong East and Central into a single location under the new lease. The Singapore bank’s registered head office is still on the 11th floor of The Center in Central, according to the Hong Kong Association of Banks. Meanwhile, Goldman Sachs is fleeing the Center, after having leased five floors in Hysan’s Lee Garden Three in Causeway Bay at least in p…