An apartment at the Opus Hong Kong project sold for $64.2M this year as prices peaked
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Hong Kong Home Prices to Fall 17 Percent in 27 months, Says CLSA
CLSA has joined the chorus of other investment banks predicting that Hong Kong will run into a bear property market in the coming months as it forecast a 17 per cent price correction in the next 27 months. In its latest research report, the investment bank said property market purchasing power has been exhausted as developers have been rushing to dispose of their assets. Read more>>
China’s CSCEC Launches Panama’s Biggest Property Project
Panama’s largest residential development project, Ciudad de Esperanza or City of Hope, was launched on Monday by a joint venture between China’s largest construction company and a local Panamanian developer.
The US$137 million project, to be constructed by China Construction America-MCM Consortium, follows soon after the subsidiary of the state-owned Chinese construction giant became ensnarled in a dispute over construction of the largest resort in the Bahamas. Read more>>
Beijing Office Assets Stay Popular With International Investors Says Savills
Industry experts continue saying that despite the recent depreciation of the renminbi, investors remain highly interested in Beijing.
A research by international real estate consultancy company Savills says despite further rental compression, limited prime investment stock combined with steady demand from both domestic and overseas investors is expected to support Grade A office capital values. Read more>>
Swire Extends Research Partnership with Tsinghua University
Swire Properties and Tsinghua University announced today that they will extend a three-year contract for their collaborative project, the Joint Research Centre for Building Energy Efficiency and Sustainability.
Established in September 2011, the Joint Research Centre aims to further identify, study and test new energy strategies by leveraging on Swire Properties’ projects in Mainland China which are in various phases of development. Swire Properties will offer up to HK$5 million per annum in funding for the Joint Research Centre from October 2015 onwards. Read more>>
Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter for headlines as they happen.
Leave a Reply