Following the announcement of a rental moratorium to support retailers as part of Hong Kong’s budget rollout last week, financial secretary Paul Chan is urging Hong Kong developers to, “consider lowering rents or adjusting the rent structure (as much as)… Read More>>
Shimao Says Will Avoid Default on RMB 1.9B Bond and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shimao Group reportedly plans to repay an onshore bond coming due this weekend, Hong Kong’s Far East Consortium adds to its residential land holdings in the north of England, and China’s local government… Read More>>
Carrie Lam Touts ‘Northern Metropolis’ Scheme in Last HK Policy Address
In the final Policy Address of her current term as Hong Kong’s chief executive, Carrie Lam put housing and land supply issues front and centre, shining the spotlight on a lofty proposal to transform the city’s northern reaches into a… Read More>>
Carrie Lam Mum on Reports Beijing Pushing HK Builders and More Asia Real Estate Headlines
Today’s roundup of regional news headlines kicks off with Hong Kong developers in the hot seat, as a report surfaces that they’ve been pressured to toe the Beijing party line, sending shares tumbling. The city’s top leader had no comment… Read More>>
Hong Kong Cuts Stamp Duty on Non-Residential Property to Revive Market
Hong Kong’s moribund commercial property market is getting a much needed lifeline. After widespread chatter about Chief Executive Carrie Lam and her council considering elimination of the seven-year-old supplementary stamp duty on commercial property, the city’s top leader made the… Read More>>
Brookfield Buying $2B in India Commercial Assets and More Asia Real Estate Headlines
India continues to make headlines this week as Brookfield strikes a deal to buy $2 billion in commercial assets from a Bengaluru-based developer, just days after Blackstone inked its own $1.6 billion deal.
Singapore’s Mapletree also unveiled its own mega-deal,… Read More>>
Hong Kong’s Carrie Lam Turns to Housing Amid Political Turmoil
Hong Kong’s embattled chief executive Carrie Lam announced a raft of measures to help low-income households and the middle classes buy their own homes in her annual Policy Address this week in a belated attempt to tackle high housing prices… Read More>>
China Vanke Buying Stakes in Five Projects From CFLD and More Asia Real Estate Headlines
China Vanke, once the country’s largest developer by sales, had its own downturn int 2016-2017 when it nearly became a business case study in how to stage a mainland hostile takeover. Now that the homebuilder is under government control, it… Read More>>
China Vanke Joins Tencent, Alibaba in RMB 10B CMC Deal and More Asia Real Estate Headlines
Still on the mend from a bruising takeover battle that transformed it into a state-owned entity mainland development giant China Vanke shows signs of expanding beyond its core business in putting buildings this week as it joins the country’s two… Read More>>
Executive Council Said to Approve Vacancy Tax and More Hong Kong Real Estate Headlines
Leading today’s real estate news in Greater China’s commercial powerhouse, Hong Kong’s executive council has reportedly approved a plan for a tax on vacant flats, as city leaders scramble to demonstrate concern over rising home prices. Also in the headlines,… Read More>>