Markets avoid uncertainty and that aversion has been evident in Greater China this year as never before as the COVID-19 crisis disrupted the region’s economy and drove steep reductions in new leases and real estate investments during the first half… Read More>>
One of Hong Kong’s largest property developers, together with its parent firm, is warning of a potential loss this year as a result of the COVID-19 crisis, as the pandemic takes a toll on real estate values.
Hang Lung Properties,… Read More>>
The COVID-19 pandemic rocked real estate markets across Asia Pacific during the first quarter, and weighed on investor sentiment after property transactions had reached record highs during 2019.
This year, government stimulus packages have provided protection for jobs and livelihoods,… Read More>>
The property conglomerate chaired by the son of Hong Kong’s richest man has warned shareholders to expect a fall in profits for the first half of the year, marking the first time the company has issued a profit warning since… Read More>>
The British turned over Hong Kong to mainland China more than twenty years ago, but the city’s elite seem to still recall late UK Prime Minister Winston Churchill’s admonition never to waste a crisis.
With the COVID-19 pandemic putting pressure… Read More>>
After a mandated shutdown due to the COVID-19 pandemic, a small factory making fitness accessories in China’s Hunan province roused back to life in late February. New measures mandated the wearing of protective gear, like masks, but otherwise production was… Read More>>
Singapore developers, REITs and property analysts have thrown support behind the city’s new Resilience Budget, a S$48.5 billion ($34 billion) COVID-19 stimulus package that includes a 100 percent property tax rebate for qualifying commercial properties.
Minister for Finance Heng Swee… Read More>>
CapitaLand is freezing wages company-wide as one of a series of measures to counter the impact of the coronavirus outbreak on its business, according to a company announcement.
The Singapore-based real estate group said that the wage freeze, which applies… Read More>>