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>>
APAC Real Estate Investors Adjust to New Market Forces Amid Rebound From COVID-19 Sponsored Feature
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>>
Li Ka-shing’s CK Asset Sounds Profit Alarm as COVID-19 Crimps Business
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>>
HK Elite Families Buy Floor in Central, Wanchai Project for Combined HK$539M
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>>
Eyes Turn to China for Signs of Economic Recovery Sponsored Feature
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 Welcome S$48.5B COVID-19 Relief Package
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 Freezes Wages as Retail Sales Plunge
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>>
