Asia Pacific real estate investment news and information
Hong Kong will put commercial land sales on hold for the coming financial year, the city’s financial secretary Paul Chan Mo-po announced on Wednesday, citing “considerable challenges” afflicting the sector and high vacancy rates.
“In view of the high vacancy… Read More>>
The Hong Kong government talks up the housing market and warns of a ballooning budget deficit, with that story leading today’s headline roundup. Also in the news, Seoul office deals record their first annual growth since 2020 and Shanghai lived-in… Read More>>
Hong Kong is rolling back all taxes on residential property transactions in an effort to put a floor under a protracted housing market slump that has seen residential property prices slide to seven-year lows.
In his annual budget speech to… Read More>>
Hong Kong’s finance chief delivered the city’s budget in a speech on Wednesday, with the planning document introducing tax cuts for first-time buyers of small homes as the government tries to jump-start sales in the world’s least affordable housing market.
In today’s roundup of regional news headlines, a development site expected to yield 1,040 homes goes up for sale in Singapore, Hong Kong’s finance chief digs in his heels as his rent deferral plan takes flak, and offices in Seoul’s… Read More>>
In today’s roundup of regional news headlines, Hong Kong’s government backtracks on its planned six-month rent moratorium, Chinese developer Shimao reports slumping sales at its Shanghai-listed unit, and proxy advisors sign off on the proposed merger of ESR-REIT and ARA… Read More>>
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>>
Hong Kong’s government on Wednesday released a fiscal 2022-23 budget promising to increase land sales for housing and commercial development and tap cash reserves to jump-start infrastructure works within the planned Northern Metropolis.
In an announcement shadowed by the city’s… Read More>>
Leading today’s Hong Kong real estate news, the city’s “Shop King” Tang Shing-bor seems to be snapping up another shed, with reports that the veteran real estate investor paid HK$1.6 billion for a 13-storey industrial building in the Kwai Chung… Read More>>
They’re back. Or maybe they never really left, but three of China’s biggest developers reappeared in Hong Kong’s property news late last week as the mainland heavyweights joined the bidding for mixed-use site in Tsing Yi. And the New Territories… Read More>>
