Property Investment Market and Trend
  • Hong Kong homebuyers sustain buying spree at New World’s Tai Wai project, prompting rival developers to raise prices

    Hongkongers continued their buying spree at New World Development’s latest residential development in Tai Wai in the New Territories, snapping up all of the units offered on Monday, according to property agents.The brisk sales appear to have emboldened some rival developers to raise their prices on units to be released into the market in the coming days. The strong appetite in such big-ticket items comes as a pleasant surprise to analysts, given the city’s surging unemployment rate and record…

  • Hong Kong property market gets second rousing weekend as buyers grab all units at New World’s Pavilia Farm in Tai Wai

    Hong Kong’s property market has witnessed another robust weekend as buyers grabbed all units on offer at a New World Development project, as the government signalled the city’s recession is abating.Homebuyers bought all 181 units on offer at The Pavilia Farm development in Tai Wai at 5.35pm local time on Sunday, according to property agents. The sell-out repeated the feat last weekend, the market’s best performance in a month, despite an average 14 per cent price mark-up.The brisk take-up…

  • How developer creates new era of eco-friendly cities with sustainable, smart homes surrounded by nature

    [Sponsored article] For many international policymakers, the urgent need to revive their recession-hit economies will also overlap with calls to introduce green initiatives to help improve public health and people’s quality of life, including better-designed infrastructure, higher-standard homes and effective environmental protection measures. For Gamuda Land, a Malaysian developer of townships – smaller towns that form part of larger developments – the path to creating sustainable and…

  • Cathay Pacific job cuts will hit Hong Kong housing market as axed pilots, cabin crew move away or downsize, say analysts

    The massive job cuts at Cathay Pacific, Hong Kong’s flagship carrier, are likely to further drag down the city’s flagging property market, with districts close to the airport potentially facing steep cuts in home prices and rents, according to analysts. The embattled airline’s announcement on Tuesday that 5,900 jobs would be axed, including cabin crew and pilots, will further increase the number of jobless residents in Hong Kong, which rose to a near 16-year high of 6.4 per cent in the third…

  • World’s costliest office market shows first signs of weakness, as Hong Kong withdraws biggest commercial site this year, developer cuts rent at Kai...

    In the first signs of a slowdown in Hong Kong’s office property market, the government withdrew this year’s largest commercial site from tender, while Nan Fung Development lowered the asking rent for a grade A office tower under construction at Kai Tak by up to 20 per cent.Bids for the site in Tung Chung, close to Hong Kong International Airport, were received from Sun Hung Kai Properties, CK Asset Holdings and a joint venture of Sino Land and Kerry Properties. About 90 per cent of the project…

  • Midland splits property business amid market slump as founder offers to take control of commercial brokerage unit

    Freddie Wong Kin-yip, the founder of Hong Kong-listed property agency Midland, wants to buy the non-residential arm of the business from the group under a reorganisation to overcome an industry slump. Wong has offered to buy the shares of Midland IC&I at HK$0.09587 each, a small discount of around 0.14 per cent from the last trading price on Monday, according to an exchange filing late on Tuesday. The 69-year-old executive, who established the business in 1973, and his related parties in…

  • Hongkongers, mainland Chinese struck on Montenegro’s passport-for-investment scheme with EU allure in 2025

    The property market of Montenegro, which is seeking membership into the European Union, has gained attention from Hongkongers and mainland Chinese drawn to the Balkan country’s immigration by investment programme. One project called Boka Place in Porto Montenegro, beckons wealthy investors where a piece of the residential and commercial neighbourhood west of the capital of Podgorica starts from 190,000 euros (US$223,740). Since its launch in 2019, the Montenegrin programme has become the…

  • Vending machines enjoy a boom in Hong Kong as coronavirus drives sales of face masks, instant meals

    While traditional retailers are struggling to survive by scaling down or shutting their Hong Kong stores, vending machines are enjoying something of a boom.Some shopping mall and office landlords are slashing the rent they charge operators to install their machines in prominent areas, because they enable transactions without physical contact and draw traffic.Vending machines selling lunchboxes and surgical masks have recorded brisk sales during the Covid-19 crisis, a trend never seen in Hong…

  • JLL’s OfficeBlocks proptech platform allows investors to check rents, vacancies and risk profile with just a photo

    With the coronavirus pandemic disrupting travel and making it impossible to conduct due diligence on prospective real estate investments, a new proptech platform allows potential investors to access information and carry out a detailed analysis, eliminating the need to get on a plane. OfficeBlocks, launched by JLL and Risk Integrated, covers thousands of commercial real estate in major cities across Asia-Pacific, allowing investors anywhere in the world to check rents, vacant floors or units…

  • Technology can help create a database to speed up the development of 1,400 hectares of brownfield sites in Hong Kong

    A think tank in Hong Kong has proposed developing eight brownfield sites situated in the New Territories (and currently planned for public housing use) into a logistics hub. By doing so, they are seeking to meet the increasing demand for logistics sites associated with the sustained growth in online shopping, as well as utilising unused land for reinstatement of generators in the logistics industry. As discussed in my previous article, the government is holding 1,400 hectares of brownfield…

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