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Cushman & Wakefield

Greater Bay Area home sales surged in June after property market rescue package

by Anas Siddiqui
Greater Bay Area home sales surged in June after property market rescue package

Cushman expects some 180,000 new homes to change hands in the second half of the year, up from 133,000 in the first six months. This would further narrow the annualised …

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Business park near Singapore airport rapidly emptying out, hurting its regional hub ambitions

by Walter Watson
Business park near Singapore airport rapidly emptying out, hurting its regional hub ambitions

IBM, which occupied two namesake buildings with a total of 12 floors at Changi, has reduced its presence to two floors, according to people familiar with the situation, who asked …

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Li Ka-shing’s ParknShop imports more goods from mainland China as Hongkongers flock to Shenzhen for cheaper goods

by Anas Siddiqui
Li Ka-shing’s ParknShop imports more goods from mainland China as Hongkongers flock to Shenzhen for cheaper goods

“The changes in Hong Kong people’s consumption patterns have brought considerable challenges to Hong Kong’s retail businesses,” said Victor Li Tzar-kuoi during CK Hutchison’s annual general meeting on Thursday. “Our …

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Hong Kong’s property market rebound is bittersweet pill for homebuyers as attainability measures seen weakening

by Anas Siddiqui
Hong Kong’s property market rebound is bittersweet pill for homebuyers as attainability measures seen weakening

Hong Kong’s efforts to shore up property prices and end a three-year market slump are bad news for residents seeking to own their first homes in the city, after a …

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Hong Kong and Singapore retail fortunes pick up, but Lion City could win in the long-term

by Anas Siddiqui
Hong Kong and Singapore retail fortunes pick up, but Lion City could win in the long-term

“Both markets have their own good and not-so-good things,” said Anshul Jain, managing director for India and Asia-Pacific at Cushman & Wakefield. “[But] the Singapore market in the [extremely] short …

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Brands increasingly keen on large spaces in Europe’s key arteries

by David Johnson
Brands increasingly keen on large spaces in Europe’s key arteries

Translated by Cassidy STEPHENS Published May 14, 2024 Physical shops are more popular than ever. This is reflected in the luxury industry’s retail strategies. To attract and retain customers, as …

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US$670 million Singapore shopping centre deal backed by Chinese tycoon Du Shuanghua flops after regulator rejects plan

by Walter Watson
US0 million Singapore shopping centre deal backed by Chinese tycoon Du Shuanghua flops after regulator rejects plan

A blockbuster deal backed by a Chinese commodities billionaire to purchase a mall in Singapore’s prime shopping district for about S$908 million (US$670 million) fell apart after plans for its …

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Hong Kong grocers feel pain as locals rush to Shenzhen for cheaper prices; luxury and experiential retailers fare better

by Anas Siddiqui
Hong Kong grocers feel pain as locals rush to Shenzhen for cheaper prices; luxury and experiential retailers fare better

Improved retail sales last year appear to have helped retail landlords, as the average retail rent rose 4 per cent in 2023, according to government data. This put shop rents …

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China real estate: Link Reit to fully acquire Shanghai mall from Vanke for US$331 million

by Anas Siddiqui
China real estate: Link Reit to fully acquire Shanghai mall from Vanke for US1 million

Link Real Estate Investment Trust (Link Reit), Asia’s largest real estate investment trust, is strengthening its operations in mainland China by taking complete control of a retail property in Shanghai …

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Hong Kong luxury retailers adjusting to drop in high-spending Chinese tourists

by Lionel Rogers
Hong Kong luxury retailers adjusting to drop in high-spending Chinese tourists

By Reuters API Published Dec 18, 2023 ​Hong Kong’s luxury retailers are adapting to fewer wealthy Chinese shoppers visiting the city and a shift towards tourists flocking to Instagram-coveted spots …

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