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Hong Kong property

Rents on luxury homes cool in first quarter as Singapore drags market while Sydney, Auckland and London log best gains

by Anas Siddiqui
Rents on luxury homes cool in first quarter as Singapore drags market while Sydney, Auckland and London log best gains

Rents on luxury properties in 15 major world cities rose last quarter by the slowest pace in more than three years, as prices weakened in Singapore, Toronto and Hong Kong, …

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Hong Kong buyers shun new flats at Wheelock’s Park Seasons project as home sales slow in May

by Anas Siddiqui
Hong Kong buyers shun new flats at Wheelock’s Park Seasons project as home sales slow in May

Wheelock priced the latest batch between HK$4.5 million and HK$7.8 million after discounts. The average price of the units, which start at 283 square feet, rose marginally from the previous …

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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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Hong Kong is missing out on Asia-Pacific office property boom as supply glut puts off investors: Colliers

by Anas Siddiqui
Hong Kong is missing out on Asia-Pacific office property boom as supply glut puts off investors: Colliers

Hong Kong is missing out on an office investment boom in the Asia-Pacific region this year as a supply glut and high vacancy rates put investors off the segment, according …

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Heavy rain dampens sales at Great Eagle’s Onmantin project in Ho Man Tin with 67 units sold of 150

by Anas Siddiqui
Heavy rain dampens sales at Great Eagle’s Onmantin project in Ho Man Tin with 67 units sold of 150

The listings for the one- to three-bedroom units, ranging from 340 sq ft to 783 sq ft, were priced from HK$7.01 million (US$897,200) to HK$19.4 million, or HK$18,597 to HK$28,350 …

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Hong Kong property deals double to near 3-year high as scrapping of cooling measures spurs buying demand

by Anas Siddiqui
Hong Kong property deals double to near 3-year high as scrapping of cooling measures spurs buying demand

Hong Kong’s property transactions came close to a three-year high in April, with 9,880 units changing hands according to official data, as the removal of cooling measures continued to boost …

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As Hong Kong property launches hit 7-year high, analysts say pent-up demand may moderate

by Anas Siddiqui
As Hong Kong property launches hit 7-year high, analysts say pent-up demand may moderate

CK Asset Holdings will also launch 15 of the 70 remaining units in its El Futuro project in Sha Tin. The first batch of the project was launched in 2020. …

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Why rising demand for data centres will not rescue Hong Kong office buildings with high vacancy rates

by Anas Siddiqui
Why rising demand for data centres will not rescue Hong Kong office buildings with high vacancy rates

Locally, demand for AI tools is also likely to expand. Nearly three-quarters of Hong Kong’s businesses feel they are ready to incorporate new technologies including AI by the end of …

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Hong Kong home prices rise for first time in 11 months as removal of cooling measures boosts demand

by Anas Siddiqui
Hong Kong home prices rise for first time in 11 months as removal of cooling measures boosts demand

The data released on Friday was the first set of monthly figures for the secondary market since all restrictions on buying were scrapped on February 28. “After the complete withdrawal …

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More pain ahead for Hong Kong retailers as residents flock to Shenzhen for cheaper goods, slowing recovery

by Anas Siddiqui
More pain ahead for Hong Kong retailers as residents flock to Shenzhen for cheaper goods, slowing recovery

Hong Kong’s economic recovery is slowly filling up retail spaces in the city, pushing vacancy rates to a three-year low. The rebound, however, is bypassing the northwestern part of the …

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