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Hong Kong may need 7 to 15 years to digest city’s glut of commercial space, experts say

How do you solve a 15-million-square-foot empty office space problem in Hong Kong, a size larger than all the space…

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New Business

Standard Chartered plans Hong Kong wealth centres to tap US$200 billion of ‘new money’

Standard Chartered will open one wealth management centre a year over the next five years in Hong Kong as part…

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New Business

Chinese Estates CEO, sister sell retail shops in Hong Kong amid market stress

More investors are selling their investment properties in Hong Kong’s key business districts amid a prolonged slump in the commercial…

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New Business

How Hong Kong’s property slump is affecting asset values owned by celebrities and tycoons

Hong Kong’s weakening retail sales and slumping property market have sharply reduced the capital values of commercial real estate owned…

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Hong Kong retail property fund Bridgeway sells Jordan shop at 30% discount

A veteran Hong Kong property investor has sold a shop in Jordan at a loss of more than 30 per…

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New Business

Hong Kong developer Sino Land reports 30% earnings drop, points to full pipeline

Major Hong Kong developer Sino Land reported a more than 30 per cent drop in earnings for the first half…

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New Business

Hong Kong office landlords in ‘defensive’ mode amid supply glut, relocation trend

Hong Kong office landlords are increasingly in a “defensive” position amid a supply glut that is driving tenants to upgrade…

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New Business

Hong Kong minibus king’s family to sell The Center assets at 34% discount from 2018 price

Hong Kong investors continue to offload property assets at discounts amid high interest rates, and consultants expect more financially stressed…

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New Business

Chow Yun-fat, hard as nails in movies, cuts home price by 14% as he succumbs to market dip

Even the actor famed for playing tough-as-nails characters in Hong Kong classics like The Killer and Hard Boiled is taking…

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New Business

OCBC opens new office in Hong Kong as lender plans to hire up to 15% more staff

Singaporean lender Oversea-Chinese Banking Corp (OCBC), the second-largest banking group in Southeast Asia, opened a new 76,000 sq ft office…

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