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New Business

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

China’s brokerage sector sees mega-mergers but remains competitive and fragmented

China’s 12 trillion yuan (US$1.6 trillion) brokerage sector will continue to remain fragmented and competitive, despite the ongoing consolidation mandated…

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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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New Business

Hong Kong property: Winland’s 5 asset sales show more distress in store

More financially stressed property owners are putting their assets in Hong Kong up for sale at big discounts this year…

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New Business

New World Development reports losses as debt ratio worsens amid property slump

New World Development (NWD), controlled by Hong Kong’s third-richest family, reported weaker interim results in its underlying property business, suggesting…

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New Business

Investors to redevelop Hong Kong’s Kitec site into office, flats and hotel blocks

The owner of Kowloon Bay International Trade and Exhibition Centre has proposed to turn the site into a commercial and…

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New Business

Hong Kong landlords should brace for slashed retail rents in 2025: S&P Global

Retail rents in Hong Kong were expected to be hard-hit this year, as landlords were likely to slash prices to…

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New Business

Mainland developer Greentown to issue US$350 million bond to refinance debt

State-backed developer Greentown China said it would issue a US$350 million bond to help refinance its existing borrowings, the first…

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New Business

Hong Kong’s NWD puts another 55 units at State Pavilia up for sale at a low price

NWD released the second batch of flats at its State Pavilia development in North Point on Sunday after more than…

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New Business

China expands consumer subsidies, but can it ‘save the day’ for economic growth in 2024?

China’s second-largest provincial economy and its biggest city have expanded consumer subsidy schemes to boost household spending despite the risk…

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