Just a cursory glance at office occupancy rates around the world reveals where the commercial property sector’s problems lie. In the United States, average occupancy rates in 10 leading cities stood at just 52.5 per cent at the beginning of March, according to data from...
Chinese investors, once among the most active buyers of commercial property in the United States, sold US$31.7 billion of US commercial real estate between 2019 and last year, 15 times more than what they acquired during the same period, according to MSCI Real Assets, a...
The bank’s debt in the country’s commercial real estate sector has come down to 7.7 per cent of total lending, just over half what it was two years ago, and is expected to continue downwards. Yet BEA still made significant provisions for bad loans.“We continued...
Owners of commercial properties in Shanghai are under pressure to cut rents to support restaurants and retailers facing the daunting task of sustaining their businesses amid lacklustre consumer demand. Shopping centres and retail outlets based in the city’s non-central business district (CBD) areas are likely...
Major business clusters such as Central, Western and Yau Tsim Mong account for less than 10 per cent of public chargers, while Kowloon East has about 20 per cent, the most across the city. 02:05Chinese smart-battery swap stations can change EV batteries automaticallyChinese smart-battery swap...
Yet even Singapore’s real estate industry has experienced a marked slowdown during the past year. The deceleration in activity is most evident in the residential market. Sales of new private homes last year fell to their lowest level since the 2008 financial crash, while...