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17 Mar Japanese firms snap up retail spaces in Hong Kong, making the most of city’s low rents and residents’ fondness for country’s brands

Posted at 23:30h in Asia

More Japanese brands and retailers are likely to occupy shops in Hong Kong this year, drawn to the city’s more reasonable retail rents, as well as Hongkongers’ affection for anything related to the land of kawaii and sushi.Over the past two years, Japanese businesses have...

14 Mar Hong Kong’s Swire Pacific posts record US$4.6 billion profit on Cathay boost, eyes healthcare to offset property market

Posted at 07:31h in Asia

Swire Pacific is betting on healthcare investments in mainland China and Indonesia as an area of growth to offset Hong Kong’s office property market, which is likely to remain soft for the year.The Hong Kong-based conglomerate reported record underlying profit of HK$36.2 billion (US$4.6 billion)...

12 Mar Wharf sees more struggles ahead in Hong Kong, mainland China after reporting weak property sales, profit in 2023

Posted at 08:34h in Asia

Wharf (Holdings) said the slump in Hong Kong and mainland China’s property markets is likely to take more time for it to overcome, after the developer suffered another year of slower sales and earnings in 2023, while letting its land bank deplete to conserve cash.Total...

10 Mar Hong Kong’s hotels see business lift from Rugby Sevens, Art Basel after city misses out on ‘Swiftonomics’

Posted at 07:01h in Asia

In 2023, the hotel industry had seen some recovery with monthly occupancy rate of between 66 per cent and 87 per cent, higher than the monthly occupancy rate of between 55 per cent and 75 per cent in 2022, according to data compiled by Colliers....

Singapore’s Mapletree, PAG rename Pan Sutong’s former Hong Kong headquarters, to give anchor tenant naming rights to ‘high-quality office landmark’

06 Mar Singapore’s Mapletree, PAG rename Pan Sutong’s former Hong Kong headquarters, to give anchor tenant naming rights to ‘high-quality office landmark’

Posted at 10:30h in Asia

“We are thrilled to announce the re-entry of The Bay Hub as a high-quality office landmark in Hong Kong’s commercial sector,” Wong Mun Hoong, Mapletree’s regional CEO for Australia and North Asia, said in a statement issued by CBRE on Wednesday. “Aligned with Mapletree’s commitment...

06 Mar Sun Hung Kai Properties in pole position to benefit from Hong Kong’s property easing measures, analysts say

Posted at 00:30h in Asia

With seven projects comprising more than 8,100 units expected to launch this year, SHKP is likely to benefit from a revitalised property market.“SHKP has the most saleable resources among its peers of more than 6,000 units,” said Raymond Cheng, managing director and head of China...

04 Mar Mainland Chinese buyers thronging to Hong Kong property sales in search of returns after removal of curbs, industry insiders say

Posted at 23:30h in Asia

In last week’s Hong Kong budget, Financial Secretary Paul Chan Mo-po scrapped decade-old property market curbs in an effort to revive the city’s struggling real estate sector. For instance, home prices declined for a ninth consecutive month in February, resulting in the official home price...

04 Mar Gloomy Hong Kong retail sector gets Swiss watchmaker Omega’s vote of confidence as it opens glitzy shops in Central, K11

Posted at 00:30h in Asia

Swiss luxury watchmaker Omega is ramping up its presence in Hong Kong, opening two specialty shops in the city as it bets on long-term success despite slower than expected economic growth and a gloomy retail outlook.The brand, famously known for its Speedmaster and Seamaster watches...

27 Feb Hong Kong home prices fall for ninth straight month, intensifying calls for lifting property curbs

Posted at 08:01h in Asia

Secondary-market prices of Hong Kong homes have retreated 23 per cent from their peak in September 2021, according to government statistics. The nine-month losing streak, the longest since the outbreak of Sars (severe acute respiratory syndrome) in 2003, led to an aggregate fall of 13.5...

22 Feb Hong Kong developers Sino Land, Hysan expect last year’s ‘uncertainties’ to loom over city’s property sector this year as well

Posted at 12:35h in Asia

Sino Land said that its profit in the July-to-December period last year – the first six months of its financial year – rose 6.5 per cent to HK$2.6 billion (US$332 million) even as revenue fell by about 23 per cent to HK$4.92 billion. Its property...

Hong Kong property Tag