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28 Jan Big Tech firms such as Tencent and Alibaba snap up land on the mainland amid slumping real estate sector

Posted at 03:00h in Asia

Chinese Big Tech firms, including Tencent Holdings and Alibaba Group Holding, have become major buyers of land on the mainland at a time when both the technology and real estate sectors are battling economic and policy headwinds.Social media and video gaming giant Tencent has shelled...

27 Jan Opinion | China can absorb its property crisis. Can the US and Europe say the same for theirs?

Posted at 21:30h in Asia

Commentators, especially those who appear not to have experienced past real estate-linked financial crises that have occurred in places ranging from the US and Europe to Hong Kong and Latin America, fail to appreciate the significance of accompanying systemic risk.Thus, while China appears able in...

25 Jan China’s economy to gradually heat up in 2024, with manufacturing, spending as top growth drivers, not property: Fidelity

Posted at 23:30h in Asia

China’s economy will show gradual improvement in 2024, propelled by manufacturing and consumption, rather than property and local government financing, amid a structural shift towards high-quality growth drivers, Peiqian Liu, Asia Economist at Fidelity International, said at a media briefing on Thursday.“Tourism, entertainment, culture, and...

14 Jan Hong Kong, mainland Chinese buyers are eyeing Australian property again, fast-tracking home ownership for their children

Posted at 04:01h in Asia

Hong Kong and mainland Chinese buyers are snapping up property in Australia in a big way again, spending cash accumulated during the past two years to give their children a helping hand in home ownership. More are expected as international travels rebound, agents said.Plus Agency,...

13 Jan New Wong Tai Sin homes expected to‘sell well’ in Hong Kong’s first weekend property sales in 2024

Posted at 11:32h in Asia

Hong Kong’s first weekend of property sales of the year kicked off on Saturday, with buyers snapping up nearly 60 per cent of the flats offered at a small residential project in Wong Tai Sin by late afternoon.As of 4pm, Wang On Properties had sold...

09 Jan Opinion | 4 bright spots for Asian property in 2024

Posted at 01:30h in Asia

Among the trends and themes to watch this year, four warrant close attention. First, it is worth keeping an eye on Australia’s housing market. Not only did prices in the capital cities bounce back 8.1 per cent last year following a nearly 5 per...

05 Jan Opinion | Reports of Chinese economic miracle’s demise are greatly exaggerated

Posted at 09:30h in Asia

China’s economic performance over the last year has been disappointing, so much so that some observers argue that growth has already peaked and that it is all downhill from here. But it is far too soon to write off China’s economic resilience.As 2023 began, the...

Property Tag

28 Jan Big Tech firms such as Tencent and Alibaba snap up land on the mainland amid slumping real estate sector

27 Jan Opinion | China can absorb its property crisis. Can the US and Europe say the same for theirs?

25 Jan China’s economy to gradually heat up in 2024, with manufacturing, spending as top growth drivers, not property: Fidelity

14 Jan Hong Kong, mainland Chinese buyers are eyeing Australian property again, fast-tracking home ownership for their children

13 Jan New Wong Tai Sin homes expected to‘sell well’ in Hong Kong’s first weekend property sales in 2024

09 Jan Opinion | 4 bright spots for Asian property in 2024

05 Jan Opinion | Reports of Chinese economic miracle’s demise are greatly exaggerated

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