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...
That amount matches what she paid for the Repulse Bay land plot in 2011 at what was then the second-highest price per square foot ever paid in the city, HK$38,500 (US$4,900).Agile, based in the Guangdong’s provincial city of Guangzhou, has borrowed against more than one...
Third, long-awaited supply-side and regulatory reforms, including the development of a listed real estate investment trust (Reit) market, have improved the business environment significantly and catalysed the institutionalisation and financialisation of the property industry.Fourth, India is taking advantage of the geopolitical reshaping of supply...
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...
The brisk recovery has been a boon to Japan’s hotel investment market. Although hotels only account for 6 per cent of Asia’s commercial property transaction volumes, they comprised 15 per cent of investment activity in Japan in the first three-quarters of last year, according to...
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...
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...