Property 

China takes top spot for private equity property investment in Asia in Q1, while Hong Kong finds itself in dogfight with India

Global private equity funds – the most agile investor in the cross-border real estate world – poured US$5.1 billion into China and Hong Kong property in the first quarter of this year, making the spots the top and third most favoured destinations respectively in Asia, according to Knight Frank.China absorbed US$3.6 billion of private equity capital in the first quarter while Hong Kong took in US$1.53 billion. By comparison, $1.56 billion went to second-placed India and $1.3 billion to Japan,… Source link

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Property 

Protest against controversial extradition bill casts shadow on Hong Kong’s largest property sales since early May

Property sales were disappointing on Sunday in Hong Kong’s biggest offering since early May, as buyers stayed away amid huge protests in the city against a proposed extradition bill, and ongoing concerns over the US-China trade war.Not only is Hong Kong sitting in the middle of a worsening US-China trade war, but also its own political turmoil as protesters took to the streets on Sunday for a third time in a week against a proposed extradition law that would allow suspects to be sent to… Source link

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China 

Trade war effects leave China less room to tighten property curbs, say analysts

China’s slowing economy and the ongoing trade war with the US mean it has less room to increase cooling measures in the property sector, one of the most important economic drivers, according to analysts.China’s real estate sector has been rife with rumours the government will further rein in the booming market with measures that may include denying certain developers access to the onshore bond market to curb their aggressive bidding for land being auctioned off.Property sales in May showed… Source link

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Home 

Collapsing demand for US logistics property shows ‘the pain of trade war’, says Cushman & Wakefield

The absorption of industrial space in the US fell by nearly 60 per cent on year in the first quarter, reflecting the shock wave ripping through the global economy in the wake of the US-China trade war, according to Cushman & Wakefield.The property consultancy cautioned the factors driving the drop in demand were not clear, as it could be either the trade war or the tendency for companies to overstock ahead of the first round of tariffs imposed on Chinese-made goods by the Trump Administration… Source link

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Home 

Dubai offers long-term residence, retirement visas to lure wealthy Chinese to boost slumping property market

Dubai has set its sights on wealthy foreign investors, including the Chinese, by offering sweeteners such as long-term residence visas and retirement options, amid a slump in property prices. Dubai, the second largest city in the United Arab Emirates, recently approved visas valid for between five and 10 years. Visas for expat workers and professionals are usually valid for up to three years. Likewise, the UAE announced last year that it was planning to issue five-year retirement visas to non… Source link

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Vietnam 

Property inventories higher than MoC’s statistics: HoREA – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

By the end of 2018, the total value of property inventories of 65 real estate firms listed on the stock market reached over VNĐ201.9 trillion. — Photo plo.vn HCM CITY — Recently released statistics on real estate inventories from the Ministry of Construction (MoC) were incorrect, according to the HCM City Real Estate Association (HoREA). The ministry reported the total property inventory value at more than VNĐ22.8 trillion (US$976.2 million) as of December 20, 2018, falling by over VNĐ105.7 trillion (82.24 per cent) against the first quarter of 2013. However, HoREA chairman Lê Hoàng…

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Home 

Outlook for Tokyo’s property market positive as it continues to benefit from investments ahead of the 2020 Olympics

Tokyo, the world’s largest metropolitan city, is one of the most interesting commercial real estate markets, despite being arguably one of the most difficult to transact.The positive drivers underlining core investment interests remain: real estate fundamentals, as well as robust capital market sentiment and financial conditions. The city will continue to benefit from the boost to domestic demand in the run up to the 2020 Olympics and associated infrastructure investment and in turn,… Source link

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Analysts slash forecasts on old Hong Kong airport land tender as chill descends on local property market

A residential plot to be tendered on the old runway at Kai Tak could fetch bids 10 to 33 per cent lower than sales that took place in May, as the escalation of the US-China trade war sends a sudden chill through the city’s property market after hitting a record last week.The site, located at area 4A site 1, has a limited view of Victoria Harbour and can yield 1.08 million sq ft of gross floor area. The land tender will close on July 19.“The uncertainties brought by the trade…

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Home 

New generation of Hong Kong property tycoons faces greater expectations

Last week marked the end of one era and the start of another. The retirement of Hong Kong’s second-richest man, Lee Shau-kee, as chairman of Henderson Land Development means that the so-called Big Four property developers have all officially handed over the reins to the second or even third generation of their respective families.As the old guard of these powerful companies recede from the stage, the new generation of family tycoons should seize the opportunity to chart their own paths and take… Source link

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Global 

Cambodian property proves popular with Chinese buyers as mainland investment drives economic growth

Cambodia’s housing market is on a roll.A thriving job market as a result of the booming economy has boosted demand for housing. This has pushed rental yields to 8 to 10 per cent, and asset appreciation to 15 per cent per year, making the Southeast Asian nation’s property sector an ideal bet for Chinese investors seeking overseas assets as a hedge against yuan devaluation, say market observers.The country’s gross domestic product grew 7.5 per cent and exports surged 17.6 per cent last year,… Source link

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