24 June 2018

Property and Construction

  • A subdivided unit in Beijing's Xincheng District, about half the size of a standard parking lot in Hong Kong,  was sold for  2.5 million yuan in a hotly contested auction on Tuesday. Photo: Reuters/

    Beijing nano flat fetches sky-high price

    - Jun 22, 2018 12:42pm
    Hong Kong’s property market is crazy, but Beijing’s is crazier. A subdivided unit in the capital city near the National Center for the Performing Arts, dubbed The Giant Egg, was sold for 2.5 million yuan (US$384,00)...
  • Many real estate investors, especially asset managers, invest in all four major types of assets as classified by ownership base and capital structure. Image: Admiral

    Four major types of real estate investments

    - Jun 13, 2018 2:31pm
    Real estate investment can be classified by its ownership base and its capital structure. Imagine a simple two-by-two matrix. One axis will separate real estate investment into “public” and “private” tranches, and the other axis into...
  • Emergence of Airbnb and an influx of foreign visitors has led to a jump in the number of MInshuku in Japan. Photo: Reuters

    Japan home-sharing business confronts new regulation

    - Jun 7, 2018 4:55pm
    Japan’s new law on private home-sharing setups will take effect from this month, prompting Airbnb, the world’s largest private home-sharing website, to remove 80 percent of its listings in Japan. The equivalent of Homestay or Bed...
  • Visitors look at the North Korean side from an observation deck at the Imjinkak pavilion, near the demilitarized zone that separates the two Koreas in Paju, South Korea. Photo: Reuters

    Peace talks ignite land buying frenzy along South Korea border

    May 14, 2018 8:51am
    With North Korea pledging to reduce tensions and renew ties with its southern neighbor, South Korea’s hottest property market is now along the heavily fortified border between the two countries. Demand for property in small towns...
  • The Hongkong and Shanghai Hotels reported strong occupancy rates and room revenues for the first quarter, but investors are more interested about the share price and dividend. Photo: Bloomberg

    How long is long term for Peninsula shareholders?

    - May 10, 2018 11:59am
    How long is long-term? That was the question raised by some loyal shareholders of Hong Kong and Shanghai Hotels at the group’s annual general meeting on Wednesday. No, they’re not unhappy about the service at The...
  • Mall landlords are coming up with well-thought-out marketing programs to drive visitors to the shopping venues. Photo: Reuters

    Why REITS can still perform well during interest rate upcycle

    - May 2, 2018 12:40pm
    Hong Kong is about to enter an interest rate upcycle. This is no surprise as the Hong Kong dollar is pegged to the US dollar, which has been in a rate upcycle since the end of...
  • DCT is a perfect fit for Prologis in terms of alignment of asset portfolios, says Prologis CEO Hamid Moghadam. Photo: Bloomberg

    Warehouse giant Prologis to acquire DCT in US$8.4 bln deal

    Apr 30, 2018 9:16am
    San Francisco-based warehouse giant Prologis will acquire smaller US rival DCT Industrial Trust in a stock and assumed-debt transaction worth US$8.4 billion. DCT shareholders will receive 1.02 Prologis shares for every DCT share they own, Reuters...
  • Hainan has been popular with people looking to acquire holiday homes in China’s only tropical island, but new property rules could put an end to this buying spree. Photo: China Daily

    Tough rules for non-local buyers to hit Hainan property market

    - Apr 25, 2018 8:55am
    In anticipation of supportive policies to celebrate the 30th anniversary of Hainan as a special economic zone, not a few investors bought Hainan concept stocks, including Agile Property Holdings (03383.HK), which has a large land bank...
  • Chinese property tycoon Yang Guoqiang believes that once a land plot is secured, development work should be initiated as quickly as possible. Photo: Country Garden

    Why Country Garden boss is obsessed with project devt speed

    - Apr 19, 2018 9:48am
    Yang Guoqiang, the founder of Chinese property developer Country Garden Holdings (02007.HK), received little formal education, but he is known to be a keen learner and a strong person when it comes to executing plans. Yang...
  • Li Ka-shing paid HK$610 million for 9.21 million CK Asset Holdings shares at between HK$60 and HK$70 each,  Photo: Bloomberg

    Li Ka-shing keeps buying his company’s shares

    - Apr 17, 2018 11:22am
    Three weeks after he announced his retirement, Hong Kong billionaire Li Ka-shing still has his money where his mouth is. The city’s richest man spent HK$610 million to snap up 9.21 million CK Asset Holdings shares at between HK$60...
  • Outgoing chairman John Slosar needed most of the income he had from Swire Pacific over the past seven years to be able to buy his dream home on The Peak from his own company. Photo: Bloomberg/Reuters

    Slosar wants to buy a home from Swire

    - Apr 10, 2018 11:47am
    Almost everyone in Hong Kong has to work hard to realize their dream home, and that dream is getting more and more expensive through the years. Consider John Slosar, the outgoing Swire Pacific chairman, who decided...
  • Hong Kong's premium office space has ranked as the world's most expensive over the past two years, and this has prompted many financial majors such Goldman Sachs to move to other locations in Hong Kong. Photo: AFP/HKEJ

    Goldman Sachs to move to Causeway Bay

    - Apr 4, 2018 4:16pm
    Even the golden Goldman Sachs may be struggling to stay in expensive Central. Well, there are other places in Hong Kong to choose from. A local report says the top US investment bank has signed a five-floor...
  • Sunac boss Sun Hongbin  admitted that the Leshi investment was a failure and the company has already written off all the losses last year. Photo: Bloomberg

    Verbal abuse at a Sunac press conference

    - Apr 3, 2018 5:25pm
    Sunac China Holdings’ (01918.HK) founder Sun Hongbing is one property tycoon who has timed the market almost perfectly over the past few years. During the market downturn in 2015 and 2016, Sun aggressively snapped up land...
  • Hui Ka-yan, chairman of China Evergrande Group, speaks at a news conference in Hong Kong on Monday following the company’s 2017 results announcement. Photo: Bloomberg

    Why Evergrande is hiring more fresh graduates

    - Mar 27, 2018 3:47pm
    There is a popular saying in the business community that goes “If you want to sell something, find China Evergrande.” Well, if you want to sell yourself, you might as well seek out that very same...
  • If the government goes ahead with the planned vacancy tax, the city's powerful property developers are likely to put up a strong opposition. Photo: HKEJ

    How serious is Paul Chan about imposing tax on vacant flats?

    - Mar 19, 2018 3:34pm
    Financial Secretary Paul Chan Mo-po has hinted at the possibility of imposing a vacancy tax on property owners hoarding empty flats as part of efforts to address Hong Kong’s housing shortage. However, it is doubtful if...
  • Hong Kong tycoon Li Ka-shing waves goodbye after announcing his retirement at a news conference on Friday. Photo: Reuters

    Li Ka-shing announces retirement, will stay on as senior adviser

    Mar 16, 2018 6:03pm
    Li Ka-shing, Hong Kong’s richest man, on Friday announced that he will step down as chairman of his business empire later this year but stay on as a senior adviser. He will be succeeded by his eldest...
  • Swire's redeveloped office properties in Quarry Bay are attracting some big foreign firms looking for a cheaper alternative to the Central district. Representative image: Bloomberg

    EY calls Quarry Bay its new home

    - Mar 16, 2018 5:18pm
    You don’t count as part of the Big Four unless you are in the core business district, right? Wrong!  Just take a look at Ernst & Young, the accounting and consulting giant that is set to have...
  • A Hilton Grand Vacations Club in Carlsbad, California. HNA Group seeks to sell some or all of its 25 percent stake in the timeshare business. Photo: Hilton Grand Vacations

    HNA in talks to sell stake in Hilton Grand Vacations: WSJ

    Mar 13, 2018 9:37am
    HNA Group is in discussions to sell some or all of its 25 percent stake in Hilton Grand Vacations Inc., the timeshare business spun off last year from Hilton Worldwide Holdings Inc., the Wall Street Journal reports,...
  • A Hong Kong property covered by Link real estate investment trust. As long as the economic backdrop allows for rental increases, REIT income will remain more protected than bond alternatives. Photo: HKEJ

    Why REITs outperform bonds during an interest rate upcycle

    - Mar 12, 2018 12:26pm
    Since 2015, Admiral Investment has reported on the long-term performance of Asia-Pacific and Asian REITs against other asset classes that are commonly considered by institutional and individual investors. The first paper, published in early 2015 and...
  • The debt-laden conglomerate is able to dispose of its assets at a profit at a time when it really needs cash. Photo: Reuters

    The biggest thing HNA should be grateful for

    - Mar 9, 2018 3:45pm
    HNA Group is a lucky dog. The debt-laden conglomerate seems to have a change of fortune, disposing of its assets at a profit at a time when it really needs cash. Its subsidiary Hong Kong International...

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