Date
28 January 2020

Property and Construction

  • The proposal values WeWork China at around US$1 billion. Photo: Reuters

    Temasek, Trustbridge eye majority stake in WeWork China: report

    Jan 17, 2020 12:01pm
    Temasek Holdings and Trustbridge Partners have held talks with WeWork China over increasing their stake in the China branch of the troubled co-working startup to take majority ownership, three people familiar with the matter told Reuters....
  • Real estate investment in China grew 9.9 percent last year from the year-earlier period, outpacing a 9.5 percent gain in 2018. Photo: CNSA

    China property investment grows at solid pace

    Jan 17, 2020 11:21am
    China’s property investment hit a two-year low in December even as it grew at a solid pace in 2019, adding to recent signs of a slackening in the sector, Reuters reports. Real estate investment, which mainly...
  • Many analysts are forecasting a further slowdown in China's property market this year. Photo: Reuters

    China home prices grow at slowest pace in 17 months

    Jan 16, 2020 11:56am
    China’s new home prices grew at their weakest pace in 17 months in December, with broader curbs on the sector continuing to cool the market, Reuters reports. Average new home prices in China’s 70 major cities...
  • Dongguan-based property developer Huijing Holdings saw its HK$1.4 billion initial public offering attract just 32 percent subscription. Photo: Huijing



(09966.HK), which focuses on urban rendevelopment in Dongguan, recorded one of the poorest invest

    Huijing IPO turns cold amid listing frenzy

    - Jan 15, 2020 12:43pm
    They say when it rains, it pours. But some end up with just trickles. Same thing with IPOs. Beijing-based mobile app developer NewBorn Town (09911) saw the retail tranche of its initial public offering oversubscribed 1,400...
  • Over the past two years, the typically more speculative first-tier home market has displayed smaller price gains than the lower tier Chinese cities. Photo: Reuters

    China property: Why policy easing impact may be different now

    - Jan 15, 2020 8:30am
    China loan prime rate (LPR) is down 16 basis points (bps) compared to half a year ago. Authorities have also cut the reserve requirement ratio (RRR) for commercial lenders, and there could be more such moves....
  • A good rule when investing in Australia at the moment would be to focus on the top three factors that will likely drive growth – affordability, infrastructure development, and foreign participation – in that order of priority. Photo: Reuters

    Global property markets: The 2020 market vision

    - Jan 13, 2020 1:25pm
    The year 2020 is shaping up to become a turning point for several key property markets around the world. The interesting confluence of different factors is driving them through long-term growth and short-term fluctuations. For those...
  • The WeWork IPO fiasco has led to doubts about the prospects of other firms in the same industry, including China's Ucommune. Representational image: Bloomberg

    Ucommune finds US investment bank to work on IPO: report

    Jan 10, 2020 2:59pm
    Ucommune, a Beijing-based shared workspace provider, has tapped a little-known US investment bank to help launch its initial public offering, Reuters reports, citing people familiar with the matter. The move came after Citigroup and Credit Suisse...
  • The judges accepted airbnb's arguments that it is an online platform and not a property agent. Photo: Reuters

    Airbnb wins fight to remain exempt from European property rules

    Dec 20, 2019 8:39am
    US home-sharing site Airbnb won its battle to remain exempt from onerous European property regulations as the EU’s top court ruled it was an online platform and not a property agent, Reuters reports. The case came...
  • WeWork said the new credit facility is in the process of syndication and is expected to be available in January. Photo: Reuters

    WeWork arranges US$1.75 billion credit line with Goldman Sachs

    Dec 18, 2019 8:39am
    Shared workplace operator WeWork said it has arranged a US$1.75 billion letter of credit with Goldman Sachs that is in the process of being syndicated and whose funds are expected to be available in January, Reuters...
  • ESR Cayman owns only about 20 percent of its portfolio on its balance sheet, with the rest owned by other investors. Photo: ESR

    REIT listing activities pick up in Hong Kong

    - Dec 13, 2019 1:15pm
    December is the second consecutive month that a new stock from the commercial property space has listed on the local exchange. ESR Cayman (01821.HK), a Beijing-based logistics operator with portfolio across the Asia Pacific, listed on...
  • Hong Kong's property market has begun to feel the impact of the months-long social disturbances in the city. Photo: Bloomberg

    HK home prices fall for 5th straight month

    Nov 29, 2019 1:10pm
    Private home prices in Hong Kong slipped for a fifth consecutive month in October, although the pace of decline slowed, following the massive social disturbances that rocked the city since June.  Home prices dropped 1.3 percent on...
  • Having acquired several troubled projects from local governments in China in the past, Sunac has now set its sights on Chengdu's mammoth New Century Global Centre. Photo: e.chengdu.cn

    What’s prompting Sunac to buy 51% in world’s largest building?

    - Nov 29, 2019 10:49am
    Sunac China Holdings (01918.HK) has agreed to acquire 51 percent stake in the company that owns New Century Global Centre, the largest freestanding building in the world. New Century Global Centre, located in Chengdu in China’s...
  • Hong Kong stock exchange is set to see its first REIT listing since December 2014. Photo: Bloomberg

    China Merchants breaks five-year REIT listing drought for HK

    Nov 29, 2019 9:50am
    Hong Kong is set to welcome its first listing of a real estate investment trust in five years, with the China Merchants Commercial REIT seeking to raise up to US$400 million, Reuters reports. The REIT, which...
  • Laid-off WeWork employees exit the firm's corporate headquarters in Manhattan, New York, on Thursday. Photo: Reuters

    WeWork laying off 2,400 employees in SoftBank revamp

    Nov 22, 2019 9:33am
    Office-sharing company WeWork is laying off around 2,400 employees, almost 20 percent of its workforce, as its seeks to drastically cut costs and improve its finances after a failed IPO attempt. “As part of our renewed...
  • Some homebuyers in Shenzhen are required to pay the luxury home tax even if they only buy a tiny apartment with an area of 35 square meters. Photo: Reuters

    Shenzhen eases tax rule on luxury homes

    - Nov 13, 2019 1:20pm
    Shenzhen’s housing and construction bureau announced on Monday that all residential apartments smaller than 144 square meters in the southern city will be exempted from the luxury home tax. The move is expected to boost the...
  • WeWork's former chief executive Adam Neumann has received a  US$1.7 billion exit package. Photo: Reuters

    WeWork’s Neumann, SoftBank’s Son sued over botched IPO

    Nov 11, 2019 7:38am
    WeWork officials, including co-founder and former chief executive Adam Neumann, are being sued by minority shareholders to recoup losses as the shared workspace provider pulled its initial public offering and saw its value plunge more than...
  • WeWork plans to cut by half its co-working sites in Hong Kong as part of its restructuring moves. Photo: Reuters

    WeWork doesn’t work in Hong Kong

    - Nov 7, 2019 11:52am
    Just how dire the situation is for WeWork right now could be seen in its operations here in Hong Kong, where its business model seemed well-suited given the stratospheric rates of office spaces in the international...
  • WeWork's valuation is estimated to have dropped from US$47 billion or more in August to as little as US$5.9 billion based on terms of a SoftBank lifeline. Photo: Reuters

    WeWork still on life support, must cut costs fast: rivals

    Nov 6, 2019 9:12am
    SoftBank may be rescuing WeWork with a US$9.5 billion cash injection but most rivals say they believe the office space sharing company is still in critical condition. They say for Manhattan-based WeWork to survive it will...
  • Following a deadly shooting incident in California on Halloween night, Airbnb says it is redoubling its efforts to combat unauthorized parties on premises rented through its online platform. Photo: Bloomberg

    Airbnb bans ‘party houses’ after 5 dead in Halloween shooting

    Nov 4, 2019 9:27am
    Airbnb banned “party houses” on Saturday after five people were killed in a shooting at a large Halloween gathering inside a rental home in Northern California that was advertised on the online listing service, Reuters reports....
  • Hong Kong's housing crisis is prompting many young people to consider co-living arrangements. Photo: Bloomberg

    A (tiny) room with a view

    - Oct 28, 2019 1:06pm
    Do you want to live in a unit with Victoria Harbour view? Well, such lodgings are only a dream for most of us, given the sky-high property prices in the city. Yet there is a way...