23 August 2019

Property and Construction

  • An illustration photo used for Marriott's new home rental service Homes & Villas, which is launching next week. Photo: Marriott

    Marriott expands into home rentals, taking on Airbnb

    Apr 30, 2019 11:26am
    Marriott International, the world’s largest hotel company, is launching a home-sharing service, challenging Airbnb and other firms that are operating in that space. Confirming a Wall Street Journal report, Marriott said its new home-sharing service will...
  • Hongkongers hope to buy their own homes, which are “brick and mortar”, but the housing bubble resulting from an overheated property market is “virtualized”. Photo: CNSA

    The real economy

    - Apr 17, 2019 6:33pm
    The Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area has mentioned the term “real economy”, but hasn’t bothered to explain the term. Over the years, mainland media have often drawn a distinction between businesses...
  • Calzedonia has renewed its lease on a 400-square-foot shop in Causeway Bay. Photo: Wikimedia Commons

    Calzedonia pays big to stay in Causeway Bay

    - Apr 15, 2019 1:09pm
    How many socks and leggings does Calzedonia have to sell in Causeway Bay to make enough money just to pay its landlord? The Italian fashion brand has renewed its lease on a 400-square-foot shop at 60A...
  • As web retailing evolves, it develops a need for retail space. Hong Kong's HKTVmall, for instance, now has 46 stores to help increase brand awareness and to serve as goods pick-up points for customers. Photo: Yahoo

    How web retailing boosts demand for logistics space

    - Apr 10, 2019 11:00am
    Like other modern economies, Hong Kong is seeing respectable growth in web retailing. For example, HKTVmall has now established itself as an online supermarket and vendor of various goods. According to the latest financial announcements, HKTVmall...
  • Office demand in Hong Kong is robust enough to not only absorb new supply but also bring in continued rental increases, says an industry watcher. Photo: Reuters

    Rental trend remains supportive for Hong Kong REIT plays

    - Apr 8, 2019 10:09am
    Stock market sentiment picked up remarkably during the first quarter of 2019, with trading volumes in the equity, bond, and over-the-counter markets all recording heavy trading. According to our conversations with market participants, some institutional traders...
  • If the unemployment rate spikes, mortgages would become less affordable, and this would have an impact on the property market. Photo: Reuters

    Will HK housing market continue to strengthen?

    - Apr 1, 2019 10:43am
    Hong Kong’s housing market has rebounded along with the stock market. Transaction volumes have been picking up, and several new projects are selling very well. Does that mean the housing price will keep moving up and...
  • Evergrande's Xu Jiayin has outlined big ambitions for the electric car business, but investors aren't too convinced about the merits of the large-scale diversification. Photo: Bloomberg

    China property tycoons’ new ventures keep investors wary

    - Mar 29, 2019 10:38am
    Chinese property giant Evergrande (03333.HK) announced stellar 2018 figures this week. Sales jumped 49.9 percent from a year earlier to 466.2 billion yuan and net profit soared 53.4 percent to 37.4 billion yuan. Despite making more...
  • Henderson Land Development chairman and managing director Lee Shau-kee is flanked by sons Peter (right) and Martin. Photo: HKEJ

    Lee Shau-kee plans to retire, hand over reins to two sons

    Mar 21, 2019 2:35pm
    Property magnate Lee Shau-kee, 91, is considering stepping down from his posts as chairman and managing director of Henderson Land Development (00012.HK) for “being advanced in age”, the company said in a filing to the Hong...
  • Link REIT has reached a historical high in terms of stock price, and other Hong Kong-listed REITs have also done quite well recently. Photo: HKEJ

    Why Hong Kong-based REITs continue to perform well

    - Mar 13, 2019 10:39am
    Financial market sentiment picked up remarkably in the first quarter of the year, with trading volumes in the equities market, bond market, and over-the-counter markets all recording heavy growth. In fact, according to our conversations with...
  • The acquisition is part of Airbnb's strategy to win over travelers who have shied away from the risks and quirks of renting a stranger’s home. Photo: Bloomberg

    Airbnb buys hotel-booking app HotelTonight ahead of IPO

    Mar 8, 2019 7:16am
    Home-renting company Airbnb has bought HotelTonight, an app for finding hotel rooms at a discount, as it wades deeper into the hotel-booking business to attract a wider variety of travelers ahead of a hotly anticipated initial...
  • Although property prices continue to soar, the desire of people to own a home has become even stronger. Photo: Bloomberg

    So you think you’ll be happy once you acquire your own home?

    - Mar 6, 2019 12:54pm
    Who doesn’t dream of having their own home? That’s the reason why Hong Kong youth are frustrated and angry: they feel no matter how hard they strive, they won’t be able to afford one. But as...
  • The Liaison Office reportedly paid close to HK$250 million for 20 units of Grand Central in Kwun Tong. Photo: HKEJ

    Liaison Office wants a big piece of Grand Central

    - Feb 25, 2019 4:16pm
    When Beijing’s top official in Hong Kong, Director Wang Zhimin of the Liaison Office, said last year that “it is good for Central and Sai Wan to walk together”, he, of course, meant closer cooperation between the central...
  • Attending the unveiling of the PropTech blockchain platform on Wednesday are (from left) ASTRI chief executive Hugh Chow, NWD vice chairman Adrien Cheng, and BOCHK deputy chief executive Ann Kung. Photo: NWD

    Blockchain signals new world of home sales in Hong Kong

    - Feb 21, 2019 1:06pm
    How much time did you spend to buy your first property? Acquiring a home is hard enough for ordinary Hong Kong families, who have to save up all their income for 17 years before they could have...
  • NWD’s initiative marks the first time a Hong Kong developer is implementing blockchain technology to help speed up property transactions, notes Adrian Cheng, the developer’s executive vice-chairman. Photo: Bloomberg

    NWD creates HK’s first blockchain platform for homebuyers

    Feb 21, 2019 12:30pm
    Property developer New World Development (NWD) on Wednesday announced the creation of Hong Kong’s first property-purchase blockchain platform, in collaboration with Hong Kong Applied Science and Technology Research Institute Company (ASTRI). Bank of China (Hong Kong)...
  • Commercial rents in Hong Kong are now the most expensive in the world. Photo: Bloomberg

    HK office rent tops globally, but demand remains supportive

    - Feb 14, 2019 11:47am
    Financial market performance has often been influenced by geopolitical events, such as the trade dispute between China and the United States last year. This brings additional volatility to an environment that is already grappling with several...
  • Paris is Airbnb's biggest single market with around 65,000 homes listed. Photo: Reuters

    Paris seeks US$14 million from Airbnb for illegal adverts

    Feb 11, 2019 8:21am
    The City of Paris is suing Airbnb for publishing 1,000 illegal rentals adverts, which could cost the American rental website more than 12.5 million euros (US$14 million), the mayor of Paris told a newspaper in an...
  • A survey by the Hong Kong Monetary Authority found 262 cases of residential mortgage loans in negative equity in the fourth quarter of 2018. Photo: CNSA

    HK sees negative equity cases for first time in two years

    Feb 1, 2019 2:07pm
    Residential properties in negative equity have made a comeback in Hong Kong for the first time in two years as home prices suffered a correction amid the trade war between China and the United States. The Hong...
  • Hong Kong’s property market has matured to the stage where different segments of real estate can perform differently based on demand levels of that specific sector, an expert says. Photo: Reuters

    HK commercial rents keep rising even as residential market cools

    - Jan 11, 2019 5:24pm
    Since its peak in August, transaction price of residential units in Hong Kong has fallen 5-10 percent on average. The Centa-City Leading Index ended 2018 at 174.49, representing a 7.5 percent slide  from the August peak of...
  • CK Asset Holdings plans to turn Harbour Plaza Resort City in Tin Shui Wai into two blocks of 53-storey residential buildings. Photo: HKEJ

    Cheung Kong to turn Tin Shui Wai hotel into homes

    - Jan 8, 2019 5:15pm
      How do you turn a 1,000-room hotel into 5,000 housing units? CK Asset Holdings (01113.HK) chairman Victor Li Tzar-kuoi has the vision to turn the company’s Harbour Plaza Resort City in Tin Shui Wai into two blocks...
  • Australian medical center operator Healius has rejected a bid by stakeholder Jangho Group as being 'opportunistic'. Representational image: Bloomberg

    Australia’s Healius rejects US$1.2 bln bid from China’s Jangho

    Jan 7, 2019 9:26am
    Healius, Australia’s No. 2 medical center operator, on Monday rejected a A$1.7 billion (US$1.21 billion) buyout approach from Chinese construction company Jangho Group, Reuters reports. The Australian firm, known until recently as Primary Health Care, said its...

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