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In the wake of a record-breaking first half of the year, bulk homebuyers are anticipated to continue to be a significant influence in Hong Kong’s primary residential market throughout the second half of the year. The strong rental demand, particularly from…
Shinsegae Group’s chairman, Chung Yong-jin, is set to expand his role within the organization, assuming CEO positions at both E-mart and Shinsegae Property. This move by the South Korean retail heavyweight signals an aggressive push for growth in its primary…
In a significant policy shift, New Zealand is set to open its doors to affluent foreign property investors, marking the end of a seven-year ban. This ban was initially implemented by the center-left government of former Prime Minister Jacinda Ardern in 2018…
Transaction values in Hong Kong’s commercial property market plummeted to HK$4 billion during the first quarter of 2025, according to the latest report by Savills. This reflects a staggering 42% decline compared to the previous year and amounts to just…
In March, Hong Kong actor Nicholas Tse secured a lease for a retail space in Central Hong Kong for HK$60,000 (US$7,721) per month—a remarkable 40% reduction from its original listed price of HK$100,000. This transaction comes after the unit languished vacant…
Charoen Sirivadhanabhakdi, the chairman of TCC Group and Thailand’s second-richest individual, is making waves in the real estate market. Frasers Property Ltd., the company under his stewardship, has reported a staggering surge in profit in Singapore while…
Singapore ranked second in Asia for real estate market transparency and was rated as “highly transparent” for the first time. The city-state moved up one spot from last year to 13th place globally, achieving an overall score of 1.92, citing the Global Real…
The property market has overcome its most difficult period and will recover from early 2024, analysts concur. Speaking at the first-ever Autumn Real Estate Forum in Hanoi recently, Can Van Luc, chief economist at state lender BIDV and a member of the National…
Property developers in southern Vietnam are selling off their assets despite losses to pay debts amid a slump in demand. A property developer in District 1, which develops projects in southern Ho Chi Minh City and Binh Duong Province, last month sold off one…
Economic stability, positive investor sentiment, strong demand, and a diverse range of products are keeping the property market robust. The assumption that Covid-19 would cause the market to slump has proven baseless, and market research aftermarket research…
Hong Kong-listed shoe retailer Le Saunda says same-store offline sales rose by 13.8 percent in the February quarter after it rationalized its store network. In a positive profit alert issued to the Hong Kong Stock Exchange, chairman James Ngai said group…
Homeownership may remain an elusive dream for many people in other countries, but not so for the citizens of Singapore. Thanks to the government’s successful public housing scheme, the Lion City is one of the countries with the highest property ownership rate…
Luxstay has raised $4.5 million from South Korean retailer GS Shop and venture capitalist Bon Angels in its bridge round. A Luxstay representative said Wednesday that receiving funding from reputable international investors in this round is an important…
With $500 million to be spent on new restaurants and refurbishments over the next three years, McDonald’s Australia has established a new property graduate program to create a pipeline of future property leaders within the organisation. The fast food chain…
Veeko International has sealed a deal to buy a retail property in the New Territories, with an eye to converting it into one of its own stores. Veeko – which owns its namesake fashion brand along with Wanko, and the Colourmix and Morimor cosmetics-store…
CapitaLand has topped out the eighth and final skyscraper of Raffles City Chongqing, expecting to launch it in phases from the second half of this year. This follows the completion of the 200m-high bridge The Crystal which connects six of the towers. “The…
