Mainland Chinese buyers and “smart money” from Southeast Asia will continue “bottom-fishing for trophy assets” in Hong Kong’s luxury property market as prices remain depressed through 2025, according to the director and head of residential sales at Savills. Capital from Singapore had been flowing to Hong Kong because the Singaporean market had not declined, Thomas…
In the second instalment of our two-part series on Hong Kong’s beleaguered property market, analysts explore why this slump is different from past downturns. The first instalment discussed how the resurgence of the city’s stock market as a venue for initial public offerings could boost office uptake and ease developers’ pain. Swiss bank UBS got…
In the second instalment of our two-part series on Hong Kong’s beleaguered property market, analysts explore why this slump is different from past downturns. The first instalment discussed how the resurgence of the city’s stock market as a venue for initial public offerings could boost office uptake and ease developers’ pain. Swiss bank UBS got…
Goodwin Gaw, cofounder and chairman of Gaw Capital Partners. Chan Long Hei/Bloomberg Gaw Capital Partners, the real estate private equity firm controlled by Hong Kong’s billionaire Gaw family, has acquired a high-end shopping mall in central Tokyo for more than $1 billion in a joint venture with Singapore’s Patience Capital Group (PCG). Gaw Capital announced…