HSBC Holdings, Hong Kong’s largest lender, on Tuesday opened a 23,000-square-foot wealth management centre in the International Commerce Centre (ICC), which is expected to give a boost to the city’s struggling office market and help the bank serve its wealthy clients. The centre is located on the 99th floor of the ICC and it is…
One of the big themes in Asia’s real estate industry this year is divergence. The average price of second-hand homes in Japan in the first quarter of 2025 rose at an annualised pace of 9.5 per cent, while in mainland China it contracted 7.5 per cent, according to Knight Frank’s Global House Price Index. In…
Is the tide turning for Hong Kong’s ailing property market? When second-hand home prices are down almost 30 per cent from their peak in August 2021 and rents for grade A offices are more than 40 per cent lower than in the second quarter of 2019, talk of a recovery seems wildly premature. But expectations,…