In the first half of this year, investment in Hong Kong commercial real estate reached HK$24.1 billion (US$3.1 billion), up 56 per cent in annualised terms, according to CBRE data. The education industry was a crucial source of demand, generating HK$10 billion worth of transactions, with many of these deals involving assets for conversion into…
Hong Kong’s retail leasing market remained under pressure with rental rates far below the pre-pandemic levels, while Beijing’s crackdown on capital flight and a potential rate hike in the second half of the year by the US Federal Reserve would add to sector uncertainties, according to analysts. The food and beverage sector has seen numerous…
Photo by Patrick T. Fallon/AFP via Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Palmer Luckey, the billionaire founder of defense technology company Anduril Industries and Oculus VR, is sounding the alarm on America’s dependence on China — and his warning goes far beyond cheap…
Hong Kong private equity firm Templewater is eyeing investment opportunities in Central Asia’s real estate, energy transition and healthcare sectors, while positioning itself as a “superconnector” to channel capital from the Middle East into the emerging market. Cliff Zhang Kun, chairman of Templewater, also stressed the need for businesses to diversify their investments and shift…
Financial Secretary Paul Chan Mo-po was in Europe last week, holding talks with family offices and financial institutions in a bid to reinforce Hong Kong’s position as a world-leading hub for private capital. The visit underscores the city’s proactive approach to deepening international financial ties at a time of global economic realignment. The timing of…
A wave of bullishness is sweeping through Hong Kong’s real estate market. A report by S&P Global Ratings on May 5 said an “upside surprise” could materialise. One of the catalysts for a stronger-than-expected recovery was evidence of more competitive bids at residential land auctions in recent months. S&P said, “Hong Kong has become the…
A real estate spinoff from former retail giant Sears is pushing to sell off one of its remaining properties, which happens to be in Washington state. Last year, The News Tribune wrote about the former Sears site at Overlake Plaza property in Redmond, formerly home to a Sears store, which closed in 2018. Demolition took…
An El Paso certified public accountant was sentenced to more than two years in federal prison after pleading guilty to stealing more than $600,000 from several real estate businesses, the U.S. Attorney’s Office for the Western District of Texas said. Carol Catherine Talamantes, 61, pleaded guilty to a federal wire fraud charge in U.S. District…
Hong Kong has its mojo back. The city’s economy grew 3.5 per cent last year, the fastest pace since 2021, according to an advanced estimate published by the Census and Statistics Department on January 30. A sharp increase in exports, the unexpected driver of growth in many Asian economies last year, was a key factor…
City Development Law Firm’s new Hong Kong office. (Photo courtesy of City Development Law Firm) Shanghai-headquartered City Development Law Firm officially opened its Hong Kong office on 8 January and, on the same day, launched an association with Gilbert Kwok & Partners, a local construction law firm in the city. The Hong Kong office is…