Cheryl Arcibal
Business Journalist at South China Morning Post
Business journalist @SCMPNews.
Articles
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5 days ago |
scmp.com | Cheryl Arcibal
Hong Kong-based Link Asset Management expects more tenants to negotiate lower rents in the near term as it prioritises keeping its properties occupied, according to top executives at the company that manages Link Reit, Asia’s largest real estate investment trust. While Hong Kong continued to suffer a retail slump, assets in Singapore and Australia performed better than expected, the company said on Tuesday as it reported revenue and profit increases for the financial year ended in March.
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1 week ago |
scmp.com | Cheryl Arcibal
Hong Kong’s lived-in home prices rose for the first time in five months in April, as transactions were spurred by a cut in the government’s stamp duty for homes worth up to HK$4 million (US$510,000). An index measuring home prices eked out a 0.35 per cent gain to 285.7 last month, from 284.7 in March, according to the Rating and Valuation Department on Wednesday. Transactions in the residential market jumped last month.
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1 week ago |
scmp.com | Cheryl Arcibal
3Coins, an Osaka-based retailer, plans to open an outlet in Causeway Bay, joining a list of Japanese businesses that are finding value amid a slump in Hong Kong’s retail real estate market. 3Coins will open its first store in mid-July in Hysan Place and will carry Japanese products including grocery items, according to a Monday statement from Yaichi Group, a partner of the retailer. 3Coins was founded in 1994 and now has 365 stores across Japan.
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1 week ago |
scmp.com | Cheryl Arcibal
The property market in the Middle East, particularly in the United Arab Emirates (UAE) cities of Dubai and Abu Dhabi, is attracting more interest and capital from Hong Kong and mainland China. Hong Kong-based Gaw Capital spent more than US$150 million on a residential building in Abu Dhabi, the capital, two weeks ago.
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1 week ago |
scmp.com | Cheryl Arcibal
Emboldened by lower mortgage rates, Hong Kong homebuyers on Saturday purchased all 216 of the new units offered at Sun Hung Kai Properties’ Sierra Sea project in Sai Sha in the New Territories. All units found buyers within six hours of the sale, which began at 10am, according to agents. Another 25 units were available via tender. Earlier this week, the one-month Hong Kong interbank offered rate (Hibor), which is linked to mortgage loans, fell below 1 per cent for the first time since July 2022.
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RT @Umesh_Desai: The number of ultra-wealthy in China fell as a sluggish economy and a deepening real-estate downturn took their toll said…
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Start-up PlanetDao sees abandoned Japanese temples as hot tourism investments https://t.co/bFtfvd0iXp
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