Post Mag

Shanghai’s second-hand housing market picked up steam in May, with transaction activity accelerating significantly, while the city’s new home market has also seen robust sales. Industry experts believe Shanghai’s property sales volume and home prices will recover faster than most cities in China after the prolonged downturn of the country’s property market. “Among the four tier-...

CK Asset Holdings is releasing more ultra-luxury homes at its 21 Borrett Road project, which was previously linked to one of Hong Kong’s largest failed property transactions, betting that a resurgence in demand from wealthy buyers signals a turning point for the city’s high-end residential market. The developer on Tuesday released the second phase of the Mid-Levels Central proje...

Casa Hotel, a boutique hotel in Hong Kong’s Yau Ma Tei district, has ceased operations after nearly two decades, with market speculation suggesting the building has been leased to a student-housing operator after repeated attempts to sell it failed. A notice posted outside the three-star hotel said the property officially closed on May 31, thanking customers for their support ov...

China’s home prices saw a modest recovery in May, adding to growth in March and April, as positive signs of a gradually stabilising property market continued to accumulate after five years of weakness, according to analysts. In May, the average price of newly built residential properties across 100 Chinese cities stood at 17,156 yuan (US$2,534) per square metre, edging up 0.16 p...

Hong Kong’s student housing sector is entering a new phase as larger institutional-style deals emerge from the city’s distressed commercial property market, signalling that professional investors are cautiously returning after years of falling asset values. Investors and analysts said the market was moving beyond the smaller hotel conversions that dominated the past two years, w...