Post Mag

A buyer who bought an office in a top-tier location in Hong Kong has sold it for an apparent 19 per cent gain just over six months later, a rare transaction that suggests improving conditions in the city’s prime office market are beginning to reshape investment decisions. The 5,400 sq ft office on the 37th floor of Far East Finance Centre in Admiralty changed hands for HK$108 mi...

Hong Kong’s bulk homebuyers are expected to remain a major force in the city’s new-home market in the second half of the year, after investor purchases hit record levels in the first six months on strong rental demand. A total of 654 buyers purchased two or more units in the primary market between January and June, acquiring 1,794 flats worth HK$17.4 billion (US$2.2 billion), ac...

Competition for student housing is intensifying in Hong Kong even as more accommodation comes onto the market, with mainland Chinese students beginning their search for a home months earlier than in previous years and landlords leaving flats vacant to capture the annual influx. Kenny Zhang, an agent at Youhouse Property who specialises in student rentals, said inquiries from mai...

A luxury penthouse in Hangzhou has set record highs for both unit price and total value of high-rise flats in the city, as new tech wealth injects fresh momentum into the market. All 66 units at the high-end Wangtianji development’s initial batch were snapped up on the first day of launch on July 16, generating 3.36 billion yuan (US$496 million) in total sales. Competition was f...

Mainland Chinese immigrants were estimated to have bought as much as C$5.7 billion (US$4 billion) worth of homes in Canada last year, making them a key group of non-local investors propping up the residential property market, according to one estimate. Ottawa barred most foreigners from purchasing homes in 2023 to cool soaring prices, initially imposing the restriction for two y...