Apple's new 'spaceship' home wows one and all
US$5b Apple Park draws tourists and helps transform surrounding area as businesses move in, pushing up property prices
Cupertino (United States)
THINGS change when a spaceship comes to town. Tourists stroll by, whipping out their iPhones to get a photo. New businesses move in. And real estate prices go up even more.
Apple's new home in Cupertino, California - the centrepiece being a US$5 billion, four-storey, 2.8 million-square-foot ring that can be seen from space and that locals call the spaceship - is still getting some final touches, and employees have just started to trickle in. The full squadron, about 12,000 people, will arrive in several months.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%