China SOEs continue to snap up commercial prime HK property
Some analysts say the move is part of Beijing's strategy to tighten its grip there
Hong Kong
CHINESE investors' penchant for Hong Kong real estate is well-known; and as they take aim at the city's most prestigious buildings and office space, mainland cash is driving one of the world's priciest markets to break new records.
With the Communist Party's hand seen behind the latest record purchase, some analysts raised questions about where the enormous cash flows would go as the Chinese government strengthens control over the former British colony.
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%