Demand for mini-flats on the rise in China
Hong Kong
TINY is the new big for Chinese property buyers who are snapping up smaller, more affordable apartments as property prices in big, busy cities rise, fuelled by scarce land and a surge in demand due to lower borrowing costs.
The studio flats commonplace in New York, Paris or London - as well as in space-starved Asian cities like Singapore, Hong Kong and Tokyo - remain a novelty in China, where larger units are still the most sought after.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
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