This is the weekly news wrap, featuring the latest real estate stories from Hong Kong. Whether your interest lies in industrial, retail, office real estate or asset investments, we have got the news that matters, covered. 

China's Property Market Is Feeling the Stimulus Effect

China’s year-long campaign of targeted stimulus to stoke the economy is making its presence felt in the property market, a sector that has the power to cement a recovery and improve the fiscal health of local authorities. Project sales of major home builders rebounded in March after contracting in the first two months of 2019, thanks to easier financing from banks, looser restrictions on home buying and lower mortgage rates.

Hong Kong property developers investigated on suspicion of breaching transparency laws
South China Morning Post

Hong Kong property developers are being investigated for suspected breaches of the law by failing to provide sufficient information when selling new flats to the highest bidders. Frank Chan Fan told lawmakers that Hong Kong’s authority governing the sale of newly built properties was investigating cases in which there had been a lack of transparency.

Which city within the Greater Bay Area should Hong Kong’s residents consider for real estate investment?
South China Morning Post

For all the publicity and government commitment lavished on the “Greater Bay Area” (GBA), the nine cities in southern China adjoining Hong Kong and Macau actually offer limited investment opportunities and upside for the city’s residents. The most daunting barrier that Hongkongers must overcome is the legacy price-control restriction left from the 2017-2018 campaign by local authorities to tame runaway real estate prices. That means Hongkongers must have lived or worked in the GBA for up to five years to be eligible to own property. Only two cities, Zhaoqing and Huizhou – the furthest from Hong Kong – are exceptions to the rule.


China Vanke Mulls $1 Billion Property Management IPO

China Vanke Co., the country’s largest developer by market capitalization, is considering a Hong Kong listing of its property management business, according to people with knowledge of the matter. The Shenzhen-based company has discussed with potential advisers a share sale that could raise as much as $1 billion, one of the people said. The offering could happen next year, said the people, who asked not to be identified because the information is private.


CBRE in the News


Investors, developers eye Hong Kong industrial buildings built before 1987 after city relaxes conversion policy
Hong Kong Business
Features Samuel Lai, Senior Director for Advisory and Transaction Services, Industrial and Logistics