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Tag: Property developers

Hong Kong project developers are banking on Chinese demand and turning to the rental market

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Hong Kong project developers are banking on Chinese demand and turning to the rental market

By Clare Jim HONG KONG (Reuters) – Some developers in Hong Kong are turning to the apartment rental and leasing market to weather a prolonged downturn in the property market and meet rising demand for rental housing from mainland Chinese professionals and students. The developers’ change of strategy is a rare move in a city […]

Falling property prices in China slow slightly, decline extends over 14 months

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Falling property prices in China slow slightly, decline extends over 14 months

In July, real estate prices across China fell for the 14th consecutive month, a sign that the authorities’ bailout package has done little to improve sentiment. New house prices fell 0.6 percent month-on-month in 70 medium and large cities in May, down 0.7 percent in the previous month, according to data released by the National […]