Search Results for: hong kong
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INDUSTRY NEWS
Sydney second to Hong Kong as world’s least affordable property market
Sydney has been named the second most unaffordable housing market in the world according to new research.
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SUPPLIER NEWS
REA Group completes transaction to sell Hong Kong assets
REA Group has completed a transaction to sell its Squarefoot.com.hk business assets in Hong Kong to 28Hse, a Hong Kong online real estate listings portal.
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NEWS
How to sell an Australian investment property from Hong Kong
A seller in Hong Kong, an agent in Werribee, a buyer purchasing sight-unseen over the internet, and it all taking place while in lockdown. When Rob Westwood from First National Westwood sold 69 Kellerman Drive in Point Cook recently, it was a masterclass in selling in the time of COVID-19.
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NEWS
Bubble Index 2018 suggests risk appears greatest in Hong Kong
UBS Global Wealth Management’s Chief Investment Office have released The UBS Global Real Estate Bubble Index 2018, indicating ‘Bubble risk’ or a significant overvaluation of housing markets in most major developed market financial centres. According to the report, ‘Bubble risk’ appears greatest in Hong Kong, followed by Munich, Toronto, Vancouver, London and Amsterdam. The study has also found imbalances in Stockholm,…
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NEWS
Chinese property giant Evergrande ordered to liquidate
A Hong Kong court has ordered the world’s most indebted property developer, China’s Evergrande Group, to liquidate, following its failure to negotiate a restructuring agreement with creditors.
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NEWS
Sotheby’s joins luxury brands in new Brisbane precinct
Queensland Sotheby's International Realty (QSIR) is relocating its head office in Brisbane to an integrated luxury lifestyle precinct which puts them under the same roof as other up-market brands. The world-class flagship Breakfast Creek Wharf facility from Hong Kong-based multinational conglomerate, Lei Shing Hong Limited (LSH Property), is also home to some of the country’s…
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INDUSTRY NEWS
Sydney’s cost of living stifling investment
Sydney’s high cost of living is holding it back as an investment hub, despite being one of the top locations for tech startups and innovation according to a new report.
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NEWS
Sydney ranks fourth in global super-prime property sales surge
Sydney’s super-prime residential property market is proving buoyant, with the city coming in fourth on the latest Knight Frank rankings for that market sector. According to the Global Super-Prime Intelligence Q4 report, the NSW capital city recorded 42 sales in the super-prime market in the final three months of 2023. The super-prime market comprises residential sales above US$10 million and…
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INDUSTRY NEWS
Perth, Gold Coast the strongest luxury markets in 2023
Despite higher interest rates weighing on some property markets, luxury residential property in Australia has remained resilient, especially in Perth and on the Gold Coast, according to a new report.
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INDUSTRY NEWS
Sydney super prime sales buck the worldwide trend
Rising interest rates have been slowing down the super prime market around the world, however, Sydney has bucked the trend and seen sales rise according to a new report.
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INDUSTRY NEWS
Sydney property is overvalued but not at risk of entering a property bubble
Sydney real estate might be overvalued, but it’s not at risk of being in a bubble according to a new index.
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INDUSTRY NEWS
Sydney’s super-prime home sales double
The number of super prime sales above US$10 million have doubled in Sydney, according to the latest Global Super-Prime Intelligence report.
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INDUSTRY NEWS
Troubled Chinese developer Evergrande files for bankruptcy
Troubled Chinese developer Evergrande has filed for bankruptcy in the US as it attempts to work out an offshore debt restructuring plan for its $468 billion in liabilities.
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INDUSTRY NEWS
Businesses flee secondary office buildings
The flight to quality across the office sector continues to see businesses move towards higher quality spaces in a trend that is likely to continue.
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INDUSTRY NEWS
There are still affordable rentals across the country
Despite the ongoing rental crisis making life difficult for tenants, there are still suburbs that are affordable for renters according to a new report.
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INDUSTRY NEWS
Could Chinese developers Forbes Global 2000 rankings spark hope for Aussie build-to-rent solutions?
One of China’s largest residential property developers, with a key stake in build-to-rent in the country, has ranked second on Forbes’s Global 2000 list of the 10 largest real estate companies in the world.
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INDUSTRY NEWS
Sydney ranks 6th for luxury property rental growth
Prime rents in Sydney surged 6.7 per cent in 2022, placing the city at number six on the list of luxury property markets.
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COMMERCIAL
Banking crisis could see reduced investment in Australian property
The turmoil across the US and European banking sector could see reduced investment in Australian commercial and residential property according to an expert.
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INDUSTRY NEWS
Foreign investment is down, but for how long?
Foreign investment in Australian real estate fell over the last quarter, but a recent uptick in enquiries from Chinese buyers suggests the downturn will be short lived.
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Celebrity Homes
Mark Wahlberg sells his LA mansion at a discount
Actor Mark Wahlberg has sold his palatial Los Angeles mansion, located in the Beverly Park enclave, for US$55 million in a cash deal.
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INDUSTRY NEWS
Foreign buyers look to Australia after Canada ban
Canada’s decision to shut the door on foreign buyers could prove a bonus for the Australian property market, according to experts.
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APPOINTMENTS
Glenn Sanford appointed eXp Realty CEO again
Glenn Sanford has again been appointed as chief executive officer of eXp Realty, the virtual real estate brokerage he founded in 2009.
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INDUSTRY NEWS
Agent of the year on the property marketing tool you need in 2023
Brisbane Inner West Realty Director Kathleen Luck is doubling down on technology to take her property marketing to the next level in 2023, and says other agents need to do the same to set themselves apart.
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COMMERCIAL
Australia continues to attract commercial real estate investment
After a record year in 2021, commercial transactions have slowed, however, Australia still remains an “attractive” market for international investors according to an expert.
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National
Season 3 of Luxe Listings Sydney promises to be the biggest and best yet
When Monika Tu was invited to join the inaugural season of the hit Amazon Prime TV show Luxe Listings Sydney she initially said no.
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INDUSTRY NEWS
Where are our most international suburbs?
The results of the 2021 Census have now been released and with it, a fascinating look at the diverse demographics of Australia. While most new arrivals to Australia come to Sydney first, it’s not then possible to easily find out where they decide to settle. The Census provides us with a deeper understanding into settlement patterns around the country. And…
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COMMERCIAL
Growing crane count suggests construction activity is on the rise
Construction activity across Australia continues to ramp up, with the latest Rider Levett Bucknall's Crane Index showing the first increase since prior to the pandemic in early 2019.
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FEATURE INTERVIEWS
Method in the madness: how and when to use a quirky marketing campaign
More than ever, agents are turning to quirky marketing videos in a bid to catch buyers attention and generate top dollar for their vendors. Kylie Dulhunty spoke with three agents about why jumping in pools and wakeboarding on rivers works.
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APPOINTMENTS
X Commercial secures industry expert Darron Levin
X Commercial has secured a key signing for its agency and launched a new subdivision called X Commercial Capital as it continues its rapid growth trajectory. Darron Levin comes from Intera Group where he spent the past 10 years as general manager of property. He was instrumental in growing this into a billion-dollar institutional property company. Mr Levin has…
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COMMERCIAL
Foreign buyers behind half of 2022 commercial property investment
More than half of all commercial property sales in 2022 have been to overseas buyers according to new data from Ray White Commercial.
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INDUSTRY NEWS
Foreign investment in Australian commercial property doubles
Foreign buyers continue to be active in both buying and selling Australian commercial assets according to a leading expert.
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INDUSTRY NEWS
Australia’s top 10 property powerbrokers
The latest Australian rich list features a host of property powerbrokers whose wealth has skyrocketed in the past 12 months.
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INDUSTRY NEWS
Byron Bay luxury property forecast to grow 35 per cent by 2027
The huge increase in demand for luxury homes by ultra-high-net-worth individuals (UHNWI) could see prices in Byron Bay continue to surge higher.
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NEWS
eXp Realty heads to New Zealand
Cloud-based brokerage eXp Realty is continuing its rapid worldwide growth by expanding its real estate operations into New Zealand, the Dominican Republic, and Greece in the first quarter of 2022.
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