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Hong Kong’s Securities and Futures Commission has agreed to pay HK$5.4 billion (US$691 million) to acquire a number of floors at Swire Properties’ One Island East development in Quarry Bay for its permanent offices.
South Korea's commercial real estate market retreated in the third quarter as foreign investments declined due to high pricing, according to a report from market tracker MSCI Real Assets on Thursday. Local commercial real estate transactions in the third quarter stood at $4.6 billion, marking a 34 percent decrease on-year, the report showed. Though South Korea was the top country in the Asia-Pacific region in te...
(Bloomberg) -- Investors in few, if any, countries in the world have been burned as badly by the collapse in the commercial real estate market as those in South Korea. Its pension funds, insurance companies and asset managers all plowed billions of dollars into properties across the globe just before the pandemic drove down their value.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlCitadel Is Ready to Fight With SEC Over WhatsApp ProbeBond Selloff Grinds
![[KH explains] Seoul's office real estate robust despite 'apocalypse' fears - Vimarsana News](https://res.heraldm.com/content/image/2023/09/04/20230904000581_0.jpg?1)
An “office real estate apocalypse” looms in major global cities amid high-flying interest rates and the expansion of remote work during the pandemic. But one market that still remains robust is Seoul, so investors have set their eyes on investment opportunities here, according to industry officials at home and abroad. Investors agree that Seoul’s office market is high-priced, but they add that multi...
(Bloomberg) -- A rapid tourism recovery in Japan, bolstered by the return of Chinese visitors, and the highest level of inflation in four decades are fueling a boom in hotel investment in the island nation.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekStocks Fail to Catch a Bid Before Nvidia’s Results: Markets WrapBorr