New World Development Seals $80 Million Deal for Industrial Tower in Hong Kong
12 days ago
In a significant financial move, New World Development, a prominent real estate conglomerate based in Hong Kong, has successfully sold its industrial tower for a substantial sum of $80 million. This transaction comes amidst evolving market conditions and reflects the ongoing transformations within the industrial property segment in Hong Kong.
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Hong Kong's Home Market Faces Shift: Buy-Rent Gap Set to Narrow as Prices Stabilize
2 months ago
Recent analysis indicates that Hong Kong's housing market is poised for a significant transition as home prices begin to bottom out. The once considerable premium of buying over renting is expected to diminish in the coming months, driven by a stabilization of property prices after a prolonged downturn.
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