Furniture retailer Ikea is set to close seven of its stores in China, adjusting its footprint in response to prolonged weakness in the country’s property market and shifting consumer behaviour. The move highlights how even well established global brands are being forced to
A joint venture between Sino Land and Great Eagle Holdings has secured a prime residential site in Kowloon after winning a government land tender valued at HK$1.61 billion, equivalent to about US$206 million. The successful bid comes as signs emerge that Hong Kong’s
Hong Kong’s major property developers are moving quickly to launch new residential projects as market sentiment shows early signs of improvement, a strategy that could test the strength of the city’s fragile housing recovery. While buyer interest has picked up from last year’s
China’s property sector continues to contract, with the number of developers capable of generating large scale sales falling sharply amid a prolonged and unresolved housing downturn. In 2025, only ten Chinese property developers recorded annual sales exceeding US$14 billion, a dramatic decline from
Property loses its once unchallenged appeal For decades, real estate was the cornerstone of wealth accumulation in China, particularly among affluent households preparing for retirement. Property was seen not only as an investment but as a symbol of stability, status, and long term
Shanghai authorities have launched a sweeping campaign against online content that portrays the property market in an overly negative or misleading light, as concerns about China’s struggling real estate sector continue to linger. The move comes at a time when two major data
