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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChair of Hang Lung Properties talks business strategy for mainland China’s property marketAdriel Chan, chair of Hang Lung Properties, reveals the company's business strategy for mainland China's property market, plus its unique partnership with LVMH on sustainability.
Persons: Adriel Chan Organizations: Hang Lung Properties, Hang Lung, LVMH
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHang Lung Properties says finding financing in mainland China has started to get easierAdriel Chan, vice chair at Hang Lung Properties, says "definitely, the requirements have been easing, and obviously, with the new announcements, it should be even easier."
Persons: Adriel Chan Organizations: Lung Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHang Lung Properties says Hong Kong property recovery will not be 'V-shaped'Adriel Chan from Hang Lung Properties says Hong Kong will get a boost from the return of Mainland China travelers looking for an "alternative" market.
Commercial property is a bright spot in Chinese real estate, in contrast with the doom and gloom of the residential housing market. Likewise, property group CIFI Holdings posted a 23% year-on-year drop in home sales in China for the first half, but reported a 69.5% lift in its property investment revenue. While some investors sold assets to stay liquid, Spiro said the commercial sector generally has more supportive government and fiscal policies. All in all, the Chinese commercial property sector's resilience lies in its ability to rebound faster than its residential counterpart. Down but not outBut unlike housing, the commercial sector is rebounding particularly after lockdowns ended and government incentives kicked in, CBRE said.
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