Krystal Chia

In transition | previously Asia Investing & Real Estate @business | 🇸🇬 | Views my own

[Lulu Yilun Chen @luluyilun]

Some of Hong Kong’s wealthy families have been caught up in the city’s real estate slump after selling luxury homes and other properties at a loss to pay back loans https://t.co/dOegFTKBRT via @wealth @krystalchia @lorrettaa_chen @Venus_Feng @russward_tokyo

[Krystal Chia @krystalchia]

Emma pays about US$836 a month for her 700 sqft, two-bedroom loft in Shenzhen, $700 less than what she paid for her 310 sqft place in HK. Plus better food delivery options, cleaner air - more HK staff are doing the same using improved transport networks
https://t.co/hm8mJhzHtv

[Lulu Yilun Chen @luluyilun]

Companies from KKR to Bain and Warburg are betting on Asia's growing computing and data storage needs following an AI boom https://t.co/2QPOavOQLd via @technology @krystalchia @lisadont

[Krystal Chia @krystalchia]

In latest investigations at Redhill, 48 of 58 houses inspected in past months had illegal structures. The govt is considering a citywide survey of houses built on slopes to identify violations, according to people familiar. For @BW with @shirleyZhaoXY
https://t.co/xZ1p0z83Iy

[Krystal Chia @krystalchia]

China’s biggest art fairs are back in a first post-Covid test of collectors’ appetite. But a troubled economy, a cyclical dip and a gloomy global backdrop are leading to a revaluation of prices. Read about West Bund and ART021 as they open this weekend.
https://t.co/hLDVXszppW

[Krystal Chia @krystalchia]

The ‘five Ds’ driving the market are rising in Asia - density, disposable income, divorce, death and after Covid — decluttering. via @business
https://t.co/X9HINvD5ET

[Yoolim Lee @yoolimleenews]

Grab’s listing on Dec. 2, 2021 was an important moment in tech in Southeast Asia. Before it started publicly trading, Grab was valued at $40 billion. Many had great expectations for the company.
https://t.co/Y6bYeM1c8K via @technology

[Krystal Chia @krystalchia]

A property at The Peak was just leased for HK$1.1 million, according to a person familiar. Even though the same unit achieved HK$1.35 million two years ago, this transaction is still a rare high-end deal in the current climate @markets @luxury

https://t.co/L2IOHj9zUU

[Krystal Chia @krystalchia]

73 years ago, workers put the finishing touches on a low-rise block of apartments overlooking Repulse Bay. The building formed part of the British colony’s reconstruction efforts after an almost four-year occupation by the Japanese. @luxury
https://t.co/5pqGGEHGai

[Lulu Yilun Chen @luluyilun]

Chinese Billionaire Liu’s Auction Flops at Sotheby’s Fall Sale. The $70 million total for art may still represent a single-owner record in Asia, but a full quarter of the lots failed to sell.
https://t.co/PykM3yfcQO via @luxury @krystalchia

[Krystal Chia @krystalchia]

I've officially joined the Asia Investing & Real Estate team, a dual role reporting on property and luxury property, and also building up our art and auction coverage. While I've already been on this beat for a while, excited for it to now be an official remit with @business!

[Krystal Chia @krystalchia]

Hong Kong student residence Y83 has many features of a hotel, including rooms with spacious bathrooms, sea views and keycards for power. Residents can also enjoy 20,000 sqft of shared space. Global investors are on the hunt for similar conversions https://t.co/VgoxnOtk3t

[Lulu Yilun Chen @luluyilun]

Companies are avoiding expansion pf floor space in Hong Kong. That spells more trouble for the city's skyscrapers https://t.co/arM80TGv2Z via @business @krystalchia

[Krystal Chia @krystalchia]

Bloomberg today has launched a series featuring some of Hong Kong’s most interesting homes. For the first story, we feature a huge mansion located in Repulse Bay. The developer is aiming for a HK$2.2 billion sale
https://t.co/3QzDperdZC

[Krystal Chia @krystalchia]

Exclusive: Veteran property investor Lin Tsz Fung and Asia Cassava are looking to sell a serviced apartment building in Sheung Wan for HK$1.3 billion
https://t.co/ijwqYiGBBj

[Lulu Yilun Chen @luluyilun]

Judging by China’s official statistics, the nation’s housing market has been remarkably resilient in the face of a weak economy. But the picture emerging from property agents & private data is far more dire https://t.co/yoFzwP1Kem @Charlie123_ZHU @emmadonghui @JDMayger

[Krystal Chia @krystalchia]

Hongkong Land is exploring the sale of Three Exchange Square and The Forum, with Savills advising the move, according to people familiar. Scoop with @lorrettaa_chen @ShawnaKwan
https://t.co/EoGgfLklpv

[Krystal Chia @krystalchia]

A CK executive dismissed the notion of a price war. “It’s money from our pocket — why should I trigger a price war?” The queue for the showroom at one point stretched across two floors as buyers hope they can successfully obtain a unit
https://t.co/MCwwjmRsBJ

[Krystal Chia @krystalchia]

Hong Kong office tenants are taking advantage of the property downturn to move to bigger, better spaces in a now or never move

https://t.co/dlr2sj0jxg

[Lulu Yilun Chen @luluyilun]

Hong Kong’s billionaire Cheng family is offering to buy the NWS shares it doesn’t own and take the firm private in a HK$35.5 billion deal https://t.co/OilOSKN9ZP via @markets @krystalchia