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Chinese buyers keeping apartments empty 'an urban myth'

After a UBS housing report pointed to as many as one in four homes owned offshore by mainland Chinese buyers being kept empty, and a further quarter used on a "temporary" basis, experts have been quick to say the results do not apply to Australian real estate . Among the naysayers is Jane Lu, head of Australia for Chinese international property site Juwai . She said there was "no hard data" and called the idea of vacant apartments held by offshore buyers as an "urban myth". "Most Chinese buyers of inner- city apartments are not so wealthy that they can afford to leave their property vacant ??? rather than renting it and earning some sort of income. There are some who do not live there full-time, because it is their second home. " Chinese investors are no more likely to turn down easy rent money than are Australians ... Australian second-home owners probably have more vacant properties in Ballina and Byron Bay than Chinese investors do...

Chinese Pullback Won't Dent Real Estate Prices, Brookfield Says

Commercial real estate prices , hovering at record highs in the U.S. following a six-year boom, are sustainable even as Chinese regulators tighten restrictions on overseas investment, according to Brookfield Property Partners LP . There is enough capital pouring into real estate from multiple regions -- including Europe and the Middle East -- to counter any potential slowdown in Chinese investment , Brookfield Property Chief Executive Officer Brian Kingston said in a Bloomberg Television interview . While Asian buyers are often part of the equation, a global shift from low-yield fixed-income holdings to real estate will drive property values for the foreseeable future, he said. “There was a lot of headlines around how much capital was coming out of Asia,” said Kingston, a senior managing partner at Brookfield Asset Management Inc., the parent company of Brookfield Property . “The reality is it’s broad-based. It comes from a lot of places.” Price growth for U.S. commercial building...

The Plaza Is for Sale, but a Part-Owner Has Other Ideas

“We are not selling our stake and are comfortable with our rights relating to any sale by others,” said Sarmad Zok, chief executive of the prince’s company, Kingdom Hotel Investments . “We are proud to have partnered with Ashkenazy to reinstate the glory of this unique asset.” The partners have a plan for an extensive modernization program to better compete with other five-star hotels in Manhattan and to reopen areas of the hotel that have been bogged down in renovations. The Plaza’s famous Oak Room and the wood- paneled Oak Room Bar have been closed for the past six years. Whether Mr. Roy and Sahara truly intend to sell or are merely trying to bolster the price, they appear to be pressing forward. “We’ ll solicit bids ,” said Jeffrey Davis, an international director of JLL, who is overseeing the bidding for Sahara. “It’s the most iconic real estate asset in the world. It’ ll garner international attention .” Mr. Davis declined to comment on whether Kingdom Hotel Investments has ...

The Plaza Is for Sale, but a Part-Owner Has Other Ideas

“We are not selling our stake and are comfortable with our rights relating to any sale by others,” said Sarmad Zok, chief executive of the prince’s company, Kingdom Hotel Investments . “We are proud to have partnered with Ashkenazy to reinstate the glory of this unique asset.” The partners have a plan for an extensive modernization program to better compete with other five-star hotels in Manhattan and to reopen areas of the hotel that have been bogged down in renovations. The Plaza’s famous Oak Room and the wood- paneled Oak Room Bar have been closed for the past six years. Whether Mr. Roy and Sahara truly intend to sell or are merely trying to bolster the price, they appear to be pressing forward. “We’ ll solicit bids ,” said Jeffrey Davis, an international director of JLL, who is overseeing the bidding for Sahara. “It’s the most iconic real estate asset in the world. It’ ll garner international attention .” Mr. Davis declined to comment on whether Kingdom Hotel Investments has ...

Fall TV Show Premiere Schedule 2017

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Find out when your favorite shows return—plus, every new series. Most Popular HBO/CBS/Sundance Channel/NBC/ABC Aug 25, 2017 The season of crammed DVRs and binge-watching is upon us again. Not surprisingly, the fall TV lineups reveal plenty of new pedigree programming. Shows like David Simon and George Pelecanos' HBO drama The Deuce and Jane Campion's SundanceTV miniseries Top of the Lake: China Girl will probably become as much a part of the zeitgeist as returning shows like ABC's Scandal ( back October 5 ) and AMC's The Walking Dead (October 22). Also, expect a smattering of shows about real Americans making a difference, be it Lifetime's retelling of the events surrounding the Flint water crisis (premiering October 28) or, out later this year, National Geographic Channel 's adaptation of journalist Martha Raddatz 's book The Long Road Home : A Story of War and Family . This includes fictional programming , like military drama s Valor ( premieres O...