Commercial property

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China’s indebted property sector highlights a fading economic revival

Xi Jinping’s mission is not only to control the housing bubble but rein in untethered industries and foreign capitalChina’s economy has become heavily dependent on property development over the last decade. High-rise apartments have mushroomed across h…

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HSBC to slash post-Covid office space by 40% as profits drop by a third

Bank also reaffirms greater shift towards Asia-Pacific, where most of its earnings come fromHSBC is to reduce its office space around the world by nearly 40% as part of sweeping cost cutting designed to capitalise on new part-office-part-homeworking ar…

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