The Tung Fat Building in Kennedy Town was converted to eight apartments, one per floor. The exterior was refurbished, but its corners retain the curves characteristic of Modernism. – Credit: Denice Hough

HONG KONG (The New York Times) — The Tung Fat Building has a prized waterfront position in Kennedy Town, the westernmost neighborhood on the crowded north shore of Hong Kong Island.

Its Cantonese name translates as the “Get Rich Together” building, one of many such aspirational titles for Hong Kong apartments and offices, old and new.

But for its owners, the “tong lau,” or walkup tenement, has been a decade-long cash sinkhole, although the expense should be ending now that the concrete building’s unusual renovation is all but completed. Continue reading →

Malaysia has led the way in terms of salary growth for property professionals in the last year, according to a new report. But average salaries across Asia declined 3.4 percent in 2013, leaving them standing at US$96,087 per year. Continue reading →

The collapse of a Chinese developer has sparked a selloff in the bonds and stocks of mainland property companies as a whole, with the industry predicting more bankruptcies and defaults to come. Continue reading →

The level of housing-sale transactions in China has slowed dramatically, and along with more muted home-price gains will be a hot topic with a major policy meeting set to get under way in China on March 5. Continue reading →