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Hong Kong developers rediscover pricing power amid firmer demand
Prices for some new homes in Hong Kong have rebounded by as much as a third from the housing market’s lowest level a few years ago amid robust demand, according to analysts. Developers have priced new units this year in Tseung Kwan O, Wong Chuk Hang and Tai Wai between 7 and 36 per cent higher than those sold in the same projects or in the same districts in previous years, data tracked by JLL showed. The consultancy said that on average, prices for the first sales in new developments this...
From 5% to 91% AI adoption in 3 years: Inside India’s corporate realty transformation
India's real estate sector is undergoing a rapid technological shift, with artificial intelligence adoption among corporate real estate players jumping from under 5 per cent in 2023 to 91 per cent in 2025, a transformation that mirrors a global surge in AI-driven restructuring of the property industry. The figures, from last month's FICCI-KPMG report, projects the Indian real estate market will grow from $650 billion in 2025 to $5.8 trillion by 2047. The sector already contributes 7.3 per...