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  • November 27, 2014
  • Last updated: 4:06pm
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  1. Property - Hong Kong & China - PROPERTY

    Global luxury brands slow store expansion on mainland China

    Posted Feb 10th 2014, 04:37am by Peggy Sito

    ... and price-sensitive customer groups, where there is still spending growth driven by rising incomes, they are increasingly going to Hong Kong or other low-tax destinations to buy luxury goods," said ... and other markets became a bigger hurdle when consumers were buying for personal use, as opposed to purchases as business gifts. Sales of luxury goods on the mainland edged up 2 per cent last year ...

  2. Business - Companies - PROPERTY

    China shopping malls to be more profitable than office space: ARA

    Posted May 22nd 2013, 02:47pm by Jeanny Yu

    ... Ng said, warning that the presence of luxury brands did not guarantee fat margins. "We don't go for malls that are full of Guccis and LVs (LVMH luxury goods), but the ones ...

  3. Property - Hong Kong & China - PROPERTY

    Developers speed up flat launches as mainlanders return to Hong Kong's housing market

    Posted Sep 22nd 2014, 04:28am by Peggy Sito

    ... "The luxury end market is a good indicator of the market outlook, as this market segment is driven by high-net-worth individuals, who are more experienced home buyers-investors," Nicole ... in the secondary market remain slow. Moreover, the luxury market is still weak, indicating that the broader market is yet to fully recover. In the primary market, developers managed to sell about 170 units ...

  4. News - Business - PROPERTY

    Pay cuts for foreign bankers slow luxury-home rent rises in Hong Kong

    Posted Apr 04th 2013, 12:00am by Sandy Li

    ... listings- which is good business for financial firms- coupled with limited new supply of luxury housing will keep rents high. If the global economy made a steady recovery, rents for luxury flats ... Sandy Li sandy.li@scmp.com Rise in cost of luxury flats slows in Hong Kong. In contrast, rents for prime housing in Beijing, Shanghai and Guangzhou surged last year Cuts in expats' ...

  5. Property - Hong Kong & China - PROPERTY

    East Lantau Metropolis seems like 'flight of fancy' to some

    Posted Feb 05th 2014, 05:20am by Peggy Sito, Sandy Li

    ... Development Greg So Kam-leung said last week that Hong Kong could attract 70 million tourists a year within three years and 100 million a year by 2023. "Some of my clients once asked what goods, particular luxury products, they could buy in Hong Kong that they couldn't in [mainland] China," Mak said. "They found shopping in Hong Kong is the same as in many mainland cities. ...

  6. Property - International - PROPERTY

    Singapore developers eye global empires

    Posted Oct 29th 2014, 04:37am by Bloomberg

    ... the fourth-lowest local borrowing costs in Asia to fund record overseas purchases of hotels, office blocks and luxury apartments as property prices fall at home. CapitaLand's Ascott Residence Trust ... to luxury apartments in Sydney and London. The island's house prices fell 0.7 per cent in the third quarter and shop values dropped 0.2 per cent, the Urban Redevelopment Authority said last ...

  7. Business - Economy - PROPERTY

    Shanghai named world's leading city for shopping centre construction

    Posted Oct 20th 2014, 01:58pm by Sandy Li

    ... Shanghai also topped the rankings with 30 luxury outlets and 83 fast fashion stores. "These findings are a reflection of Shanghai's attraction to both high-end and mid-end ... of overall retail consumption, with spending on high-end goods accounting for a considerable proportion, it said. The report said the retail stock in Beijing was relatively dispersed, with only 20 ...

  8. Property - Hong Kong & China - PROPERTY

    Land sale attracts keen interest as developers bank on smaller flats

    Posted Aug 09th 2014, 04:11am by Yvonne Liu

    ... strong over the next three years. A small Ma On Shan residential site attracted 16 bidders, while a large commercial and residential site in Tsuen Wan got 11 bids. "The response was good ... market peak in March last year to reach a record 124 points. The index reflects property price movements in 115 major luxury and mass housing estates from July 14 to 20. With the government ...

  9. Property - Hong Kong & China - PROPERTY

    Hainan cracks down on idle land parcels

    Posted Aug 25th 2014, 03:31am by Langi Chiang

    ... later. But the bubble was never squeezed out completely. These days few residents can afford the luxury flats or villas being built on the island. More than 80 per cent of homebuyers in the top ... after schedule or had been halted for more than a year, according to a report released in May by the land bureau. "All good land plots in Hainan, including those along the coastal line ...

  10. Property - Hong Kong & China - PROPERTY

    Mainland China property market cooling down fast

    Posted Jun 16th 2014, 03:12am by Langi Chiang

    ... the luxury development stood in stark contrast to the mushrooming high-rises, and the chill is spreading to other projects. Another developer is selling its project at a discount at 6,000 yuan ... for big infrastructure projects such as roads and airports. "After a good year in 2013, most indicators point to a difficult 2014," said Bank of America Merrill Lynch China economist ...




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