Cheryl Arcibal

Hong Kong

Cheryl Arcibal

Reporter, Business

Before moving to Hong Kong, Cheryl covered the economy in her native Philippines.

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Latest from Cheryl Arcibal

Controversial change to Portugal’s golden visa scheme to weigh heavily on Lisbon and Porto’s property market

New rule, which comes into effect in July, excludes the capital Lisbon and Porto from qualified destinations for property investments.

27 Jan 2021 - 7:30AM

New rule, which comes into effect in July, excludes the capital Lisbon and Porto from qualified destinations for property investments.

Controversial change to Portugal’s golden visa scheme to weigh heavily on Lisbon and Porto’s property market
Bright spots of China, Korea fail to lift Burberry’s global sales as coronavirus hits luxury shopping in Europe, America

The British fashion house’s revenues came to US$936.7 million in the third quarter of its fiscal year, down by 5 per cent as some shops were forced to close amid restrictions to contain the deadly coronavirus.

20 Jan 2021 - 9:04PM

The British fashion house’s revenues came to US$936.7 million in the third quarter of its fiscal year, down by 5 per cent as some shops were forced to close amid restrictions to contain the deadly coronavirus.

Bright spots of China, Korea fail to lift Burberry’s global sales as coronavirus hits luxury shopping in Europe, America
Hong Kong falls off global real estate investors’ radars even as they eye more assets in Asia-Pacific

Hong Kong seems to have fallen out of favour with global real estate investors, even as a greater number are either keeping or increasing their allocations for the Asia-Pacific region this year, various surveys have found.

19 Jan 2021 - 8:19PM

Hong Kong seems to have fallen out of favour with global real estate investors, even as a greater number are either keeping or increasing their allocations for the Asia-Pacific region this year, various surveys have found.

Hong Kong falls off global real estate investors’ radars even as they eye more assets in Asia-Pacific
Tencent-backed app Kuaishou looks for more ways to monetise millions of users, trim losses after Hong Kong IPO gets go-head

Tencent-backed video-sharing app Kuaishou Technology said it was looking to expand its monetisation model and reverse losses, having won approval for a US$5 billion to US$6 billion initial public offering in Hong Kong.

17 Jan 2021 - 11:07PM

Tencent-backed video-sharing app Kuaishou Technology said it was looking to expand its monetisation model and reverse losses, having won approval for a US$5 billion to US$6 billion initial public offering in Hong Kong.

Tencent-backed app Kuaishou looks for more ways to monetise millions of users, trim losses after Hong Kong IPO gets go-head
Supermarkets adopt wider aisles, contactless payment as Covid-19 pandemic forces rethink in store design

New supermarket interiors are designed to be calming and welcoming for users, while employing measures to allow for social distancing, says design consultant.

5 Jan 2021 - 7:58PM

New supermarket interiors are designed to be calming and welcoming for users, while employing measures to allow for social distancing, says design consultant.

Supermarkets adopt wider aisles, contactless payment as Covid-19 pandemic forces rethink in store design
Hong Kong’s malls adapt to fourth wave, tackle bleak Christmas season with dining and shopping offers and promotions

Hong Kong mall operators are not sitting back in the face of the city’s fourth wave of coronavirus infections, and have come out with innovative ways to promote their tenants, particularly restaurants.

26 Dec 2020 - 1:00PM

Hong Kong mall operators are not sitting back in the face of the city’s fourth wave of coronavirus infections, and have come out with innovative ways to promote their tenants, particularly restaurants.

Hong Kong’s malls adapt to fourth wave, tackle bleak Christmas season with dining and shopping offers and promotions
Australian co-working firm Victory Offices exits Hong Kong after closing sole location at The Center

Melbourne-headquartered Victory closed its 25,000 sq ft space on the 76th floor of The Center last week.

22 Dec 2020 - 1:29PM

Melbourne-headquartered Victory closed its 25,000 sq ft space on the 76th floor of The Center last week.

Australian co-working firm Victory Offices exits Hong Kong after closing sole location at The Center
‘Made in Hong Kong’ prestige provides springboard for retailers Watsons, Sa Sa to find success in Greater Bay Area

Well-known Hong Kong retailers like Watsons and Sa Sa are aggressively expanding in the bay area, where the prestige of their brands makes them a hit with mainland consumers.

17 Dec 2020 - 8:39PM

Well-known Hong Kong retailers like Watsons and Sa Sa are aggressively expanding in the bay area, where the prestige of their brands makes them a hit with mainland consumers.

‘Made in Hong Kong’ prestige provides springboard for retailers Watsons, Sa Sa to find success in Greater Bay Area
Hong Kong retail property: the worst may finally be over for sector, JLL says, but others suggest more pain ahead

The worst may finally be over for Hong Kong retail property, with rents likely to pick up in 2021, according to JLL. For other analysts, the declines are likely to continue.

15 Dec 2020 - 7:29PM

The worst may finally be over for Hong Kong retail property, with rents likely to pick up in 2021, according to JLL. For other analysts, the declines are likely to continue.

Hong Kong retail property: the worst may finally be over for sector, JLL says, but others suggest more pain ahead
Canada wants to tax phantom foreign homebuyers to rein in red-hot property prices

Canada’s plan to cool its red-hot property market by taxing phantom foreign homebuyers next year could upset the industry recovery and further erode international demand.

9 Dec 2020 - 7:33AM

Canada’s plan to cool its red-hot property market by taxing phantom foreign homebuyers next year could upset the industry recovery and further erode international demand.

Canada wants to tax phantom foreign homebuyers to rein in red-hot property prices
Singaporean online property portal Ohmyhome expands into Philippines, eyeing share of steady workers’ remittances

Online property portal Ohmyhome has entered the Philippines, where overseas remittances are fuelling sales of affordable and mid-priced flats in Manila.

24 Nov 2020 - 6:47PM

Online property portal Ohmyhome has entered the Philippines, where overseas remittances are fuelling sales of affordable and mid-priced flats in Manila.

Singaporean online property portal Ohmyhome expands into Philippines, eyeing share of steady workers’ remittances
Private-equity fund 9 Basil eyes first acquisition in Bangkok, as distress mounts in Thailand’s property sector

A private-equity fund backed by Thailand’s Chiaravanont family, among others, is to acquire a residential development in Bangkok following the close of a maiden fund worth US$120 million.

26 Nov 2020 - 2:10PM

A private-equity fund backed by Thailand’s Chiaravanont family, among others, is to acquire a residential development in Bangkok following the close of a maiden fund worth US$120 million.

Private-equity fund 9 Basil eyes first acquisition in Bangkok, as distress mounts in Thailand’s property sector
After summer blighted by coronavirus, aviation and travel industries face harsh winter, warns boss of AirAsia’s booking app

The aviation and tourism sectors face a ‘deep, harsh winter’, says CEO of the low-cost carrier’s app, Karen Chan, though signs of recovery in some Asian markets offer hope.

18 Nov 2020 - 9:53PM

The aviation and tourism sectors face a ‘deep, harsh winter’, says CEO of the low-cost carrier’s app, Karen Chan, though signs of recovery in some Asian markets offer hope.

After summer blighted by coronavirus, aviation and travel industries face harsh winter, warns boss of AirAsia’s booking app
Why appeal of upscale branded residences remains undiminished amid the coronavirus pandemic

With the segment recording 170 per cent growth in the last 10 years, top brands like Versace, Armani and Porsche have lent their names to exclusive projects.

18 Nov 2020 - 7:48AM

With the segment recording 170 per cent growth in the last 10 years, top brands like Versace, Armani and Porsche have lent their names to exclusive projects.

Why appeal of upscale branded residences remains undiminished amid the coronavirus pandemic
With Tokyo posing a challenge to Hong Kong’s financial hub crown, are companies likely to head for Japan? Analysts weigh in

The Japanese government has swiftly implemented measures to bolster Tokyo’s chances, sensing weakness in rival Hong Kong amid political turmoil.

18 Nov 2020 - 1:24PM

The Japanese government has swiftly implemented measures to bolster Tokyo’s chances, sensing weakness in rival Hong Kong amid political turmoil.

With Tokyo posing a challenge to Hong Kong’s financial hub crown, are companies likely to head for Japan? Analysts weigh in
New World’s The Pavilia Farm sells out for the fourth weekend as Hong Kong’s homebuyers return for fear of missing out

The enthusiasm to buy follows a reiteration by the US Federal Reserve to keep the current loose monetary policy unchanged, maintaining the global flow of low interest rates to sustain a global economy battered by the coronavirus pandemic, translating to cheaper mortgages for homebuyers.

14 Nov 2020 - 10:47PM

The enthusiasm to buy follows a reiteration by the US Federal Reserve to keep the current loose monetary policy unchanged, maintaining the global flow of low interest rates to sustain a global economy battered by the coronavirus pandemic, translating to cheaper mortgages for homebuyers.

New World’s The Pavilia Farm sells out for the fourth weekend as Hong Kong’s homebuyers return for fear of missing out
Shared office space giant IWG takes up rival WeWork’s vacated space at Harbour City, TST, as competitors withdraw from Hong Kong

It is the second time this year the Swiss flexible workspace giant has swooped on a space vacated by its American rival as it bets on Hong Kong’s post-pandemic work norms.

12 Nov 2020 - 7:00AM

It is the second time this year the Swiss flexible workspace giant has swooped on a space vacated by its American rival as it bets on Hong Kong’s post-pandemic work norms.

Shared office space giant IWG takes up rival WeWork’s vacated space at Harbour City, TST, as competitors withdraw from Hong Kong
Hai Phong, billed as Vietnam’s Shenzhen, seen getting a boost from status as manufacturing hub of Southeast Asian nation

Market observers say demand for residential property in Hai Phong remains limited for now, with Hanoi and Ho Chi Minh City attracting most of the investment.

11 Nov 2020 - 9:30AM

Market observers say demand for residential property in Hai Phong remains limited for now, with Hanoi and Ho Chi Minh City attracting most of the investment.

Hai Phong, billed as Vietnam’s Shenzhen, seen getting a boost from status as manufacturing hub of Southeast Asian nation
Hong Kong hotels entice women with beauty packages and spa treatments to fill rooms devoid of tourists

Hong Kong’s beleaguered hotel industry is targeting the city’s nearly 2 million working women who had a disposable income of US$72 billion last year.

11 Nov 2020 - 8:30AM

Hong Kong’s beleaguered hotel industry is targeting the city’s nearly 2 million working women who had a disposable income of US$72 billion last year.

Hong Kong hotels entice women with beauty packages and spa treatments to fill rooms devoid of tourists
Thai developers throw in massive discounts, hotel stays and even free registrations to reduce piling inventory levels

A huge surplus in some parts of Bangkok has seen Thai developers launch another campaign, the year’s fourth, to attract buyers amid the economic uncertainty.

4 Nov 2020 - 10:07AM

A huge surplus in some parts of Bangkok has seen Thai developers launch another campaign, the year’s fourth, to attract buyers amid the economic uncertainty.

Thai developers throw in massive discounts, hotel stays and even free registrations to reduce piling inventory levels
Private fund Alta Capital readies war chest to pounce on coronavirus-battered hotels, spa resorts in Asia-Pacific

Distress in the market is just starting to show, says the boss of Hong Kong-based Alta Capital Real Estate, as the accommodative stance of banks begins to waver.

3 Nov 2020 - 7:12PM

Distress in the market is just starting to show, says the boss of Hong Kong-based Alta Capital Real Estate, as the accommodative stance of banks begins to waver.

Private fund Alta Capital readies war chest to pounce on coronavirus-battered hotels, spa resorts in Asia-Pacific
Hong Kong homebuyers snap up CK Asset’s new launch in Sha Tin, snubbing K Wah’s two-year old Kai Tak project

The success of El Futuro, following the sell-out launch of New World Development’s Pavilia Farm in Tai Wai in the same district, underscores how only the newest projects are catching the eyes – and the chequebooks – of Hong Kong’s homebuyers, amid an oversupply of property expected in the fourth quarter.

31 Oct 2020 - 11:25PM

The success of El Futuro, following the sell-out launch of New World Development’s Pavilia Farm in Tai Wai in the same district, underscores how only the newest projects are catching the eyes – and the chequebooks – of Hong Kong’s homebuyers, amid an oversupply of property expected in the fourth quarter.

Hong Kong homebuyers snap up CK Asset’s new launch in Sha Tin, snubbing K Wah’s two-year old Kai Tak project
Singapore’s unique ‘collective sales’ lose appeal to investors even as housing market shows signs of early recovery

Unique to Singapore, a collective sale is a sale of property that is under multiple ownership to a single buyer, who usually intends to redevelop the site.

27 Oct 2020 - 7:49PM

Unique to Singapore, a collective sale is a sale of property that is under multiple ownership to a single buyer, who usually intends to redevelop the site.

Singapore’s unique ‘collective sales’ lose appeal to investors even as housing market shows signs of early recovery
Hong Kong homebuyers sustain buying spree at New World’s Tai Wai project, prompting rival developers to raise prices

Hongkongers continue to show a strong appetite for big-ticket purchases at New World’s Pavilia Farm project in Tai Wai. Rival developers are seizing the buoyant mood by raising their prices.

26 Oct 2020 - 11:03PM

Hongkongers continue to show a strong appetite for big-ticket purchases at New World’s Pavilia Farm project in Tai Wai. Rival developers are seizing the buoyant mood by raising their prices.

Hong Kong homebuyers sustain buying spree at New World’s Tai Wai project, prompting rival developers to raise prices
Cathay Pacific job cuts will hit Hong Kong housing market as axed pilots, cabin crew move away or downsize, say analysts

Rents in locations such as Tung Chung and Tsing Yi, where a large number of Cathay employees live, are seen declining by between 5 per cent and 10 per cent.

22 Oct 2020 - 11:35PM

Rents in locations such as Tung Chung and Tsing Yi, where a large number of Cathay employees live, are seen declining by between 5 per cent and 10 per cent.

Cathay Pacific job cuts will hit Hong Kong housing market as axed pilots, cabin crew move away or downsize, say analysts
Midland splits property business amid market slump as founder offers to take control of commercial brokerage unit

Founder Freddie Wong Kin-yip is offering to buy the rest of commercial agency Midland IC&I in a reorganisation to overcome an industry slump.

21 Oct 2020 - 10:40PM

Founder Freddie Wong Kin-yip is offering to buy the rest of commercial agency Midland IC&I in a reorganisation to overcome an industry slump.

Midland splits property business amid market slump as founder offers to take control of commercial brokerage unit
Hongkongers, mainland Chinese struck on Montenegro’s passport-for-investment scheme with EU allure in 2025

Hongkongers and mainland Chinese are among the most interested investors in Montenegro’s passport plan as the Balkan state prepares to join the European Union in 2025.

21 Oct 2020 - 10:06AM

Hongkongers and mainland Chinese are among the most interested investors in Montenegro’s passport plan as the Balkan state prepares to join the European Union in 2025.

Hongkongers, mainland Chinese struck on Montenegro’s passport-for-investment scheme with EU allure in 2025
JLL’s OfficeBlocks proptech platform allows investors to check rents, vacancies and risk profile with just a photo

OfficeBlocks allows users to conduct due diligence and invest in Asia-Pacific commercial real estate by simply using a photo of the building.

21 Oct 2020 - 7:41AM

OfficeBlocks allows users to conduct due diligence and invest in Asia-Pacific commercial real estate by simply using a photo of the building.

JLL’s OfficeBlocks proptech platform allows investors to check rents, vacancies and risk profile with just a photo
Singapore private home sales rise the most in more than two years on pent up demand, but rebound likely to fizzle out

Analysts are divided over the trajectory of Singapore’s private homes market, with some saying the rebound is unlikely to be sustained in the coming months.

15 Oct 2020 - 6:30PM

Analysts are divided over the trajectory of Singapore’s private homes market, with some saying the rebound is unlikely to be sustained in the coming months.

Singapore private home sales rise the most in more than two years on pent up demand, but rebound likely to fizzle out
Hong Kong’s mid-sized developers seek to create markets in unlikely niches to survive city’s worst economic slump on record

Hotels and shopping centres are bearing the brunt of Hong Kong’s economic slump as the number of tourists in the city began to dwindle last year following the massive street protests that rocked Hong Kong, and further reduced by the Covid-19 pandemic that led to travel restrictions.

14 Oct 2020 - 8:39AM

Hotels and shopping centres are bearing the brunt of Hong Kong’s economic slump as the number of tourists in the city began to dwindle last year following the massive street protests that rocked Hong Kong, and further reduced by the Covid-19 pandemic that led to travel restrictions.

Hong Kong’s mid-sized developers seek to create markets in unlikely niches to survive city’s worst economic slump on record