Cheryl Arcibal

Hong Kong

Cheryl Arcibal

Reporter, Business

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

Show more

Latest from Cheryl Arcibal

Crazy rich Asians: Young and focused on education but less generous than their North American and European peers, survey finds

The region’s super-wealthy trail their peers in North America and Europe when it comes to parting with their money for a good cause, a survey by Wealth-X suggests.

The region’s super-wealthy trail their peers in North America and Europe when it comes to parting with their money for a good cause, a survey by Wealth-X suggests.

1 hour ago
Hong Kong home prices rise for 13th straight year, with rising trend likely to sustain if city brings fifth wave of Covid-19 outbreak under control

The index for lived-in homes in December fell about 0.3 per cent to 392.5 from November, but rose 3.3 per cent on an annual basis.

The index for lived-in homes in December fell about 0.3 per cent to 392.5 from November, but rose 3.3 per cent on an annual basis.

27 Jan 2022 - 3:37PM
Hotels in Asia-Pacific likely to see surge in investment this year as coronavirus restrictions ease, JLL report says

Hotels in the region are likely to receive investment of more than US$9 billion this year, up 30 per cent from 2021, as confidence returns to the hospitality sector, according to JLL.

Hotels in the region are likely to receive investment of more than US$9 billion this year, up 30 per cent from 2021, as confidence returns to the hospitality sector, according to JLL.

26 Jan 2022 - 9:30AM
Singapore’s higher property tax to have short-term impact on home sales as buyers reconsider options, analysts say

Property demand in Singapore is likely to remain subdued in the first half of the year as buyers digest the latest cooling measures, analysts said.

Property demand in Singapore is likely to remain subdued in the first half of the year as buyers digest the latest cooling measures, analysts said.

26 Jan 2022 - 7:30AM
Hong Kong real estate regains appeal with international investors as they target hotels, industrial assets in 2022, CBRE survey shows

Hong Kong was the sixth most attractive property investment destination in a CBRE poll of some 30 cities in Asia-Pacific, after dropping out of the top 10 last year

Hong Kong was the sixth most attractive property investment destination in a CBRE poll of some 30 cities in Asia-Pacific, after dropping out of the top 10 last year

20 Jan 2022 - 7:33PM
Bitcoin’s powerful surge offers traction in global real estate transactions as industry seeks to overcome volatility

The industry needs to overcome several hurdles including price volatility and regulatory risks before digital currencies can become mainstream, property analysts say.

The industry needs to overcome several hurdles including price volatility and regulatory risks before digital currencies can become mainstream, property analysts say.

11 Jan 2022 - 6:49PM
Prime London properties set for further recovery as Hongkongers, local investors flock back to city centre as Omicron wave peaks

There are signs that momentum is starting to build, according to London-based property agency Bective. The UK capital is a destination of choice for investors, Hongkongers included.

There are signs that momentum is starting to build, according to London-based property agency Bective. The UK capital is a destination of choice for investors, Hongkongers included.

11 Jan 2022 - 8:52AM
Chinese Estates to post US$190 million loss as disposal of China Evergrande shares weighs heavily on bottom line

Chinese Estates Holdings, controlled by the family of Hong Kong tycoon Joseph Lau Luen-hung, says it will post an annual loss of HK$1.5 billion (US$192 million) for 2021, its biggest since it lost HK$8.85 billion in 2010.

Chinese Estates Holdings, controlled by the family of Hong Kong tycoon Joseph Lau Luen-hung, says it will post an annual loss of HK$1.5 billion (US$192 million) for 2021, its biggest since it lost HK$8.85 billion in 2010.

8 Jan 2022 - 9:00AM
Australia’s housing market faces headwinds as supply likely to outpace demand, analysts say

The highly infectious Omicron strain of the Covid-19 pandemic and various restrictions on foreign homebuyers – made up in large part by Chinese investors – may also weigh on the housing market.

The highly infectious Omicron strain of the Covid-19 pandemic and various restrictions on foreign homebuyers – made up in large part by Chinese investors – may also weigh on the housing market.

5 Jan 2022 - 7:36AM
Mainland Chinese house prices expected to fall in 2022 as rest of world sees growth

Housing shortages, low mortgage rates and rising construction costs are seen boosting home prices globally, while in China the government is likely to keep rein in the market.

Housing shortages, low mortgage rates and rising construction costs are seen boosting home prices globally, while in China the government is likely to keep rein in the market.

31 Dec 2021 - 1:00PM
Portugal’s revamped golden visa scheme may mean higher cash requirements for Hongkongers, mainland Chinese to invest

Starting in the new year, investors seeking citizenship will have to buy commercial property rather than homes in Lisbon, Porto and the Algarve under revamped rules.

Starting in the new year, investors seeking citizenship will have to buy commercial property rather than homes in Lisbon, Porto and the Algarve under revamped rules.

26 Dec 2021 - 10:00AM
West Kowloon district emerging as new darling of Hong Kong-based multinational tenants

The area is set to see new office buildings open in the next few years, including the West Kowloon Cultural District Authority (WKCDA) Tower – new home to the Asian headquarters of auction house Phillips.

The area is set to see new office buildings open in the next few years, including the West Kowloon Cultural District Authority (WKCDA) Tower – new home to the Asian headquarters of auction house Phillips.

20 Dec 2021 - 11:00AM
Property investment funds look to ramp up staff in Asia-Pacific next year as optimism returns, study finds

Nine out of 10 real estate funds plan to increase or maintain the same headcount, according to the joint survey by PwC and the Anrev.

Nine out of 10 real estate funds plan to increase or maintain the same headcount, according to the joint survey by PwC and the Anrev.

17 Dec 2021 - 7:37AM
Finland dangles childcare, freebies and residency to lure green professionals of Japan, Hong Kong to settle in the ‘world’s happiest country’

Finland, with a median monthly salary of €3,217 last year, topped the global ranking of the happiest country on Earth for the fourth consecutive year, according to the 2021 World Happiness Report.

Finland, with a median monthly salary of €3,217 last year, topped the global ranking of the happiest country on Earth for the fourth consecutive year, according to the 2021 World Happiness Report.

15 Dec 2021 - 12:05PM
Hongkongers eyeing Canadian homes should move fast, as booming prices to only rise further next year, analysts say

Home sales in Canada hit a historic high in October this year, and Hongkongers looking to buy property in the north American country should not wait for a correction and make their purchases as soon as possible, agents and analysts said.

Home sales in Canada hit a historic high in October this year, and Hongkongers looking to buy property in the north American country should not wait for a correction and make their purchases as soon as possible, agents and analysts said.

15 Dec 2021 - 7:47AM
Lululemon opens first street-facing store in Central, Samsung takes up prime space as Hong Kong’s retail rent tumbles by a third

With rents along Queen’s Road Central declining, brands and retailers such as Lululemon and Samsung are taking up space in a prime business and retail area in Hong Kong’s main business zone.

With rents along Queen’s Road Central declining, brands and retailers such as Lululemon and Samsung are taking up space in a prime business and retail area in Hong Kong’s main business zone.

13 Dec 2021 - 10:42PM
New World’s scion invests in Hong Kong’s blockchain unicorn Animoca to sell land NFTs in the metaverse

Adrian Cheng has invested in a unit of Animoca Brands – The Sandbox – a decentralised gaming virtual world, offering virtual real estate, called Land NFTs.

Adrian Cheng has invested in a unit of Animoca Brands – The Sandbox – a decentralised gaming virtual world, offering virtual real estate, called Land NFTs.

10 Jan 2022 - 9:37AM
Hongkongers are among the world’s biggest investors in cryptocurrencies, Visa study says

The study found that 18 per cent of Hongkongers are active investors in cryptocurrency, while 13 per cent are passive owners.

The study found that 18 per cent of Hongkongers are active investors in cryptocurrency, while 13 per cent are passive owners.

9 Dec 2021 - 7:30AM
Hong Kong’s punters plunge into car parking bays, sending transactions to records amid rollback of stamp duty

A limited supply of car parking spaces in Hong Kong and removal of double stamp duty has whetted investors’ appetite for this property segment.

A limited supply of car parking spaces in Hong Kong and removal of double stamp duty has whetted investors’ appetite for this property segment.

8 Dec 2021 - 4:21PM
Offices may decamp to Hong Kong’s Causeway Bay amid rental crash in the world’s costliest retail strip

Causeway Bay commanded the world’s most expensive retail rents for six consecutive years until 2020.

Causeway Bay commanded the world’s most expensive retail rents for six consecutive years until 2020.

8 Dec 2021 - 8:30AM
Hong Kong, other Asian cities shut out of world’s top 10 tourist destinations amid tough travel restrictions

Paris and other European cities dominate the list compiled by Euromonitor International, owing to their more relaxed travel policies amid the pandemic.

Paris and other European cities dominate the list compiled by Euromonitor International, owing to their more relaxed travel policies amid the pandemic.

5 Dec 2021 - 9:30AM
Hong Kong luxury home sales recover from Covid-19-induced slump, to hit record high this year

Luxury home sales in Hong Kong are likely to hit a record high this year, after activity slumped last year because of the Covid-19 pandemic.

Luxury home sales in Hong Kong are likely to hit a record high this year, after activity slumped last year because of the Covid-19 pandemic.

2 Dec 2021 - 7:00AM
Wealthy Asians likely to bequeath US$2.54 trillion to their heirs by 2030, report says

There are more wealthy Asians than Europeans today, although the average age of wealthy people in the region - barring Japan - tends to be younger.

There are more wealthy Asians than Europeans today, although the average age of wealthy people in the region - barring Japan - tends to be younger.

2 Dec 2021 - 12:06AM
The North Face opens largest Asia store with 3,800 sq ft at K11, betting on Hong Kong’s retail recovery

The North Face is opening its biggest store in Asia-Pacific in K11 Art mall in Tsim Sha Tsui, pointing to further recovery in Hong Kong’s battered retail property market.

The North Face is opening its biggest store in Asia-Pacific in K11 Art mall in Tsim Sha Tsui, pointing to further recovery in Hong Kong’s battered retail property market.

30 Nov 2021 - 7:30AM
Old becomes hip: Asia’s heritage buildings get multimillion dollar makeovers as investors see gold and dazzle in history and culture

Heritage buildings are not guarantees of premium rental fees, because the deciding factors are ultimately the location, and the dynamics of market demand and supply, analysts said.

Heritage buildings are not guarantees of premium rental fees, because the deciding factors are ultimately the location, and the dynamics of market demand and supply, analysts said.

24 Nov 2021 - 7:52AM
JPMorgan offers Hong Kong staff up to US$5,000 each in reimbursement for quarantine stays after family visits abroad

JPMorgan will provide quarantine reimbursement for a single trip for the bank’s Hong Kong staff to visit loved ones between December 1 and next November.

JPMorgan will provide quarantine reimbursement for a single trip for the bank’s Hong Kong staff to visit loved ones between December 1 and next November.

22 Nov 2021 - 11:31PM
Jollibee drinks up Taiwanese bubble tea shop Milkshop as it ramps up acquisitions to fulfil global ambitions

The Philippines fried-chicken chain is set to purchase 51 per cent of Milkshop for US$12.8 million, adding another foreign company to its international portfolio.

The Philippines fried-chicken chain is set to purchase 51 per cent of Milkshop for US$12.8 million, adding another foreign company to its international portfolio.

21 Nov 2021 - 10:46PM
Rising UK interest rates unlikely to lead to the price drop some Hongkongers are waiting for, analysts say

Any interest rate hike in the United Kingdom is unlikely to have a significant impact on home prices, offering a limited upside for Hongkongers who are looking to move to Britain under the BN(O) scheme and buy property there, according to analysts and agents.

Any interest rate hike in the United Kingdom is unlikely to have a significant impact on home prices, offering a limited upside for Hongkongers who are looking to move to Britain under the BN(O) scheme and buy property there, according to analysts and agents.

17 Nov 2021 - 8:01AM
Australia’s property market ignores China snub as Singapore, US funds rush for prized commercial assets

Investors are snapping up commercial properties despite lingering Canberra-Beijing tensions. Singapore and US funds have rushed in while Hong Kong-based investors have made their presence felt.

Investors are snapping up commercial properties despite lingering Canberra-Beijing tensions. Singapore and US funds have rushed in while Hong Kong-based investors have made their presence felt.

16 Nov 2021 - 7:35PM
Take your office home: Singapore developer GuocoLand offers dual-concept flats

As working from home goes mainstream amid the pandemic, a Singaporean developer has designed flats that enable owners to run an office from home.

As working from home goes mainstream amid the pandemic, a Singaporean developer has designed flats that enable owners to run an office from home.

10 Nov 2021 - 9:38AM