Pearl Liu

Hong Kong

Pearl Liu

Reporter, Business

Based in Hong Kong, Pearl covers the property market in the city and China and follows major listed developers. She previously worked at The Straits Times and has also contributed stories to China Daily.

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Latest from Pearl Liu

Chinese consumers spend more on essentials like oyster sauce but cut down on wine as they tighten spending amid slowing economy

Average price of fast-moving consumer goods in the first nine months of this year on the mainland increased 3.7 per cent, much slower than the 4.6 per cent a year earlier, according to China Shopper Reporter 2019.

6 Dec 2019 - 6:41PM

Average price of fast-moving consumer goods in the first nine months of this year on the mainland increased 3.7 per cent, much slower than the 4.6 per cent a year earlier, according to China Shopper Reporter 2019.

Chinese consumers spend more on essentials like oyster sauce but cut down on wine as they tighten spending amid slowing economy
Big plans for Yangtze River Delta as China takes on the wealth gap and pollution

Yangtze blueprint to integrate Shanghai and the three neighbouring provinces of Jiangsu, Zhejiang and Anhui, but little word on how it will be achieved.

3 Dec 2019 - 1:33AM

Yangtze blueprint to integrate Shanghai and the three neighbouring provinces of Jiangsu, Zhejiang and Anhui, but little word on how it will be achieved.

Big plans for Yangtze River Delta as China takes on the wealth gap and pollution
Morgan Stanley boosts price targets for Alibaba, Baidu and e-commerce upstarts as bank says China internet sector ‘attractive’

Morgan Stanley has raised the price targets of Alibaba, Baidu, Pinduoduo and Meituan Dianping as the US investment bank upgraded China’s internet sector to “attractive” level in a research note published on Monday.

2 Dec 2019 - 10:50PM

Morgan Stanley has raised the price targets of Alibaba, Baidu, Pinduoduo and Meituan Dianping as the US investment bank upgraded China’s internet sector to “attractive” level in a research note published on Monday.

Morgan Stanley boosts price targets for Alibaba, Baidu and e-commerce upstarts as bank says China internet sector ‘attractive’
Chinese co-working operator Kr Space gives up Times Square facility, retreats from Hong Kong

Beijing-based Kr Space confirms that it was handing over the space back to Wharf Real Estate Investment Company and was in talks with the landlord on compensation for breaking the lease.

29 Nov 2019 - 10:30PM

Beijing-based Kr Space confirms that it was handing over the space back to Wharf Real Estate Investment Company and was in talks with the landlord on compensation for breaking the lease.

Chinese co-working operator Kr Space gives up Times Square facility, retreats from Hong Kong
Future Land, whose chairman Wang Zhenhua was charged with child sex abuse, rolls out new strategy to boost shopping mall business

Future Land is wrestling with the fallout from the arrest of former chairman Wang Zhenhua, who was detained by police on suspicion of child sexual abuse on July 3, wiping US$7 billion off its market value

27 Nov 2019 - 10:54PM

Future Land is wrestling with the fallout from the arrest of former chairman Wang Zhenhua, who was detained by police on suspicion of child sexual abuse on July 3, wiping US$7 billion off its market value

Future Land, whose chairman Wang Zhenhua was charged with child sex abuse, rolls out new strategy to boost shopping mall business
Small subdivided flats in Shanghai’s European heritage homes a hit among young homebuyers looking for central location

Young homebuyers in Shanghai are choosing subdivided flats in European heritage houses in the city’s former international settlement districts over newer developments, according to market observers.

27 Nov 2019 - 7:00AM

Young homebuyers in Shanghai are choosing subdivided flats in European heritage houses in the city’s former international settlement districts over newer developments, according to market observers.

Small subdivided flats in Shanghai’s European heritage homes a hit among young homebuyers looking for central location
Hong Kong’s biggest land auction attracts three bids as Kowloon site near protest flashpoint loses value

Hong Kong’s biggest land auction, involving a site that became the latest flashpoint in more than five months of anti-government protests, has attracted three bids from among the city’s richest developers.

22 Nov 2019 - 11:11PM

Hong Kong’s biggest land auction, involving a site that became the latest flashpoint in more than five months of anti-government protests, has attracted three bids from among the city’s richest developers.

Hong Kong’s biggest land auction attracts three bids as Kowloon site near protest flashpoint loses value
Beyonce’s favourite fried chicken is coming to China, with first Popeyes store to open in March

Restaurant Brands International is planning to open the first of its Popeyes fast-food restaurants in China in the first quarter of next year, in an expansion drive to catch up with rivals with decades of head start in the world’s most populous nation.

21 Nov 2019 - 11:24AM

Restaurant Brands International is planning to open the first of its Popeyes fast-food restaurants in China in the first quarter of next year, in an expansion drive to catch up with rivals with decades of head start in the world’s most populous nation.

Beyonce’s favourite fried chicken is coming to China, with first Popeyes store to open in March
Foreign firms from Michelin to Burger King shrug off trade war to bet on China as reduced red tape boosts FDI

Foreign direct investment jumps 6.6 per cent to US$107.1 billion in the first 10 months of this year, according to Ministry of Commerce.

20 Nov 2019 - 11:12PM

Foreign direct investment jumps 6.6 per cent to US$107.1 billion in the first 10 months of this year, according to Ministry of Commerce.

Foreign firms from Michelin to Burger King shrug off trade war to bet on China as reduced red tape boosts FDI
Shui On Land raises stake in Shanghai growth prospects after winning two prime sites in state auctions

Shui On Land is planning to take on more urban redevelopment projects in Shanghai after winning two prime sites at land auctions in the past three weeks, making the city its next source of earnings growth.

20 Nov 2019 - 7:00AM

Shui On Land is planning to take on more urban redevelopment projects in Shanghai after winning two prime sites at land auctions in the past three weeks, making the city its next source of earnings growth.

Shui On Land raises stake in Shanghai growth prospects after winning two prime sites in state auctions
A rundown Beijing home with standing-room only space sells for record, in a sign of desperation for hukou in the Chinese capital

The auction result offers a peek into the growing speculative bubble in Beijing’s property market, a development that has defied more than two years of policymakers’ attempts to control.

16 Nov 2019 - 12:30PM

The auction result offers a peek into the growing speculative bubble in Beijing’s property market, a development that has defied more than two years of policymakers’ attempts to control.

A rundown Beijing home with standing-room only space sells for record, in a sign of desperation for hukou in the Chinese capital
China’s bricks-and-mortar stores stress the shopping experience, rev up with technology to survive the onslaught of online shopping

Innovative twists to the shopping experience, augmented by cutting-edge technology and big data analysis, are transforming the traditional retail space into what some consultants call “experiential” shopping.

16 Nov 2019 - 10:35AM

Innovative twists to the shopping experience, augmented by cutting-edge technology and big data analysis, are transforming the traditional retail space into what some consultants call “experiential” shopping.

China’s bricks-and-mortar stores stress the shopping experience, rev up with technology to survive the onslaught of online shopping
Tesla’s Chinese challenger Evergrande slams brakes on electric car investments amid slowing sales

Billionaire Hui Ka-yan, Evergrande’s chairman, says that investments into electric cars will be reduced from 20 billion yuan this year to 10 billion yuan in 2021.

15 Nov 2019 - 10:24PM

Billionaire Hui Ka-yan, Evergrande’s chairman, says that investments into electric cars will be reduced from 20 billion yuan this year to 10 billion yuan in 2021.

Tesla’s Chinese challenger Evergrande slams brakes on electric car investments amid slowing sales
Taylor Swift brings new hits to China in curtain-raiser showpiece to Alibaba’s Singles’ Day shopping gala

Taylor Swift sang three hit songs from her latest album “Lover” to screaming fans in China, delivering the headline act in the countdown to this year’s Singles’ Day shopping extravaganza.

11 Nov 2019 - 5:26PM

Taylor Swift sang three hit songs from her latest album “Lover” to screaming fans in China, delivering the headline act in the countdown to this year’s Singles’ Day shopping extravaganza.

Taylor Swift brings new hits to China in curtain-raiser showpiece to Alibaba’s Singles’ Day shopping gala
Postal Savings Bank to raise up to US$4.7 billion in secondary listing as Shanghai snares the world’s third-largest fundraising of 2019

The Postal Savings Bank plan could become mainland China’s largest domestic stock offering since Guotai Junan Securities raised 30 billion yuan 2015, and third-largest this year globally after Uber and Budweiser.

6 Nov 2019 - 10:48PM

The Postal Savings Bank plan could become mainland China’s largest domestic stock offering since Guotai Junan Securities raised 30 billion yuan 2015, and third-largest this year globally after Uber and Budweiser.

Postal Savings Bank to raise up to US$4.7 billion in secondary listing as Shanghai snares the world’s third-largest fundraising of 2019
Chinese overseas M&As jumped 152 per cent in third quarter, but still more than 40 per cent behind 2018, Ernst & Young says

Overseas mergers and acquisitions by Chinese companies jumped by 152 per cent in the third quarter, but were still 44.6 per cent below last year’s tally for the January to September period, according to a report released by consultancy Ernst & Young on Tuesday.

6 Nov 2019 - 8:00AM

Overseas mergers and acquisitions by Chinese companies jumped by 152 per cent in the third quarter, but were still 44.6 per cent below last year’s tally for the January to September period, according to a report released by consultancy Ernst & Young on Tuesday.

Chinese overseas M&As jumped 152 per cent in third quarter, but still more than 40 per cent behind 2018, Ernst & Young says
Shenzhen’s buyers snap up new homes two weekends in a row, defying a government plan to flood China’s Silicon Valley with cheap public abodes

The strong demand for housing underscores how Shenzhen has joined the ranks of one of the five most expensive cities to live in, according to data by the property consultant CBRE.

5 Nov 2019 - 7:30PM

The strong demand for housing underscores how Shenzhen has joined the ranks of one of the five most expensive cities to live in, according to data by the property consultant CBRE.

Shenzhen’s buyers snap up new homes two weekends in a row, defying a government plan to flood China’s Silicon Valley with cheap public abodes
Chinese supermarket operators tap online consumers, data to boost bricks-and-mortar stores

Chinese home-grown supermarket operators are embracing digital channels to boost their revenue as well as to know their customers better.

31 Oct 2019 - 2:00PM

Chinese home-grown supermarket operators are embracing digital channels to boost their revenue as well as to know their customers better.

Chinese supermarket operators tap online consumers, data to boost bricks-and-mortar stores
China’s richest builder loses wealth while top 10 billionaire developers boost combined worth: Hurun Report

China’s richest developer suffered the biggest setback among the nation’s top 10 property moguls amid curbs to deter speculation, according to Hurun Report. Second-ranked Yang huiyan retained her position as the richest woman on the list.

31 Oct 2019 - 10:04AM

China’s richest developer suffered the biggest setback among the nation’s top 10 property moguls amid curbs to deter speculation, according to Hurun Report. Second-ranked Yang huiyan retained her position as the richest woman on the list.

China’s richest builder loses wealth while top 10 billionaire developers boost combined worth: Hurun Report
Hong Kong restaurant turns into co-working space on weekdays to fill room as lunch crowd disappears

At Second Draft in Tai Hang neighbourhood, operator Rohit Dugar has turned the restaurant into a co-working office space on weekdays to fill room after lunch crowd dwindled.

29 Oct 2019 - 7:48PM

At Second Draft in Tai Hang neighbourhood, operator Rohit Dugar has turned the restaurant into a co-working office space on weekdays to fill room after lunch crowd dwindled.

Hong Kong restaurant turns into co-working space on weekdays to fill room as lunch crowd disappears
Will WeWork’s woes affect Hong Kong’s overbuilt co-working sector?

Market observers believe the flexible office market is here to stay, but it is due for a shake-up and see new business models emerging.

26 Oct 2019 - 12:50PM

Market observers believe the flexible office market is here to stay, but it is due for a shake-up and see new business models emerging.

Will WeWork’s woes affect Hong Kong’s overbuilt co-working sector?
Digital retail could be boosted by Hong Kong protests, as people shop, order food from home

As the Hong Kong economy reels from four months of anti-government protests, one sector could not only benefit from the chaos – but also thrive on it. Digital retail could take off in the city, with the protests forcing shops and restaurants to shut early, or close entirely.

30 Oct 2019 - 11:23AM

As the Hong Kong economy reels from four months of anti-government protests, one sector could not only benefit from the chaos – but also thrive on it. Digital retail could take off in the city, with the protests forcing shops and restaurants to shut early, or close entirely.

Digital retail could be boosted by Hong Kong protests, as people shop, order food from home
Amid protests, Hong Kong landlords scramble for tenants in world’s costliest office towers

As Hong Kong’s civil unrest drags on into the fifth month, landlords are increasingly desperate to attract tenants for some of the most expensive office space in the world.  Landlords are considering to advertise property at HK$1 (13 US cents) per month for an introductory period.  The South China Morning Post’s business reporter Pearl Liu explains what this could mean for the city.

23 Oct 2019 - 6:03PM

As Hong Kong’s civil unrest drags on into the fifth month, landlords are increasingly desperate to attract tenants for some of the most expensive office space in the world.  Landlords are considering to advertise property at HK$1 (13 US cents) per month for an introductory period.  The South China Morning Post’s business reporter Pearl Liu explains what this could mean for the city.

Amid protests, Hong Kong landlords scramble for tenants in world’s costliest office towers
World’s most expensive parking space in Hong Kong changes owners for US$969,000, triple the city’s median home price

The sale price, in a city where nearly one in five residents lived below the government-defined poverty line in 2017, underscores the wealth gap that has pushed Hong Kong into the worst political crisis in decades.

23 Oct 2019 - 6:00PM

The sale price, in a city where nearly one in five residents lived below the government-defined poverty line in 2017, underscores the wealth gap that has pushed Hong Kong into the worst political crisis in decades.

World’s most expensive parking space in Hong Kong changes owners for US$969,000, triple the city’s median home price
As Hong Kong protests hit business, landlords offer HK$1 rents in city’s most expensive office towers

The desperation of commercial landlords underscores how Hong Kong’s political crisis has disrupted the decade-long bull run in the city’s property market, causing commercial and private property prices to fall across the city.

24 Oct 2019 - 1:47PM

The desperation of commercial landlords underscores how Hong Kong’s political crisis has disrupted the decade-long bull run in the city’s property market, causing commercial and private property prices to fall across the city.

As Hong Kong protests hit business, landlords offer HK$1 rents in city’s most expensive office towers
WeWork, Sun Hung Kai sign lease deal as struggling US start-up prepares to open co-working space in Nanjing

US unicorn WeWork signs traditional lease agreement with Sun Hung Kai Properties for four floors in the recently completed Nanjing International Finance Center Tower One.

19 Oct 2019 - 10:00AM

US unicorn WeWork signs traditional lease agreement with Sun Hung Kai Properties for four floors in the recently completed Nanjing International Finance Center Tower One.

WeWork, Sun Hung Kai sign lease deal as struggling US start-up prepares to open co-working space in Nanjing
When extra days wouldn’t spur Chinese consumers to spend, retailers open late into the night to loosen purse strings

China’s policymakers are pinning their hopes on the younger demographic to move the country towards a consumer-driven economy and are coming up with incentives for businesses to make it happen.

14 Oct 2019 - 4:48PM

China’s policymakers are pinning their hopes on the younger demographic to move the country towards a consumer-driven economy and are coming up with incentives for businesses to make it happen.

When extra days wouldn’t spur Chinese consumers to spend, retailers open late into the night to loosen purse strings
Hong Kong’s mall owners push back at tenants’ pleas to cut rents even as retail sales shrink amid unrelenting protests

Retailers and market observers say the proposals mall owners have come up with fall far short of what is needed to keep them in business.

11 Oct 2019 - 8:35AM

Retailers and market observers say the proposals mall owners have come up with fall far short of what is needed to keep them in business.

Hong Kong’s mall owners push back at tenants’ pleas to cut rents even as retail sales shrink amid unrelenting protests
Sportswear maker Li-Ning and other sponsors of Chinese basketball see shares jump as country cuts ties with NBA and Houston Rockets

China has suspended broadcasts of NBA preseason games after Houston Rockets general manager Daryl Morey tweeted his support for Hong Kong protesters

9 Oct 2019 - 10:28PM

China has suspended broadcasts of NBA preseason games after Houston Rockets general manager Daryl Morey tweeted his support for Hong Kong protesters

Sportswear maker Li-Ning and other sponsors of Chinese basketball see shares jump as country cuts ties with NBA and Houston Rockets
Chinese developers lose appetite for land in Greater Bay Area as weaker sales, tighter credit clip their wings

The 20 biggest builders bought about a third less plots of land in the bay area after their shopping spree when the initiative was launched.

8 Oct 2019 - 11:07AM

The 20 biggest builders bought about a third less plots of land in the bay area after their shopping spree when the initiative was launched.

Chinese developers lose appetite for land in Greater Bay Area as weaker sales, tighter credit clip their wings