https://www.scmp.com/rss/277780/feed David Ji is Head of Research & Consultancy, Greater China at Knight Frank en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Despite the fact that China’s GDP growth in 2018, at 6.6 per cent year on year, was the slowest in 28 years, the country’s hotel sector saw robust growth. A growing middle-class population and a government policy to boost domestic consumption ensure positive long-term prospects for the hospitality market. Tourism continued to be an important growth engine for mainland China’s economy. In 2018, the domestic tourism industry contributed about 9.94 trillion yuan (US$1.47 trillion), or 11.04 per... https://www.scmp.com/property/hong-kong-china/article/3008114/chinas-hotels-sector-poised-benefit-beijings-domestic?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3008114/chinas-hotels-sector-poised-benefit-beijings-domestic?utm_source=rss_feed Tue, 30 Apr 2019 04:00:05 +0000 In Hong Kong, housing prices are a constant topic in the media, on social networks and among professional pundits. Yet, when it comes to predicting its future movement, no one seems to be sure who to believe. By August 2018, it had been on rising streak for 28 months. Then there were signs of a correction beginning to emerge. By November, it had dropped 3.6 per cent month on month. But prices still rose 3.9 per cent over the whole 11-month period last year. One would be forgiven for not knowing... https://www.scmp.com/property/hong-kong-china/article/2183030/indicator-has-proven-be-accurate-gauge-hong-kong-house?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2183030/indicator-has-proven-be-accurate-gauge-hong-kong-house?utm_source=rss_feed Tue, 22 Jan 2019 02:00:00 +0000 The Hong Kong retail market is evolving. Whether it is because of publicity around the “Greater Bay Area”, huge rail and bridge projects, or changing consumer behaviour in the digital age – things are happening in the shopping streets of the city that no one could think of five years ago. Undoubtedly, improved connectivity brings in more foot traffic. Hong Kong now finds itself within easy reach of a vast pool of 68 million shoppers who are looking for somewhere different to take a break in than... https://www.scmp.com/property/hong-kong-china/article/2157442/greater-bay-area-initiative-has-brought-hong-kong-closer?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2157442/greater-bay-area-initiative-has-brought-hong-kong-closer?utm_source=rss_feed Tue, 31 Jul 2018 04:04:00 +0000 In his latest budget, Hong Kong’s Financial Secretary Paul Chan Man-po has designated the land plot above the West Kowloon Express Rail Link (XRL) terminal to be up for sale. The site will generate a substantial amount of grade A office space that is more than double the existing stock in the area. With the opening of the terminal this year, this upsurge of space is set to have a huge impact on the office market in West Kowloon in the short term, which will spread to the entire Tsim Sha Tsui... https://www.scmp.com/property/hong-kong-china/article/2141078/will-new-supply-west-kowloon-dampen-hong-kongs-record?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2141078/will-new-supply-west-kowloon-dampen-hong-kongs-record?utm_source=rss_feed Tue, 10 Apr 2018 11:02:29 +0000 Just over a year ago, Hong Kong’s retail industry had just emerged from a period dogged by deteriorating sales caused by falling visitor arrivals, in particular those from mainland China who were responsible for the lion’s share of spending on luxury goods. After the prolonged downturn, the city’s retail sales value increased during most of 2017, as an improved business atmosphere and a rebounding yuan currency encouraged mainland Chinese visitors to come back to Hong Kong. But this recovery... https://www.scmp.com/property/hong-kong-china/article/2133795/jury-still-out-prospects-hong-kongs-retail-reinvention?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2133795/jury-still-out-prospects-hong-kongs-retail-reinvention?utm_source=rss_feed Mon, 19 Feb 2018 06:29:08 +0000 The tremendous growth of the Chinese economy in the past 30 years was largely driven by the rise of the two super-city clusters – the Yangtze River Delta (YRD) and the Pearl River Delta (PRD). These country-sized regions, consisting of one or two mega metropolises surrounded by an assortment of satellite cities, together produce over 25 per cent of the country’s GDP. Not only that, for the past few decades they were the world’s greatest social and economic testing ground for wealth creation... https://www.scmp.com/property/hong-kong-china/article/1995314/beijings-dream-super-city-cluster-still-faces-many?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1995314/beijings-dream-super-city-cluster-still-faces-many?utm_source=rss_feed Wed, 27 Jul 2016 00:21:59 +0000 Recent years have seen a renaissance in what Knight Frank calls the global cities. These are the cities major airlines consider it essential to offer flights to, and where the Fortune 500 companies will have an office and international hotel groups invariably have a five-star property. Among these cities one would find the major financial hubs and commercial centres of the world, including London, New York, Tokyo, Singapore and Hong Kong. With an expected 1.1 billion new city dwellers in the... https://www.scmp.com/property/international/article/1610584/growing-clout-global-cities-offers-property-opportunities?utm_source=rss_feed https://www.scmp.com/property/international/article/1610584/growing-clout-global-cities-offers-property-opportunities?utm_source=rss_feed Tue, 07 Oct 2014 08:30:00 +0000 After an eventful year during which the China market continued to fall under the influence of restrictive policies, DTZ believed it would be interesting to gauge real estate players' outlook for China's property market in 2013. DTZ Research conducted a cross-sector and cross-regional survey of those with an interest in the mainland property market for their views on market demand in the New Year, their financing and portfolio growth prospects, and what factors would be most important in driving... https://www.scmp.com/property/hong-kong-china/article/1143808/mainland-property-players-still-upbeat-despite-tougher?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1143808/mainland-property-players-still-upbeat-despite-tougher?utm_source=rss_feed Tue, 05 Feb 2013 16:00:00 +0000 In the past few decades there has been a fundamental change in the way we look at mainland cities. While some overseas observers wrangle over their classification into "tiers", this method of pigeon-holing is becoming outdated as cities are no longer seen as growing in standalone "silos" but in clusters. Along with freer trade and improved production synergy, the relationship between a larger core metropolis and surrounding smaller cities becomes much closer. City boundaries are therefore... https://www.scmp.com/property/hong-kong-china/article/1062549/mainland-cities-achieve-growth-through-cluster-effect?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1062549/mainland-cities-achieve-growth-through-cluster-effect?utm_source=rss_feed Tue, 16 Oct 2012 16:00:00 +0000