Post Tagged with: "wealth"

Neither fat finger nor manipulation responsible for US$41 billion flash crash, says Singapore Exchange

Neither fat finger nor manipulation responsible for US$41 billion flash crash, says Singapore Exchange

What was shaping up to be a ho-hum market open in Singapore suddenly became the most dramatic session in years, with a haphazard spree of sell orders?causing a US$41 billion crash in the city?s biggest stock on Thursday. Jardine Matheson Holdings, the flagship investment firm of a 186-year-old conglomerate that […]

Chinese consortium sees off Hong Kong rivals in ferocious bidding war for prime Shanghai commercial land, ending their stranglehold

Chinese consortium sees off Hong Kong rivals in ferocious bidding war for prime Shanghai commercial land, ending their stranglehold

A Chinese consortium has outbid Hong Kong developers in a ferocious bidding war for a much coveted plot of commercial land in the heart of Shanghai. The group led by China Resources Land paid a record-breaking price for the plot after winning a bitterly contested auction that lasted for more […]

Hong Kong developers finished building 21,000 new homes last year, most in 14 years and ahead of official target

Hong Kong developers finished building 21,000 new homes last year, most in 14 years and ahead of official target

The number of private homes built in Hong Kong last year beat the government?s target and hit a 14-year high, helping to bring a 28-month bull run in the city?s property market to a halt. Figures released by the Transport and Housing Bureau on Friday showed that construction of 21,000 […]

China?s confident and carefree Generation Z spend over US$7,000 a year on luxury goods

China?s confident and carefree Generation Z spend over US$7,000 a year on luxury goods

They are confident, carefree and spend over US$7,000 a year on luxury goods ? even before they turn 21. Meet China?s Generation Z. Spoiled by parents and grandparents for being the only child in their families, these youngsters are living it up compared to their cautious, conservative peers in the […]

Luxury home sales in Hong Kong hit record US$24.6 billion last year, says Centaline report

Luxury home sales in Hong Kong hit record US$24.6 billion last year, says Centaline report

Sales of luxury homes in Hong Kong smashed all previous records last year, according to research by Centaline Property Agency. But whether that momentum can be maintained in 2019 will depend on the outcome of the US-China trade war, analysts warned. The number of homes that sold for HK$20 million […]