Home 

Missing tycoon Xiao Jianhua’s relatives sell Causeway Bay shop for a massive 31 per cent loss

A shop in Causeway Bay, owned by relatives of Chinese billionaire Xiao Jianhua, the founder of the troubled Tomorrow Group, was sold at a massive loss as they start unwinding their property portfolio in the city.On Thursday, Xiao Yonghong and Sun Darui, the younger sister and brother-in-law of the missing tycoon, offloaded a 337 square feet retail unit at Causeway Place shopping centre for HK$18 million, according to Land Registry data. The couple had paid HK$26.23 million (US$3.34 million) in… Source link

Read More
China 

Could Hong Kong airport shutdown give Shenzhen the edge as top air hub in Greater Bay Area?

The shutdown of operations at Hong Kong International Airport (HKIA) for a second consecutive day on Tuesday has tarnished the city’s reputation and could prompt airlines to reassess the facility’s role as the main air transport hub for the Greater Bay Area, analysts said.That reassessment could be supported by Chinese government efforts to expand the capacity of other airports in the area to handle the expected increase in passenger traffic in coming years, they added.Hong Kong International… Source link

Read More
Home 

Hysan Development, the biggest landlord in Causeway Bay, feels the brunt of protests, expects July sales drop in ‘early teens’

Hysan Development, the biggest landlord in Hong Kong’s shopping district Causeway Bay, said that overall sales at its shopping centres is likely to have fallen by at least 10 per cent in July, as the regular extradition bill protests in the area kept shoppers away.“For July … I believe a drop can be seen. The initial estimate will be in early teens, a drop of at least 10 per cent,” Roger Hao, Hysan’s chief financial officer, said after the firm reported an 8.9 per cent rise in an underlying… Source…

Read More
Singapore 

9 places to watch NDP fireworks that are not Marina Bay Sands, Esplanade & Gardens by The Bay, Lifestyle, Singapore News

This year, the National Day Parade (NDP) will be held at the Padang and fireworks will be set off from three different places, including the Singapore River. If you’re tired of the usual locations to view the fireworks and don’t want to elbow your way through the large crowds, here are our best-kept secret locations to watch the sky light up. Though, we can’t guarantee it’ll be as empty as before, now that we’ve revealed them to you.  1. FUNAN MALL What was supposed to be a curious visit to the urban farm on the seventh level…

Read More
Home 

How Hong Kong can truly leverage the Greater Bay Area for the arts

The buzz of the Greater Bay Area project, a government scheme to link up Hong Kong and other Chinese cities in a business hub, has spilled over into the arts and culture. Last month, a festival organised by the Hong Kong Celebrations Association in Victoria Park, featuring Belgian DJ DVLM and K-pop idol Rain and well attended by youngsters, was called the Greater Bay Festival even though it appeared to have little to do with the business park. However, this may be reflective of the intention to… Source link

Read More
Home 

Shops in Causeway Bay see sales hit by Hong Kong protests, says landlord Hang Lung, as retail rents seen tanking

Hong Kong’s retail sector has been hit by weeks of protests that have frequently descended into violence, according to Hang Lung Properties, a major landlord in one of the city’s best known shopping areas.The company’s chief executive Weber Lo said the mass rallies had damaged sales of its tenants in Fashion Walk, Causeway Bay, while Knight Frank predicted rents for high-street shops will fall by up to 10 per cent in 2019.“[In light of] the recent confrontations, as Hongkongers we of course… Source link

Read More
Singapore 

Dragon playground, Ah Meng among local icons depicted in Orchid Extravaganza at Gardens by the Bay, Singapore News

SINGAPORE – For local fashion designer Yang Derong, the vintage dragon playgrounds once ubiquitous in the 1980s bring back fond childhood memories. The iconic playground is his personal favourite out of the handful of Singapore icons that inspired this year’s Orchid Extravaganza to celebrate National Day. Mr Yang, 54, who is also art director for this year’s National Day Parade, designed the floral display housed in the Flower Dome at Gardens by the Bay. Splashed in bold, vibrant colours, the display boasts familiar symbols of Singapore culture – such as…

Read More
Singapore 

Clip of boy peeing into plants at Gardens by the Bay angers Singaporeans, Singapore News

When you gotta go, you gotta go. A little boy was recently spotted taking a leak in public at Gardens by the Bay. In a video clip posted on reddit, the child was seen urinating into some plants at the tourist attraction while the adults around him looked on. A woman also helped the child pull up his pants before he trotted off. They could be heard speaking Mandarin in the video but it is unclear if they’re Chinese tourists. And boy are some Singaporeans angry after watching the clip. “No…

Read More
Singapore 

Gardens by the Bay murder trial: Man who strangled China mistress and burned her body found guilty , Singapore News

SINGAPORE – Laundry shop manager Leslie Khoo Kwee Hock, 51, who strangled his China lover in his car in a quiet road near Gardens by the Bay and then burned her body, was found guilty of murder on Thursday (July 18). Judicial Commissioner Audrey Lim convicted Khoo of murdering engineer Cui Yajie, 31, on the morning of July 12, 2016, and rejected all defences he had raised to the charge. She found that Khoo knew that pressing Ms Cui’s neck with great force would “likely cause her death”, and dismissed his claims…

Read More
Property 

Protests cast a shadow on restaurant rents in Causeway Bay and Central

The ongoing protests that have expanded to different districts of the city will hurt restaurants, putting further pressure on landlords to cut rents if the demonstrations persist, say industry observers.In the past six weeks, Hong Kong has been rocked by a series of mass rallies and clashes between protesters and the police, sparked by the now-suspended extradition bill which would have allowed the transfer of fugitives to regions such as mainland China and Taiwan.This resulted in road closures… Source link

Read More