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Demand for Hong Kong’s luxury homes slips as trade war, threat of extradition bill rattle wealthy investors

The double whammy of the US-China trade war and the threat of a controversial extradition bill that led to weeks of mass rallies in Hong Kong has hit demand for the city’s ultra-luxury homes, new figures show.Property consultancy Savills said enquiries about homes priced between HK$40,000 (US$5,111) and HK$100,000 per square foot fell in the second quarter of the year, leading to a 1.5 per cent slide in prices of town houses, whose size typically ranges from 2,000 to 4,000 square feet.It was… Source link

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Singapore 

Newlyweds give guests TOTO slips with potential $4.2 million jackpot at wedding dinner, Singapore News

You would have probably attended a wedding dinner or two where party favours like fruit jam or keychains were given out, but what about a TOTO slip? Stomp contributor Selina attended her daughter’s wedding dinner on Sunday (July 7) at Conrad Hotel when the emcees mentioned a surprise under the guests’ plates at a welcome speech. Selina told Stomp: “All the guests were excitedly waving their tickets in the air after the emcees announced what the newlyweds had in store for them.” Selina shared that one of the guests had…

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Singapore Airlines slips to second best, Cathay Pacific up to fourth in Skytrax World Airline Awards

What’s the world’s best airline? According to the 2019 Skytrax World Airline Awards, revealed at the Paris Air Show on Tuesday, it’s Qatar Airways. This is the fifth time the state-owned flag carrier of Qatar has earned top spot in the prestigious awards. Last year’s winner, Singapore Airlines, slipped to second. AirAsia was named World’s Best Low-Cost Airline.In an almost flawless night for Qatar Airways, the Middle Eastern carrier also scooped the awards for World’s Best Business Class, World… Source link

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Hong Kong slips behind New York and Nasdaq in five-month global IPO rankings, as trade war takes a toll on sentiment

A lack of blockbuster listings has seen Hong Kong slip to third place in the worldwide IPO rankings, according to data provider Refinitiv.In terms of total proceeds, it was overtaken by the Nasdaq and New York stock exchanges in the first five months of the year after the American bourses managed to attract some mega listings by global technology giants.Analysts said the US-China trade war had dented the appeal of Hong Kong as an IPO destination, and the outlook remained uncertain.New York… Source link

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Wynn Resorts looks for Macau rebound in 2020 after quarterly revenue slips 3.7 per cent

Wynn Resorts, which has a 72 per cent stake in Hong Kong-listed Wynn Macau, reported operating revenues softened to US$1.65 billion for the first quarter of 2019, a decrease of 3.7 per cent, or US$64.0 million, from US$1.72 billion for the first quarter of 2018.Wynn has two Macau properties, Wynn Macau in the Macau peninsula and Wynn Cotai in the Cotai strip. Operating revenues increased US$60.8 million at Wynn Palace and decreased US$94.4 million at Wynn Macau.Wynn’s Las Vegas operations saw a… Source link

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Hong Kong slips to 22nd spot globally in home price inflation as property curbs bite, survey finds

Hong Kong’s housing market has slipped well down the list when it comes to the pace of annual percentage gains among major cities worldwide, according to the latest survey by Knight Frank.The city fell to 22nd place from the No 1 spot a year ago among 56 global markets tracked, as average home prices tumbled 6.2 per cent in the final three months of 2018, according to the Knight Frank global house price index.For the 12 months through December, Hong Kong home prices rose 5.8 per cent, easing… Source link

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Ecommerce 

From blockbuster bonuses to pink slips: China’s tech industry nurses a hangover

A long-waited promotion can make you feel on top of the world and an unexpected lay-off can take you to rock bottom.In China’s rapidly changing tech scene, this career roller-coaster can be ridden in days – not months or years.One employee from Chinese internet major NetEase was promised a promotion ahead of the Lunar New Year holiday after several years at the Hangzhou-based company. But soon after she returned from the seven-day national holiday, NetEase laid her off as part of a companywide… Source link

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