…the property for 10 years. Currently, the retail space is leased to a food shop for HK$60,000 per month,which would provide a 3.8 percent rental yield. A real estate agent cited in the account said that the retail unit was sold 15 percent below market rates. Read More>> Tai Po Villa Sells for HK$2.7M Loss An individual buyer named Sze Lai Mang, who has the same name as a director of private firm Everon Investment Development Limited, has splashed…
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Hong Kong ‘Shop King’ Tang Shing-bor Dies at 88
…cades. Tang Shing-bor with son Stan By 1997 he had collected more than 200 shops worth HK$7.3 billion, but the Asian financial crisis that year torpedoed a planned IPO. In later life Tang began to lay succession plans, grooming his youngest son, Stan Tang, to take over the family business. The son has proved an empire builder in his own right by establishing Stan Group, which owns residential, commercial and industrial assets throughout Hong Kong,…
Family of Hong Kong’s Late Shop King Sells Fanling Industrial Asset for $89M
…on has been supported by a growing market for Hong Kong warehouses and workshops after local authorities created incentives for redeveloping industrial properties. “The successful disposal of the Mineron Centre demonstrates investors’ confidence in the prospects of Hong Kong’s property investment market,” Colliers said in a statement. The property consultancy cited “the favourable government policy for industrial redevelopment” as helping to boost…
Wanda Launching Online Investment Product to Fund 900 New Malls
…ncing scheme is likely to prove inadequate. Luckily, there’s the Internet. Online Financing for Offline Projects Greenland Group, which primarily markets residential properties, rolled out its first online financing vehicle earlier this month and was able to raise RMB 200 million ($32 million) in just 30 minutes. Greenland’s wealth management product capitalised on consumer dissatisfaction with low-interest savings accounts and public confidence i…
Pradera Retail Asia Opens Mosaic Xi’an, Bringing China Mall Portfolio to Four Sponsored Feature
…nd video-sharing social network Tik Tok (or Douyin in Chinese) to have the online influencers interacting with the shoppers and introducing a series of promotional offers. Tencent’s trending online video game, PlayerUnknown’s Battlegrounds, has hosted a competition and a WeChat red pocket lucky draw to award the winners with F&B coupons and drive its offline initiatives with online activities. “(While) technology has inevitably changed the retail…
MTD TV Interview with Jeffrey Perlman of Warburg Pincus Now Online APAC Logistics Forum 2020
…ward to having you join us, and you can register free of charge here. More Online Forums on the Way The APAC logistics series is Mingtiandi’s inaugural set of online events and be sure to watch for more MTD TV forums in the coming months. In September, we will welcome some of the region’s leading data centre developers and investors for our data centre series, which will be followed in November by Mingtiandi’s proptech forum. Also, stay tuned for…
Mingtiandi is Back Online
Hi Folks, We are back online We are back online here at Mingtiandi, and after eight months of site building and eleven months of company constructing, our new site, www.Rightsite.asia is nearly ready. Here’s the latest. Hosting Migration We have been struggling with migrating this blog, our IDAAWorld.org site, and our email to a new host this week. These are supposed to be routine processes, but due to my being something of a techno-dunce, and…
Shopping Centres Go Social to Attract Chinese Consumers: China Mall 2020
…leisure time for the country’s middle class, along with the popularity of online shopping, is putting a premium on the social value of offline shopping and retail spaces. Weekends are for Window-Shopping Christine Lam of Aedas Offline shopping continues to flourish in China in part due to its vital social function. Guangjie, which roughly translates as window shopping, has become a primary pastime for many of China’s newly affluent consumers. In…
Prada Takes Pop-Up Shop on Asia Tour, Starting in Macau
…d opened its first Asian pop-up store last September in Bangkok’s Emporium shopping mall, and just this month launched an official online store in China. Prada Kicks off China Pop-Up Store Tour in Macau Prada boss Patrizio Bertelli keeps popping up in Greater China Prada’s newest pop-up store, Prada Spirit, will be installed for a month in the Promenade Shops’ Pearl Lobby area of the Galaxy Macau in Cotai district, the company announced. The space…
Hong Kong’s Shop King Consolidates Western Site with HK$810M Buy of Butterfly Hotel
…ower to fill the nearly 120 metre stretch of seaview property. Billionaire Shop Investor Paves the Way for Sai Ying Pun Office Tower Leong-owned entity Ridge Avis Limited bought the boutique hotel, at 95 Connaught Road West from a unit of mainland conglomerate Kai Yuan Holdings. The purchase price works out to HK$21,300 per square foot of gross floor area for the 37,939 square foot (3,525 square metre) property, which is a three-minute walk from t…
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