Sa Sa International Reports 10% Dip in Turnover Amidst Decline in Sales in Hong Kong and Macau
===============
#664879c2 ver:0.36
Leading cosmetics retailer Sa Sa International reports a 10% dip in turnover due to a 20.4% decline in sales in Hong Kong and Macau. The decrease is attributed to COVID-19 and reduced tourist arrivals. However, sales in mainland China and Southeast Asia increased, and online sales surged by 71.3%. The recent increase in duty-free allowance for mainland visitors to Hong Kong is expected to boost future sales. #SaSaInternational #cosmetics #COVID19 #tourism...
#newstr #SaSaInternational #Turnover #HongKong #Macau #Sales #Tourists #DutyfreeAllowance #Mainland #SoutheastAsia #OnlineSales #RetailStores
https://here.news/story/664879c2?ver=0.36
China's Real Estate Market Faces Decline in Land Sales
===============
#664879c2 ver:0.35
China's real estate market faces decline in land sales, with a 35% drop in the first half of 2024. Hong Kong's real estate market sees a modest recovery in street-front shop rents, while Singapore plans to release the most private housing supply since 2013. Mumbai leads Indian cities in prime residential prices, and Beijing retailers resist rent increases. Hong Kong's government stabilizes the commercial real estate market by not selling any commercial land in Q2 2024. The Housing Authority implements a rent review mechanism, and authorities conduct spot checks on public housing applicants. The light public housing program receives nearly 10,000 applications. #realestate #propertymarket #HongKong #China #Singapore #Mumbai #Beijing...
#newstr #HongKong #Beijing #China #RealEstate #PropertyMarket #InterestRates #HomePrices #HomeSales #ResidentialPropertyPrices #Mumbai #SingaporeHousingMarket #HongKongPublicHousing #MainlandPropertyOwnership #LightPublicHousing #BeijingRetailTenants #ConsumptionSlump #LandSales
https://here.news/story/664879c2?ver=0.35
Hong Kong and Beijing Real Estate Markets Face Challenges Amidst Economic Slump
===============
#664879c2 ver:0.34
Despite economic challenges, Hong Kong's real estate market shows signs of recovery with modest increases in street-front shop rents. Retail shop rents are predicted to rise less than 5% in the second half of 2024. Hong Kong's economy is projected to slow to 1.7% in Q2 due to high interest rates. Singapore plans to release a significant supply of private housing to tackle rising rents. Mumbai and Delhi see increases in prime residential prices. Hong Kong's government halts commercial land sales to stabilize the market. The Housing Authority implements rent adjustments to support low-income earners. Hong Kong authorities crack down on public housing abuse. The light public housing program receives nearly 10,000 applications. In Beijing, retailers resist rent increases amidst an economic slump. #HongKong #RealEstate #Economy #Singapore #Mumbai #Delhi #Beijing...
#newstr #HongKong #Beijing #RealEstate #RentalMarket #HomePrices #HomeSales #Mumbai #SingaporeHousingMarket #PublicHousing #RetailTenants
https://here.news/story/664879c2?ver=0.34
Hong Kong Receives Overwhelming Interest for Light Public Housing Program
===============
#664879c2 ver:0.33
Hong Kong's light public housing program has received overwhelming interest, with nearly 10,000 applications for the first batch of 4,400 units. Applicants must have been on the waiting list for conventional public housing for at least three years. The government plans to conduct spot checks on applicants to ensure they don't own mainland Chinese properties. Secretary for Housing Winnie Ho encourages eligible people to apply, even if they don't get a unit this time, as they will be prioritized in future rounds. #HongKong #PublicHousing...
#newstr #HongKong #Singapore #RealEstate #InterestRates #HomePrices #HomeSales #ResidentialPropertyPrices #Mumbai #SingaporeHousingMarket #RentRise #PublicHousing #MainlandPropertyOwnership #LightPublicHousing
https://here.news/story/664879c2?ver=0.33
Hong Kong Implements Rent Increase for Public Housing to Support Programs for the Needy
===============
#664879c2 ver:0.32
Hong Kong implements rent increase for public housing to support programs for the needy. Despite challenges in the retail market, there's a modest recovery in shop rents. Hong Kong's economy projected to slow to 1.7% in Q2 due to high interest rates. Surge in home sales in 2024, but lack of interest rate cut may dampen the market. Singapore plans to release most private housing supply since 2013. Mumbai leads Indian cities in prime residential prices. Hong Kong government decides not to sell commercial land in Q2 to stabilize the market. Hong Kong Housing Authority implements rent review mechanism with a 10% cap on increases. Spot checks on public housing applicants to prevent abuse. #HongKong #housing #economy #Singapore #India #property...
#newstr #HongKong #PublicHousing #MainlandPropertyOwnership #HousingDirector #SpotChecks
https://here.news/story/664879c2?ver=0.32
Hong Kong Implements Rent Increase for Public Housing to Support Programs for the Needy
===============
#664879c2 ver:0.31
Hong Kong implements rent increase for public housing to support programs for the needy. Despite challenges in the retail market, street-front shop rents are recovering. Hong Kong's economy is projected to slow, but home prices are expected to rise. Singapore plans to release a large supply of private housing. Mumbai and Delhi see increases in prime residential prices. Hong Kong government halts commercial land sales to stabilize the market. The Housing Authority implements a rent review mechanism to support its programs for the needy. #HongKong #housing #economy #Singapore #Mumbai #Delhi #realestate...
#newstr #HongKong #Singapore #RealEstate #HomePrices #HomeSales #ResidentialPropertyPrices #RentIncrease #PublicHousing
https://here.news/story/664879c2?ver=0.31
Hong Kong Halts Land Sales to Stabilize Commercial Real Estate Market
===============
#664879c2 ver:0.3
Hong Kong halts land sales to stabilize commercial real estate market amid high vacancy rates. Retail shop rents expected to increase slightly in H2 2024. Hong Kong's economy projected to slow to 1.7% in Q2 due to high interest rates. Surge in home sales, but lack of rate cuts may dampen market. Singapore plans to release most private housing supply since 2013. Mumbai leads Indian cities with 11.5% YoY increase in prime residential prices. Hong Kong government's decision aims to stabilize market and support economic recovery. #HongKong #realestate #economy #propertymarket #Singapore #Mumbai...
#newstr #HongKong #RetailMarket #ShopRents #VacancyRates #EconomicRecovery #HomePrices #HomeSales #SingaporeHousingMarket #MumbaiResidentialPrices #CommercialRealEstateMarket
https://here.news/story/664879c2?ver=0.3
Oddbean new post about login | logout
Notes by Hong Kong and Singapore Real Estate Markets Face D... | export