The ranks of Asia-Pacific millionaires are likely to continue growing faster than those from developed countries as regional economies led by China and India power ahead, a report said on Tuesday. The study on high-net-worth individuals (HNWIs) — defined as anyone with investable assets of at least one million US dollars — was issued by … Continued
Veuve Clicquot is giving champagne lovers something new to do with their phones with the launch of the Veuve Clicquot QR Code in Hong Kong. A quick refresher on QR codes for the uninitiated. QR codes are a very useful tool for pointing people to more information about your product. You take a photo of … Continued
Coco, the cafe-patisserie at The Mira Hong Kong, is collaborating with Lindt Chocolate to create this year’s mooncakes for the Mid-Autumn festival. These chocolate mooncake come in four sophisticated flavours (sour, sweet, bitter and spicy) boxed in designer packaging to reflect Cocoâ€™s couture roots.
To commemorate Snoopyâ€™s 60th anniversary, Hong Kongâ€™s Fine Jewelry Brand, TSL has made a stunning 207 Carat Diamond Snoopy. The Diamond Snoopy is 5.5 inches tall and is festooned with 9,917 diamonds, 783 black diamonds and 415 rubies. It took 8 months to complete and its proposed retail price is HK$2,888,880 (US$370,380).
A rare residential site on Hong Kong’s prestigious Victoria Peak fetched 1.33 billion US dollars at auction Wednesday, boosting one of the world’s most dizzying luxury property markets. The plot of land at 103 Mount Nicholson Road, which offers a panoramic view of Hong Kong’s world-famous Victoria Harbour, was snapped up by Nan Fung Group … Continued
Mercedes-Benz Hong Kong have launched their flagship sports car SLS AMG in the city, making Hong Kong one of the first Asian markets to get the Gullwing super sports car within the first few weeks of its production. The car is the first Mercedes automobile designed in-house by AMG and is described by Mercedes as … Continued
International stamp collectors are all aflutter this week as Hong Kong prepares to host an auction of rare Chinese stamps including a copy of the fabled “1897 Red Revenue” — known as the most valuable Chinese stamp there is. Hosted by Interasia Auctions, the sale will feature 2,200 lots representing the stamp and postal history … Continued
Hong Kong’s billionaire tycoons enjoy a status close to royalty in Asia’s wealth-obsessed financial hub. The city’s richest man Li Ka-shing has the fame of a movie star, while the court case involving the will of eccentric pig-tailed billionaire Nina Wang last year enthralled Hong Kong with its brew of sex, money and power. But … Continued
In order to celebrate The Centurionâ€™s 10th anniversary American Express revealed a special Porsche 911 Carrera S Centurion Edition in Hong Kong. The sports car is exclusive to American Express Centurion members and card holders. From now until July 31, 2010, Centurion members in Hong Kong can place their order for the Porsche 911 Carrera … Continued
Asia-Pacific millionaires are collectively worth more than their European counterparts for the first time, with the rich in China and India leading the way. The report on high-net worth individuals (HNWIs) — defined as anyone with investible assets of at least one million US dollars — was issued by Merrill Lynch Global Wealth Management and … Continued
Hong Kong officials said Wednesday they will look into the controversial sale of a luxury flat that fell through months after its developer said it had snatched world-record price. Property giant Henderson Land Development revealed on Tuesday that sales of as many as 20 out of the 24 units at “39 Conduit Road” had been … Continued
New York City’s famed 5th Avenue is no longer the most expensive street to lease a retail store According to a new report from Colliers International. The average annual rent on Manhattanâ€™s luxury shopping destination fell 10.7 percent from a year earlier to $1,250 a square foot as of March. In first place now is … Continued
Sun Hung Kai Properties, the worldâ€™s biggest developer by market value, paid HK$10.9 billion ($1.4 billion) for a residential site at a public auction in HongKong. At HK$12,540 per square foot, it is the highest price paid in a government auction in urban Hong Kong since the market peaked in 1997. Luxury home prices may … Continued
A plot of land in one of Hong Kong‘s most sought-after areas sold for a record 1.82 billion Hong Kong dollars ($233 million USD) at auction Tuesday. The 4,956-square-metre plot fetched 17 per cent more than the reserve price. The winning bid was made by Henderson Land Development Company vice-chairman Martin Lee. The price was … Continued
Bad times are getting even worse for Hong Kong‘s homemakers with a comparative survey showing it is now harder to own an apartment here than in other major cities of the world. The report released Wednesday claims that your average Hongkonger has to spend 10 times their annual income to buy an apartment — the … Continued
Iconic luxury chain Peninsula is planning to begin operations in India as part of its global expansion plan, the chain has confirmed. Clement Kwok, the CEO of Peninsula owner Hongkong & Shanghai Hotels Ltd, told BusinessWeek magazine that the brand would open a maximum of 15 properties globally in the next five to ten years. … Continued
A rare 5.16-carat blue diamond sold at auction for $6.4 million in Hong Kong on Wednesday, confirming Asia’s fast-growing taste for the precious stone. London’s famed Moussaieff Jewellers paid more than the $5.9 million expected price tag for the pear-shaped stone, the first blue diamond from the celebrated De Beers Millennium Jewels Collection to appear … Continued
The design-led, all suite heritage hotel that occupies the upper floors of Hullett House offers guests a refined and elegant experience that is reminiscent of Hong Kongâ€™s vibrant past. Hullett House is conveniently located on Canton Road in Tsim Sha Tsui, in a magnificent white-stucco colonial building dating from 1881. The hotel provides a collection … Continued
In a bold recognition of the world’s fastest-growing auction market, Sotheby’s recently hoisted China‘s flag at the most conspicuous spot outside its New York headquarters. The flag now flies between those of the US, UK, France, and Switzerland, where the auction house has established its core client base. “We proposed it. To my great surprise, … Continued
CNN posted an interesting video today about the growing number of mainland Chinese shoppers flocking to Hong Kong to buy luxury goods, much to the enjoyment of Hong Kong retailers and international luxury brands alike.