Hongkong Land banking on Hong Kong’s luxury rebound: strategic or optimistic?

Hongkong Land’s announcement that it is embarking on a US$1 billion development plan with a lineup of luxury brands, including Cartier, Chanel, Hermes, Prada and Van Cleef & Arpels, made the headlines last week. The investment has raised questions about the future direction of the luxury sector within the territory, leaving many wondering what the long-term implications of this shake-up could be. “They’re focusing on core markets where they can make money,” Nick Bradstreet, Savills

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