Premium Essay

Analysis of Hong Kong Prime Retail Property Market

In: Business and Management

Submitted By lokyee0704
Words 733
Pages 3
ANALYSIS OF HONG KONG PRIME RETAIL PROPERTY MARKET

In analyzing Hong Kong’s retail property market, in particular the prime shopping mall segment, Michael Porter’s Five Forces Analysis Model is used. According to Porter, corporations in any industry are constrained from maximizing profit not just by rivalry with their competitors but by four further competitive forces. These five forces shape competitive intensity. They are:

• Rivalry among competitors in the industry;
• Threat of new entrants;
• Bargaining power of suppliers;
• Bargaining power of buyers; and
• Threat of substitute products.

Below is the analysis:

• Rivalry among Established Competitors: Medium Pressure o Currently, major shopping malls in Hong Kong are primarily managed and owned by a handful of Chinese landlords, including Sun Hung Kai Properties, Henderson Land, Wharf Holdings, Hysan Development, Sino Land, Hang Lung Properties, as well as a few British-backed landlords such as Hongkong Land and Swire Properties. o Retailer demand is focused on prime locations in urban areas rather than secondary streets. These most sought-after locations are top choices for both global and local retailers seeking a presence in the city. Fierce retailer competition for the best locations means that landlords of prime shopping malls are allowed for jockeying for a better market position by select picking their right tenants and by upgrading their tenant and trade mix profiles. o With a common focus on selling luxury products and providing fine dining to affluent locals as well as high spending Mainland tourists who are visiting Hong Kong in increasing numbers, prime shopping malls are in head-to-head competition to lure visitors/shoppers. o Winners are the differentiated and the distinctive - those that can create a point of difference from their counterparts, and those present modern retail...

Similar Documents

Free Essay

Securitising China Real Estate

...GZI REIT of Hong Kong and CapitaRetail China Trust (CRCT) of Singapore – have securitised Chinese property assets. The purpose of this paper is to examine the driving forces and the obstacles surrounding China REITs, and evaluate REIT securitisation as an exit strategy for Chinese properties. Design/methodology/approach – The paper analyses the performance of the two cross-border REITs and investigates whether REITs holding Chinese assets outperform other listed REITs. Research limitations/implications – CRCT outperforms GZI REIT as well as some of the other Singapore REITs, while GZI REIT ranked second lowest in terms of price performance when compared to other Hong Kong REITs. The limited history of CRCT suggests that when a well-structured REIT holding Chinese assets can perform very well. We also infer that performance is closely linked to portfolio composition and diversification, growth story and originator reputation. Originality/value – The study shows that there is indeed a strong local demand for China REITs, and that REITs can provide an alternative source of real estate financing for Chinese developers and promote a better regulated Chinese real estate market. Keywords Real estate, Investments, Trusts, Securities, China Paper type Research paper Securitising China real estate 247 Received April 2007 Accepted July 2007 1. Introduction Asia has witnessed two major phenomena over the past decade. The first is the emergence of the China real estate market and......

Words: 9420 - Pages: 38

Premium Essay

Disneland

...DigitalCommons@Pace. For more information, please contact rracelis@pace.edu. CASE STUDIES No. 26 March 2002 Disney in Asia, Again? by Raymond H. Lopez, Ph.D. Professor of Economics and Finance Lubin School of Business Pace University DISNEY IN ASIA, AGAIN? by Raymond H. Lopez, Ph.D. Raymond H. Lopez is Professor of Finance at the Lubin School of Business of Pace University. Introduction INTRODUCTION “We could be getting close to the time for a major Disney attraction in the world’s most populous nation.” 1 “I am completely confident that Chinese people love Mickey no less than they love a Big Mac.” 2 Early in 1999, Michael Eisner, CEO of The Walt Disney Company, voiced his opinions concerning potential markets for his firm’s entertainment products and services. A major thrust for the new millenium would be development in Asia. The firm had now achieved a certain level of experience with owning and/or managing assets and operations outside the United States. They had two competing models that would be utilized to analyze and ascertain the financial and operating structure of their next foray into the global business arena. Their first experience was Tokyo Disneyland. Modeled after Disneyland in California and located six miles from downtown Tokyo, the park opened in 1983 and was literally a cultural and financial success from its start....

Words: 6565 - Pages: 27

Premium Essay

Mall Strategies

...Title A study of marketing strategy of shopping centre for customer retention in Hong Kong Author(s) Chu, Ka-wai; Citation Issue Date 2009 URL http://hdl.handle.net/10722/128605 Rights The author retains all proprietary rights, (such as patent rights) and the right to use in future works. A STUDY OF MARKETING STRATEGY OF SHOPPING CENTRE FOR CUSTOMER RETENTION IN HONG KONG by CHU KA WAI DISSERTATION Submitted in partial fulfillment of the requirements for the degree of Master of Housing Management The University of Hong Kong December 2009 DECLARATION I declare that this dissertation, entitled A study of marketing strategy of shopping centre for customer retention in Hong Kong, represents my own work, except where due acknowledgement is made, and that is has not been previously included in a thesis, dissertation or report submitted to this University or other institution for a degree, diploma or other qualification. CHU KA WAI ii ACKNOWLEDGEMENT I wish to express my sincere gratitude to my supervisor, Dr. Eddie Hui, for his professional guidance and support. He has provided many valuable advices and opinions during my preparation of this research paper. Moreover, I would like to thank my interviewees for their valuable time to fill in the questionnaire. They made a lot of contributions in my data collection. I also want to take this opportunity to thank my friends, family and colleagues for their......

Words: 18240 - Pages: 73

Premium Essay

Master

...Disney in Asia, Again? Raymond H. Lopez, Ph.D. Contact Person: Raymond H. Lopez, Ph.D. Pace University Lubin School of Business 1 Martine Avenue, 5th Floor White Plains, NY 10606 Tel: (914)422-4165 Fax: (914)422-4184 E-mail: rlopez@pace.edu December 2001 Disney in Asia, Again? “We could be getting close to the time for a major Disney attraction in the world’s most populous nation.” [i] “I am completely confident that Chinese people love Mickey no less than they love a Big Mac.” [ii] Early in 1999, Michael Eisner, CEO of The Walt Disney Company, voiced his opinions concerning potential markets for his firm’s entertainment products and services. A major thrust for the new millenium would be development in Asia. The firm had now achieved a certain level of experience with owning and/or managing assets and operations outside the United States. They had two competing models that would be utilized to analyze and ascertain the financial and operating structure of their next foray into the global business arena. Their first experience was Tokyo Disneyland. Modeled after Disneyland in California and located six miles from downtown Tokyo, the park opened in 1983 and was literally a cultural and financial success from day one. However, not all of the potential financial benefits accrued to Disney shareholders, since the facility was entirely owned by The Oriental Land Company. Disney generated a large and growing stream of......

Words: 6393 - Pages: 26

Free Essay

Bird's Nest

.....:: Jordan Research - Publications ::.. http://www.jordanresearch.co.uk/pubs.html NAVIGATION Home UK Consultancy Overseas Publications GLOBALISATION AND BIRD'S NEST SOUP David Jordan This is an amended version of an article first published in International Development Planning Review, Volume 26, Number 1, Liverpool University Press, 2004 Summary Almost un-noticed by outsiders, an extraordinary industry has emerged in Indonesia to meet a specialised demand from the nouveau riche of the Peoples’ Republic of China (PRC). This industry produces the prime ingredient of the famous bird’s nest soup, also used in traditional Chinese medicines and cosmetics. It is an urban industry, using substantial specially designed buildings, that has transformed a number of Indonesian towns. So far there has been little serious research into this phenomenon. The Indonesian government statistical agency (Badan Pusat Statistik) confesses that the industry output, though considerable, is not captured by its GDP estimates. Enquiries are hampered by the secretive behaviour of the practitioners, who jealously guard their trade secrets. The author is an economist/planner who first observed the phenomenon when conducting fieldwork for an urban development project in North Sumatera. He is currently preparing a research project on the subject to be carried out in association with Badan Pusat Statistik. The nests of bird’s nest soup are produced by the genus aerodramus (formerly......

Words: 5056 - Pages: 21

Free Essay

Mtr 2012

...in the Mainland and Accelerate our success Grow and enhance our Hong Kong core businesses corporate citizen reputation Strengthen our Hong Kong internationally Sharing Our Annual Report 2012 Growth Sharing Our Growth We continue to grow and enhance our core businesses in Hong Kong, while at the same time accelerating our expansion in the Mainland of China and overseas through sharing our expertise in developing sustainable communities based on rail transport. In support of these goals, we are strengthening our Hong Kong corporate citizen reputation by listening and responding to the voices of Hong Kong people. In our Annual Report, we share our progress with stakeholders, and outline our plans for the future. Contents 02 04 06 08 12 23 24 26 40 46 58 66 72 78 84 86 88 MTR Corporation in Numbers – 2012 Hong Kong Operating Network with Future Extensions MTR Corporation at a Glance Chairman’s Letter CEO’s Review of Operations and Outlook Key Figures Key Events in 2012 Executive Management’s Report – Hong Kong Transport Operations – Hong Kong Station Commercial Business – Hong Kong Property and Other Businesses – Hong Kong Network Expansion – Mainland and Overseas Growth – Human Resources Financial Review Ten-Year Statistics Investor Relations Risk Management 89 90 94 112 116 124 125 153 154 155 156 157 158 159 160 161 240 Sustainability Corporate Responsibility Corporate Governance Report Remuneration Report Board and Executive......

Words: 17904 - Pages: 72

Free Essay

U Dont Know Me?

...Health and Nutrition • Household Cleaning • Car Care • Personal Care • Cosmetics & Fragrances • Kitchen and Cookware • Bodyshaping Lingerie • Undergarments and Apparel • Food and Beverages • Π Water Systems • Health and Nutrition • Household Cleaning • Car Care • Personal Care • Cosmetics & Fragrances • Kitchen and Cookware • Bodyshaping Lingerie • Undergarments and Apparel • Food and Beverages • Π Water Systems • Health and Nutrition • Household Cleaning • Car Care • Personal Care • Cosmetics & Fragrances • Kitchen and Cookware • Bodyshaping Lingerie • Undergarments and Apparel • Food and Beverages • Π Water Systems • Health and Nutrition • Household Cleaning • Car Care • Personal Care • Cosmetics & Fragrances • Kitchen and Cookware • Bodyshaping Lingerie • Undergarments and Apparel • Food and Beverages • Π Water Systems • Health and Nutrition • Household Cleaning • Car Care • Personal Care • Cosmetics & Fragrances • Kitchen and Cookware • Bodyshaping Lingerie • Undergarments and Apparel • Food and Beverages • Π Water Systems • Health and Nutrition • Household Cleaning • Car Care • Personal Care • Cosmetics & Fragrances • Kitchen and Cookware • Bodyshaping Lingerie • Undergarments and Apparel • Food and Beverages • Π Water Systems • Health and Nutrition • Household Cleaning • Car Care • Personal Care • Cosmetics & Fragrances • Kitchen and Cookware • Bodyshaping Lingerie • Undergarments and Apparel • Food and Beverages • Π Water Systems • Health and Nutrition • Household......

Words: 48161 - Pages: 193

Premium Essay

Word

...Hossain rP os t TB0249 Andrew Inkpen Jextra Neighbourhood Stores in Malaysia op yo In October 2010, Tom Chong was on his way to his office and thinking about several issues he would have to deal with in the coming weeks. Chong was Jextra Stores (Jextra) country manager for the Neighbourhood Markets Division in Malaysia. One issue involved a conversation with the mayor of Klang, a town near Malaysia’s capital city of Kuala Lumpur. Chong had been seeking to expand to Klang for some time. The mayor surprised Chong with an offer to help with land zoning if Jextra would help finance a new primary school (or at least Chong thought that was what he had been asked for). The second issue involved the job performance of Arif Alam, Jextra’s top-performing buyer. Alam, a buyer of fresh fruit and vegetables, consistently negotiated better contracts than Jextra’s fifteen other buyers and, Chong believed, better than Jextra’s competitors. The contracts negotiated by Alam certainly contributed to the excellent financial performance of Jextra Malaysia. Nevertheless, Chong could not help wondering if there was more to the picture than he was aware of. The retail industry in Malaysia was notorious for buyers accepting money and gifts from suppliers. A few days ago, Chong had accidentally overheard two of his accounting employees speculating that Alam must be accepting gifts, or even taking bribes—how else could he get such good contracts? Chong was not sure......

Words: 4791 - Pages: 20

Premium Essay

Asdf

...notable works on Chinese Literature from Malaysia as well as stories for youth: The Historical Scripts of New Chinese Literature in Malaysia ( ), Nanyang Digest ( ), Nanyang Literature ( ), World Youth ( ) and World Children ( ). Such publications were welcomed by readers, young and old. They were knowledge and cultural nourishment dearly needed at that time. In the 1980s, the education in Singapore and Malaysia took a sharp and critical turn, resulting in the decline of Chinese language. The current Chairman of POPULAR, Mr Chou Cheng Ngok, remains resolute in upholding the mission of his father to preserve the heritage of the Chinese culture. Starting in 2006, POPULAR has been organising the annual BookFests in Singapore, Malaysia and Hong Kong. In doing so, POPULAR continues to attract not only regular POPULAR customers but also fervent book readers from all walks of life. Our BookFests have grown into a fullscale cultural platform for book publishers and booksellers to interact and exchange ideas. Technology advances rapidly. E-books pose a threat to physical books. Heavy discounts offered by online bookstores put brick-and-mortar bookstores on the defensive. The spell of doom seems to cast over the independent...

Words: 41217 - Pages: 165

Premium Essay

Prime Bank

...Credit Risk Management of Prime Bank Limited University of Liberal Arts Bangladesh Internship Report Credit Risk Management of Prime Bank Limited Submitted to Sumaiya Zaman Senior Lecturer ULAB School of Business Submitted by Sadia Ferdous ID # 092011014 Date of submission 21 August 2013 Acknowledgements I would like to thank my supervisor, Sumaiya Zaman, Senior Lecturer, ULAB, for her guidance and feedback during this internship, without which I would have been unable to complete this task. I also express my gratitude to Prime Bank Limited for permitting me to do my internship in their organization. Special thanks to Credit Department of Shat Masjid Road Branch of prime Bank Limited for spending their valuable providing me with information, supervision and feedback during the course of my internship. I also like to thank the whole team of PBL for their help during my internship tenure. Page | 1 Letter of Transmittal August 21, 2013 Sumaiya Zaman Senior Lecturer ULAB School of Business University of Liberal Arts Bangladesh (ULAB) Subject: Submission of internship report on topic of ‘Credit Risk Management of Prime Bank Limited’. Dear Madam, This is my internship report on ‘Credit Risk Management of Prime Bank Limited’. I tried my best to work sincerely to cover all aspects regarding credit risk management at Prime Bank Limited. I hope you will find this report acceptable and thank you for allowing me to proceed......

Words: 6464 - Pages: 26

Premium Essay

Disney Australia

...Company Analysis The Walt Disney Company has been in the entertainment business for more than 80 years and is well recognized around the world as one that delivers an exceptional entertainment experience. Walt Disney Company strengths can be grouped in three main categories: 1) diversified distribution channels, 2) strong brand portfolio, and 3) financial strength. Despite Walt Disney’s success, the company has some declining segments in their domestic business. In addition, Disney’s biggest challenge in creating theme parks and resorts abroad is their inability to tailor the attractions to the local market while maintaining Disney’s brand image. In the past, international theme park implementations, Disney had failed to adapt their strategies to the local market. Therefore, Disney’s weaknesses can also be also grouped in three categories: 1) declining segments, 2) difficulty adapting to other cultures, and 3) weak managerial skills in terms of international operations. Diversified Distribution Channels Disney has a strong diversified distribution channel. The company operates by four strategic business units (SBU): 1) Media Networks and Broadcasting, 2) Parks and Resorts, 3) Studio Entertainment, and 4) Disney Consumer Products (Banton, 2007, p.31). The Media Network segment comprises of all broadcast television network, television production and distribution operations, television stations, cable networks, broadcast radio, publishing and digital operations (“Fiscal......

Words: 10501 - Pages: 43

Premium Essay

Me0013 Would Housing Be a Dream in the Dream City of India

...No.: ME0013 Would Housing be a Dream in the Dream City of India? Mumbai, the financial capital of India, is one of the most expensive places to rent or buy a house. Buying a new house in Mumbai is beyond the reach of middle income group. Renting a flat in affluent neighbourhoods like Bandra, Juhu, Worli, Santacruz and Khar pinches the purse by around INR 3,000 per sq.ft./month. Both commercial and residential property prices in Mumbai have been on a steady rise. Mumbai has witnessed very high rentals especially since 2006. Mumbai turned to be one of the most expensive cities in the world to buy or rent a condominium unit in 2007 (Exhibit I). Exhibit I City-centre Condo Prices (in US$) London New York Moscow Hong Kong Tokyo Singapore Mumbai Shanghai Bangkok Beijing New Delhi Manila Jakarta Bangalore Phonom Penh To buy (per sq. m.) To rent (per month) 0 5,000 10,000 15,000 20,000 25,000 Source: Cruz Christian Prince, “Mumbai housing is the priciest in the developing world”, http://www.globalpropertyguide.com/ investment-analysis/Mumbai-housing-is-the-priciest-in-the-developing-world, June 25th 2007 This case study was written by Hepsi Swarna under the guidance of Akshaya Kumar Jena, IBSCDC. It is intended to be used as the basis for class discussion rather than to illustrate either effective or ineffective handling of a management situation. The case was compiled from published sources. © 2009, IBSCDC. No part of this publication......

Words: 2422 - Pages: 10

Free Essay

Sime Darby Swot

................................................................................................................3 Business Description...........................................................................................4 History...................................................................................................................6 Key Employees...................................................................................................10 Key Employee Biographies................................................................................12 Major Products and Services............................................................................20 Revenue Analysis...............................................................................................22 SWOT Analysis...................................................................................................24 Top Competitors.................................................................................................30 Company View.....................................................................................................31 Locations and Subsidiaries...............................................................................36 Sime Darby Berhad © MarketLine Page 2 Sime Darby Berhad Company Overview COMPANY OVERVIEW Sime Darby Berhad (Sime Darby or ‘the company’) is a diversified company with business interests in...

Words: 10629 - Pages: 43

Premium Essay

Annual Report

...enterprises in the PRC, possessing brand marketing, research and development, design, manufacturing, distribution and retail capabilities. The Group’s products mainly include footwear, apparel, accessories and equipment for sport and leisure uses under its own LI-NING brand. The Group has established an extensive supply chain management system, and a distribution and retail network in the PRC primarily through outsourcing of manufacturing operations and distribution via franchised agents. The Group also directly manages retail stores for the LI-NING brand. The Group adopts a multi-brand business development strategy. In addition to its core LI-NING brand, the Group distributes sports products under its Z-DO brand via hypermarket channel. The Group has established a joint venture with AIGLE under which the joint venture has been granted an exclusive right by AIGLE to manufacture, market, distribute and sell outdoor sports products under the French brand AIGLE for 50 years in the PRC. The Group has a controlling interest in Shanghai Double Happiness, which together with its subsidiaries are principally engaged in manufacture, research and development, marketing and sale of table tennis and other sports equipment under the Double Happiness brand. A member of the Group has also entered into an exclusive 20-year license agreement with Lotto Sport to develop, manufacture, market, distribute and sell licensed products under the Italian sports fashion brand Lotto in the PRC. The......

Words: 63224 - Pages: 253

Premium Essay

B) What Were Some of the Major Causes of the Recent Global Financial Crisis (Gfc), and What Have Been Some of the Ongoing Economic Impacts, Either Globally or Locally in Singapore, of This Crisis?

...A period of economic difficulty that consumers and markets are experiencing world-widely is known as global financial crisis (BusinessDictionary, 2015). It occurs when there is an increase in asymmetric information coming from disruptions in financial system that is interrupting the funds from channelling efficiently between savers and households as well as preventing firms from having productive investment opportunities (Mishkin and Eakins, 2012, pp. 204). The recent global financial crisis began in the year of 2007 and the intensity increased in the subsequent year. Global financial crisis in 2007 happened as result of a number of factors such as government mandated subprime lending, imprudent mortgage lending, housing bubble, securitization and a few other more factors, which will be discussed. Causes The government mandated subprime lending has contributed to the financial crisis by promoting affordable housing under Community Reinvestment Act (CRA) as well as Fannie Mae and Freddie Mac. Through affordable housing, banks were encouraged to participate in imprudent mortgage lending as mandated by the federal in order to help low-income borrowers, which imprudent mortgage lending is another cause that contributed to the global financial crisis (Jickling, 2009). As a result of mortgage lending, low-income families are able to purchase houses that they are not be able to afford to purchase without the policy. The loans require low or no down payments and limited......

Words: 3381 - Pages: 14