DOCSLIB.ORG

Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report HANG LUNG GROUP LIMITED HANG LUNG GROUP LIMITED STOCK CODE: 00010 STOCK CODE 00010 2015 ANNUAL REPORT HONING OUR EDGE 2015 Annual Report Printed on FSC™ certied paper © Hang Lung Group Limited 恒隆集團有限公司 PMS 3298 C Black Silver (K Foil) 016 DEBOSS 過光水油 HLG Cover 2015 www.format.com.hk 設計：化美設計顧問有限公司 PMS 5513U Black 過光水油 HLG Inside Front & Back 2015 DESIGN CONCEPT 23-39 Blue Pool Road, Hong Kong Forum 66, Shenyang Heartland 66, Wuhan Olympia 66, Dalian Center 66, Parc 66, Wuxi Jinan Plaza 66, Shanghai Palace 66, Grand Gateway 66, Riverside 66, Shenyang Shanghai Tianjin Spring City 66, Kunming Fashion Walk, Hong Kong and competitive edge built upon solid foundations, for which the Hung Lung brand stands. And together, The 2015 Annual Report of Hang Lung Group the shapes form an infinity symbol ∞ to express Limited (stock code: 00010) themed the boundless creativity and innovation that have Honing Our Edge adopts a twin-cover design contributed to our business. approach integrating with the Hang Lung Properties Limited (stock code: 00101) Annual Report. The five main sections in the annual reports are represented by images of an arrow, a light The covers showcase 12 aerial overviews of bulb, a block, a heart and a star, respectively, Hang Lung’s world-class properties across signifying the Company’s emphasis on factors mainland China and Hong Kong, which are that promote excellence, namely insightful vision, testaments to the Company’s design innovation. innovative ideas, solid foundations, sincerity to The debossed contour lines connote the strength sustainability and star management. insightful innovative solid sincerity to star vision ideas foundations sustainability management 2 WE DO IT RIGHT We Do It Right is a business philosophy that extends beyond our core business and embraces the initiatives we undertake on behalf of our staff, the community and the environment. We believe this is fundamental to our success and helps us win the trust of our stakeholders. In this annual report we describe the progress we have made during the year, using meaningful metaphors to signify our efforts to create unmatched value for our cherished shareholders, tenants and customers. As Hang Lung’s business continues to grow, we will continue to maintain our high standards in order to become a highly admired national commercial property developer in Hong Kong and mainland China. CONTENTS 04 Financial Highlights 86 Corporate Governance Report 195 Ten-Year Financial Summary 08 Chairman’s Letter to Shareholders 112 Profile of the Directors 196 Glossary 20 Review of Operations 117 Profile of Key Executives 198 Corporate Information 64 Financial Review 118 Report of the Directors 199 Financial Calendar 76 Sustainable Development 128 Independent Auditor’s Report 200 Listing Information 82 Risk Management 129 Financial Statements CORPORATE PROFILE 3 Hang Lung Group Limited (stock code: 00010) is one of the most established listed companies in Hong Kong with more than 50 years of experience in the property development market. Through Hang Lung Properties Limited (stock code: 00101), we have built a leading reputation as a top-tier property developer in Hong Kong and on the Mainland, with a recognized commitment to quality. Through Hang Lung Properties, the businesses in Hong Kong include property development for sale and lease. Our substantial portfolio encompasses well-planned large-scale mall/commercial, office and residential developments in prominent locations. We made our first investment on the Mainland in the early 1990s as the foremost step in our future business expansion. Adhering to the strategy of developing prime sites in major cities, our portfolio of investment properties currently comprises two large-scale developments in Shanghai – the mall/commercial, office and residential complex Grand Gateway 66, and the commercial and office complex Plaza 66. Together with our prime landmark complexes of Parc 66 in Jinan, Center 66 in Wuxi, Riverside 66 in Tianjin, and Olympia 66 in Dalian, as well as Palace 66 and Forum 66 in Shenyang, we are vigorously building on our successes to develop similar properties in major cities including Kunming and Wuhan. We will continue not only to expand our horizons on the Mainland, but also to invest in our portfolio in Hong Kong, as we aim to become a highly admired national commercial property developer. 04 Financial Highlights 86 Corporate Governance Report 195 Ten-Year Financial Summary 08 Chairman’s Letter to Shareholders 112 Profile of the Directors 196 Glossary 20 Review of Operations 117 Profile of Key Executives 198 Corporate Information 64 Financial Review 118 Report of the Directors 199 Financial Calendar 76 Sustainable Development 128 Independent Auditor’s Report 200 Listing Information 82 Risk Management 129 Financial Statements HANG LUNG GROUP LIMITED 2015 ANNUAL REPORT 4 FINANCIAL HIGHLIGHTS RESULTS Rental Revenue Underlying Net Prot For the year ended December 31 Overall -53% in HK$ Million (unless otherwise stated) 2015 2014 HK$ Million +7% HK$ Million HK$2,700 Million Revenue 10,000 HK$8,330 Million 6,000 5,000 Property leasing 8,330 7,792 8,000 Property 4,000 Leasing 6,000 Mainland China 4,625 4,354 Property 3,000 Sales Hong Kong 3,705 3,438 4,000 2,000 Gain on Disposal of Property sales 1,198 9,814 2,000 1,000 Investment Total revenue 9,528 17,606 0 0 Properties 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Net profit attributable to shareholders 3,211 6,825 Dividends 1,084 1,097 Shareholders’ equity 75,470 76,026 Mainland China Net Assets per Share Per share data Earnings $2.37 $5.04 +6% -3% HK$ Million HK$ HK$ Million Dividends 5,000 4,625 120 HK$103.5 4,500 Total $0.80 $0.81 4,000 100 Interim $0.19 $0.19 3,500 80 3,000 Final $0.61 $0.62 2,500 60 2,000 Shareholders’ equity $55.7 $56.1 1,500 40 1,000 20 Net assets $103.5 $106.8 500 0 0 Financial ratio 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Payout ratio 34% 16% Net debt to equity ratio 4.2% Net cash Hong Kong Debt to equity ratio 26.6% 27.7% Dividends per Share +8% HK$ Million HK$ -1% HK$ Million 4,000 3,705 1.0 UNDERLYING RESULTS HK$0.80 3,500 For the year ended December 31 0.8 3,000 2,500 0.6 in HK$ Million (unless otherwise stated) 2015 2014 2,000 1,500 0.4 Underlying net profit attributable to shareholders 2,700 5,730 1,000 0.2 Earnings per share (Note 1) $1.99 $4.23 500 Final 0 0 Interim Payout ratio (Note 1) 40% 19% 2011 2012 2013 2014 2015 7-12/ 2012 2013 2014 2015 2011# Note: 1. The relevant calculations are based on the underlying net profit attributable to shareholders. 5 Rental Revenue Underlying Net Prot Overall -53% HK$ Million +7% HK$ Million HK$2,700 Million 10,000 HK$8,330 Million 6,000 5,000 8,000 Property 4,000 Leasing 6,000 Property 3,000 Sales 4,000 2,000 Gain on Disposal of 2,000 1,000 Investment 0 0 Properties 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Mainland China Net Assets per Share +6% -3% HK$ Million HK$ HK$ Million 5,000 4,625 120 HK$103.5 4,500 4,000 100 3,500 80 3,000 2,500 60 2,000 1,500 40 1,000 20 500 0 0 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Hong Kong Dividends per Share +8% HK$ Million HK$ -1% HK$ Million 4,000 3,705 1.0 HK$0.80 3,500 0.8 3,000 2,500 0.6 2,000 1,500 0.4 1,000 0.2 500 Final 0 0 Interim 2011 2012 2013 2014 2015 7-12/ 2012 2013 2014 2015 2011# # Final dividend for the six-month financial period from July 1, 2011 to December 31, 2011 HANG LUNG GROUP LIMITED 2015 ANNUAL REPORT Fashion Walk, Hong Kong Olympia 66, Dalian Plaza 66, Shanghai Insightful Vision Upholding our business philosophy, We Do It Right, Hang Lung looks ahead in all of our areas of business. From market timing, location choice, architectural design, to daily operations and talent development, our pledge of excellence is to act with foresight to develop the Company into a highly admired national commercial developer in China. 8 CHAIRMAN’S LETTER TO SHAREHOLDERS Ronnie C. Chan Chairman RESULTS AND DIVIDEND Revenue for the year ended December 31, 2015 declined 46% to HK$9,528 million as fewer residential apartments were sold against a year ago. Coupled with a smaller amount of property revaluation gain recorded against the previous year, net profit attributable to shareholders fell 53% to HK$3,211 million. Correspondingly, earnings per share fell to HK$2.37. When excluding revaluation gain and all related effects, underlying net profit attributable to shareholders decreased 53% to HK$2,700 million. Underlying earnings per share declined similarly to HK$1.99. The Board recommends a final dividend of HK61 cents per share. If approved by shareholders, total dividends per share will be HK80 cents for the year ended December 31, 2015. Final dividend is payable on May 18, 2016 to shareholders of record on May 5, 2016. 9 BUSINESS REVIEW It has been almost a quarter century since we bought our first piece of land on the Mainland. During this period, both international and domestic economies have undergone many ups and downs. The most severe situations were the Asian Financial Crisis of 1997 and the Global Great Recession of 2008.
Load more

Recommended publications
  • CTBUH Journal
    About the Council The Council on Tall Buildings and Urban Habitat, based at the Illinois Institute of Technology in CTBUH Journal Chicago and with a China offi ce at Tongji International Journal on Tall Buildings and Urban Habitat University in Shanghai, is an international not-for-profi t organization supported by architecture, engineering, planning, development, and construction professionals. Founded in 1969, the Council’s mission is to disseminate multi- Tall buildings: design, construction, and operation | 2014 Issue IV disciplinary information on tall buildings and sustainable urban environments, to maximize the international interaction of professionals involved Case Study: One Central Park, Sydney in creating the built environment, and to make the latest knowledge available to professionals in High-Rise Housing: The Singapore Experience a useful form. The Emergence of Asian Supertalls The CTBUH disseminates its fi ndings, and facilitates business exchange, through: the Achieving Six Stars in Sydney publication of books, monographs, proceedings, and reports; the organization of world congresses, Ethical Implications of international, regional, and specialty conferences The Skyscraper Race and workshops; the maintaining of an extensive website and tall building databases of built, under Tall Buildings in Numbers: construction, and proposed buildings; the Unfi nished Projects distribution of a monthly international tall building e-newsletter; the maintaining of an Talking Tall: Ben van Berkel international resource center; the bestowing of annual awards for design and construction excellence and individual lifetime achievement; the management of special task forces/working groups; the hosting of technical forums; and the publication of the CTBUH Journal, a professional journal containing refereed papers written by researchers, scholars, and practicing professionals.
    [Show full text]
  • FOR IMMEDIATE RELEASE: KPF Celebrates Opening of Spring City 66 the Design Reconnects Kunming's Pedestrian Pathways As It Nods
    FOR IMMEDIATE RELEASE: KPF Celebrates Opening of Spring City 66 The design reconnects Kunming’s pedestrian pathways as it nods to the unique landscape of Yunnan Province. New York, New York – February 21, 2020 – Kohn Pedersen Fox Associates (KPF) recently celebrated the opening of Spring City 66, a mixed-use development in Kunming, China. One of the largest commercial complexes in the city, the 430,000 m2 Spring City 66 is comprised of a retail podium and office tower that are carefully integrating into the surrounding context. Located adjacent to two major pedestrian-friendly boulevards and metro lines, Spring City 66’s accessibility and public amenities weave this high-density, mixed-use destination directly into the urban fabric of Kunming. Design Inspiration The design for Spring City 66 is responds to Yunnan Province’s unique landscape and its location along historic trade routes. A landscaped promenade, reminiscent of the region’s verdant valleys, is central to the project, while the surrounding undulating retail podium and a crag-like tower nod to the nearby Shilin Stone Forest’s notable limestone formations. The project’s varied program weaves along multiple levels of terraces lined with shops and restaurants, creating a vibrant destination for the city. “The KPF design for Spring City 66 illustrates our belief that the most compelling architecture strongly expresses the spirit of its place. Kunming is a city of outdoor life, of vibrant color, and exciting topography. This building reflects that character in the shape of its roofs, and in its facade materials. We worked closely with Hang Lung, as we have previously in Shanghai, Tianjin, Shenyang, Hangzhou, and Hong Kong, to weave together varied activities of working, shopping, and dwelling into one urban hive of activity,” notes KPF President and Design Principal James von Klemperer.
    [Show full text]
  • Address Telephone G/F, 500 Lockhart Road, Causeway Bay, HK 2833
    Address Telephone G/F, 500 Lockhart Road, Causeway Bay, HK 2833 1918 Shop 1 & 2, G/F, Sentact Building, 345 King's Road, North Point, HK 2566 3262 Shop 1, G/F, Regent Centre, 88 Queen’s Road Central, HK 2521 2928 G/F & 1/F, 6 D'Aguilar Street, Central, HK 2530 3933 G/F & 1/F, 72&74 Percival Street, Causeway Bay, HK 2895 6112 Shop F35 - F38, 1/F, Kornhill Plaza, 1-2 Kornhill Road, Quarry Bay, HK 2513 1733 Shop G08 & G10, G/F, Port Centre, 38 Chengtu Road, Aberdeen, HK 2580 8811 Shop 312-315, 3/F, New Jade Shopping Arcade, 233 Chai Wan Road, Chai Wan, HK 2976 5620 Shop 3A & B, G/F & 1/F, AT Tower, 180 Electric Road, Fortress Hill, HK 2578 1002 Shop 32-34, 1/F, The Peak Galleria, 118 Peak Road, HK 2849 2868 G/F & 1/F, 108 Johnston Road, Wan Chai, HK 2146 1333 Shop G19 & B01, G/F & B/F, Causeway Bay Plaza 1, 489 Hennessy Road, Causeway Bay, HK 2503 3887 G/F, 541 & 543 Lockhart Road, Causeway Bay, HK 2253 6092 G/F & 2/F, Leighton Centre, 77 Leighton Road, Causeway Bay, HK 2555 0806 G/F & 1/F, 50 Yun Ping Road, Causeway Bay, HK 2501 0281 Shop 118-119, 1/F, Windsor House, 311 Gloucester Road, Causeway Bay, HK 2177 3368 G/F & 1/F, 8 Russell Street, Causeway Bay, H.K. 2702 0533 G/F, 88 Wing Lok Street, Sheung Wan, HK 2253 0071 G/F, 60-62 Yee Wo Street, Causeway Bay, Hong Kong 2697 9322 Shop 234-235, 2/F, Shun Tak Centre, 168-200 Connaught Road Central, Sheung Wan, Hong Kong 2559 1288 Shop 205, Podium Level 2, The Westwood, No.
    [Show full text]
  • Structural Design Challenges of Shanghai Tower
    Structural Design Challenges of Shanghai Tower Author: Yi Zhu Affiliation: American Society of Social Engineers Street Address: 398 Han Kou Road, Hang Sheng Building City: Shanghai State/County: Zip/Postal Code: 200001 Country: People’s Republic of China Email Address: [email protected] Fax: 1.917.661.7801 Telephone: 011.86.21.6057.0902 Website: http://www.thorntontomasetti.com Author: Dennis Poon Affiliation: Council on Tall Buildings and Urban Habitat Street Address: 51 Madison Avenue City: New York State/County: NY Zip/Postal Code: 10010 Country: United States of America Email Address: [email protected] Fax: 1.917.661.7801 Telephone: 1.917.661.7800 Website: http://www.thorntontomasetti.com Author: Emmanuel E. Velivasakis Affiliation: American Society of Civil Engineers Street Address: 51 Madison Avenue City: New York State/County: NY Zip/Postal Code: 10010 Country: Unites States of America Email Address: [email protected] Fax: +1.917.661.7801 Telephone: +1.917.661.8072 Website: http://www.thorntontomasetti.com Author: Steve Zuo Affiliation: American Institute of Steel Construction; Structural Engineers Association of New York; American Society of Civil Engineers Street Address: 51 Madison Avenue City: New York State/County: NY Zip/Postal Code: 10010 Country: United States of America Email Address: [email protected] Fax: 1.917.661.7801 Telephone: 1.917.661.7800 Website: http://www.thorntontomasetti.com/ Author: Paul Fu Affiliation: Street Address: 51 Madison Avenue City: New York State/County: NY Zip/Postal Code: 10010 Country: United States of America Email Address: [email protected] Fax: 1.917.661.7801 Telephone: 1.917.661.7800 Website: http://www.thorntontomasetti.com/ Author Bios Yi Zhu, Senior Principal of Thornton Tomasetti, has extensive experience internationally in the structural analysis, design and review of a variety of building types, including high-rise buildings and mixed-use complexes, in both steel and concrete.
    [Show full text]
  • List of Iaqwi$E Certificate Awardees 獲得清新室內空氣證書的參與單位名單
    List of IAQwi$e Certificate Awardees 獲得清新室內空氣證書的參與單位名單 IAQwi$e Expiry Date Basic Level Good Level Excellence Level No Company Name and Name of Venue/Office/Premises 公司名稱 / 地點 / 辦公室 / 處所 Scope 範圍 Membership No. 屆滿日期 基礎級別 良好級別 卓越級別 1 IAQ-8314-0477 Harriman Property Management Limited - Crawford House 夏利文物業管理有限公司 - 卡佛大廈 Whole Office Building 全幢辦公大樓 30/06/2022 * 2 IAQ-8314-0546 K11 Concepts Limited - K11 Art Mall K11 Concepts Limited - K11 購物藝術館 Common Areas 公眾地方 30/06/2022 * 3 IAQ-8314-0605 Hutchison Logistics Centre Management Limited - Hutchison Logistics Centre -- M1/F Main Lobby M1樓大堂 30/06/2022 * 4 IAQ-8314-0744 Kai Shing Management Services Limited - International Commerce Centre 啟勝管理服務有限公司 - 環球貿易廣場 Whole Office Building 全幢辦公大樓 30/06/2022 * 5 IAQ-8314-0795 Times Square Limited - Times Square – Tower 2 (Public Areas from 15/F to 39/F) 時代廣場有限公司 - 時代廣場2座 - 15/F至39/F Public Areas from 15/F to 39/F 15-39樓公眾地方 30/06/2022 * 6 IAQ-8314-0848 Hong Yip Service Company Limited - New Tech Plaza 康業服務有限公司 - 新科技廣場 Lift Lobby on Upper Part of G/F 高層地下之升降機大堂 30/06/2022 * 7 IAQ-8314-0341 Shun Tak Property Management Limited - Liberté 信德物業管理有限公司 - 昇悅居 Clubhouse Indoor Stadium 住客會所室內運動場 30/06/2022 * 8 IAQ-8314-0617 Island South Property Management Limited - Club Bel-Air Peak Wing 南盈物業管理有限公司 - 朗峰會所 Clubhouse (excluding indoor swimming pool) 會所 (不包括室內泳池) 30/06/2022 * 9 IAQ-8314-0679 Citywalk 2 Management Company Limited - Citywalk 2 荃新天地2管理有限公司 - 荃新天地二期 Common Area of Shopping Arcade 商場公眾地方 30/06/2022 * 10 IAQ-8314-0772 Hong Kong Cyberport Management Limited
    [Show full text]
  • Distribution Point of Sold Tourist Octopus
    Distribution point of Sold Tourist Octopus All 7-Eleven at MTR stations and the below listed stores G01 Shun Tak Centre, 200 Connaught Rd C, HK-Macau Ferry Terminal, HK Shop 289 on 2nd Floor, Shun Tak Centre, 200 Connaught Road Central, Hong Kong Shop 1C, 1D & 1E, G/F, Queen's Terrace, 1 Queen Street, Sheung Wan, HK Shops F & G, Ground Floor, Hollywood Garden, No. 222 Hollywood Road, Sheung Wan, HK G/F & the Cockloft, No. 298 Des Voeux Road Central, Sheung Wan, Hong Kong Shop B, Ground Floor, 106 Jervois Street, Sheung Wan, Hong Kong G/F., No.40 Elgin Street, Central, Hong Kong G/F, Teng Fuh Commercial Building, 331-333 Queen's Road Central, Central, HK Shop No.106, First Floor, Infinitus Plaza, No.199 Des Voeux Road Central, Hong Kong Shop No. 5, G/F, The Peak Galleria, 118 Peak Road, Hong Kong G/F., Winner House,15 Wong Nei Chung Road, Happy Valley, HK Shop E & F, G/F., New Spring Gdn Mansion, 47-56 Spring Garden Lane, Wanchai, HK G6, G/F, Harbour Centre, 25 Harbour Rd., Wanchai, HK Shop 3, G/F, Professional Bldg., 19-23 Tung Lo Wan Road, HK Shop 2, 20 Luard Road, Wanchai, HK Shop A, G/F, 151 Lockhart Road, Wanchai, HK Portion of shop A, B & C, G/F Sun Tao Bldg, 12-18 Morrison Hill Rd, HK Shop C, G/F Pak Shing Bldg, 168-174 Tung Lo Wan Rd, Causeway Bay, HK Shop C, G/F, Siu Fung Building, 9-17 Tin Lok Lane, Wanchai, HK G4, G/F, Hennessy House (CLI Bldg), 313-317B Hennesy Rd, Wanchai, HK Shop B, G/F, Allied Kajima Bldg., 138 Gloucester Road, Wanchai, HK Shop 3, UG/F., Kam Kwong Mansion, 36-44 King Kwong St, Happy Valley, HK G/F, The Chinese Bank Bldg, 2A Pottinger St, 61-65 Des Voeux Rd C, HK Shop C, G/F, Grand View Comm Bldg, Nos.29-31 Sugar St, Causeway Bay, HK G/F., No.
    [Show full text]
  • Tall Buildings and Megacities 321 212 Ppl/Sq
    North America 541 m Africa Europe 442 m 87% 2,076 Tall Buildings in Numbers ppl/sq. km 69% 374 m 335 m 1,866 ppl/sq. km 306 m 85% 280 m 74% 245 m 633 1,005 1,161 222.5 m 231 m ppl/sq. km ppl/sq. km ppl/sq. km 100% 100% 563 63% 571 67% ppl/sq. km ppl/sq. km Tall Buildings and Megacities 321 212 ppl/sq. km ppl/sq. km 29% In this study, CTBUH undertook an examination of the populations, areas, densities, and several 31 13 6 9696 1 2 7 8198 19 Willis Tower Wilshire Grand Torre Reforma One World Trade Center Carlton Centre Tour First Metropol Tower Istanbul The Shard Federation Towers Vostok Tower measures of skyscraper activity in the world’s 45 “megacities” – defi ned as urban agglomerations Chicago - Milwaukee Los Angeles Mexico City New York-Philadelphia Johannesburg-Pretoria Courbevoie (Paris) Istanbul London Moscow with a total population of 10 million people or greater, consisting of a continuous built-up area that encompasses one or more city centers and suburban areas, economically and functionally linked to those centers. The fi ndings, also shown in the accompanying paper in this Journal: Megacities: Setting the Scene (page 30), are sometimes counterintuitive. While the world’s megacities have the 33,262 sq. km majority of 200 meter-plus skyscrapers, there is not an obvious correlation between population 24,132 density and number of skyscrapers. Vertical urbanism, it would seem, looks quite diff erent in local Moscow Shenyang sq. km 19,002,220 34,588 Tokyo contexts.
    [Show full text]
  • The Luxury Malling of Shanghai: Successes and Dissonances in the Chinese City
    1 1 Th e Luxury Malling of Shanghai Successes and Dissonances in the Chinese City A g n è s R o c a m o r a Introduction Th is chapter looks at the role of one particular type of urban formation in the redefi nition of Shanghai: the luxury shopping mall. In the 1990s and following China’s post-Cultural Revolution opening to the West as well as the party- state’s adoption of a socialist market economy, the city saw the emergence and rapid proliferation of luxury shopping malls. Multi- storey buildings hosting international brands such as Fendi, Chanel, Louis Vuitton or Coach are recurring sights, with Plaza 66, CITIC and Westgate Mall (known as the Golden Triangle of luxury malls) only a few among the still rising list of luxury shopping malls. Th ese malls are part of a wider phenomenon of urban redevelopment in Shanghai. Indeed throughout the 1990s the city experienced an unprecedented programme of urban renewal, economic restructuring and growth.1 Shanghai shift ed from a manufacturing economy to one focused on fi nance, real estate and the service sector.2 Th is urban and economic shift was refl ected in the restructuring of the spatial organization of the city, with skyscrapers, avenues and newly constructed roads central to its reshaping and globalizing.3 Informed by a series of visits to Shanghai in the course of 2014–16 4 and in dialogue with some of the extant literature on Shanghai and China, the chapter shows that to understand the presence of luxury malls in Shanghai one needs to look at the wider context of China’s embrace of both shopping malls and luxury, as well as at the city’s history as a cosmopolitan consumerist centre (fi rst section).
    [Show full text]
  • When Is the Best Time to Go to Hong Kong?
    Page 1 of 98 Chris’ Copyrights @ 2011 When Is The Best Time To Go To Hong Kong? Winter Season (December - March) is the most relaxing and comfortable time to go to Hong Kong but besides the weather, there's little else to do since the "Sale Season" occurs during Summer. There are some sales during Christmas & Chinese New Year but 90% of the clothes are for winter. Hong Kong can get very foggy during winter, as such, visit to the Peak is a hit-or-miss affair. A foggy bird's eye view of HK isn't really nice. Summer Season (May - October) is similar to Manila's weather, very hot but moving around in Hong Kong can get extra uncomfortable because of the high humidity which gives the "sticky" feeling. Hong Kong's rainy season also falls on their summer, July & August has the highest rainfall count and the typhoons also arrive in these months. The Sale / Shopping Festival is from the start of July to the start of September. If the sky is clear, the view from the Peak is great. Avoid going to Hong Kong when there are large-scale exhibitions or ongoing tournaments like the Hong Kong Sevens Rugby Tournament because hotel prices will be significantly higher. CUSTOMS & DUTY FREE ALLOWANCES & RESTRICTIONS • Currency - No restrictions • Tobacco - 19 cigarettes or 1 cigar or 25 grams of other manufactured tobacco • Liquor - 1 bottle of wine or spirits • Perfume - 60ml of perfume & 250 ml of eau de toilette • Cameras - No restrictions • Film - Reasonable for personal use • Gifts - Reasonable amount • Agricultural Items - Refer to consulate Note: • If arriving from Macau, duty-free imports for Macau residents are limited to half the above cigarette, cigar & tobacco allowance • Aircraft crew & passengers in direct transit via Hong Kong are limited to 20 cigarettes or 57 grams of pipe tobacco.
    [Show full text]
  • Bottega Veneta Catalog Home
    COLLECTION MAISON 2016 3 5 7 8 11 12 15 17 18 21 23 24 26 29 31 32 35 36 39 41 42 44 46 49 51 53 54 57 58 61 62 64 BOTTEGA VENETA BOUTIQUES EUROPE PARIS, AÉROPORT CHARLES DE GAULLE CAPRI, VIA CAMERELLE 35 PRINCIPALITY OF MONACO ZÜRICH, BAHNHOFSTRASSE 25 MEXICO CITY, EL PALACIO DE HIERRO PERISUR LAS VEGAS, CRYSTALS AT CITYCENTER ASIA TERMINAL AC TEL. 33 1 74 37 22 23 TEL. 39 081 83 79 613 MONACO, JARDIN DES BOULINGRINS TEL. 41 43 344 86 36 TEL. 52 55 5171 8217 TEL. 1 702 220 4751 AUSTRIA TERMINAL 2E GATE M TEL. 33 1 74 37 15 92 PLACE DU CASINO PAVILLON 5 BOUTIQUE 10 CHINA VIENNA, TUCHLAUBEN 5 TERMINAL 2E GATE K TEL. 33 1 74 37 10 88 FLORENCE, VIA DEGLI STROZZI 6 TEL. 33 77 9797 5151 TURKEY MEXICO CITY, EL PALACIO DE HIERRO LAS VEGAS, THE SHOPPES AT THE PALAZZO BEIJING, JIN BAO PLACE TEL. 43 15 35 00 24 TERMINAL 1 OPENING SOON TEL. 39 055 28 47 35 ISTANBUL, ISTINYE PARK AVM NO. 463 POLANCO TEL. 52 55 5280 6064 TEL. 1 702 369 0747 TEL. 86 10 8522 1908 RUSSIA TEL. 90 212 335 67 90 CZECH REP. ST. TROPEZ, 72 RUE FRANÇOIS SIBILLI MILAN, BOTTEGA VENETA MAISON MOSCOW, BARVIKHA LUXURY VILLAGE 114 MEXICO CITY, EL PALACIO DE HIERRO LAS VEGAS, THE SHOPS AT VIA BELLAGIO BEIJING, SEASONS PLACE PRAGUE, PAR͡ ZSKÁˇ 14 TEL. 33 4 94 82 73 14 VIA SANT’ANDREA 15 BUILDING 2 TEL.
    [Show full text]
  • S40410-021-00136-Z.Pdf
    Roche Cárcel City Territ Archit (2021) 8:7 https://doi.org/10.1186/s40410-021-00136-z RESEARCH ARTICLE Open Access The spatialization of time and history in the skyscrapers of the twenty-frst century in Shanghai Juan Antonio Roche Cárcel* Abstract This article aims to fnd out to what extent the skyscrapers erected in the late twentieth and early twenty-frst cen- turies, in Shanghai, follow the modern program promoted by the State and the city and how they play an essential role in the construction of the temporary discourse that this modernization entails. In this sense, it describes how the city seeks modernization and in what concrete way it designs a modern temporal discourse. The work fnds out what type of temporal narrative expresses the concentration of these skyscrapers on the two banks of the Huangpu, that of the Bund and that of the Pudong, and fnally, it analyzes the seven most representative and sig- nifcant skyscrapers built in the city in recent years, in order to reveal whether they opt for tradition or modernity, globalization or the local. The work concludes that the past, present and future of Shanghai have been minimized, that its history has been shortened, that it is a liminal site, as its most outstanding skyscrapers, built on the edge of the river and on the border between past and future. For this reason, the author defends that Shanghai, by defn- ing globalization, by being among the most active cities in the construction of skyscrapers, by building more than New York and by building increasingly technologically advanced tall towers, has the possibility to devise a peculiar Chinese modernity, or even deconstruct or give a substantial boost to the general concept of Western modernity.
    [Show full text]
  • List of Buildings with Confirmed / Probable Cases of COVID-19
    List of Buildings With Confirmed / Probable Cases of COVID-19 List of Residential Buildings in Which Confirmed / Probable Cases Have Resided (Note: The buildings will remain on the list for 14 days since the reported date.) Related Confirmed / District Building Name Probable Case(s) Islands Hong Kong SkyCity Marriott Hotel 11101 North Block 6, Belair Monte 11105 Kowloon City iclub Ma Tau Wai Hotel 11106 Central & Western Lan Kwai Fong Hotel@ Kau U Fong 11107 Wan Chai Best Western Hotel Causeway Bay 11108 Kowloon City Metropark Hotel Kowloon 11109 Kwun Tong IW Hotel 11110 Kwai Tsing Dorsett Tsuen Wan Hong Kong 11111 Eastern Ramada Hong Kong Grand View 11112 Kowloon City iclub Ma Tau Wai Hotel 11113 North Block 1, Dawning Views 11114 Islands Block 1, Coastal Skyline 11115 Central & Western Lan Kwai Fong Hotel@ Kau U Fong 11116 Central & Western Sing Fai Building 11118 Eastern Hoi Sing Mansion, Taikoo Shing 11120 Eastern Hoi Sing Mansion, Taikoo Shing 11121 Sai Kung Tak On House, Hau Tak Estate 11123 Sham Shui Po 15 Fuk Wing Street 11124 Kowloon City iclub Ma Tau Wai Hotel 11125 Yau Tsim Mong Dorsett Mongkok, Hong Kong 11127 Kwai Tsing Block 1, Regency Park 11128 Central & Western True Light Building 11129 Islands Hong Kong SkyCity Marriott Hotel 11130 Central & Western Yukon Court 11131 Central & Western Bishop Lei International House 11132 Central & Western 40 Conduit Road 11132 Sham Shui Po 15 Fuk Wing Street 11133 Central & Western May Tower I 11134 Kwai Tsing Yat King House, Lai King Estate 11135 Central & Western Yip Cheong Building,
    [Show full text]