{"id":146508,"date":"2024-07-24T11:48:50","date_gmt":"2024-07-24T04:48:50","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-hong-kong-pools-of-ultra-rich-shrink-and-asias-wealth-engine-cools-altrata-says\/"},"modified":"2024-07-24T11:49:24","modified_gmt":"2024-07-24T04:49:24","slug":"china-hong-kong-pools-of-ultra-rich-shrink-and-asias-wealth-engine-cools-altrata-says","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-hong-kong-pools-of-ultra-rich-shrink-and-asias-wealth-engine-cools-altrata-says\/","title":{"rendered":"China, Hong Kong pools of ultra-rich shrink and Asia\u2019s wealth engine cools, Altrata says"},"content":{"rendered":"


\nThe number of ultra-wealthy individuals in China fell for the second straight year in 2023 as a sluggish economy and a deepening real-estate downturn took their toll.
\n
\nSource : South China Morning Post
\nRead more…China, Hong Kong pools of ultra-rich shrink and Asia\u2019s wealth engine cools, Altrata says<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The number of ultra-wealthy individuals in China fell for the second straight year in 2023...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-146508","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-C72","jetpack-related-posts":[{"id":107734,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/link-reit-looks-to-the-mainland-as-hong-kong-rent-growth-cools\/","url_meta":{"origin":146508,"position":0},"title":"Link Reit looks to the mainland as Hong Kong rent growth cools","date":"June 3, 2019","format":false,"excerpt":"\r The Link Real Estate Investment Trust (Link Reit), Asia\u2019s largest real estate investment trust, announced on Monday modest growth in property income for 2018 and said it plans to acquire more commercial properties in China\u2019s top tier cities, adding to its holdings in Beijing, Shanghai, Shenzhen and Guangzhou.\u201cThere is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":602,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-apartment-claims-most-expensive-title-in-asia\/","url_meta":{"origin":146508,"position":1},"title":"Hong Kong apartment claims \u2018most expensive\u2019 title in Asia","date":"December 28, 2015","format":false,"excerpt":"\r It sold for USD76\u00a0million The 39 Conduit Road development by Henderson Land Properties The ultra-affluent Mid Levels neighbourhood in Hong Kong is thought to be the location of the newest most expensive apartment in Asia after a luxury duplex there sold for HKD590 million (USD76 million) last week, reports\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2015\/12\/Screenshot-2015-12-28-09.24.55-740x357.png?fit=740%2C357&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":100941,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-investment-in-us-property-cools-amid-us-china-trade-war\/","url_meta":{"origin":146508,"position":2},"title":"Chinese investment in US property cools amid US-China trade war","date":"November 6, 2018","format":false,"excerpt":"\r The appetite among Chinese investors for US property has cooled this year, although the softening could be temporary given the allure of US dollar denominated assets and the appeal of real estate as a store of offshore wealth, according to analysts. Hong Kong and mainland China investments in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171408,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinas-ultra-wealthy-numbers-rise-as-hong-kong-tipped-for-faster-growth\/","url_meta":{"origin":146508,"position":3},"title":"Mainland China\u2019s ultra-wealthy numbers rise as Hong Kong tipped for faster growth","date":"April 23, 2026","format":false,"excerpt":"\r Mainland China\u2019s population of ultra-high-net-worth individuals (UHNWIs) \u2013 those with assets exceeding US$30 million \u2013 has grown by 23 per cent over the past five years to 121,677, and is projected to expand a further 18.8 per cent to 144,602 by 2031, according to Knight Frank. Despite that growth,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27433,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/far-east-consortiums-david-chiu-says-hong-kong-is-asias-best-investment-destination\/","url_meta":{"origin":146508,"position":4},"title":"Far East Consortium\u2019s David Chiu says Hong Kong is Asia\u2019s \u2018best investment destination\u2019","date":"September 27, 2016","format":false,"excerpt":"\r The second son of Hong Kong entertainment tycoon Deacon Chiu Te-ken, David Chiu Tat-cheong took a very different career path to his father, moving to Malaysia in the 1980s and founding Malaysia Land Holdings. He built the business into one of the country\u2019s largest real estate developers, before returning\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":163483,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/billionaire-boom-ultra-wealthy-in-mainland-china-hong-kong-regain-momentum\/","url_meta":{"origin":146508,"position":5},"title":"Billionaire boom: ultra-wealthy in mainland China, Hong Kong regain momentum","date":"October 29, 2025","format":false,"excerpt":"\r Mainland China and Hong Kong have gained more billionaires, reversing a decline three years ago, after the world\u2019s second-largest economy unveiled stimulus measures amid slowing growth and a struggling property sector, according to the latest study by Altrata. The mainland had 321 billionaires as of 2024, rising by 5.6\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/146508"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=146508"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/146508\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=146508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=146508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=146508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}