"Shanghai has witnessed at least three instances of luxury homes being sold out so far this year," said Yan Yuejin, director of Shanghai-based E-house China Research and Development Institute.

DONG FANGXU/FOR CHINA DAILY In a major shift in China's luxury retail landscape, Deji Plaza in Nanjing, Jiangsu province, achieved record-breaking sales of 24.5 billion yuan ($3.35 billion ...

Investors are snapping up luxury homes in Shanghai in the 30 million yuan (US$4.2 million) plus range, as they expect super expensive homes in China’s commercial and financial hub to continue to ...

Demand for luxury goods in mainland China is falling ... Japan is a new luxury hub Instead of shopping at home, some Chinese consumers are buying luxury products abroad to take advantage of ...

Celebrities, tycoons and other wealthy investors have been snapping up luxury homes in Hong Kong on the ... director of research and consultancy for Greater China at Knight Frank.

Luxury’s luster is fading in China. A sluggish economy, the austere political mood and the feeling among some consumers that ...

As China actively promotes its "debut economy" to spur consumption, more international luxury brands are seizing the opportunity to open new stores, host exclusive events and launch new products ...

SHANGHAI, April 22 (Xinhua) -- As China actively promotes its "debut economy" to spur consumption, more international luxury brands are seizing the opportunity to open new stores, host exclusive ...

In contrast, second-hand luxury furniture, home decor items, high-end electronic gadgets, and fine wines and spirits are the least popular. Overall, the proportion of actual purchases and acceptance ...