Asian high-end life index: Shanghai topped third in Hongkong

Shanghai Hongkong Asia index

zhongxinwangyidongban· 2016-10-05 14:29:42

in new network on 5 October, according to the "Hongkong daily" reported that the private bank Julius Baer yesterday (4 days) 2016 "fortune published report: Asia", according to Julius Baer high-end life index calculation, comprehensive 11 Asian city a total of 21 projects of high-end living costs in dollar terms fell by 1.68% in 2016. Shanghai has once again become the most expensive city, Singapore, Hongkong ranked third, Mumbai is the cheapest city. However, Hongkong is still the highest house prices in the city, is about 5 times the average level of the district. The

report pointed out that, in dollar terms, in 21 projects, 13 of the price rise according to the annual report, the overall demand reflects a number of high-end goods and services are still robust, Asian high net worth individuals the cost of living has risen faster than general inflation. The highest price increases for the project are cigar (+7.62%), ladies shoes shoes (+4.91%) and college tuition (+4.55%); the largest decline in the project is residential property (-8.35%), dental implants (-6.12%) and red wine (-3.01%). Julius Baer expected, tourist accommodation and medical health care products and services prices will continue to rise. At the same time, because consumers do not have a specific preference of tourist places or hotel brands, and therefore attract high net asset value of passengers competition will be further intensified.

in the 11 Asian city index tracking in Shanghai in the hospital, watches, cigars and high-end skin care products price list; and in the real estate, wedding services, ladies handbags, men's suits, ladies cars and shoes the price of the six projects in second, the high end become the most expensive city to live in. Julius Baer Private Bank Asia Pacific market and investment project department executive director Huang Peili believes that Shanghai should be a short time difficult to surpass Hongkong property prices, the price gap is too large for the middle. Because of the strong yen during the study period, so that Tokyo has become the largest city in the largest increase in the city, jumped to seventh from fourth.

China for the world's largest consumer of skin care products

L'OREAL data show that the global beauty market size in 2015 increased by 3.9% to 229 billion yuan (U.S. dollar, the same below). Euromonitor pointed out that by region, Asia's demand continues to lead, accounting for 36% of the world; followed by North America (24%) and Western Europe (20%). Looking ahead 5 years, Asian beauty market is expected to grow at an annual rate of 4.5%, the growth rate is far more than the global market. Visible, Asia is becoming the beauty of the world, China has become the world's largest consumer of skin care products.

China skin care products with an average annual growth rate of 15%

countries, according to the income calculation, Chinese after the United States is the world's second largest beauty market, its 2014 revenue reached 47 billion yuan, since 2000, the compound annual growth rate of 14%. At present, China is the world's largest consumer of skin care products, particularly strong demand for skin care products, the compound annual growth rate of 15% since 2015. Due to the Asian culture attaches great importance to skin care, Asian consumers in skin care products consumption is higher than the rest of the world's consumers. Asian local beauty products have begun to seize the market share of international brands, and even the Asian beauty concept to sell to the western countries.

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