Cheryl Arcibal

Cheryl Arcibal

Cheryl Arcibal is a contributor to Inkstone and a business reporter for the South China Morning Post

Location
Hong Kong
Language spoken
English, Filipino
Areas of Expertise
Property, insurance, retail, social media
China’s super wealthy set to grow by 46% in the next five years, report claims
The United States leads the world in the number of ultra-rich individuals, but it was China that saw the fastest gain in 2020, according to the latest Wealth Report by property consultancy Knight Frank. It seems the Covid-19 pandemic did little to dampen the fortunes of the world’s wealthiest. In China, its elite club of people whose net worth exceeds US$30 million, excluding their primary residence, grew by 16% in 2020 compared to an 11% growth in the number of Sweden’s ultra-rich residents and ahead of Singapore at 10%, according to the 13th edition of the report. At the other end of the wealthy scale, Greece’s ultra-wealthy population declined by one-third. “The number of UHNWI [ultra hi
Hit by unrest and recession, Hong Kong remains king of unaffordable housing
Hong Kong has been ranked yet again as the world’s least affordable housing market with social unrest failing to make any meaningful dent on home prices for most of 2019. It is the 10th straight year the city has held that dubious honor and is unlikely to be toppled in the near future. A family in the city would need to save up for 20.8 years to afford a home in the city, according to the annual Demographia International Housing Affordability Study, which ranks 92 major markets across the world based on median affordability scores. That has barely changed from 20.9 years in 2018. Vancouver came in a distant second at 11.9 while Sydney took third place at 11. Melbourne at 9.5 and Los Angeles
Beijing is more innovative than New York and London, report says
Beijing is the fourth most innovative city in the world, ranking ahead of London, New York and Hong Kong, according to real estate consultant JLL. San Francisco, with its robust tech industry, topped the list of the top 20 innovation-oriented cities published by JLL last week, followed by Tokyo, Singapore, Beijing, and London. “Beijing now has a deep-rooted innovation ecosystem,” JLL says in its Innovation Geographies report. “It has nurtured the most unicorns outside of Silicon Valley and is the third largest destination for venture capital funding.” The Chinese government has pledged to develop its major cities into international metropolitans, as part of an overall push to shift away from