Alex Frew McMillan

Alex Frew McMillan is a Hong Kong–based foreign correspondent, having spent more than two decades as a business reporter, feature writer, and editor, with the last 14 years spent specialising in real estate coverage.

China is a nation of more than 1 billion “digital-first” consumers, Jeffrey Towson, managing partner at Towson Group and a Peking University professor, said at a recent ULI event in Shanghai. Because these consumers are starting to act like an interconnected network—influencing each other and generating fresh ways of doing transactions—they are shaping how almost all companies do business.
When e-commerce first became entrenched in China, it seemed to sound the death knell for traditional retail. Sporting venues and other cultural attractions are helping bring foot traffic to the experiential retail of the future, said panelists at a ULI event in Shanghai.
A truly smart building goes far beyond sensors and data collection to improve occupiers’ quality of life.
When the Octopus card was introduced to Hong Kong 22 years ago, it quietly revolutionized transportation in the city. It certainly made the city “smarter” and easier to navigate, both quicker and with a lot less spare change in your pocket. But what steps can a city such as Hong Kong take now to ensure it remains relevant in another two decades’ time?
Hong Kong has beaten its own record to post the worst affordability ratio in the history of the annual rankings produced by urban demographic analysis website Demographia. It now costs 21 times the median annual income to buy an average-priced Hong Kong home, 40 percent higher than Vancouver and Sydney, which are the next worse off. Panelists discussed the solutions being offered by both the public and private sectors at a ULI Hong Kong event in March.
Public policy experts and investors wave warning flags about the world’s most expensive housing market.
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