According to statistics from Luxeplace.com, from January 2023 to July 2024, the Luxe.CO Luxury Stock Index decreased from 249.1 to 226.7, a decline of 9.0%. Contrary to many expectations, the global luxury market did not experience a resurgence.
Despite an 8% decline from the previous year, property investment remains a major source of income for Shui On Xintiandi, bringing in RMB 2.04 billion.