Hong Kong Business

The property is well-suited for student housing in line with government policy.

Located at 118 Wellington Street, the project is expected to be completed by mid-2026.

With minimal hotel supply growth projected (just 0.1% CAGR from 2025 to 2030), the overall hotel stock is expected to decline under the scheme.

The decision was compared to a similar incident in 2021, when the government withdrew the sale of Tsing Yi Town Lot No. 200 due to its temporary use as a quarantine facility. 

Hong Kong consumers can check their credit score at no cost.

First 1,000 customers to complete transactions worth HK$1,000 can get a rebate.

Only 64% would see a health professional at all if something felt wrong.

Around 3,000 fast chargers are expected to be in service before the end of 2028.

Composite CPI continue to increase by 1.0% year-on-year.

The government is taking a more pragmatic arrangements for the two industry sites.

Streamlined application process and preferential area exemptions encourage stakeholders.

Employees working locally four days a week could save up to $238,100 annually by avoiding daily commutes.

Its estimated market value is over $200m, or around $4,423 per square foot.