In Focus
Auction houses thrive on Asian millennials’ art-buying power
Millennials are seen to be particularly drawn to contemporary art as growth for Christie’s, Sotheby’s, and Phillips are highly anticipated in art hubs Hong Kong and Singapore.
Auction houses thrive on Asian millennials’ art-buying power
Millennials are seen to be particularly drawn to contemporary art as growth for Christie’s, Sotheby’s, and Phillips are highly anticipated in art hubs Hong Kong and Singapore.
Phillips’ ‘minimalist’ HQ showcases diverse collection of Asia’s finest art
The 50,000-square-foot headquarters features a purposely built auction room on the ground floor.
HK is 2nd strongest market for global super-prime homes
In Q1, Hong Kong recorded 67 transactions.
Is Hong Kong ready to reclaim its 'air hub' role?
Fitch Ratings said the city's lifting of travel restrictions paved the way.
Grade A office leasing demand to rise as tenants seek to upgrade spaces: JLL
More new spaces will push vacancy rates up, but also attract tenants to upgrade.
8 in 10 biz leaders stress urgent need to cultivate ‘AI Mindset’ amongst employees
Microsoft said employees will need new skills like prompt engineering in their daily work.
HK to face shortage of over 60,000 suitable elderly places by 2032: report
The city's older population is expected to increase by 46.3% in the next decade.
7 in 10 HK-based firms eye overseas expansion
Firms cited three key motivators for them to expand.
60% of HK-based Japanese companies eye expansion of RCEP operations
RCEP markets, including Japan, accounted for 71% of HK’ total merchandise trade in 2022.Â
Frontline and low-skill roles to become more attractive following wage hikeÂ
The government raised the Statutory Minimum Wage to $40 per hour.
Gov't raises minimum wage to $40 per hour
Previously, it was $37.5 per hour.
Around 7 in 10 restaurants confident about the F&B sector outlook for Q2
Business satisfaction rose to 6.5 from 6.1 in Q4 2022.
New bill slashes transaction costs for Hong Kong market makers
The government gazetted a bill waiving stamp duty payable on certain transactions relating to dual-counter stock.
Gov’t needs to review valuations to ensure success of land sale programme – experts
Colliers estimates Hong Kong land revenue last year only 50% of target.
How brands can create a trustworthy and secure platform for consumers
The majority of Hong Kongers said they have more trust if brands are verified.
Retail sales value in January grew 7% YoY
The total value is at $36.2b driven by the return of tourists.
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