In Focus

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.

The 50,000-square-foot headquarters features a purposely built auction room on the ground floor.

In Q1, Hong Kong recorded 67 transactions.

Fitch Ratings said the city's lifting of travel restrictions paved the way.

More new spaces will push vacancy rates up, but also attract tenants to upgrade.

Microsoft said employees will need new skills like prompt engineering in their daily work.

The city's older population is expected to increase by 46.3% in the next decade.

Firms cited three key motivators for them to expand.

RCEP markets, including Japan, accounted for 71% of HK’ total merchandise trade in 2022. 

The government raised the Statutory Minimum Wage to $40 per hour.

Previously, it was $37.5 per hour.

Business satisfaction rose to 6.5 from 6.1 in Q4 2022.

The government gazetted a bill waiving stamp duty payable on certain transactions relating to dual-counter stock.

Colliers estimates Hong Kong land revenue last year only 50% of target.

The majority of Hong Kongers said they have more trust if brands are verified.