Hong Kong
Growth of high street rents in core districts eases in Q123
Growth of high street rents in core districts eases in Q123
Rents in core districts range from $211-$860.
How many years do Hongkongers need to work to become a millionaire?
The average wage of workers in Hong Kong is $22,281 (US$2,839).
Grade A office rents contract 1.3% QoQ in Q1
The decrease in rents in Island East drove the overall decrease.
Sunac China resumes trading after ‘debt restructuring’
The real estate firm said it fulfilled the resumption guidance.
More than half of Hongkongers fear job loss
Employers must take proactive steps to ensure employee confidence about the future.
Total investment deals down 16% YoY to $9.1b in Q1 23
Buyers were cautious as the interest hike impacts border reopening.
HK warehouse vacancy remain stable at 3.4% in Q1
The drop in exports contributed to the performance of the market.
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.
Commercial Building in Tsim Sha Hui up for sale
The "Grade A" 22-storey property has a gross floor area of 58,584 square feet.
Land Dep't distributes ten pre-sale consents in Q1
Eight were for 4,301 residential units.
Vacancy in HK Grade A offices dip 0.2 pp to 15.1% QoQ
But the trend is expected to raise due to companies' cost control policies.
Foreign currency reserves hit US$430.7b in March
It rose from the US$429.1b record in February.
Compulsory sale applications drop 24% in 2022
But JLL expected a more visible return in the second half of 2023
Jetour customer enquiries grow 350% in Q1
The growth proved that travel has returned after the three-year ban.
Flight bookings from Europe to HK soar 1,362% YoY
Most travellers coming to HK are from the United Kingdom.
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.
Jumppoint, the underserved market’s portal for deliveries
Algorithm helps the Hong Kong-based startup predict demand per area to ensure efficient drops at low cost.
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Commentary
Driving non-Grade A office market with the Hostels in the City Scheme