Hong Kong
Residential price edges down by 1.4% MoM in August
Residential price edges down by 1.4% MoM in August
August marked the fourth month of price decrease.
Unemployment rate remains at 2.8% in July-September
The underemployment rate was the same at 1%.
Unit sales of tech and durables market drop 7% YoY in 1H23
Across subsegments, IT recorded the biggest drop in value USD terms, falling -22%.
Overall average turnover percentage ranges from 8.9% to 26.4%
The higher the employee level, the lower the turnover percentage was recorded.
Office vacancy rates slightly improves in September
Office rents retreated by 1% MoM.
Hong Kong employees record the highest salary hike in GBA: study
HK fresh graduates with engineering function was the highest with $20,950.
HK to complete second study on GBA rail link project mid-2024
The project will connect the Hong Kong Hung Shui Kiu/Ha Tsuen New Development Area with Qianhai.
Gov't greenlights bill regulating plastic products
The bill prohibits the sale and use of 9 types of disposable plastics.
Gov’t opens applications for tech scheme
The government allocated $10b for the scheme aiming to commercialise research and development (R&D) outcomes.
This startup helps hospitals treat stroke patients quickly
Hopebotics’ device transfers stroke patients’ therapy at home whilst hospitals monitor the progress remotely.
J&T Express plans to raise $3.92b in Hong Kong IPO: report
The company will issue 362.5m shares.
Gov’t registers 29 land transactions in Q3
The land transactions realised a total land premium of $4.8b.
Survey reveals low consumer confidence in AI usage across 3 sectors
More than 10% of consumers are 'somewhat uncomfortable' with AI use in the three industries.
Human-driven content vs AI-generated: Which do Hongkongers prefer?
In consumer marketing, 24% prefer AI-generated content.
Hong Kong’s full-year economic growth to be ‘weaker than expected’ – expert
The city’s GDP contracted by 1.3% QoQ in 2Q23.
Municipal solid waste disposal fees to start next year
The government will charge $365 per tonne for solid waste disposal.
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