Hong Kong
HK tops public transit index for affordable transport network: US report
HK tops public transit index for affordable transport network: US report
The market has high station density and a strong rail network.
HK dips to 2nd place; US gets top spot in priciest retail destination report
New York’s Upper Fifth Avenue is top spot with $15,622 rent per square foot.
Non-industrial site in Kwun Tong sold for $296m
It was awarded to Topco (H.K.).
Hotel performance improves in first 8 months: Knight Frank
This is due to the rebound of tourist arrivals by 234% YoY.
Hotel sector recovery will be slow: Knight Frank
The market’s tourism industry is seen to remain weak in the short term.
Feedback on enhancements on aircraft leasing preferential tax regime sought
The government proposed five changes to the regime.
Is now a good time to buy properties? 16% of Hongkongers think so
However, only a few are interested in buying a property.
Citi names new execs for 3 divisions
The new senior hires will take over their posts immediately.
Consumer prices up 1.8% in October but ‘smaller’ compared to September: C&SD
The increase in September 2022 was at 4.4%.
Citi, Zurich Insurance launch customizable insurance proposition
Demand for insurance sold online almost doubled in September, the insurer said.
Lands Department launches tender for Stanley site
The site has a maximum gross floor area of 44,615 sq m.
Self-storage operators lift industrial investment in October
Amongst these operators is Storhub.
Self-storage operators lift industrial investment in October
Amongst these operators is Storhub.
Retail spaces in non-core areas continue to pull investments
The retail podium at Coo Residences in Tuen Mun was sold for $450m.
Residential transaction volume drops in October amidst wondering economy
Units sold in the primary and secondary markets were at 672 and 2,476, respectively.
Office net effective rents drop 0.6% MoM in October
Across submarkets, Central posted the largest drop in rents.
Joblessness drops to 3.8% between August and October
The total number of unemployed people stands at 147,400.
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Strategic location tips for playgroups and education centres