Hong Kong
Properties in Quarry Bay sold via public auction
Properties in Quarry Bay sold via public auction
The properties are located on Pan Hoi Street and King’s Road.
StanChart HK inks MOU to promote business, dev’t between HK and Dubai
This include promoting the growth of family offices, fintechs, and virtual asset industries.
AI-startup Fourth Paradigm plans to list on HKEX
The company’s cornerstone investors have subscribed to shares worth about US$96.8m.
Hang Seng names new head of commercial banking
She will take over Donald Lam beginning 14 October.
No new Earn orders amid HK investigation: JPEX
JPEX said third-party vendors are limiting their liquidity.
SFC warns public versus virtual asset trading platform JPEX
No entity in the JPEX Group is licenced by the SFC.
Limited supply hamper growth in HK’s super-prime market
The number of super prime homes sold in HK dropped from 67 to 42 in 2Q23.
HK, Dubai ink financial services partnership
The two markets will support the development of family office hubs, amongst others.
Four pairs of six-storey tenement buildings collectively sold for $697m
The property was acquired by the top bidder Ever Great Development Limited.
HK investors favour retail properties
There were more larger sum of transactions generated in August 2023.
HK, Mainland boost medical cooperation
Health Secretary Lo put forward HK’s efforts on medical innovation amongst others.
2 factors exacerbating the labour shortage in HK's transport and logistics sector
The job vacancy rate in the sectors has become 2.4x higher than pre-COVID.
How will mortgage rate uptick affect HK’s property market
HSBC raised its mortgage rate by 50bps.
Super Typhoon Soala to dampen reinsurance renewals in Hong Kong
Effective risk management is expected to minimise insurance losses.
Property market slump boosts occupiers’ and home buyers’ bargaining power
Real estate agents said tenants ask for up to 30% discount when renewing office leases.
Hong Kong is the fifth most expensive place to study for international students
Other educational costs averaged HK$22,436
Average Hongkonger would take 11 work days to afford latest iPhone
The average salary in the country is $17,728 gross monthly.
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