Hong Kong
Joblessness in HK down 4.7% from April to June
Joblessness in HK down 4.7% from April to June
The count of unemployed people went down by 12,800.
HKEX appoints new chief strategy officer
Daniel Sonder will also become head of data business.
Hotel investments in HK swells 70.5% in H122
The market reported $3.9b (US$504m) total sales volume.
Cathay Pacific more than doubles its passengers in June
However, this is still below 2019 figures.
Hongkong Land’s emission reduction targets get SBTi approval
It is the fourth real estate company in Hong Kong that secured approval.
Grade A office rents to decrease by 2% due to new office supply
There could be 3.9 million square feet of new Grade A supply.
Capital market recovery stays slow amidst Fed interest hike: Colliers
Total investment volume for the first half of 2022 was down by 15%.
89% of local investors want to invest in new assets
Most of them are interested in private equity.
Want to get hired? Internship experience is key: research
About 90% of employers also say value internship experience more than educational background.
Commercial properties investment volumes down 37.9% in H122
It posted $29.2b worth of investment in the first half of 2022.
Residential prices to drop 5% to 10% due to high mortgage rates
Capital values of luxury residential will decline by 0% to 5%.
Total AUM may still grow amidst rise in China’s wealth: PwC, AIMA
Between 2009 and 2020, China’s wealth rose twelvefold.
Yanlord’s Suhe Century project sold out with $5b pre-sales
The property's average selling price was $155,290 per sqm.
Fifth wave pushes back retail market in H122
Rents of high street shops and prime shopping centres dropped 9.8% and 4.8%, respectively.
Grade A office market logs net absorption of 1.25 million sq ft in H122
Leading the market in recovery is the Central segment.
Sun Life Hong Kong marks 130th anniversary with NFT launch
The exclusive NFT collection with a local artist.
Bank of East Asia joins the Partnership for Carbon Accounting Financials
BEA is required to disclose data publicly on financed emissions within the next three years.
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