Hong Kong
Here's why 2022 is going to be a ‘slightly’ worse year for retail in HK
Here's why 2022 is going to be a ‘slightly’ worse year for retail in HK
Retail sales growth is expected to be lower in 2022 at 7%.
HK ranks as 3rd best city for private landlords
Average monthly rent of $3,435.95 was recorded in the country.
Growth in retail sales to crash to 0% in 2022 if…
In 2021, the growth in retail sales was 8.1%.
Rent control bill aims to bury abusive ‘coffin home’ landlords
A ban on rent hikes in the first 2 years and caps on increases after that have landlords worried.
Epic Group reveals ESG initiatives to meet 20% reduction in GHGs
The initiatives cover the manufacturing, management, and talent process.
Office real estate falls to all-time low in 2021: RCA
Office property investment in Hong Kong only brought in $2.3b in 2021.
13% of SMEs find credit approval more difficult
The SMEs' perception jumped 1% compared to the previous quarter.
HKMA extends Banking Talent Programme until August
The programme was supposed to end in February.
6 of 10 SMEs face logistical challenges
56%, meanwhile, look to increase the use of on-demand delivery.
2,015 nano flats to be completed in 2022
Compared to 2021, the number of nano flats for completion doubled.
Hong Kong is the top international financial centre in Asia—survey
Survey respondents also saw Hong Kong as a gateway to mainland China.
Property sales sink 16.5% MoM in January
When compared to January 2021, sales dipped by 4.8%.
Vax pass update to promote inoculation
More premises will be covered in the vaccine pass later this month.
Penny’s Bay Quarantine Center to launch as community isolation facility
This comes as the government reported 351 cases today.
HKMA records 0.4% increase in total deposits in December 2021
Local currency deposits, meanwhile, decreased by 0.8%.
RML in negative equity see increase to 21 cases in December 2021
The increase was attributed to bank staff housing loans.
Hong Kong retail sales up 8.1% to $353b in 2021
The retail sales value, however, was 27.3% below the 2018 level.
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