Hong Kong

Government earmarks $2.4b to revamp four historic buildings

It has opened proposals for revitalisation to organisations.

Property sales jumped 32% to 6,710 units in November

Agreements for residential units surged 43.9% to 5,756.

Bidders for Kai Tak residential sites plunged 67%

The number of consortiums bidding for larger-scale sites rose.

Retail sales plunge 24.3% to $30.1b in October

Luxury items continued to lead declines with a 42.9% drop in sales value.

Approved mortgage loans down 3.9% to $32.6b in October

Mortgage applications also dipped 3.7% to 9,299.

Freedom Foods Group bags Asian Export Award for MILKLAB Dairy Milk

The company’s MILKLAB Dairy Milk can texture and stretch with any type of coffee.

Tru Blu Beverages wins Asian Export Award for Soda Category

Australian Beverage manufacturer Tru Blu Beverages (Tru Blu) has won the coveted Asian Export Award 2019 in the Soda Category for its iconic premium Riviera Sparkling Fruit Drink.

Mortgage cap hike buoyed home sales: report

This drove developers to offer flexible payments and discounts for new projects.

Exports fell 9.2% to $348.5b in October

The city recorded a trade deficit of $30.6b or 8.1% of imports.

Alibaba Group marks debut in Hong Kong Stock Exchange

The firm begins trading under stock code "9988".

Premium Central office rents slipped 11% from June to October

Retail firms posted more lease disposition cases as many cut costs.

HKR International's Victor Cha Mou Zing wins at HKB Management Excellence Awards

The CEO took home the Executive of the Year Award for Real Estate.

Job market strengthens with high demand in Greater China tech: survey

Expected salary increase has dropped to 10-15% in 2020.

Office rental growth hits decade-low in October

Rents have dropped 1.6% MoM to $74.3 per sqft.

Inflation slows to 3.1% in October

Food products rose sharply at 13.3% due to elevated pork prices.