Hong Kong
Luxury auto facility in Aberdeen listed for $180m
Luxury auto facility in Aberdeen listed for $180m
A premium automotive service facility spanning the first to third floors of Sun Ying Industrial Centre in Aberdeen is now up for sale, with an indicative price of $180m, according to its sole agent CBRE.
Hong Kong exports rise 11.9% in June with Asia demand surge
Despite the growth, the city recorded a trade deficit of $58.9b, equivalent to 12.4% of total imports.
Hong Kong housing market shows signs of stabilization: CBRE
Kwok noted developers are prioritizing capital recovery over pricing power, creating downward pressure on overall residential values.
Towngas and HKSTP to establish hydrogen charging system for EVs
Five hydrogen electric vehicle charging stations will open in Q2 2026.
Contractors suspended from bidding over fatal industrial incident
Safety audit and relevant measures will be carried out by the stakeholders involved.
ITF Funding schemes streamlined
Streamlines and consolidations take effect from 1 August 2025.
Four taxi fleets licensed to start operation
Pre-booking is available at around 80 designated taxi fleet sites in 13 locations.
Towngas Lifestyle gets strategic funding to speed up expansion plans
The funding round was led by investment firms Oriza FOFs and FountainVest.
Standard Chartered HK automates onboarding processes of SMEs
The solution reduces application turnaround time, the bank said.
Hong Kong launches dual-track development pathway for medical talent
Participating doctors will hold positions at the HA and a designated university.
Elderly Health Care Voucher Scheme expands to GPHCM
This takes effect on 31 July.
HSBC Life posts 21.5% share of new premiums in Q1 2025
The insurer wrote over HK$20b in new business premiums during the period.
McDonald’s-leased HK retail sites hit market in $1.2b sale
The properties are located in high-traffic areas including Tsim Sha Tsui, Causeway Bay, Mong Kok, among others.
Hong Kong tourism rises 11.9% with Mainland travel rebound
Hotel occupancy averaged around 85% in 2024, but the Average Daily Rate (ADR) dropped 4.3% YoY.
Lalamove expands Middle East operations
It will set up a branch in the Kingdom of Saudi Arabia later this year.
Median hourly wage increase outpaces average inflation
Median hourly wage climbed from $60.0 to $82.9 in ten years.
SFC and ICAC arrest former execs of listed company
The joint operation uncovered suspected market manipulation and corruption.
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Commentary
Driving non-Grade A office market with the Hostels in the City Scheme