Hong Kong
Retail sales up 3.9% to $37.5b in October
Thanks to the ongoing recovery of inbound tourism.
Mortgage loans grow to $1.19b in October
However, mortgage applications and approved loans fell.
Residential sales volume down 6% in October
Prices also went down 7.5% MoM.
HKMA launches fintech supervisory chatroom
It seeks to provide early-stage feedback on fintech proposals.
4 in 5 professionals expect pay hikes in 2018
Workers generally hope for a modest 2-3% increase in pay.
Hong Kong ranks third in prioritising further investment
They also prefer to invest rather than save.
Exhibition industry contributes $52.9m to 2016 GDP
The industry also generated 77,000 jobs in the same period.
Kowloon office already 70% leased even before April opening
Rents are $85/sqf monthly but early bird tenants received discounts.
Imports up 7.9% to $378.7b in October
However, a $44b trade deficit was also recorded this month.
Hong Kong offices still the priciest in the world
They cost $87.86 per square meter.
8 in 10 professionals bullish on Hong Kong economic growth
Half believe that growth is buoyed by Mainland China’s economy.
6 in 10 professionals admit Mainland China is Hong Kong's strongest competitor
Singapore previously occupied the spot as chief rival.
Hong Kong's tax payment system is one of Asia Pacific's most efficient
It only takes 3 days to file tax requirements.
Exports up 6.7% to $334.7b in October
The Indian export market registered the largest increase.
Home prices may rise by 10% in 2018
Hong Kong’s property bubble is unlikely to burst anytime soon.
HKIA passenger traffic up 7.3% to 6.16m in October
Transit passengers contributed the most to traffic.
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