Hong Kong

This takes effect on 31 July.

The insurer wrote over HK$20b in new business premiums during the period. 

The properties are located in high-traffic areas including Tsim Sha Tsui, Causeway Bay, Mong Kok, among others.

Hotel occupancy averaged around 85% in 2024, but the Average Daily Rate (ADR) dropped 4.3% YoY.

It will set up a branch in the Kingdom of Saudi Arabia later this year.

Median hourly wage climbed from $60.0 to $82.9 in ten years.

The joint operation uncovered suspected market manipulation and corruption.

Three return flights will be operated per week.

This was driven by robust growth in both long-term and general insurance business.

It will be completed in Q2 2026.

Mental health, health benefits, and financial wellbeing are the three areas most employers in the region are planning to enhance over the next three years.

Only around 40% of retailers use their websites to sell.

End-2024, Hong Kong’s MCV insurance market reached HK$62.5b (US$8b).

The indicative price is set at $398M, or approximately $8,405 per square foot.

Tenants’ adjustment and tariff risks dragged rental prices and activities.