News

High-end tech occupiers displace traditional warehouse tenants in Q3
23 Oct 18
These include data centres which have been stepping up leasing activity.
Cosmetic brands cash in on tourist influx as they lead Q3 retail expansion charge
23 Oct 18
Notable leasing deals include those by Bonjour and NYX Professional Makeup.
How much does private school education cost in Hong Kong?
22 Oct 18
Parents need to pay an average of $177,591 annually.
Costly reprieve comes for embattled boat dwellers with three-month berth extension
22 Oct 18
Members who opt for the option must shell out $150,000 in advance.
Unemployment rate flat at 2.8% in July-September
22 Oct 18
This translates to 117,800 unemployed persons.
Smart ID cards to be rolled out by December 27
22 Oct 18
Law enforcement and government officials will receive their IDs first.
Hong Kong's data centre dreams hit by crippling land shortage
22 Oct 18
China might emerge as an attractive alternative to the costly SAR.
Fitting out an office is cheaper in Hong Kong than Singapore
19 Oct 18
The Lion City’s average fit out costs are $100 psf versus the SAR’s $94.
Hong Kong hunts for top-level finance honchos amidst regulatory reforms
19 Oct 18
Companies are looking for VP, CFO and finance heads in past months.
Cybercriminals hit prosperous Hong Kong banks
19 Oct 18
There are already eight cases of fraudulent bank websites in October YTD.
Home Ownership Scheme 2018 oversubscribed as citizens scramble for affordable housing
19 Oct 18
There are around 57 applicants competing for one flat.
Hong Kong trails behind Singapore in economic competitiveness
18 Oct 18
The SAR needs to work on its innovation capabilities.
Hong Kong makes huge headway in realising smart banking ambitions
18 Oct 18
It launched a real-time fund transfer system, open API guidelines, virtual banks authorisation in 2018 alone.
Nearly half of consumers set to join Black Friday shopping craze
18 Oct 18
Hong Kongers are expected to spend an average of $825.
Retail investors cash in on Hong Kong's severe market rout
18 Oct 18
Investors trading callable bull/bear contracts made about $480m in profits.
Local lenders jostle for market share as Chinese banks encroach into home turf
17 Oct 18
Mainland-owned banks accounted for 38% of system assets and deposits by 2017.
Government unveils guidelines for solar power installation
17 Oct 18
It aids in understanding related Feed-in Tariff application procedures.
Hong Kong rolls out district-based clinics as overcrowding intensifies
17 Oct 18
The first clinic will be located in Kwai Tsing.
Tesla beefs up Hong Kong foothold with Kowloon charging hub
17 Oct 18
The 50-stall Destination Charging facility can provide full charges within a few hours.
Hong Kong $33.7b border project pushed back to 2019 as troubled contractor flounders
17 Oct 18
Leighton has been suspended over construction issues in a separate project.
SFC laments underperforming bank IPO sponsors
11 Oct 18
It is enhancing sponsor standards in order to reclaim the global IPO crown.
45-year-old Excelsior Hotel soon to be an office building
9 Oct 18
The redevelopment will cost Mandarin Oriental about $5.09b in a span of six years.
7 in 10 elderly lament Hong Kong's insufficient product range
8 Oct 18
Insurance and travel were amongst the industries with poor satisfaction rates.
University of Hong Kong injects $10m into Hangzhou space lab
8 Oct 18
It also aims to launch a micro-satellite on a Chinese rocket in 2019.
Struggling TV station TVB cuts another 150 jobs in restructuring drive
8 Oct 18
It is trying to plug losses from its international business.
PMI drops to 47.9 in September as trade tensions bite hard
4 Oct 18
New business to China dropped sharply.
Retail sales hit $38.2b in August but fail to sustain double-digit growth
4 Oct 18
This marks the second month of single-digit expansion.
Property sales crash 28% in September
4 Oct 18
There were only 4,799 deals in September.
Origami Labs raises US$2.5m to reshape the wearables market
4 Oct 18
'Orii' allows the visually-challenged to operate phones via voice technology.
Boat-dwelling expats face risk of eviction
3 Oct 18
Discovery Bay Marina Club urges tenants to move boats before December 31.
Posh home supply at the Peak set to drop by nearly a third
3 Oct 18
Around 13 units will be available between 2018 and 2020.
Retailers ramp up expansion plans in August but shun Central street shops
3 Oct 18
Luxury brands have found a new hot location.
Bank loan growth slows to 8.4% in August as business sentiment sours
1 Oct 18
Domestic financing and mortgages took a beating.
Faster Payment System goes live
1 Oct 18
Customers can now make and receive real-time payments.
Tourist arrivals rally 17.4% to 5.89 million in August
1 Oct 18
Sustained influx of Mainland visitors drove tourism levels.
Over 3,300 flats to be available in Q4
1 Oct 18
Around 2,630 will come from the sale of four residential sites.
Hong Kong faces world's greatest housing bubble risk: UBS
28 Sep 18
The SAR is also the most overvalued housing market.
Home sales crash 21% in August amidst buyer pull out
28 Sep 18
The dismal market take-up translated to 4,882 sold units.
Office vacancy rates let up to 4.2% in August
28 Sep 18
The wave of new supply relieved the pressured market.
Exports weather through trade woes after rising 13.1% to $376.3b in August
28 Sep 18
This extends a 10% growth recorded in July.

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