News

Home sales climbed 49.5% to 7,822 units sold in April
11 Jun 19
The property market could be warming up.
Central's Grade A rents hold firm at $161 amidst 1.7% vacancy rate in April
11 Jun 19
Decentralisation also slowed due to a low availability of spaces over 20,000 sqft.
The Asian Export Awards 2019 is now open for nominations
11 Jun 19
The search is on for the leading exporters in Asia.
Home sales hit 7-year high in May
10 Jun 19
Volumes rose by 49% YoY to 8,208 deals.
65% of bosses rejected promotions in the last three years: study
7 Jun 19
Employees are not given promotions due to a lack of managerial capabilities.
Entertainment and media revenue to make up 60% of Hong Kong's revenue by 2023
7 Jun 19
It will primarily be driven by the OTT segment’s 18.7% CAGR to $3.14b.
Property investments in Guangzhou and Shenzhen rose to $61.91b in 2018
7 Jun 19
Guangzhou accounted for 60% of transactions of over $113.39m.
Hong Kong beats Singapore in ease of doing business
6 Jun 19
It ranks the fourth easiest place to do business in Asia.
Hang Seng Bank extends FPS QR code payment solution to 1,000 merchants
4 Jun 19
Retail merchants can provide their customers with an additional contactless payment option at the point of sale.
Clearbridge Health expands Hong Kong presence with 1,500 sqft clinic
4 Jun 19
The new clinic features a dedicated space to hold educational health talks for medical tourist agents and patients.
Hong Kong salaries grew 5.1% in 2019
4 Jun 19
Jobs in public relations, digital marketing and insurance saw the highest pay hikes.
ESR Cayman delays US$1.4b Hong Kong IPO
3 Jun 19
The deal would value the company at US$6.2b.
Hong Kong's property prices hit all-time high
3 Jun 19
Centaline’s Centa-City Leading Index was at 189.42 as of 26 May.
Property market to rebound in 2019 as investors chase decentralised assets
30 May 19
One notable deal was PAG’s $11.77b acquisition of Mapletree Bay Point in Kwun Tong in February.
Hong Kong ranks as eighth most attractive office location for tech tenants
29 May 19
Its proximity to Shenzhen is cited as one of the “wild card” factors.
Hong Kong beats US but trails Singapore in world competitiveness rankings
29 May 19
The city had stellar scores in government and business efficiency.
Alibaba's US$20b Hong Kong IPO could pressure rates up
29 May 19
Hong Kong’s short-term rates have tumbled since 2018 amidst tepid demand.
Hong Kong's second-richest man passes on massive property empire
29 May 19
Lee Shau Kee’s sons will succeed as joint-chairmen of Henderson Land Development Co.
Hong Kong's quality of life is the world's 44th best: report
28 May 19
Meteoric property prices put Hong Kong behind cheaper Asian cities.
China East Education seeks up to US$680m in Hong Kong IPO
28 May 19
It is offering 435.8 million shares priced at $9.80 to $12.26 apiece.
Exports down 2.6% to $321.5b in April
28 May 19
Double digit export volume declines were recorded in India, Taiwan and the US.
Inflation up 2.9% in April
28 May 19
Higher prices for food, housing and transport offset declines in utilities.
Alibaba Group seeks to raise US$20b in secondary Hong Kong IPO: report
28 May 19
The firm plans to file a listing application in H2 2019.
Home price gap between New Territories and Hong Kong Island narrows to 79%
27 May 19
Mass housing prices in Sai Kung have surged 23% since 2014.
Hong Kong lags behind India and Singapore in workplace automation
24 May 19
More than half of offices are hesitant to adopt AI operations.
Hong Kong raises US$1b in oversubscribed first green bond
22 May 19
Half of investors that placed orders came from Asia and nearly a third from Europe.
Hong Kong fails to rank amongst the world's top innovative cities
22 May 19
Although it ranks high in tertiary education, the city’s R&D and patent generation investments fell short.
Hong Kong expat pay package up to US$276,417 in 2018
22 May 19
This comes with an average salary of nearly US$87,000.
Over $13b of arrears owed to Hong Kong SMEs in 2018
22 May 19
More than one in ten invoices were left unpaid.
China's Xinyi Energy raises US$465m in Hong Kong's second largest IPO so far
22 May 19
The float could mark the start of more active share sale activity after a sluggish start.
Commercial property sales crashed 47% YoY to $34.54b in Q1
21 May 19
Buyers’ sentiment was hit by domestic monetary tightening and US-China trade tensions.
Jobless rate still flat at 2.8% in February-April
21 May 19
This translates to 112,300 unemployed persons.
Grade A office net absorption falls to 14,500 sqft in April as demand weakens
21 May 19
Tenants moving out of Central also contributed to the decline.
Revitalisation scheme relaunch could drive industrial property values by up to 149%
21 May 19
Opportunities for redevelopment abound at Kwun Tong, San Po Kong and Kwai Chung.
Hong Kong exports down 3% in March
21 May 19
Double digit export volume declines were recorded to mainland China and India.
Industrial property transactions slow in March
21 May 19
Much of the leasing activity focused on relocations.
Home sales soared 50% to 7,822 units in March
21 May 19
Centra Horizon in Pak Shek Kok sold 70% of its 295 units on the first day of its launch.
Hong Kong grants four more virtual banking licenses with Ant Financial and Tencent entering fray
10 May 19
A unit backed by Chinese insurer Ping An also scored a license.
Eldercare costs in Hong Kong hit $38.8b annually: study
10 May 19
Businesses are also bearing the cost as the indirect cost of eldercare to employers hit $1.8b.
Viva Biotech Holdings raises US$194m in Hong Kong's hottest biotech float
9 May 19
The drug discovery platform attracted retail orders for about 107 times the shares initially available.

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