News
3 in 10 Hongkongers plan to ‘lie flat' to qualify for public housing
3 in 10 Hongkongers plan to ‘lie flat' to qualify for public housing
Still, nearly 60% said they would not do so.
Rate cut and soaring stocks may boost housing market
With 109,000 available housing units, pressure on secondary prices is expected to persist.
Hang Seng bank declares third interim dividend of HK$1.2 per share
The payment date is on 12 November 2024.
Hong Kong records 1.38 million visitors during National Golden Week
The daily average of Mainland visitors was around 170,000.
HK and Macau conduct drill for cross-boundary ambulances scheme
The pilot scheme's next phase will be considered upon operational experience.
HK ranks 4th amongst leading global sources of cross-border capital
Top three asset classes include the industrial, multifamily offices, and office sectors.
Interest rate cut in retail set to boost disposable income
The single-digit vacancy rate in high-street shop rents grew by 1% QoQ in Q3 2024.
HK Express launches direct flights to Hualien starting 12 December
It is the airline’s fourth destination in China.
Grade A offices rent fell 16% QoQ in Q3
Net absorption totalled 125,400 sq. ft., staying positive for a fifth consecutive quarter.
HK suspends poultry imports from Hungary, US due to H5N1 outbreak
This comes after a notification from respective organisations about the cases.
Gov't calls on businesses to use plastic alternatives as deadline nears
The regulation has driven a trend of waste reduction across sectors.
HK launches $3b Artificial Intelligence Subsidy Scheme
Eligible users may be subsidised up to 70% of the service list price.
DBS Hong Kong names Kuok Khoon Hua as independent non-exec director
The appointment is effective 7 October 2024.
Industrial leasing market weakens in Q3
Warehouse vacancy rates rose to 8.4%.
Mei Tin Road site in Tai Wai up for sale via tender
The site was later added to the land sale programme due to positive market responses.
Gov’t issues three pre-sale consents for residential developments in Q3
The developments will provide 213 residential units.
HKMC profit falls to $9m in 1H 2023
It is due to a decrease in property prices affecting the reverse mortgage business.
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