News
Hong Kong a ‘pivotal global financial hub’: Knight Frank
Hong Kong a ‘pivotal global financial hub’: Knight Frank
Its urban prosperity is the best amongst new wealth hubs.
More distress deals to take place as investment remains subdued in H2
These deals made up 50% of the investment deals in Q2
Home & Youth Affairs Bureau approves youth hostel project in Tin Shui Wai
Up to 672 hostel spaces will be available.
Businesses seek cost-saving incentives from office landlords
Approximately 8 in 10 favour rent-free periods the most.
3 things businesses consider for the ideal office space
These are price, building quality, and size.
HKT to halt 2G services by November
2G service users accounted for only 0.36% of its mobile subscription base.
Costs drive Hong Kong firms to seek smaller office spaces
Cost optimisation, shrinking business demand named as top reasons.
Property sales up 0.3% in July
The total consideration for residential units was $35.7b.
High-end retailers expand as rents drop in Q2 2024
Causeway Bay outperformed, with rents increasing by 1.8% QoQ.
MICE rebounds in H1 2024 with 21 million visitors
Amongst overnight visitors, MICE arrivals accounted for 700,000 visitors.
11 red minibuses may convert to green routes
Further schemed details are to be briefed on 12 August.
Office tenants opt for renewals, maintain space amid savings
Two-thirds of respondents would stay in their current building.
Towngas backs energy sector with global internship programme
Currently, Towngas has provided internship opportunities to 60 students.
Less Hong Kong SMEs find credit approval more difficult in Q2
But more SMEs now find securing debt “easier” as well.
Hong Kong banks expand fraud alert system to retail transactions
Customers will receive alerts for “high fraud risk” fund transfers, amongst others.
Cathay Pacific to expand flight offerings in Cambodia and Vietnam
Its low-cost carrier, HK Express, plans to launch a new route to Phu Quoc in Q4.
Visitor arrivals in June rise 14% YoY to 3.13 million
The MICE sector helped boost visitor arrivals.
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