News
Hong Kong, China to review adjustment in number of travellers at BCPs
Hong Kong, China to review adjustment in number of travellers at BCPs
The total daily number of travellers allowed to Mainland is 50,000.
Gov’t wants to remove South Korea’s ‘unreasonable’ travel rule
The restriction limits Hong Kong flights to land at Incheon International Airport.
HK raises minimum wage to $40 per hour
The previous wage was $37.5.
Lands Department rejects all tenders for Stanley site
The site received four tenders.
6 in 10 SMEs plan to invest over 15% of their revenue within GBA: survey
Enterprises are highly optimistic about GBA’s economic growth potential.
How long will it take for the primary market to digest piled-up new housing supply?
There are 79,000 new homes available in the city.
Residential rents dip in Q4 2022 due to weak volume
Luxury apartments rent in Hong Kong Island was down by 3.1% QoQ.
Hong Kong’s ZA Bank launches debt consolidation program Debt Changer
Users can defer payment for a month for every 12 month tenor they take.
Hong Kong IPOs drop over 30% in 2022
The number of listings declined to 67 from 97 in the previous year.
Gov’t opens application for subsidy scheme on offering youth hostels
It will assist NGOs to rent hotel and guesthouse accommodation.
Luxury house in the Peak worth $298m up for sale
It will be sold on an “as is” basis.
Two sites for sale via public tender
Tender invitations for both lots start on 13 January.
Hong Kong’s ZA Bank unveils short-term savings plan with up to 5.25% p.a. return
It has an 18 month lock-in period and offers a 0.65% discount for a limited time.
Property sales drop nearly 40% in 2022
The Land Registry received only 59,619 sale and purchase agreements.
Hong Kong rolls out HKeToll
The new system will be launched gradually this year.
Hong Kong retail market momentum depends on full border reopening
Retail sales for the first nine months slightly dipped by 1.3% YoY.
Analyst wary for Hong Kong’s commercial real estate market recovery
Interest rate hikes and higher costs of capital can make the market go over the edge.
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