News
Cathay Group posts $3.7b profit with stable half-year results
Cathay Group posts $3.7b profit with stable half-year results
The Group’s associates recorded a loss of $181m
Adidas relocates Greater China office to Hongkong Land’s Westbund Central
The 348,750 sq. ft. office occupies across 18 floors will hand over by Q1 2026.
Hong Kong startup funding surges 9,033% MoM in July
Late-stage funding (70.8%) held the largest share.
ZA Bank’s Devon Sin joins TransUnion as chief product officer
Sin was most recently the bank’s alternative chief executive.
Full-floor industrial property in Kwai Chung for sale at $130m
Gross floor area of 33,555 sq. ft. supports modern operational demands.
Residential building in Tuen Mun nears tender closing
The 47,017 sq. ft. site will no longer display after 8 August.
Prudential Hong Kong appoints three new executives to ExCo
They all report to CEO Lawrence Lam.
FWD Hong Kong offers new IUL policy with uncapped index tie
Hong Kong ranks first in Asia in wealth per adult.
Property sales dip 0.8% MoM in July
A total of 7,271 sale and purchase agreements for all building units were recorded in July.
Cathay Pacific brings back direct flight to Brussels
Four return flights will be open per week by A350-900.
Four HK companies make it to Forbes ‘Best Under A Billion' list
Numbers of top-performing small and mid-sized listed companies in the city remain unchanged.
Buyers turn to private homes as premiums decline
Subsidised sale flats may still hinder recovery.Buyers are increasingly turning to the private residential market as the price premium of private homes over Subsidised Sale Flats (SSFs) continues to narrow, according to JLL's latest Hong Kong Residential Sales Market Dynamics."As private home prices continue to soften, the shrinking premium of private flats over SSFs has prompted more buyers to enter the private market directly. This trend is evident across multiple districts,” said Norry Lee, Senior Director of Projects Strategy and Consultancy Department at JLL. “For example, in Kai Tak, the price premium of private flats over SSFs dropped by 19.2% year-on-year to HKD 9,020 per sq ft in 2025. The decline was even sharper in Kwun Tong, where the premium dropped 29% to HKD 7,585 per sq ft." According to the Hong Kong Housing Authority, the Home Ownership Scheme received approximately 106,000 applications in 2024, with an oversubscription rate of 14 times, the lowest since the scheme relaunched in 2014.
HK life insurance booms amidst regulatory reforms
There has been a surge in sales made by both banks and smaller insurers.
AXA Hong Kong and Macau unveils cross-border health management
The network includes over 500 doctors and 30 specialist services.
Colliers launches retail platform in Hong Kong
The initiative aims to address shifting demands in Hong Kong’s retail property sector.
FLOW begins construction on new 30MW Tokyo data campus
The facility will include two buildings with a combined IT load capacity of 30 megawatts (MW).
MoU promoting globalisation of clinical trial signed
The MoU will implement the first multi-centre clinical trial project.
Commentary
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