News
Kowloon office leasing demand weakens further in August
Kowloon office leasing demand weakens further in August
Monthly rent in Admiralty fell 9.4% to $105.5 psf.
Costs of completed buildings totalled $2.4b in July
Another 110,548 sqm of new buildings will be added to the supply pipeline.
Q2 current account surplus more than doubled to $37.8b
This was due to a decline in the goods deficit and growth in the net inflow of primary income.
External debt hits $12.76t in Q2
However, the banking sector’s ED dipped.
Hong Kong amongst world's rising stars for trade potential: StanChart
The city nearly broke into the world’s top 10.
Inflation hits 3.5% in August
Food prices soared 14.2% in August.
IWG makes Regus and Spaces brands available for franchising
It will provide infrastructure, training and tools for franchisees.
Hong Kong still the world's third best financial centre
It has the top investment management sector worldwide.
Residential market sentiment deteriorates in August
Rental demand recorded its first negative reading in the survey's history.
Jobless rate unchanged at 2.9% in June-August
This translates to 120,000 unemployed individuals.
National income rises in Q2 as mainland investments flood Hong Kong
The total inflow of primary income recorded a 4.1% YoY rise to $478.2b during this period.
AirTrunk to set up $1.1b data centre in Tsuen Wan
It will open in late 2020.
Kowloon properties collectively sold for $2.14b
The transactions showed that developers are keen to buy and redevelop old buildings.
Industrial production for manufacturing up 0.3% in Q2
Its producer price index also inched up 0.8% YoY.
Hong Kong retains crown as world's freest economy for the 37th year
The city bested 116 other economies in international trade freedom and regulations.
Value of construction work down 8% to $57b in Q2
The value of construction projects for public sector sites crashed 26.9% YoY.
Real estate and insurance industries saw double-digit growth in business receipts in Q2
Business receipts in nine out of 15 service industries went up in value.
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