Staff Reporter
HK's commercial real estate sales climb 15% YoY to US$2.6b in Q1
HK's commercial real estate sales climb 15% YoY to US$2.6b in Q1
The city is amongst the only two major markets to post an increase in investment volume.
Commercial real estate volume drops 10% YoY to $12.56b in Q1
Most transactions in Q1 were primarily small mid-sized private capital deals.
Savills launches open tender for residential unit at Opus Hong Kong
The unit has a saleable area of 5,154 square feet.
Gov’t passes family office tax relief measure
The tax concession for FIHVs will be applicable for assessment commencing on or after 1 April.
Gov't to kick off construction works for Kwu Tung Station mid-2023
The station is under the Northern Link project that connects New Territories and Kowloon.
Manulife HK and Macau insurance sales rise 26% to HK$1.66b in Q1
Critical illness plans and deferred annuity plans increased by over 40%.
7 in 10 HK-based firms eye overseas expansion
Firms cited three key motivators for them to expand.
7 in 10 Hongkongers are optimistic about their financial health
They are more optimistic than Singaporeans.
Why are residential prices in Hong Kong losing growth momentum?
JLL cites two reasons.
60% of HK-based Japanese companies eye expansion of RCEP operations
RCEP markets, including Japan, accounted for 71% of HK’ total merchandise trade in 2022.
Number of applications for business support fund rising amidst return to normalcy
As of February 2023, HKPC approved around 5,700 applications.
8 in 10 SMEs say getting credit approval 'easier' in Q1: HKMA
Some, however, perceived the process to be "more difficult."
Gov't extends application for land sharing scheme to May 2024
The extension allows project proponents to prepare and submit the required information for their application.
One HarbourGate East Tower up for sale via tender
The property has a market value of $7b.
Commercial property sales drop 38.6% MoM in April
Cash-rich business owners drove transactions for the month.
Foreign currency reserves hit US$427.4b in April
It dipped from the US$430.8b record in March.
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