Staff Reporter
Reverse quarantine talks with Shenzhen 'progressing’: CE Lee
Reverse quarantine talks with Shenzhen 'progressing’: CE Lee
Officials are still discussing whether HK citizens will conduct pre-quarantine in the city or Shenzhen.
Hong Kong is the 5th most competitive market in the world
In Asia-Pacific, it ranked second.
Return of group tours, individual visit scheme may boost Macau recovery
But China's lockdowns strategy will counter overseas travel.
3 motivations pushing the wealthy to sustainable investments
About 23% of investors have more than 15% of sustainable investments in their portfolio.
Basket of properties on Yen Chow Street sold for $100m
Bridgeway Prime Shop Fund and Owl Square Co-living acquired the properties.
Six retail shops and nine residential units at Kin Sun Building, Nos. 11-19 Yen Chow Street in West Kowloon were sold separately to two buyers for a total consideration of $100m, its marketing agent, JLL announced.
Bridgeway Prime Shop Fund acquired the retail shops for $70m, whilst Owl Square Co-living Founder Max Poon and AL Group Limited Chairman Laurence Chan got a hold of the residential units.
“All these six connecting corner shops with wide frontages are very rare in the area. With numerous residential redevelopment projects nearby, I am very optimistic about the price appreciation potential of this investment,” Edwin Lee, founder of Bridgeway Prime Shop Fund, said.
Accordion to Lee, the shops provide a passing yield of 3% and could achieve a yield of 5% when projects nearby the properties are completed.
Poon, for his part, said he will transform the nine residential units into “high quality and affordable living options for young professionals.”
HK flight searches amongst Singaporeans jump as restrictions ease
Flight searches of Singaporeans rose 250% following the announcement.
External merchandise trade value dips double digits in August
Values of exports and imports of goods fell by 14.3% YoY and 16.3% YoY, respectively.
Hong Kong opens application for fintech subsidy
The pilot scheme will reimburse up to 80% of the training cost.
How will the 0+3 arrangement affect HK's industries?
The leasing market expects a pickup in activities.
AXA Hong Kong and Macau’s cloud transformation offers efficiency, sustainability to foster innovation
The company has maximised its value by laying a strong foundation of a cloud-agnostic strategy and a multi-cloud model.
Tender for China Evergrande Centre disposal to close on 31 October
It has a gross floor area of 345,423 sq. ft. across 27 storeys.
Lands department to put up site in Kwai Chung for sale
It will be sold by public tender.
Gov’t rolls out new arrival rules for foreign domestic helpers
They will no longer be required to undergo quarantine in designated hotels.
Gov't, MTRC ink deal for housing at Siu Ho Wan Depot site
The pact will allow construction to commence for 20,000 housing units.
HK scraps compulsory hotel quarantine for inbound travellers
Travellers, however, will still need to undergo medical surveillance for three days.
7 in 10 Hongkongers will avoid cross-border payment providers lacking transparency
Hidden costs are amongst the main challenges for locals when making money transfers.
Hong Kong improves to 4th place in global financial centres ranking
It rose four places with an overall rating of 725.
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