Noreen Jazul
Microsoft, Education Bureau join hands to advance AI education in HK
Microsoft, Education Bureau join hands to advance AI education in HK
Amongst Microsoft’s efforts is to make Generative AI accessible to K-12 schools in the city.
Gov’t launches online tool for transitional housing applications
Applicants can select their preferred projects on the platform.
Office net effective rent drops 0.7% MoM
Submarkets such as Central and Wanchai / Causeway Bay saw rental drops.
OCBC joins HKEX’s OTC Clear
OTC Clear offers clearing services for USD/HKD and USD/CNH cross-currency swaps.
HKMA retains base rate at 5.75%
The move was in response to the Fed holding its interest rates steady.
6 steps to HK’s resurgence
PwC said the city still faces strong headwinds including slower-than-expected recovery of the Chinese Mainland economy.
Hong Kong drops to No.2 spot in global economic freedom ranking
Improvement in its size of government boosted Singapore in the rankings.
Unemployment rate sits at 2.8%
There were 112,100 unemployed people from June to August.
Limited supply hamper growth in HK’s super-prime market
The number of super prime homes sold in HK dropped from 67 to 42 in 2Q23.
HK, Dubai ink financial services partnership
The two markets will support the development of family office hubs, amongst others.
HK, Mainland boost medical cooperation
Health Secretary Lo put forward HK’s efforts on medical innovation amongst others.
2 factors exacerbating the labour shortage in HK's transport and logistics sector
The job vacancy rate in the sectors has become 2.4x higher than pre-COVID.
How will mortgage rate uptick affect HK’s property market
HSBC raised its mortgage rate by 50bps.
Property market slump boosts occupiers’ and home buyers’ bargaining power
Real estate agents said tenants ask for up to 30% discount when renewing office leases.
$550m-luxury property in Mid-Levels East up for sale
The residential building has a saleable area of 13,840 square feet.
HK ranks 4th amongst markets with the least complex jurisdictions for doing business
It is the only Asian market in the top 10.
ESG compliant workspaces fuel talent attraction
A Colliers expert tells occupiers to put ESG at the forefront when assessing location strategies.
Read Here
Advertise
Sign Up
Commentary
Why Hong Kong's carried interest reform matters, and why it isn't a zero-sum play
Medical centre expansion in Hong Kong: How to choose the right location
The Claude ban is a crash course in digital resilience — and that’s good for Hong Kong bankers