Xander Ceballos

Hotel occupancy averaged around 85% in 2024, but the Average Daily Rate (ADR) dropped 4.3% YoY.

The properties are located in high-traffic areas including Tsim Sha Tsui, Causeway Bay, Mong Kok, among others.

Mental health, health benefits, and financial wellbeing are the three areas most employers in the region are planning to enhance over the next three years.

The indicative price is set at $398M, or approximately $8,405 per square foot.

Located at 118 Wellington Street, the project is expected to be completed by mid-2026.

With minimal hotel supply growth projected (just 0.1% CAGR from 2025 to 2030), the overall hotel stock is expected to decline under the scheme.

The decision was compared to a similar incident in 2021, when the government withdrew the sale of Tsing Yi Town Lot No. 200 due to its temporary use as a quarantine facility. 

Its estimated market value is over $200m, or around $4,423 per square foot.

The recovery was led by higher net interest income which rose to $530.5m, a 13% increase from $470.7m in 2024. 

When asked about their top aspirations for later life, 47% prioritised physical and mental well-being.

In Asia Pacific specifically, business flights (+12.6%), watches (+9.0%), and even bicycles (+5.5%) saw notable jumps. 

Around 70% of the general population remain unaware of what end-of-life care.

Inflation is expected to remain subdued in the region, with only 25% of Asia respondents predicting a rise, the lowest across all surveyed geographies.

Whilst the ratio of apartment prices to earnings dropped from 26.5 in 2022 to 23.4, it remains second-worst among all cities surveyed.

The recruitment drive is part of Emirates’ efforts to expand its cabin crew team.

The fund is listed in board lots of 500 units at an initial issue price of $15.