Hong Kong

Hong Kong office rents fall amidst high vacancies

Increased competition and market vacancies drive rental prices down.

Hong Kong office rents fall amidst high vacancies

Increased competition and market vacancies drive rental prices down.

Hong Kong funeral industry embraces green burials

Rising demand for sustainable funeral practices shapes the market.

New law aids HK businesses against Mainland infringers

Reciprocal legal enforcement aids cross-border commerce.

Mortgage loans value drop 15% MoM to $17.9b in February

The outstanding value of mortgage loans remained virtually unchanged at $1.85t. 

Hong Kong retail sees positive momentum amidst policy relaxation: report

This year reflected a significant uptick compared to the previous year with a $2b weekly run rate.

Slow sales drag retail property market although leasing rates “strong”

Structural change and shifts in visitors are some challenges the market may face.

2 in 5 workers concerned over AI use in admin work: survey

Demand for AI remains high with employers in 2024.

Cathay Pacific eyes 12% lower carbon intensity by 2030

The airline will utilise sustainable fuels from 2024 onwards.

Hong Kong pins hopes on policy shift to hit 2.5% GDP target

Private residential property prices declined by 5.4% in 4Q23.

1 in 3 businesses prioritise emerging technologies: survey

Hong Kong ranked second globally as most optimistic about budget growth at 49%. 

Hong Kong maintains fourth place in global finance index

The Government attributes the current ranking to the “one country, two systems” principle.

Kaisa Prosperity gross profit climbs 2.2% YoY in FY23

Total GFA under management amounted to 102.3 million sq.m.

Henderson Land Development’s profit rises to $9.26b in 2023

The proposed final dividend will be distributed to shareholders on 21 June 2024.   

Hong Kong’s Buildings Department approves 20 building plans in January

The department has also issued 20 occupation permits across different locations.

OASES engages 300 strategic enterprises for Hong Kong’s development

The office aims to reach out to more strategic enterprises in the future.

Chubb Life HK debuts Forest Exhibit at Art Basel 2024

The exhibit will run from 26 March to 30 March 2024.

Millennials are financially savvy but fall short on planning: report

Six in 10 millennials make financial decisions based on research.