Hong Kong
Wharf REIC net profits drops 24%
Wharf REIC net profits drops 24%
Its occupancy rates in its Hong Kong and Singapore properties remained high due to steady demand.
Pacific Basin Shipping spot rates could take a breather: analyst
Jefferies Hong Kong downgrades the company’s recommendation to 'hold'.
HKU ranks 22nd among world's top universities
HKU also placed the highest out of seven other Hong Kong universities that made it in the list.
Gov't approves land exchange for harbourfront dev't project
The harbourfront project will replace the original plan to construct a 25-storey industrial building.
Linklaters appoints HK-based partner as new global practice head
Hwang Hwa Sim will succeed Michael Voisin.
Cross-border travel unlikely in next six months: HKTB
The pandemic situation remains volatile despite the vaccination programme.
January retail sales drop 13.6%
Total retail sales amounted $32.6b in January 2021, partially linked to the Lunar New Year celebration.
Luxury home in Hong Kong leased for record-breaking $1.35m monthly rental fee
This is only one out of seven properties that Wharf Holdings Ltd. owns in 11 Plantation Road.
Powerlong Real Estate profit up 46.5% in 2020
The real estate firm’s profit amounted to $10.5b (RMB8.81b) in 2020, whilst its contracted sales amounted to $97.8b (RMB 81.55b).
Social distancing measures extended until 17 March
This is in light of the active silent transmission in the community, the Food and Health Bureau said.
Property sales up by 21.7% in February
Sales were up to 7,561 with total consideration amounting to $64.3b.
Lee & Man Chemicals net profit slips 28.3%
Disruptions in China’s manufacturing industry affected profits.
Hong Kong's ultra wealthy population breaches 5,000
The ultra wealthy population is expected to grow by another thousand by 2025.
38% of Hong Kong firms saw salary freeze in 2020
More than one in four firms offered no increases last year.
Ultra wealthy population in APAC to rise 33% in 2025
This is higher than the global average of 27% rise in ultra wealthy population.
Social benefits seen among homeowners: study
Home ownership ratio in Hong Kong fell to 51.2% in late 2020, much lower than the 60% mark.
Australian firms may bank on Hong Kong's growth in GBA: government
The Greater Bay Area’s economy is seen to reach over US$4.7t by 2030.
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