Hong Kong
Grade A office net absorption falls to 14,500 sqft in April as demand weakens
Grade A office net absorption falls to 14,500 sqft in April as demand weakens
Tenants moving out of Central also contributed to the decline.
Revitalisation scheme relaunch could drive industrial property values by up to 149%
Opportunities for redevelopment abound at Kwun Tong, San Po Kong and Kwai Chung.
Hong Kong exports down 3% in March
Double digit export volume declines were recorded to mainland China and India.
Industrial property transactions slow in March
Much of the leasing activity focused on relocations.
Home sales soared 50% to 7,822 units in March
Centra Horizon in Pak Shek Kok sold 70% of its 295 units on the first day of its launch.
Hong Kong grants four more virtual banking licenses with Ant Financial and Tencent entering fray
A unit backed by Chinese insurer Ping An also scored a license.
Eldercare costs in Hong Kong hit $38.8b annually: study
Businesses are also bearing the cost as the indirect cost of eldercare to employers hit $1.8b.
Manulife Hong Kong unveils senior executive promotions
George Lung and Johnny Chan will serve as senior executive regional director.
Dorsett Hospitality International enters strategic partnership with China Mobile International Limited
This cross-platform collaboration will bring unprecedented convenience, comfort, and innovation to one’s travel experience.
Viva Biotech Holdings raises US$194m in Hong Kong's hottest biotech float
The drug discovery platform attracted retail orders for about 107 times the shares initially available.
Chinese AI startup Megvii Technology clinches US$750m ahead of Hong Kong IPO
The latest funding round puts the value of the company at around US$4b.
Is Hong Kong ready to embrace AI?
Its lack of investments in an AI-enabled workforce and analytics infrastructure is weighing on its ambitions.
Hong Kong remains the priciest Asian city to build in: study
Its low technology adoption rate is driving up construction costs.
Urban Renewal Authority unveils building rehabilitation platform
It will provide information and technical support on redeveloping sites to building owners.
3 in 5 Hong Kongers prioritise data security over fast banking
Only 47% cited quick and easy banking as their top priority.
Restaurant receipts rose 3% to $31.5b in Q1
Non-Chinese restaurants saw $9.58m in receipts.
Hong Kong GDP growth to recover after bottoming out in Q1
Private consumption and investment growth will prop up the struggling economy.
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