Hong Kong

Governments around the world are putting policies in place to curb carbon emissions in line with the Paris Agreement on climate change. With a significant proportion of the urban population spending much of their time in commercial buildings, the onus is on the real estate industry to provide sustainable properties that will mitigate negative environment impacts. Many countries in the Asia Pacific region are implementing aggressive measures to address environment challenges such as rising carbon emissions, which is spurring the introduction of incentives to construct green buildings. Hong Kong is no different; it continues to make strides to protect its world class status through its sustainable development as a ‘smart city.’

However, the number of deals picked up 27% as deals diversified.

SenseTime and Tinklabs closed billion-dollar funding rounds.

Hong Kong’s older buildings are in for a revamp.

Hospital-based care accounted for total health expenditure of $75.1b in 2018.

The SAR snapped up 61% of investment volume for a record US$9.53b.

The firm plans to buy a 51% equity interest.

There were over 5.12 million tourists from the Mainland.

The rental decline narrowed to 0.3% in January.

It was significantly lower compared to the 3.7% increase in the first three quarters.

The SFC will move to One Island East in 2020 to cut rental costs.

Vacancy rates in Central and Kowloon East hit 2.3% and 10.3%.

Respondents lament small wages and overspending in meeting their financial goals.

The number of defaults quadrupled to hit a record $17.68b in 2018.

Monthly sales need to hit 5,700 transactions to prop up slowing prices.

One family office has devoted 15% of US$70m capital into tech investments.