Hong Kong
Commercial investment market spirals downward as office and prime street shops take heavy hit
Commercial investment market spirals downward as office and prime street shops take heavy hit
Office rents will slow to 2-4% growth in 2019 from 8-10% expansion in the previous year.
2.5 million sqft of retail space to be completed in 2019
Healthcare and cosmetics firms will drive leasing growth.
Grade A office rents may drop 5% in 2019
Capital controls and RMB depreciations will continue to hamper growth.
Hong Kong M&A activity slumped in 2018
Mergers and acquisitions deals fell to 1,050 transactions with a combined value of US$87.93b in 2018, down from 1,252 transactions with a combined value of US$108.28b in 2017.
Where to park your money in 2019
It was an undeniably terrible year for equities, but experts are not completely writing them off in 2019.
Hang Seng Bank unveiled new digital floor at head office
It aims to encourage collaboration amongst its 2,400 employees with communal areas and flexible workstations.
Banks' 2019 loan growth cut to 2% as trade and mortgage loans take hit
Lending to Mainland firms has been trending downwards to 6.1% in September 2018.
Alibaba-backed AI facial recognition startup Megvii mulls up to US$1b IPO
Its high-ticket clients include Lenovo, Ant Financial and the government.
Hong Kong-listed L'Occitane to buy skincare brand Elemis for US$900m
The luxury cosmetics firm is building its UK and US foothold.
SFC slaps $2.4m fine on FWD Life
The insurer failed to meet the required number of personnel with sufficient investment experience.
Singapore SMEs turn to Hong Kong for short-lived IPO rally
However, they failed to sustain the momentum as they trade below offer prices.
Property deals down 5.5% to 79,193 in 2018
The trade spat and China's economic slowdown hit demand.
Government targets 12,600 public housing flats on Kai Tak by 2026
The former airport area could provide homes for 35,100 residents.
Hong Kong minimum wage to rise 8.7% $37.50 in May
It's the biggest increase since the scheme was introduced in 2011.
Tourist arrivals surge 20.6% to 6 million in November
The month witnessed a recovery in visitor arrivals from non-Chinese markets.
PMI hits 48 in December as demand sinks
Vendor performance has deteriorated for 20 months.
Baby Basics aims to be a one-stop online portal for all your infant essentials
It also unveiled its physical store in Lansing House following a positive online response.
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