Hong Kong

Flexible workspace take-up hits 350,000 sq ft in 2017 despite stiff landlord stance

Operators had trouble accessing Grade A buildings and instead redeveloped Grade B properties.

7 in 10 employees expect a year-end raise for 2018

More male employees are optimistic about a wage hike.

Tech giants challenge HKEX reform provisions

The listing proposal is seen clashing with draft rules in the Mainland.

Property sales rose 32.8% to 7,456 in February

Total consideration for the sale and purchase agreements hit $62.6b.

Retail sales up 4.1% to $44.9b in January

Consumer sentiment rose despite difference in the timing of the Chinese New Year.

Hong Kong opens up land bidding process but still lags on transparency

The government will provide data on all bids only after the winning transaction is sealed.

Amazon-backed cancer detection firm mulls Hong Kong IPO

Grail boasts of a wide range of blockbuster investors including Tencent and Bill Gates.

Slashed tax duties but no cash handouts for Hong Kong despite staggering surplus

The budget address disappointed residents waiting for a repeat of the 2011 handout scheme.

It's now cheaper to switch to an e-car in Hong Kong

Car owners can choose to switch to an e-vehicle to enjoy $250,000 tax concession.

Nearly $20b earmarked for education upgrades

This will translate to more scholarships and new public school lifts.

Government earmarks $50b to power IT sector

Almost half ($20b) is reserved for the Hong Kong-Shenzen Innovation and Technology Park.

Ocean Park propelled by $30m government boost as Disneyland flounders

Finance Secretary Paul Chan pledged the financial assistance to boost the city's tourism.

Chinese energy investor ditches Li-Ka Shing office tower sale

New investors Hui Wing Mau and Pollyanna Chu Yuet Wah will take 20% and 17% stake to fill in the vacuum.

Hong Kong loans grew 16% in 2017 amidst soaring property prices

It posts one of the largest loan growth in Asia, easily beating Singapore, Thailand, Indonesia and Malaysia.

Mega transport projects accelerate Hong Kong's construction boom

It’s expected to grow 1.8% annually between 2018 and 2022.