Hong Kong
Government unveils Smart City Blueprint
Government unveils Smart City Blueprint
This includes the pilot installation of smart lampposts which can collect real-time city data.
Manufacturing industrial production index up 0.3% in Q3
Food, beverage and tobacco output volume rose 2.8%.
Kwun Tong site to be up for public tender
It will be converted into a private residential development.
HKIA self-service departure to be extended to other control points
It will now be operational in Lo Wu, Hung Hom and Shenzen Bay among others.
Hong Kong inks wine trade deal with Argentina
It will facilitate trading, investment promotion and tourism between the two markets.
Hong Kong Observatory launches flight weather app
It will provide flight crews with the latest weather information.
The rich get richer: Hong Kong's affluent gap widens
The affluent Hong Konger invests 17 times more than the average person.
Commercial real estate investment surged by 74% in 2017
The office segment performed strongly but retail continued to decline.
Hong Kong to shoulder $2.36b of mega bridge's cost overrun
It is expected to be divided between Hong Kong, the Mainland and Macau.
HKMA raises base rate by 25 basis pts to 1.75% following Fed hike
This was the third increase this year.
Warehouse rents may recover by 5% as e-commerce drives air shipping demand
External trading volumes also picked up signaling the market’s gradual normalisation.
Cooling measures take effect as secondary residential transactions fall to 3,642 deals
This was 7.9% less than the SARS outbreak which shocked the housing market in 2003.
Tight vacancy rates may push Central prime office rents up 5% in 2018
This is due to sustained demand from PRC and financial services firms.
Public Transport Fare Subsidy Scheme to cover four more vehicles
It will include red minibuses, shuttle buses, staff busses and short-distance ferry services.
Hong Kong is the ninth priciest location for expats
It’s back in the top ten after falling short at eleventh place last year.
Money not enough: 9 in 10 investors have insufficient retirement savings
Thus, younger workers are delaying retirement to increase savings.
Service industries post double-digit business receipts growth in Q3
The warehousing and storage industry posted the largest annual increase at 18.1%.
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