Hong Kong

Hong Kong ranked highest in Asia in of foreign direct investment stock last year, enjoying a 30% share, or a little over US$1tn.

Ms. Wong will spearhead the institutional business in the region along with Jon Allen, Head of Institutional, South East Asia.

China’s largest hypermarket operator rose 27 percent from its initial IPO price to HK$9.17 as of 9:32 am.

Toon Express will open more than 1,100 outlets in three years to further unleashes growth of branded business.

Hong Kong also eyes further development of the Tung Chung New Town, and implementing new development areas in the northern New Territories.

Jebsen started introducing “3Bays Vulkano”, a mobile high definition TV streaming device for multimedia entertainment.

Arrivals of Chinese tourists soared more than 20% to over 12 million behind the Mainland’s positive economic environment.

International retailers continued to outbid existing tenants to secure shops in prime locations in belief that Hong Kong is a stepping stone to inland Mainland China cities.

The retail bond will be issued on July 28 while its listing and dealings on the Stock Exchange will take effect on July 29.

Alan Brookes and Richard Warburton have been selected as new RICS Asia member and RICS Singapore member respectively.

Hong Kong had no loans in negative equity with delinquencies of more than three months since the first quarter.

The company’s passing rent up 10.3% while occupancy rate climbed further to 98.1%.

The latest round of tightening of the underwriting standards of mortgage lending introduced last June 10 seen to have caused the falling figures.

Prices rose 3.8% to HK$19,520 per sq ft as of May 2011.

The $113m sale means cancellation of a residential project which already has pre-sale orders.

The sites are in Tseung Kwan O and Yuen Long.