Hong Kong
Luxury home prices to fall up to 5% this year: JLL
Luxury home prices to fall up to 5% this year: JLL
Prices are also likely to fall another 5% in 2024.
1 in 10 local enterprises expect better business situation in 4Q23
Nine percent expect business to be worse.
HK passport holders to enjoy longer stay in Albania, Uganda
Hongkongers can stay in the two countries visa-free for up to 90 days.
Cathay Pacific’s passenger volume soars 480.1% YoY in September
The airline carried 1.5 million passengers during the month.
Consumer prices rise 2% YoY in September
The rate of increase in September was faster than August's.
Revival yet to come for Hong Kong’s real estate market
Only the retail market has demonstrated resilience, with high-street shop rents rising by 2.1% QoQ.
Residential price edges down by 1.4% MoM in August
August marked the fourth month of price decrease.
Unemployment rate remains at 2.8% in July-September
The underemployment rate was the same at 1%.
Unit sales of tech and durables market drop 7% YoY in 1H23
Across subsegments, IT recorded the biggest drop in value USD terms, falling -22%.
Overall average turnover percentage ranges from 8.9% to 26.4%
The higher the employee level, the lower the turnover percentage was recorded.
Office vacancy rates slightly improves in September
Office rents retreated by 1% MoM.
Hong Kong employees record the highest salary hike in GBA: study
HK fresh graduates with engineering function was the highest with $20,950.
HK to complete second study on GBA rail link project mid-2024
The project will connect the Hong Kong Hung Shui Kiu/Ha Tsuen New Development Area with Qianhai.
Gov't greenlights bill regulating plastic products
The bill prohibits the sale and use of 9 types of disposable plastics.
Gov’t opens applications for tech scheme
The government allocated $10b for the scheme aiming to commercialise research and development (R&D) outcomes.
This startup helps hospitals treat stroke patients quickly
Hopebotics’ device transfers stroke patients’ therapy at home whilst hospitals monitor the progress remotely.
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