News

Record luxury property transactions have boosted confidence in the market. 

Its Shatin and Sha Tsui Road branches will reopen Friday, and Fortress Hill on Monday.

The 10-storey industrial building is on sale until 15 September.

The performance satisfaction score of 6.4 is the highest posted in two and a half years.

All sub-indices rebounded during the quarter.

The listing process is expected to be completed before year-end.

The launch is on a trial basis and will fast track quarantine procedures.

The property is estimated to be worth over $180m.

The notes will be listed in the bonds market on 26 July.

It’s partly because of the new administration.   Landlords are becoming more optimistic about the retail market, and it's partly thanks to the new administration, said CBRE.   In a report, CBRE said the measures of the new administration to revitalise the economy has given landlords a confidence boost.   Also contributing to the landlords’ improved optimism is their belief that high-street rents have already bottomed out.   “They are expecting rents to be stabilised or to be improved from the current levels,” said CBRE, adding that landlords also feel that in the future, the impact of the pandemic on the retail market will be “limited.”   Brands and retail operators, for their part, are also “actively deploying their business strategies with most having new stores opening in the plan for the coming year,” said CBRE.   Segments which are most active in terms of expansion are healthcare, supermarkets, high-end household goods and daily necessities.   On the flip side, CBRE said landlords and tenants are still in a stage of the seesaw battle when it comes to compromising on the rental terms.   Given the situation, the expert said retail vacancy level in H2 will likely remain stable, whilst rents will only increase by a meagre 0% to 5%.

Vacancy rate in Central rose from 7.6% to 7.9%. 

However, patients can only opt for home isolation if they fulfill relevant requirements.   Patients carrying Omicron sub-variants BA.2.12.1, BA.4 and BA.5 will no longer be required to isolate in government-run facilities and can now just undergo home quarantine, the Centre for Health Protection Communicable Disease Branch Head Dr. Chuang Shuk-kwan announced on 20 July.   The same rule applies for the close contacts of patients, Chuang added.   However, Chuang said patients can only opt for home isolation if they fulfil relevant requirements and their household environment is suitable.   “Such arrangements will be the same as those for other Omicron cases,” the medical expert said.   As of 18 July, Hong Kong has 1,093 cases carrying the Omicron sub-lineage BA.2.12.1 and 372 involving the sub-lineages BA.4 and BA.5.   “The World Health Organization noted that there is no severity signal among the BA.5 subvariant. The BA.5 subvariant has a growth advantage over other sub-variants but we have not observed any increase in severity among those patients suffering from it,” Chuang said.

Organisations can submit entries until 7 October 2022.

The count of unemployed people went down by 12,800.

Daniel Sonder will also become head of data business.

The market reported $3.9b (US$504m) total sales volume.