News
Hang Seng issues $100-m green trade facility for Leo Paper
Hang Seng issues $100-m green trade facility for Leo Paper
This marks the first green trade facility for Hong Kong’s paper and printing industry.
Prosperity REIT enters first sustainability-linked interest rate swap with DBS Hong Kong
The REIT secured a five-year HK$800m sustainability linked term loan with the bank in 2021.
Zurich Insurance launch Travel VIVA Insurance Plan
Applicants who apply until 30 Sept 2022 get a 10% premium discount.
Cathay Pacific lands inaugural commercial flight at Third Runway
The flight was part of a familiarisation operation on the runway.
HK halts route-specific flight suspension mechanism
Inbound travellers will undergo an additional nucleic acid test on their third day of arrival.
FS Chan to lead committee on land and housing supply
Chan said his committee will publish a 10-year land supply forecast.
Dah Sing Bank partners with Japan’s Norinchukin to promote Japanese food, agri products
Dah Sing’s board has also appointed Junji Mori and Yuichi Tashita of Norinchukin as managers.
MUFG sells shares in Hong Kong’s Dah Sing Bank
MUFG’s predecessor Sanwa Bank had bought 13% of DSFH shares in 2000.
DBS Hong Kong launch Green Mortgage
Customers can earn cash rebates of up to 0.1% upon successful application.
HKEX rolls out new investor relations portal
This will allow listed issuers to connect with their stakeholders.
7 in 10 Hong Kong tech firms plan global expansion in the next 12 months
1 in 2 have said they plan to increase investments in 5G technologies.
Commercial real estate investment deals hit $16.0b in Q2
This translates to a 17.5% increase from last quarter.
Warehouse vacancy drops to its lowest level in 8 years
Vacancy edged down to 1.4% in Q2 2022.
Leasing demand for Grade A office down 23% in Q2
Limited inspection activity caused the decline in leasing demand.
Property sales fell by almost 21% in June
Over 6,290 sale and purchase deals for all units were received for registration.
Waiting time for public rental housing to increase within 5 years
It was already increased to 6.1 years in March 2022.
High-street shop vacancy rises to 16.5% in Q2 22
Amongst core districts, Tsim Sha Tsui had the biggest vacancy rate.
High-street shop vacancy rose 1.3 percentage points from Q122 to hit 16.5% in Q2 22, data from CBRE showed.
The increase in vacancy was likely due to some landlords, who are under limited financial pressure, opting to leave units vacant rather than renting them out.
This practice was most evident in Tsim Sha Tsui and Mong Kok where vacancy rates were the highest, at 23.2% and 18.9%, respectively.
Whilst vacancy rose during the quarter, rents remained flat. According to CBRE, rents were unchanged from Q122 because “cash-rich landlords with strong holding power prevented some units from transacting at lower rents this quarter.”
In addition to rents being unchanged, leasing volume also increased in Q2, signalling an improvement in the retail property sector.
“Improved retailer sentiment underpinned an increase in transaction volume, although many deals signed this quarter involved short-term leases,” CBRE commented.
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