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Luxury home in Hong Kong leased for record-breaking $1.35m monthly rental fee
Luxury home in Hong Kong leased for record-breaking $1.35m monthly rental fee
This is only one out of seven properties that Wharf Holdings Ltd. owns in 11 Plantation Road.
Powerlong Real Estate profit up 46.5% in 2020
The real estate firm’s profit amounted to $10.5b (RMB8.81b) in 2020, whilst its contracted sales amounted to $97.8b (RMB 81.55b).
Social distancing measures extended until 17 March
This is in light of the active silent transmission in the community, the Food and Health Bureau said.
Property sales up by 21.7% in February
Sales were up to 7,561 with total consideration amounting to $64.3b.
Lee & Man Chemicals net profit slips 28.3%
Disruptions in China’s manufacturing industry affected profits.
Hong Kong's ultra wealthy population breaches 5,000
The ultra wealthy population is expected to grow by another thousand by 2025.
38% of Hong Kong firms saw salary freeze in 2020
More than one in four firms offered no increases last year.
Social benefits seen among homeowners: study
Home ownership ratio in Hong Kong fell to 51.2% in late 2020, much lower than the 60% mark.
Australian firms may bank on Hong Kong's growth in GBA: government
The Greater Bay Area’s economy is seen to reach over US$4.7t by 2030.
Wing Tai, Champion REIT enter JV to buy London office
The acquisition of the office building at 66 Shoe Lane costs $2.76b or £255.
Cathay Pacific delivers Fosun Pharma/BioNTech vaccines to Hong Kong
This marks the first batch of 1m COVID-19 vaccines, developed by Fosun Pharma and BioNTech, delivered by the airline.
Alibaba Health, Longfor Group, Haidilao Int'l to join Hang Seng Index
This comes after the company concluded the review of the Hang Seng Family Indexes for 4Q 2020.
Hongkongers struggle to upskill amidst pandemic: survey
Meanwhile, 12% of local workers fear losing their jobs.
Land supply shortage to persist up to three years: JLL
The 2021 New Land Sale Programme shows difficulties in generating new supply.
ASM Pacific Technology Limited profits surged last quarter
The company's revenue growth was driven by digital transformation amidst the pandemic.
Hong Kong records $25.2b trade deficit in January
The country’s value of total export and increased both increased YoY.
Coherent brings clear-cut strategies to boost the insurance industry
How the insurtech startup helps insurers part ways with legacy technology.
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