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Tech firms begin to abandon Hong Kong amidst Security Law
Tech firms begin to abandon Hong Kong amidst Security Law
Many are making contingency plans and restructuring their operations away from the market.
Cathay Pacific warns of $9.9b H1 net loss
The airline and its Cathay Dragon unit flew 27,106 passengers in June, down 99.1% from June 2019.
Hong Kong-based wealth clients probed for pro-democracy ties
"Politically exposed persons" can have a hard time accessing banking services.
Hong Kong amongst top four Tier-1 data centre markets
It has 4 million sqft of space either being leased or transacted.
Commercial property market to see green shoots in the medium term: JLL
Capital values of mass residential remain resilient in H1.
Grade A office rents shrink 3.8% in Q2
This contraction marks the fourth consecutive quarter of decline with average vacancy rate hitting nearly 6%.
Over a quarter of Hong Kong employees experienced 30% pay cut
Enterprises have been forced to reduce wage expenses to maintain financial health.
HSBC, StanChart push remote work as COVID cases rise anew
City officials have detected 40 local cases on 14 July.
Luxury home transaction volume rebounded in Q2
The super-luxury segment also saw its volumes spike in the same quarter.
No.16 and No.18 Gage Street in Central sold for $332m
The building comprises six storeys with street-level shops.
Hong Kong to drive GBA's second stage of growth
It will provide a gateway to global capital markets for mainland Chinese firms in the region.
Highways Department signs contract for CKR works
This comprises the construction of buildings and is expected to cost about $5.67b.
Government rolls out subsidy for precious metals trading industry
This is said to provide relief to members and practitioners registered with CGSE.
Commercial property sales volume fell 70% in Q2
This comes as economic recession and local political turmoil weighed on buyers’ decisions.
Total exports down 5.6% in April and May
Warehouse vacancy continued to increase to 3.3% in Q2.
Hong Kong rolls out $1.02b convention and exhibition subsidy scheme
This is in light of the gradual resumption of C&E activities in mid- and late July.
Commercial property investments plunged 71% in H1
This marks the lowest for a six-month period since 2009.
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