News

Office rental growth hits decade-low in October

Rents have dropped 1.6% MoM to $74.3 per sqft.

Inflation slows to 3.1% in October

Food products rose sharply at 13.3% due to elevated pork prices.

F&B sector's unemployment rises to six-year high in August-October

Unemployment in consumption and tourism sectors rose to 5% during the period.

Property investments down 32% to $3.67b in Q3

This is the fifth-straight quarter of decline.

Real GDP forecast revised down to -1.3% for 2019

Revised GDP figures revealed that the economy contracted 2.9% in Q3.

Export volumes contract 7.8% in September

This marks the seventh straight month of decline.

Causeway Bay remains the world's most expensive shopping street in 2019

Rents in Russell Street can go as high as $2,745 psf per year.

Portion of Kai Tak runway sold for $15.95b

The amount was slashed by up to 20% from the top price range.

Hong Kong salaries to rise 1.4% in 2020, still amongst Asia's lowest: study

This is well below APAC’s average salary increase of 3.2%.

Business activity sinks to record-low as PMI drops to 39.3 in October

Demand from mainland China fell at the sharpest rate in 21 years.

Four mobile networks buy 5G spectrum for $665.13m

The assignment of the spectrum will take effect in December.