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Hong Kong is the world's third most competitive economy
Hong Kong is the world's third most competitive economy
It topped macroeconomic stability, health, financial system and product market categories.
HKEX scraps $285.86b bid for London bourse
LSE’s board had unanimously rejected the proposal on 13 September.
Hong Kong faces third-greatest housing bubble risk globally: UBS
It remains the least affordable housing market amongst cities analysed.
Property sales down for fourth straight month in September
Sale and purchase agreements dropped to 4,090 transactions.
Greater Central office rents to fall by up to 8% in 2019
Only Hong Kong East defied the rental downturn in Q3.
August retail sales plunge in worst performance on record since 1998
Sales crashed 23% in August, worse than that recorded during the Asian Financial Crisis.
Approved mortgage loans dipped 2.8% to $45.3b
The number of mortgage applications also decreased by 26.5% MoM.
Nearly 2 in 5 fintech employees switched jobs over the year
Consequently, talent acquisition is a challenge for 2 in 3 fintech firms.
Government rejects all bids for Kai Tak site
This is the sixth tender exercise for government land sales to be cancelled since 2014.
Vacancy tax may hit luxury property market hard: JLL
Developers may favour building mass residential units over posh homes.
Mall rents slashed by up to 25%
Protests have hit Causeway Bay and Tsim Sha Tsui rents the hardest.
Kowloon office leasing demand weakens further in August
Monthly rent in Admiralty fell 9.4% to $105.5 psf.
Costs of completed buildings totalled $2.4b in July
Another 110,548 sqm of new buildings will be added to the supply pipeline.
Q2 current account surplus more than doubled to $37.8b
This was due to a decline in the goods deficit and growth in the net inflow of primary income.
External debt hits $12.76t in Q2
However, the banking sector’s ED dipped.
Hong Kong amongst world's rising stars for trade potential: StanChart
The city nearly broke into the world’s top 10.
Inflation hits 3.5% in August
Food prices soared 14.2% in August.
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