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Hong Kong still top APAC real estate investment market in H1
Hong Kong still top APAC real estate investment market in H1
However, transactions fell 46% YoY to $47.06b.
PwC and HKSTP launch IT fundraising programme
It aims to lure tech companies to Hong Kong.
Central office vacancy rate hits three-year high of 2.6% in July
The occupier market contracted to 56,100 sqft due to subdued leasing demand.
Composite interest rate down to 0.94% in July
This is due to decreases in weighted funding costs of deposits and interbank funds.
Hong Kong inflation remains unchanged at 3.3% in July
Hungry Hongkongers won’t be happy with the inflation rate of 12.8% for food prices.
Jobless rate up to 2.9% in May to July 2019
This translates to an additional 3,300 unemployed people.
Economic conditions in H1 weakest in a decade: government economist
Real GDP is expected to grow by a dismal 0-1% by the end of the year.
Total export volume down 5.2% in H1
Exports fell for the fourth straight month in June.
64% of Hong Kong investors failed to achieve objectives: survey
Knee-jerk decisions during market volatility could hamper investors from achieving their goals.
Mid-year population up 1% to 7.52 million
The number of residents rose by 73,100.
Far East Consortium unit clinches Kai Tak site for $2.45b
It is designated for non-industrial use.
A fifth of old Hong Kongers still have part-time jobs: survey
Blame Hong Kong's notoriously high cost of living.
Hong Kong banks' loan growth hit 1.1% in June
Loans for mortgages, building, and construction drove quarterly gains.
Hong Kong gears for 5G rollout in 2020
Around 1,000 government premises will open for applications.
Voluntary turnovers rates in tech hit 13.9% in Q2
Local turnover rates are higher than those in India, Japan and Taiwan.
A third of Hong Kongers spend $746 on monthly subscription services
35% have been charged with bank fees, most of them because they forgot to pay.
Hong Kong and China enterprises invest in Peru projects
MOUs include investments in energy, coffee trade, and mining projects.
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