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Vacant residential tax to dampen developers' land bidding
Vacant residential tax to dampen developers' land bidding
The levy is expected to be focused on newly built units.
Meituan Dianping hit by massive $22.79b loss ahead of blockbuster IPO
Ballooning market and research spending hit Meituan in its attempts to diversify.
Hong Kong could break into the top three IPO destinations by year-end
Total fundraising proceeds could hit $250b.
Public rental housing supply pegged at 34,800 for 2018-19
Of this number, 23,100 new flats and 11,700 refurbished flats will be available.
China Renaissance reportedly guns for US$800m in Hong Kong IPO
The investment bank is aiming for a valuation between US$4b to US$5b.
F&B sector remains hardest hit by private sector vacancies in March
There were a total of 12,030 vacancies.
Hong Kong is 6th safest city in the world
It climbed from 14th place in 2017.
Central is the world's priciest prime office market for third straight year
Occupancy costs per sqft are higher than London and New York at $2,505.
Inflation extends steep climb after rising 2.1% in May
Prices for food and basic utilities rose steeply at 4.7% and 3.4%.
Hong Kong firms may shell out extra $40,539 per skilled worker to avoid losing talent
Workers are more inclined to stay amidst hefty paychecks.
Flexible workspaces represent 1.2% of Hong Kong's office space
This marks one of the least penetration rates in APAC.
BOC (Hong Kong) to beef up private banking business by at least 20%
Given enough available talent, the bank aims to double the number of its relationship managers.
Government caps import and export declaration charge at $200
The move can save as much as $458m annually.
Xiaomi lays down terms for blockbuster IPO
The smartphone maker is said to offer 2.18 billion shares at $17 to $22 apiece.
Hong Kong wide open to a financial crisis over the next three years
Worsening credit-to-GDP gaps are putting the city in danger territory.
Half of exporters remain bullish despite trade tensions
They believe US-China trade tensions will have little to no impact on export activity.
Xiaomi reportedly lowers valuation after delaying Mainland offering
The likely valuation of the smartphone maker is now between US$55b to US$70b.
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