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Grade A office leasing volume drops 27% QoQ in Q2
Grade A office leasing volume drops 27% QoQ in Q2
The decline was due to major relocations and new project completions.
HK retail landlords boost investments amidst sector downturn
They are enhancing malls through marketing, renovations, and amenities like pet-friendly spaces.
5 barriers to wider adoption of AI in recruitment processes
Only 23% of employers use AI in various recruitment stages.
DBS HK fined US$1.28m for anti-money laundering, review lapses
The bank failed to conduct due diligence in ‘high risk situations’ from 2012 and 2019.
New building management bill sets stricter procurement rules for OCs
The bill will come into operation on 13 July next year.
Gov’t passes bill to boost social worker standards
Secretary Sun emphasised the importance of social workers in national security.
Cathay Pacific to buy back remaining 50% of gov't preference shares
The airline's repurchase of the stake is valued at $9.75b.
4 residential developments issued pre-sale consents in Q2
One of the developments is located in Happy Valley and expected to be completed next year.
Hong Kong enacts 'patent box' tax concession
This include offering a 5% tax rate on qualifying profits from patents.
HK insurers may need capital boosts due to new rules
The new regime could be costly for insurers.
Popway Hotel up for sale via public tender
The tender will close on 1 August.
New pet critical illness cover introduced in Hong Kong
It is available to pets of any age and breed, for an annual fee of $14.40.
Riviera Plaza in Tsuen Wan for sale
The plaza was completed in 1990.
Hong Kong banks face mixed outlook with expected rate cuts in 2024
Credit risk management will be a key concern for banks amidst fluctuating interest rates.
Four offices in Clarke Quay Central for sale at $3,500 psf
The units can be sold individually or as a set.
HK retail leasing market stable amidst shifting consumer trends
The overall high street vacancy rate held steady.
HK's new legislation welcomed by insurance industry
The legislation advocates for international insurers to re-domicile in Hong Kong.
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