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IT workers can expect 20% pay hike in 2018
IT workers can expect 20% pay hike in 2018
Their projected salary increase is well above the national wage growth.
Government unveils Smart City Blueprint
This includes the pilot installation of smart lampposts which can collect real-time city data.
Manufacturing industrial production index up 0.3% in Q3
Food, beverage and tobacco output volume rose 2.8%.
The rich get richer: Hong Kong's affluent gap widens
The affluent Hong Konger invests 17 times more than the average person.
Commercial real estate investment surged by 74% in 2017
The office segment performed strongly but retail continued to decline.
Hong Kong to shoulder $2.36b of mega bridge's cost overrun
It is expected to be divided between Hong Kong, the Mainland and Macau.
Warehouse rents may recover by 5% as e-commerce drives air shipping demand
External trading volumes also picked up signaling the market’s gradual normalisation.
Cooling measures take effect as secondary residential transactions fall to 3,642 deals
This was 7.9% less than the SARS outbreak which shocked the housing market in 2003.
Tight vacancy rates may push Central prime office rents up 5% in 2018
This is due to sustained demand from PRC and financial services firms.
Hong Kong is the ninth priciest location for expats
It’s back in the top ten after falling short at eleventh place last year.
Money not enough: 9 in 10 investors have insufficient retirement savings
Thus, younger workers are delaying retirement to increase savings.
Service industries post double-digit business receipts growth in Q3
The warehousing and storage industry posted the largest annual increase at 18.1%.
Housing market cools down as transactions fell for fifth straight month
The outlook for the property sector remains muted as indicators declined in Q3.
Construction output falls 7% to $60.4b in Q3
Residential building projects amounted to $16.3b in the same quarter.
Total exports to Mainland China down 27% to $147.3b in Q3
These exports were also for outward processing in the Mainland.
New tech listings failed to buoy Hong Kong's IPO market to top spot
Total proceeds are forecasted at $130b, its lowest since 2012.
7 in 10 workers interested in using AI for mundane tasks
Compared to other Greater China regions, Hong Kongers are more optimistic about the developing technology.
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