News

Mortgage loans soar 15.1% MoM in January

The number of mortgage applications in January reached 6,523.

Experts call for stronger tax reliefs for individuals, enhanced family office tax breaks

An expanded family office tax concession regime seen propelling the city as global capital hub.

Government extends Green and Sustainable Finance Grant Scheme to 2027

It has so far provided subsidies worth $134m under the scheme.

Hong Kong Airlines resumes direct flights to Kagoshima, Japan

The airline will operate direct flights to the Japanese city starting 31 March.

Cathay eager for end-of-2024 commissioning of HKIA's Three-Runway System

The airline said the system will increase intermodal activity.

HTHK, Huawei ink MOU on 5.5G green strategy 

The parties aim to reduce 400,000kg of CO2 emission yearly.

En-bloc commercial buildings in Cheung Sha Wan up for sale

The property is valued at approximately $200m.

Gov’t to set up a 'digital identity of enterprises' platform

The cost for its establishment will be about $300m.

HSBC Life Hong Kong issues most expensive life insurance policy

The Hong Kong insurer has issued policies worth at least US$50m over the past year.

Towngas supports govt's green initiatives in Budget speech

Amongst the measures is the promotion of green methanol bunkering for vessels.

HK's office vacancy rate climbs to 12.9% in January

Central experienced a vacancy rate increase to 10.4% by the end of January.

Gov’t injects $100m to boost tourism

The fund will go to the establishment of a Mega Events Coordination Group.

HK’s land supply surplus to reach 14%

The potential land supply for the year is expected to reach a total of 15,000 units.

More SME support announced in Budget speech

All enhancements will take effect for the 2024-2025 assessment year.

Gov’t unveils plans to promote I&T and health tech sectors

The gov’t allocated over $25b for projects in these sectors.