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HKIA announces new executive director
HKIA announces new executive director
Two executive directors will be appointed soon to oversee long-term and general business.
Office fit-out cost growth moderates to 2.3% in 2023
Hong Kong is amongst the most expensive markets for fit-outs in APAC.
Gov’t appoints 19 members to new tourism committee
The new members will serve the committee until December 2025.
HKIA sees record passenger and flight movements in December
In December, passenger volume increased 1.7 times YoY to 4.3 million.
Consumer prices rise 2.4% YoY in December
The December inflation is lower than the November record of 2.6%.
Fewer businesses feel optimistic about 1Q24
Only 13% expect their business situation to be better.
Hang Seng enables credit card customers to use loyalty points in AlipayHK
They can use their loyalty points to pay at over 150,000 outlets that accept AlipayHK payments.
Housing market to enter a phase of ‘relative surplus’ between 2024-2027
JLL noted that the annual average sales of new homes in Hong Kong is only 16,400.
HK Express launches daily flights to Beijing Daxing International Airport
The service will commence on 12 March.
Jobless rate unchanged at 2.9%
The total number of unemployed people stands at 105,700.
4 trends shaping GBA’s commercial real estate investment market
Total annual investment volume reaching RMB66.1b in 2023.
Industrial rents grow 1.4% in 2023
Renewals dominated the leasing market last year.
Property investments drop 28% YoY to $37b in 2023
2023 only saw 65 deals.
Hong Kong braces for 8.4% medical inflation amidst rising healthcare demands
One in every two adults in Hong Kong have chronic disease.
Berking Re sits with a stable outlook, pressure from market volatility seen: AM Best
The insurer’s governance and regulatory oversight are expected to adequately protect its capital and assets.
Hong Kong investors are amongst the most eager to divest assets in 2024
The 2024 net buying intention of Hong Kong was -11%.
Grade A office rents drop 6.5% YoY in 4Q23
By 4Q23, average rent stood at $52.9 per sq ft.
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