News

AirAsia X launches new Hong Kong-Kuala Lumpur route

The new route will operate larger widebody aircraft.

Evergrande to record $60.3m in Shanghai Henggen Real Estate exit

A unit of Evergrande will sell its 30% stake in Shanghai Henggen Real Estate for $727.3m.

Bank of China HK uses e-CNY for $5.1m cross-boundary settlement

It's a stepping stone towards the normalization of e-CNY use amongst BOCHK's corporate customers.

Grade A office market logs net absorption of 397,700 sq ft in 4Q23

All submarkets returned to positive territory except for Greater Central.

3 ways gov't can improve land tenders

There has been frequent withdrawal of government land lenders in Hong Kong.

4 ways gov't can support the residential market

The residential market's average monthly transaction volume in 10M23 was 25% below the previous 4-year average.

Interest in global hiring growing amongst Hong Kong companies: report

HK-based companies are hiring talent from the Philippines, India, and more.

MTR rolls out contactless bank card payment for train rides

Visa will be the first bank card that will be accepted for payment.

High street shop rents rise 14.8% YoY in 2023

In 2024, experts expect rents to climb by only 5%-10%.

Grade A office vacancy rises to 12.9% in 2023

The subdued demand led to a 5.3% decrease in overall rents.   Demand for Grade A offices remained subdued, leading to a 5.3% decrease in overall rents by the end of November. 

Over 50% of Hongkongers anticipate a drop in home prices in the next 12 months

With this expectation, half of Hongkongers expressed disinterest in purchasing a property in 2023.

HKCMP urges collective effort to improve the local capital market

The newly inaugurated association aims to serve as a bridge between market players and regulators.

HKPC launches aviation programme for secondary students

The programme will provide students with theoretical and practical training.

Resigning? Salary increment for switching jobs to be lower in 2024

Employees changing jobs can expect an increase of 5%-10% from their current salary.

What are the most searched properties in Hong Kong in 2023?

Two of the 10 popular searches are shopping complexes.