Reduced spending from visitors entering Hong Kong has made the headlines lately as the city tries to boost its tourism, retail and hospitality sectors.
Reduced spending from visitors entering Hong Kong has made the headlines lately as the city tries to boost its tourism, retail and hospitality sectors.
The government may need to think further outside the box when dealing with the Northern Metropolis, specifically the San Tin Technopole (STT). Whilst it has focused on looking for big companies to settle in the area, there appears to be a minimal overall plan.
Given its defensive nature, the student accommodation sector is getting attention from forward-looking investors, providing a high-yield alternative to traditional asset classes.
Hong Kong’s self-storage business evolved in four distinct stages. It first emerged in the mid-1990s when the concept was introduced from the US. The second stage saw rapid expansion, driven by rising demand due to the decreasing size of Hong Kong homes.
The Town Planning Board (TPB) has recently introduced the Plot Ratio Transfer Pilot Scheme, a new planning tool to promote urban regeneration which will be used in Yau Ma Tei and Mong Kok. The pace of renewal has slowed in these districts, and the buildings are not getting any younger. The scheme allows property owners, including private developers and the Urban Renewal Authority (URA), to transfer permissible gross floor area between sites. Suggested by the URA, the plan hopes to incentivise private sector initiatives and preserve buildings of significant value.
As the government intensifies its efforts to acquire private land for the Northern Metropolis and Northeast New Development Areas (NDAs) – for public housing and other public purposes – two crucial points are causing hiccups.
Hong Kong’s Northern Metropolis is fast becoming a highly sought-after real estate investment location. Despite no government land sales being planned for this area this year, developers and investors have been active, participating in land exchanges and rezoning exercises. Here is what we know about those recent land exchanges and rezoning applications and their potential impact on the real estate market.
A local government accommodation scheme in Shanghai could boost private interest in Hong Kong’s Northern Metropolis and solve housing issues before they arise.
Companies without a purpose are no longer sustainable. As so many young people today aspire to live in a better world, the domino effect of their choices to be environmentally and socially conscious reaches all companies.
Automation carves out new avenues to achieve new business outcomes that would otherwise not be possible. It is safe to say that the disruption caused by automation will continue to have a significant impact across industries. As Hong Kong strives to develop its digital economy, intelligent connectivity will be crucial to solidifying its position as a regional financial and economic hub.
As a digitally savvy population, Hong Kong’s consumers expect retail organisations and brands to invest in enhanced digital capabilities that deliver seamless, hyper-personalised digital experiences. Advances in digital transformation and data modernisation enable retailers to target consumers more accurately and, as a result, achieve higher success.
From the MTR’s launch of a ‘Web3’ (an internet service using decentralised blockchains) metaverse partnership with The Sandbox platform to K11 MUSEA’s METAVISION NFT showcase on HSBC’s Main Building façade back in June 2022, signs of metaverse are proliferating in our lives, and proliferating fast.
The fifth COVID wave in Hong Kong has brought unprecedented challenges to small-and-medium-sized businesses (SMBs) but signs of recovery are already starting to emerge. A recent survey conducted by CPA Australia found that 57% of SMB respondents expect their revenue to stay at a normal level or even grow in the next three months.
Despite the challenges arising from the ongoing global pandemic, Hong Kong, with its expertise and massive capital flows in the insurance market, will always be the Asian hub for multinational insurers
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Commentary
Hospitality insights on the inbound outbound dilemma in Hong Kong
Hospitality insights on the inbound outbound dilemma in Hong Kong
LandsD 'area model' idea makes sense for the San Tin Technopole
Hong Kong’s tertiary education policy shift ignites co-living growth
Transforming Hong Kong into a climate tech powerhouse
Navigating challenges and seizing opportunities in Hong Kong’s self-storage sector
Revolutionising the Way We Treat Diseases: The Promise of mRNA Technology
Trial plan allows developers to transfer GFA between sites
Unlocking the real value of AI’s productivity revolution
The two thorns hurting Hong Kong’s land resumption plan
It’s not all quiet on the Northern Front
Getting the right accommodation mix will be crucial to the Northern Metropolis’ success
How ESG is measured in valuations and how enhanced green technology helps companies with purpose
Driving the future of Hong Kong's businesses with hyper-automation
How can Hong Kong organisations leverage on the benefits of AI for improved customer experience
How your business can get the most out of the metaverse
Beyond survival: SMBs can ramp up business by harnessing the power of innovation
Hong Kong insurers step up to seize opportunities in Greater Bay Area