Hong Kong
Office market posts positive net absorption in February
This is the first time after three consecutive months of negative absorption.
Office market posts positive net absorption in February
This is the first time after three consecutive months of negative absorption.
Outstanding credit card balances went up 7.3% YoY in Q4 22
It indicates that consumers are reengaged to the market.
Hong Kong’s Fusion Bank launches business banking services for SMEs
Until 31 December, new customers may be exempt from account opening fees.
HKIA taps SITA for its net zero carbon goal
The IT provider will aid the airport in tracking and monitoring its carbon emissions.
Nos. 13-15 San On Street up for sale
The property comprises two buildings with a total gross floor area of 88,154 sq ft.
Hong Kong is Asia’s most expensive business travel destination
Globally, the market is 16th priciest for business concerns.
China central bank to supports HK's bid to becoming an international finance hub
The bank provided conducive factors through its policies.
UBS’ takeover of Credit Suisse ‘insignificant’ to HK’s banking sector: HKMA
The total assets of Credit Suisse’s HK branch represent less than 0.5% of the local banking sector's.
How sluggish trade activity is affecting industrial leasing
Aggregate trade dropped 33.4% YoY in January.
New co-living rental complex to attract young professionals
The 6,500 square-metre key hotel is located in the heart of Tsim Sha Tsui.
CK Hutchison posts 10% profit growth in 2022
Its profit attributable to ordinary shareholders stood at HK$36.6b.
Home sales rise in February
There were 4,282 units sold during the month.
Retail leasing sentiment picks up in February
A notable transaction during the month was the ground floor of 14 Canton Road.
Grade-A office vacancy rate rises to 12.3% in February
The increase was partly due to the completion of S22 in Wong Chuk Hang.
Pay for workers in finance industries to increase by 3.8% and up in 2023
This is likely because there will be a “greater focus” on finance tech industries this year.
How Hong Kong plans to position itself as a greener city
The government will establish a green-tech committee as part of its efforts.
Unemployment rate drops to 3.3%
There were 115,700 unemployed from December 2022 to February 2023.
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