News

Mainlanders drive demand for luxury apartments in Q3

In Hong Kong Island, rents picked up by 1.2% QoQ.

Mainlanders drive demand for luxury apartments in Q3

In Hong Kong Island, rents picked up by 1.2% QoQ.

High-street shop vacancy improves to 14.4% in Q3: CBRE

Causeway Bay vacancy hit single-digits for the first time since Q1 2020.

Warehouse vacancy inches up to 2.7% in Q3

The completion of a new logistics centre in Tuen Mun contributed to this.

Citi names Keith Lee as Hong Kong high net worth market manager

He has 25 years of experience in the financial industry.

Commercial property investment volume up 5.7% QoQ to $18.1b in Q3

A total of 20 transactions were accounted for during the period.

Five new co-investment partners for I&T fund introduced

They assessed the venture capital fund’s capabilities.   The Innovation & Technology Venture Fund has five new co-investment partners after scrutinising 15 applications, the government announced.   Its identified partners are Beyond Ventures II Fund LP, BitRock Capital Fund II, LP, BVG IV LP, ORI Healthcare Fund II, LP, and Transcend Capital Partners II LP.   “The remaining selected partners will be announced later,” the government said in its issued statement.   Selection of these partners were based on assessment criteria which include venture capital fund’s capability, investment strategy and performance, management team’s expertise and experience and local network and resources, and the advice of the fund’s advisory committee.   This fund was established to urge venture capital investment in local I&T startups and to improve the I&T ecosystem in Hong Kong.   So far, the government co-invested in 27 local startups. The investment totalled around $200m, and attracted around $1.7b of private investment.

Health vs wealth: What’s more important for Hong Kongers?

HSBC Life’s +Factor Study reveals key insights into how health and financial well-being impact lives.

Office rents decline persist in Q3

Central and Kowloon East saw the highest vacancy.

Bank of China HK warns of fake website

It has already been reported to the HKMA and the local police force.

Four digital transformation trends crucial for business operations

These trends include industrial metaverse, and cybersecurity, amongst others.

Invesco relocates to Hongkong Land’s Jardine House

The firm will rent 33,000 sq. ft. in the high zone of the office tower.

Hong Kong ‘flexible’ over age limit of payload specialist

However, ultimately it will remain the city’s decision.

Foodpanda rolls out reusable packaging pilot programme 

The food company will provide 8,000 reusable food containers to participating restaurants.

Property sales decline 7.7% MoM in September

Total consideration for the month decreased by 62% MoM.