News

No.16 and No.18 Gage Street in Central sold for $332m

The building comprises six storeys with street-level shops.

No.16 and No.18 Gage Street in Central sold for $332m

The building comprises six storeys with street-level shops.

Hong Kong to drive GBA's second stage of growth

It will provide a gateway to global capital markets for mainland Chinese firms in the region.

Highways Department signs contract for CKR works

This comprises the construction of buildings and is expected to cost about $5.67b.

Government rolls out subsidy for precious metals trading industry

This is said to provide relief to members and practitioners registered with CGSE.

Commercial property sales volume fell 70% in Q2

This comes as economic recession and local political turmoil weighed on buyers’ decisions.

Total exports down 5.6% in April and May

Warehouse vacancy continued to increase to 3.3% in Q2.

Hong Kong rolls out $1.02b convention and exhibition subsidy scheme

This is in light of the gradual resumption of C&E activities in mid- and late July.

Commercial property investments plunged 71% in H1

This marks the lowest for a six-month period since 2009.

HKMA sells $8.14b into market as currency hits strong end of trading band: report

The aggregate balance will increase to $146.93b ($18.96b) on 9 July.

Tsim Sha Tsui overtakes Causeway Bay as priciest retail district

The district’s diverse trade mix lends it to more sustainable rents.

Lands Department issues seven pre-sale consents in Q2

Four of these are phased developments, making up 818 residential units.

Foreign firms give up office spaces in Hong Kong

Foreign companies make up 61% of the total surrender of office stock in Q2.

Employment Support Scheme to disburse fifth batch of wage subsidies

This batch will receive an average wage subsidy of about $460,000.

Tech giants' China face-off risks sparking exodus from Hong Kong

Firms such as Microsoft and Zoom suspended data requests from the local government.

Structural changes underway for Hong Kong's retail sector

Landlords are still reluctant to substantially cut rents.

Hong Kong ranks 15 in real estate transparency index

The city could elevate to ‘highly transparent’ if its sustainability transparency improves.

Property sale and purchase deals down 24.7% in H1

The total consideration for these agreements also dipped 8.8% to $269.02b.