News
Alibaba prices Hong Kong retail investors' offer at up to $188 per share
Up to 575 million shares is up for grabs.
Alibaba prices Hong Kong retail investors' offer at up to $188 per share
Up to 575 million shares is up for grabs.
Export volumes contract 7.8% in September
This marks the seventh straight month of decline.
Causeway Bay remains the world's most expensive shopping street in 2019
Rents in Russell Street can go as high as $2,745 psf per year.
Portion of Kai Tak runway sold for $15.95b
The amount was slashed by up to 20% from the top price range.
Hong Kong salaries to rise 1.4% in 2020, still amongst Asia's lowest: study
This is well below APAC’s average salary increase of 3.2%.
Business activity sinks to record-low as PMI drops to 39.3 in October
Demand from mainland China fell at the sharpest rate in 21 years.
Singapore's CapitaLand sells Citadines Mercer Hong Kong for $581.1m
The property has an agreed value of $129.4m.
Four mobile networks buy 5G spectrum for $665.13m
The assignment of the spectrum will take effect in December.
SFC to issue virtual asset trading license
The regulator has published a set of standards comparable to licensed securities and trading brokers.
DBS Hong Kong launches fully virtual wealth management account
Customers can now set-up a multi-currency savings and wealth management account through their smartphones.
Property sales down for fifth straight month in October
But total sales consideration soared 44% to $65.6b.
Restaurant receipts down 11.7% to $26.4b in Q3
This is the worst year-on-year decline recorded since the SARS outbreak in 2003.
Retail sales down 18.3% in September
Retail sales are expected to stay weak in the near term as local social incidents continue.
Hong Kong is the 7th costliest office fit-out market in APAC
Soaring AV/IT costs add to the expensive builders’ works.
Developers to shift away from nano flats
The supply of nano flats will shrink starting 2022.
Hong Kong sinks into recession
GDP slumped 3.2% into region’s worst performance since the 2009 global financial crisis.
Hong Kong economic growth may plunge into negative territory by end-2019
Both domestic and external demand remained weak.
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