News
PMI sinks to decade-low 43.8 in July
This is due to sharp declines in both business activity and new orders and fall in input stocks.
PMI sinks to decade-low 43.8 in July
This is due to sharp declines in both business activity and new orders and fall in input stocks.
Retail sales fall 6.7% to $35.2b in June
Sales will likely be subdued due to the weak economic outlook and ongoing demonstrations.
Monthly gender pay gap widens to $6,500
On average, women are earning less despite making up half of the workforce.
GDP growth holds firm at 0.6% in Q2
This is due to weak performance of investments and low external demand.
Nano flats supply to surge 60% in the next two years: study
It will account for roughly 5% of the total new private housing supply in 2019.
Luxury retailers halt expansion plans as sales weaken
As a result, non-luxury retailers are moving on in core areas outside Central.
Grade-A office rents in Hong Kong Island up 1.2% in June
Tenants snapped up office spaces sized over 15,000 sqft.
Kai Tak site sold for $12.74b in cheapest land sale in three years
A joint venture led by Wheelock Properties and COLI bought the site.
Hong Kong trade deficit narrows to $244.2b for H1
Total trade exports and imports decreased by 3.6% and 4.5% in H1.
4,800 private flats completed in Q2
About 93,000 flats will be available in the next three to four years.
Hang Seng Bank adds forex functionality to AI-powered chatbot
Users can request data on current rates and detect nearby FX ATMs.
Skyrocketing rents hit Hong Kong retailers hard
Retailers are burdened by leasing costs as high as $20,864 annually.
Home sales crashed 44% to 4,627 in May amidst launch drought
A property at Mount Nicholson on the Peak changed hands for $916m.
Less Hong Kongers expecting home prices to rise
The number of respondents forecasting home prices to grow fell to 36% from 42%.
Inflation hits 3.3% in June
Surging pork prices drove inflation levels up.
Firms expect business situation to worsen in Q3: survey
Retail, accommodation and food services, and real estate sectors are bracing for the worse.
Cathay Pacific acquires Hong Kong Express Airways
HK Express will reportedly remain a low-cost carrier.
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