News

Hong Kong dislodged as home to the world's largest super-rich population in 2018

New York reclaimed the crown as the trade dispute hammered the SAR.

Hong Kong ports lose edge as China slows down

Ports in Shanghai and Shenzhen rank above the SAR.

Developers deploy discounts to sustain sales in January

Sun Hung Kai discounted its Ma Tau Kok apartment complex by 50% on average.

Higher Central office supply looms as Chinese tenants pull out

Occupiers in the financial sector have also been exiting.

Jobless rate flat at 2.8% in October-December

This translates to 105,400 unemployed Hong Kongers.

Prime apartment rents could rise by up to 5% in 2019

Leasing costs may rise at a slower pace compared to the previous year.

HKIA passengers up 2.5% to 74.7 million in 2018

Total cargo throughput grew 1.5% to 5.1 million tonnes.

Tung Chung set to rise amidst intensified Lantau infrastructure drive

New extensions will boost its population to over 268,000.

Hong Kong families need at least $6.63m to cover dependents in case of death: survey

On the other hand, childless couples only need $3.29m in savings.

2.5 million sqft of retail space to be completed in 2019

Healthcare and cosmetics firms will drive leasing growth.

Grade A office rents may drop 5% in 2019

Capital controls and RMB depreciations will continue to hamper growth.

Hong Kong M&A activity slumped in 2018

Mergers and acquisitions deals fell to 1,050 transactions with a combined value of US$87.93b in 2018, down from 1,252 transactions with a combined value of US$108.28b in 2017.

Where to park your money in 2019

It was an undeniably terrible year for equities, but experts are not completely writing them off in 2019.

Banks' 2019 loan growth cut to 2% as trade and mortgage loans take hit

Lending to Mainland firms has been trending downwards to 6.1% in September 2018.

SFC slaps $2.4m fine on FWD Life

The insurer failed to meet the required number of personnel with sufficient investment experience.