News

Property sales up 36.3% to $77.8b in April

Residential units accounted for three quarters of the monthly sales.

Property sales up 36.3% to $77.8b in April

Residential units accounted for three quarters of the monthly sales.

PMI plunges to 49.1 in April amidst slower sales and output

The latest reading represents the weakest showing in nine months.

California filmmaker seeks $500m in Hong Kong IPO

STX Entertainment seeks to capture China’s vast moviegoing market.

Government mulls tax on vacant properties to boost home supply

Home ownership in Hong Kong has plunged to alarmingly low levels.

Retail sales value up 11.4% to $39.8b in March

Sales of jewellery, watches, clocks and valuable gifts led the charge.

Government surplus hits $148.9b as of end-March

Thanks to high profits tax, stamp duties and land premiums.

Is the end near for Hong Kong's red hot property market?

A looming prime rate hike is set to dampen housing demand.

Tax revenue up 13% to $328.6b for 2017-18 amidst higher stamp duty receipts

The number of property transactions rose alongside prices.

Xiaomi debuts in Hong Kong for world's biggest IPO since 2014

Its flotation may be the biggest since Alibaba’s $25b listing.

Tuen Mun site sold for $2.75b

It was awarded to Westlink Investments.

Loans up 3.6% in Q1 amidst intensified construction activities

On a monthly basis, loans for use also inched up 1.2% in March.

Is Kwai Tsing the new home for Hong Kong's upper class?

It’s one of the top five fastest growing districts in terms of affluence.

Hong Kong margin loans balloon nine-fold to $26.3b in 2017

The regulator has expressed concern about the risks associated with rising bad loans.

Hong Kong banks lift time-deposit rates amidst expected rate hikes

Standard Chartered and ICBC raised time-deposit rates to more than 2%.

Government mulls underground facilities to free up land for housing

Sewage plants and reservoirs can be relocated to caverns to build more homes.

Blockbuster IPOs set to trigger cash crunch

A cash crunch looms as Xiaomi moves for a public debut which could push Hibor rates.