News
UBS’ takeover of Credit Suisse ‘insignificant’ to HK’s banking sector: HKMA
The total assets of Credit Suisse’s HK branch represent less than 0.5% of the local banking sector's.
UBS’ takeover of Credit Suisse ‘insignificant’ to HK’s banking sector: HKMA
The total assets of Credit Suisse’s HK branch represent less than 0.5% of the local banking sector's.
How sluggish trade activity is affecting industrial leasing
Aggregate trade dropped 33.4% YoY in January.
New co-living rental complex to attract young professionals
The 6,500 square-metre key hotel is located in the heart of Tsim Sha Tsui.
CK Hutchison posts 10% profit growth in 2022
Its profit attributable to ordinary shareholders stood at HK$36.6b.
Home sales rise in February
There were 4,282 units sold during the month.
Retail leasing sentiment picks up in February
A notable transaction during the month was the ground floor of 14 Canton Road.
Grade-A office vacancy rate rises to 12.3% in February
The increase was partly due to the completion of S22 in Wong Chuk Hang.
Pay for workers in finance industries to increase by 3.8% and up in 2023
This is likely because there will be a “greater focus” on finance tech industries this year.
How Hong Kong plans to position itself as a greener city
The government will establish a green-tech committee as part of its efforts.
Unemployment rate drops to 3.3%
There were 115,700 unemployed from December 2022 to February 2023.
Residential market sales to grow 49% in Q1 2023
It will be backed by China reopening and reduction of AVD.
Measures in place to combat abuse of public housing resources: gov’t
Over 3,000 households have either surrendered their flats or had it confiscated.
No delay in full implementation of eMPF platform: gov’t
This is despite an expected eight months setback in the platform’s delivery.
Gov’t proposes to ban disposable plastic tableware in catering premises
The proposed ban applies to both dine-in and takeaway customers.
Commercial property demand to ‘gradually strengthen’ in 2023: CBRE
In February, sales rose 23.4% MoM to 1,698 units.
Hong Kong Airlines serves four-times weekly flights to second Beijing route
The flight will return daily starting 26 March.
Wing Tai Properties braces for loss in FY22
It is expecting a loss of $50.0m.
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