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Interest rate hike cycle dims mass residential market outlook
Residential transaction volume was down 39.4% YoY in 2022.
Interest rate hike cycle dims mass residential market outlook
Residential transaction volume was down 39.4% YoY in 2022.
Property transaction volumes hit lowest level in 10 years
There were only 101 big deals concluded in 2022.
Residential transactions in GBA to pick up by 20%-25% in 2023
In 2022, the GBA saw a 35% YoY decline in transactions.
Retrofitting old buildings will increase rents, tenant satisfaction
JLL research showed that retrofitting old buildings will be cost effective.
Government to provide Hong Kong fresh impetus
This is to boost the city’s economic growth, Financial Secretary Paul Chan said.
Financial stability a priority for Hong Kong: finance secretary
Chan expects more support from mainland China as the latter’s economy recovers.
Hong Kong rewards platform Bloom teams up with three microinsurers
Users can now access services from ZA Insure Select, YA Microinsurance, and Avo Insurance.
Tung Chung Line Extension gets greenlight
It is expected to be completed in 2029.
Greater Bay Area SMEs show ‘strong appetite’ for financial services
Many SMEs are underbanked, Bain & Company found.
HK pushes for stronger trade relations with Vietnam
Vietnam is the city’s seventh-largest trading partner.
Hong Kong, China to review adjustment in number of travellers at BCPs
The total daily number of travellers allowed to Mainland is 50,000.
Gov’t wants to remove South Korea’s ‘unreasonable’ travel rule
The restriction limits Hong Kong flights to land at Incheon International Airport.
HK raises minimum wage to $40 per hour
The previous wage was $37.5.
Lands Department rejects all tenders for Stanley site
The site received four tenders.
6 in 10 SMEs plan to invest over 15% of their revenue within GBA: survey
Enterprises are highly optimistic about GBA’s economic growth potential.
How long will it take for the primary market to digest piled-up new housing supply?
There are 79,000 new homes available in the city.
Residential rents dip in Q4 2022 due to weak volume
Luxury apartments rent in Hong Kong Island was down by 3.1% QoQ.
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