News
Two sites for sale via public tender
Tender invitations for both lots start on 13 January.
Hong Kong’s ZA Bank unveils short-term savings plan with up to 5.25% p.a. return
It has an 18 month lock-in period and offers a 0.65% discount for a limited time.
Property sales drop nearly 40% in 2022
The Land Registry received only 59,619 sale and purchase agreements.
Hong Kong rolls out HKeToll
The new system will be launched gradually this year.
Hong Kong retail market momentum depends on full border reopening
Retail sales for the first nine months slightly dipped by 1.3% YoY.
Analyst wary for Hong Kong’s commercial real estate market recovery
Interest rate hikes and higher costs of capital can make the market go over the edge.
Seasons greetings: Hong Kong Business will rest for the holidays
The Hong Kong Business team will return on 9 January 2023.
Hang Seng Bank raises prime rate to 5.625%
The bank will also be raising its savings rate by 0.625% per annum.
Residential prices to drop by 0%-5% in 2023
Year-to-date prices have declined by 10%.
Industrial production index drops by 0.6%
Textiles, wearing apparel, metal, and computer industries saw decreases in output volume.
Hong Kong’s gross national income inches up by 0.3% in Q3
The city’s GDP meanwhile dipped by 0.2%.
Exports to grow 5% in 2023: HKTDC
In 2022, exports declined by 6%.
International auction house to open exhibition space in Hongkong Land’s central portfolio
Sotheby’s will cover nearly 24,000 square feet in Landmark Chater.
HKMA raises its base rate to 4.75%
The new rate took effect on 15 December.
HSBC to stop funding new oil and gas projects: report
They will continue to finance energy companies at a corporate level to help them transition.
Gov’t axes contact tracing mandate in establishments
The Vaccine Pass arrangement, however, will remain in force.
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