News

Joblessness in HK down 4.7% from April to June

The count of unemployed people went down by 12,800.

HKEX appoints new chief strategy officer

Daniel Sonder will also become head of data business.

Hotel investments in HK swells 70.5% in H122

The market reported $3.9b (US$504m) total sales volume.

The Asian Export Awards 2022 is now accepting nominations

Submission of entries is open until 30 September 2022.

Hongkong Land’s emission reduction targets get SBTi approval

It is the fourth real estate company in Hong Kong that secured approval.

Grade A office rents to decrease by 2% due to new office supply

There could be 3.9 million square feet of new Grade A supply. 

Capital market recovery stays slow amidst Fed interest hike: Colliers

Total investment volume for the first half of 2022 was down by 15%.

89% of local investors want to invest in new assets

Most of them are interested in private equity.

Commercial properties investment volumes down 37.9% in H122

It posted $29.2b worth of investment in the first half of 2022.

Residential prices to drop 5% to 10% due to high mortgage rates

Capital values of luxury residential will decline by 0% to 5%.

Total AUM may still grow amidst rise in China’s wealth: PwC, AIMA

Between 2009 and 2020, China’s wealth rose twelvefold.

Yanlord’s Suhe Century project sold out with $5b pre-sales

The property's average selling price was $155,290 per sqm.

Fifth wave pushes back retail market in H122

Rents of high street shops and prime shopping centres dropped 9.8% and 4.8%, respectively.

Sun Life Hong Kong marks 130th anniversary with NFT launch

The exclusive NFT collection with a local artist.