News
Commercial property sales volume fell 70% in Q2
This comes as economic recession and local political turmoil weighed on buyers’ decisions.
Commercial property sales volume fell 70% in Q2
This comes as economic recession and local political turmoil weighed on buyers’ decisions.
Total exports down 5.6% in April and May
Warehouse vacancy continued to increase to 3.3% in Q2.
Hong Kong rolls out $1.02b convention and exhibition subsidy scheme
This is in light of the gradual resumption of C&E activities in mid- and late July.
Commercial property investments plunged 71% in H1
This marks the lowest for a six-month period since 2009.
HKMA sells $8.14b into market as currency hits strong end of trading band: report
The aggregate balance will increase to $146.93b ($18.96b) on 9 July.
Tsim Sha Tsui overtakes Causeway Bay as priciest retail district
The district’s diverse trade mix lends it to more sustainable rents.
Lands Department issues seven pre-sale consents in Q2
Four of these are phased developments, making up 818 residential units.
Foreign firms give up office spaces in Hong Kong
Foreign companies make up 61% of the total surrender of office stock in Q2.
Employment Support Scheme to disburse fifth batch of wage subsidies
This batch will receive an average wage subsidy of about $460,000.
Tech giants' China face-off risks sparking exodus from Hong Kong
Firms such as Microsoft and Zoom suspended data requests from the local government.
Structural changes underway for Hong Kong's retail sector
Landlords are still reluctant to substantially cut rents.
Hong Kong ranks 15 in real estate transparency index
The city could elevate to ‘highly transparent’ if its sustainability transparency improves.
Property sale and purchase deals down 24.7% in H1
The total consideration for these agreements also dipped 8.8% to $269.02b.
Cathay Pacific considers drier storage options for unused planes
It is examining plans to store more than 50 widebody aircraft out of 236 planes outside Hong Kong.
Hong Kong ranked as sixth priciest market for expats globally
Prices dropped amidst a double whammy of the political unrest and the pandemic.
6 out of 10 workers feel inadequately skilled for the future: survey
Almost half believe that their employers will re-skill and find them another position.
Hong Kong's IPO market reached $87.5b in H1 2020
This is a 22% increase from the same period in 2019.
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