News
Office rents break seven-quarter growth with 1% dip in Q3
Average rents in Central declined the first time since Q3 2014.
Office rents break seven-quarter growth with 1% dip in Q3
Average rents in Central declined the first time since Q3 2014.
Four mobile networks buy 5G spectrum for $1b
It will take effect on April 2020.
Majority of executives struggle to upskill staff for new tech: study
Globally, 78% of business leaders predict an uphill battle in training staff on new tech.
PMI sinks to eleven-year low in Q3
Hong Kong’s economy is contracting at an annual rate of just over 3% in Q3.
Hong Kong is the world's third most competitive economy
It topped macroeconomic stability, health, financial system and product market categories.
HKEX scraps $285.86b bid for London bourse
LSE’s board had unanimously rejected the proposal on 13 September.
Hong Kong faces third-greatest housing bubble risk globally: UBS
It remains the least affordable housing market amongst cities analysed.
Property sales down for fourth straight month in September
Sale and purchase agreements dropped to 4,090 transactions.
Greater Central office rents to fall by up to 8% in 2019
Only Hong Kong East defied the rental downturn in Q3.
August retail sales plunge in worst performance on record since 1998
Sales crashed 23% in August, worse than that recorded during the Asian Financial Crisis.
Approved mortgage loans dipped 2.8% to $45.3b
The number of mortgage applications also decreased by 26.5% MoM.
Nearly 2 in 5 fintech employees switched jobs over the year
Consequently, talent acquisition is a challenge for 2 in 3 fintech firms.
Government rejects all bids for Kai Tak site
This is the sixth tender exercise for government land sales to be cancelled since 2014.
Vacancy tax may hit luxury property market hard: JLL
Developers may favour building mass residential units over posh homes.
Mall rents slashed by up to 25%
Protests have hit Causeway Bay and Tsim Sha Tsui rents the hardest.
Kowloon office leasing demand weakens further in August
Monthly rent in Admiralty fell 9.4% to $105.5 psf.
Costs of completed buildings totalled $2.4b in July
Another 110,548 sqm of new buildings will be added to the supply pipeline.
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