Three of Hong Kong’s biggest developers – Sun Hung Kai Properties (SHKP), CK Asset Holdings and Henderson Land – are expected to dominate the housing market, as homebuyers increasingly prefer smaller flats amid economic jitters, according to JLL. The trio were set to deliver 60 per cent of new residential units in 2025 and 2026,…
The number of licensed restaurants in Hong Kong has dropped year on year for the first time in six years, a Post analysis has found, with experts attributing the decline partly to locals travelling to mainland China and tourists preferring lighter food options such as street snacks. According to data from the Food and Environmental…
The number of licensed restaurants in Hong Kong has dropped year on year for the first time in six years, a Post analysis has found, with experts attributing the decline partly to locals travelling to mainland China and tourists preferring lighter food options such as street snacks. According to data from the Food and Environmental…
Mike Cai Wensheng, the co-founder and chairman of Chinese selfie app Meitu, bought a 53,000 square foot commercial building in Hong Kong for HK$650 million (US$84 million), with plans to turn the property into an incubation hub for start-ups. “It is a personal investment and entrepreneurial initiative, and I plan to engage in more collaborations…
And with additional headwinds expected in 2025, they said, brands with international appeal or unique selling points are driving new demand for retail space in the city. “The survival of the fittest will continue in the retail market,” said Cathie Chung, senior director of retail at JLL. “The fierce regional and local competition and the…