On a typical weekday in Hong Kong, as a typhoon loomed, customers braved the rain outside a Bakehouse branch in Causeway Bay, waiting to enter the social-media viral bakery, known for its sourdough egg tarts, artisanal breads and fresh pastries. It was a stark contrast to just weeks earlier in June, when Hong Kong’s four-decade-old,…
While the hurricane-force winds and torrential rains of Typhoon Wipha battered Hong Kong on Sunday, some continued to work, and many restaurants remained open, supported by limited rail services. Among the restaurants that operated as usual was Chung Kee congee shop in Whampoa, as the operator said it did not expect the typhoon would escalate…
Eateries specialising in what were once known as “poor man’s meals” and which typically operated in Hong Kong’s lower-income neighbourhoods are now bucking the local trend of closing restaurants, with many chains now expanding across the city. One expansive player is Kuen Fat Kitchen, which recently came under the spotlight for spending HK$180,000 (US$22,900) a…
Hong Kong customs has seized counterfeit Chinese proprietary medicine and other items worth HK$1.1 million (US$140,127) in raids on four shops in commercial districts, and arrested a company director and four staff members. The Customs and Excise Department said on Thursday the counterfeit medicines included Angong Niuhuang pills and Ricqles Peppermint Cure, as well as…
Retail rents in Hong Kong are expected to remain under pressure, as the trend of residents travelling to the mainland for leisure has led many businesses to opt for short-term leases, experts have said after the vacancy rate in the city’s busiest districts hit a 4½-year high. Analysts on Monday also attributed the mounting vacancies…
Retail rents in Hong Kong are expected to remain under pressure, as the trend of residents travelling to the mainland for leisure has led many businesses to opt for short-term leases, experts have said after the vacancy rate in the city’s busiest districts hit a 4½-year high. Analysts on Monday also attributed the mounting vacancies…
The decline in Hong Kong’s office rents slowed in the second quarter amid rising leasing demand from finance and law firms, but analysts cautioned this trend was unlikely to substantially benefit landlords as prices are yet to recover. Overall grade A office rents fell 1 per cent quarter on quarter compared with steeper declines in…
Two of Hong Kong’s largest fast-food chains, Cafe de Coral and Fairwood, both suffered a near 30 per cent drop in profits last year, with experts attributing their struggles during the economic downturn to ageing diners and intense competition from delivery platforms. The two companies were considered resilient players during previous downturns caused by global…
A 41-year-old man was found dead on the balcony of a Hong Kong building in the aftermath of a fire in Sham Shui Po, police have revealed. The Post learned that the deceased was a camera crew member of free-to-air broadcaster TVB’s news department, and has reached out to TVB for comment. A force spokesman…
Just over five years ago, residential and commercial real estate prices and rents were hitting record highs. Developers reported robust earnings and had access to cheap financing, boosting their confidence – and that of investors – to spend more on new projects or acquire existing income-generating properties. But this golden era ended abruptly. Social unrest…