Emperor’s financial struggle mirrors the current state of Hong Kong’s property sector

Emperor’s financial struggle mirrors the current state of Hong Kong’s property sector

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…

Read More
Hundreds of mainland visitors enjoy July 1 celebrations and deals in Hong Kong

Hundreds of mainland visitors enjoy July 1 celebrations and deals in Hong Kong

Hundreds of mainland Chinese visitors have made the most of Hong Kong’s holiday marking the city’s handover by flocking to popular tourist sites and enjoying discounts, free museum visits, ferry and tram rides, and cheap tickets at several major attractions. Undeterred by the cloudy and rainy weather on Tuesday, they gathered at popular locations across…

Read More