The Law Society of Hong Kong has bought an entire floor of offices in what was formerly the world’s most expensive tower at a 50 per cent discount, the latest among astute investors who are picking up property in the city at bargain prices. The Law Society paid HK$345 million (US$44 million), or HK$14,000 per…
Earlier this year, Hong Kong launched its first fully electric ferry. In June, jurisdictions within the Greater Bay Area development zone marked a national event for the environment. Against this backdrop, a quiet but important shift is under way. Policymakers in the Greater Bay Area are no longer just thinking about sustainability; they are setting…
Earlier this year, Hong Kong launched its first fully electric ferry. In June, jurisdictions within the Greater Bay Area development zone marked a national event for the environment. Against this backdrop, a quiet but important shift is under way. Policymakers in the Greater Bay Area are no longer just thinking about sustainability; they are setting…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. Hong Kong is experiencing its first No 10 hurricane signal in two years with Typhoon Wipha expected to skirt the city at…
Hong Kong’s cash-strapped Urban Renewal Authority (URA) may review its policy to reduce compensation to residents affected by redevelopments, its new chief has said, as the organisation faces financial challenges. URA managing director Donald Choi Wun-hing said on Friday in his first meeting with the media that it was an appropriate time to review the…
Hong Kong police have arrested a couple on suspicion of trying to use about 10 fake HK$500 million (US$63.7 million) bonds to open an account at an HSBC branch in Central. Police said on Monday that the 66-year-old man and 62-year-old woman, both Hongkongers, were arrested for using a false instrument for allegedly presenting the…
A Chinese restaurant in Hong Kong known for serving dim sum from traditional trolleys will close down at the end of September after being in business for 35 years, joining a slew of eateries that have folded in the city in recent months. A staff member of Metropol Restaurant, located at United Centre in Admiralty,…
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…