As Hong Kong moves forward with its huge new Northern Metropolis development zone, analysts argue the government should take a cautious approach to land sales to help sustain the recent recovery in the residential property market. The large-scale project near the border with the Chinese mainland continues to progress, as the government set a tender…
Hong Kong’s lived-in home prices rose 1.4 per cent in March, bringing the first-quarter increase to an accelerated pace of 4.4 per cent, according to the latest official data, indicating the property market’s resilience despite uncertainties brought about by the US-Israel war on Iran. The monthly increase was slower than February’s 1.8 per cent, but…
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…