Apple Fellow Phil Schiller, the executive in charge of leading the App Store, testified in court on Monday that he had originally raised concerns about the 27% commission the iPhone maker planned to charge app developers on any purchases made outside the App Store. In addition to being a potential compliance risk, he suggested that…
Hong Kong developers will continue to price their swollen inventory of new flats at discount prices to attract buyers in 2025 as hopes of lower interest rates fade and concerns grow about a liquidity crunch among builders. “Expecting interest rate cuts to support the property market is unlikely for this year,” said Chau Kwong-wing, chair…
Hong Kong’s finance chief has vowed to press on with the Northern Metropolis megaproject by issuing bonds to fund the plan, insisting that the policy is a step in the right direction for the city’s long-term development despite a looming budget deficit. Financial Secretary Paul Chan Mo-po also said that the development of the scheme…
Hong Kong’s finance chief has vowed to press on with the Northern Metropolis megaproject by issuing bonds to fund the plan, insisting that the policy is a step in the right direction for the city’s long-term development, despite a looming budget deficit. Financial Secretary Paul Chan Mo-po also said that the development of the scheme…
(Bloomberg) — Distressed property sales in Hong Kong are beginning to bite banks that used to be well protected against loan losses. Most Read from Bloomberg The city’s commercial real estate sector is going through one of its worst slumps in history, with no end in sight. Average prices of office buildings, shopping malls and…
Jan 24, 2025 In a bid to secure the only residential land plot made available last quarter, six prominent Hong Kong developers have submitted their proposals, competing under the shadow of economic uncertainty and soaring interest rates. South China Morning Post reports the plot, situated in the New Territories, drew bids from major players including…
Profit will determine whether a high-profile pledge of support by business heavyweights for Hong Kong’s Northern Metropolis megaproject near the mainland China border will result in investment, according to economists and a developers’ representative. Some also said the pledge was only a gesture not to offend Beijing and the Hong Kong government. Stewart Leung Chi-kin,…
play.google.com, google.com, mozilla.org, microsoft.com Let me tell you a secret: I’m all about staying tech-ahead and not trailing behind, so I’m constantly tapping into apps, programs, hardware and more before they’re released to the public. You can do the same thing in one way, even if you’re not a Digital Goddess®. Today, if you’re up for…
HONG KONG — Hong Kong real estate companies are selling apartments at a loss as they scramble to clear housing inventories, seeking capital to prepare for the market to start recovering from a yearslong slump. One batch of apartments in Sun Hung Kai Properties’ 906-unit Cullinan Sky sold out immediately the day they went on…
To buy or to rent – that has become a big question for locals as well as new arrivals to Hong Kong. Rents are set to shoot past the previous peak in August 2019. Robust demand comes from newly arrived residents, and potential buyers waiting for interest rates to drop are sitting on the sidelines….