New homes that Hong Kong developers will launch in the coming days and weeks will serve as a crucial test of the impact of Beijing’s latest capital-control measures, amid signs of recovery in the city’s residential property market. “Seemingly, a number of developers have turned more cautious in launching primary projects of late,” said Jack…
Hong Kong’s MTR Corporation has unveiled its first wheelset maintenance centre, set to open in the coming months, cutting the time for the labour-intensive process from more than three days to 10 hours. The rail giant said on Thursday that the new HK$300 million (US$38.3 million) Integrated Wheelset Maintenance Centre, located at the Ho Man…
Hong Kong railway experts have called for heavier penalties and increased publicity to prevent the misuse of emergency exits on trains after a recent intrusion incident on the MTR East Rail line track that caused more than two hours of disruption during evening rush hour. The experts also cast doubt on a lawmaker’s proposal to…
Hong Kong rail giant the MTR Corporation has secured a landmark HK$30 billion (US$3.86 million) seven-year syndicated green term loan with the support of 57 banks worldwide, the company has said. The loan is the largest unsecured international syndicated green term loan in Asia, the Middle East, and North Africa ever closed by a Hong…