Competition is intensifying in Hong Kong’s new residential property market as improved sentiment and declining mortgage rates have prompted developers to offer attractive prices to entice buyers. Homebuyers snapped up just 58 of the 100 flats on offer on the first day of sales at Uni Residence in Tai Wai, agents said. Five out of…
Competition is intensifying in Hong Kong’s new residential property market as improved sentiment and declining mortgage rates have prompted developers to offer attractive prices to entice buyers. Homebuyers snapped up just 58 of the 100 flats on offer on the first day of sales at Uni Residence in Tai Wai, agents said. Five out of…
Hong Kong can achieve “high-quality development” by leveraging its unique advantages and remaining open, the city’s finance chief has said, as he revealed that the local stock market has outperformed other major indexes so far this year. Writing on his weekly blog, Financial Secretary Paul Chan Mo-po also said that despite worries about the impact…
Hong Kong’s cash-strapped Urban Renewal Authority (URA) has frozen the salaries of its 700 staff for the second time in four years, following an earlier decision by the government to pause pay rises for civil servants. The authority confirmed to the Post on Sunday that it had made the decision after reviewing employee salaries, a…
Hong Kong’s economy expanded by 3.1 per cent year on year in the first quarter of 2025, according to advance government estimates. Figures released by the Census and Statistics Department on Friday showed gross domestic product (GDP) increased by an estimated 3.1 per cent in real terms in the first three months. A government spokesman…