Companies in Hong Kong moved swiftly on Monday to take advantage of a new Swap Connect rule that lets them hedge using China’s onshore loan prime rate (LPR), as demand rises to manage yuan interest-rate risks. The measure, which was introduced by mainland China and Hong Kong regulators in May and went live on Monday,…
A “highly dangerous” wartime bomb discovered in Hong Kong’s Quarry Bay on Friday was successfully disposed of after a nine-hour effort at around noon on Saturday. The defusing process, which started at 2am after evacuating some 6,000 residents from 18 buildings near the Pan Hoi Street construction site where the bomb was found, took longer…
A “highly dangerous” wartime bomb discovered in Quarry Bay on Friday is expected to be cleared by 2pm on Saturday, the Post has learned. A source familiar with the matter told the Post that officers from the Explosive Ordnance Disposal Bureau said the defusing process was still ongoing at 8.42am on Saturday. “The bomb’s shell…
Francis Yuen Tin-fan, former CEO of Hong Kong’s stock exchange operator, and his wife spent HK$46.5 million (US$5.92 million) on a luxury flat in Kai Tak, adding to a string of transactions that they have made in the city over the past decade. Yuen and Rose Lee Wai-mun bought a 1,298 sq ft four-bedroom unit…
A former chairman of Hong Kong’s Hospital Authority, a media mogul and a business leader have been awarded the city’s highest honour this year, while Olympic gold medal fencer Vivian Kong Man-wai was also recognised for her sporting achievements. Two Hongkongers who helped save residents from a deadly fire were also among the 427 individuals…
Henderson Land Development, one of Hong Kong’s largest developers, has leased a 223,437 sq ft space in its prized mixed-use project in Central to Jane Street Asia in one of the largest leasing transactions in the city’s main business district in decades. The rent for the space, across six floors in New Central Harbourfront, will…
The recent property downturn has paradoxically increased the market dominance of Hong Kong’s three biggest developers. An estimated 60 per cent of new residential units this year and next will be delivered by Sun Hung Kai Properties (SHKP), CK Asset Holdings and Henderson Land, up from 40 per cent in the past two years. Meanwhile,…
Three of Hong Kong’s biggest developers – Sun Hung Kai Properties (SHKP), CK Asset Holdings and Henderson Land – are expected to dominate the housing market, as homebuyers increasingly prefer smaller flats amid economic jitters, according to JLL. The trio were set to deliver 60 per cent of new residential units in 2025 and 2026,…
Lee Shau Kee, founder of Henderson Land Development, passed away on March 17, 2025. Paul Yeung/Bloomberg Lee Shau Kee, the self-made billionaire who built one of Hong Kong’s largest property empires, died on Monday. He was 97. Lee’s company, Henderson Land Development, announced he passed away peacefully, surrounded by his family. Lee founded Henderson Land…
Monday, March 17, 2025 The business travel industry is witnessing a transformation as The Henderson, a super Grade-A commercial building in Hong Kong, sets a new benchmark for hospitality-inspired workspaces. Developed by Henderson Land Group, this landmark in the Central Business District (CBD) has become the first commercial building in the Asia-Pacific region to receive…