Hong Kong’s sales of luxury homes more than doubled in the first quarter from a year earlier, helped by a buoyant stock market and attractively priced assets that drew the attention of wealthy investors including mainland Chinese buyers, according to analysts. The segment was likely to record another increase in the second quarter, they added….
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…
Nine residential sites will be offered to developers in the coming financial year to provide about 6,650 flats under a Hong Kong land sale programme, after authorities highlighted the property market had stabilised in the latest budget. Combined with other land sources, such as urban redevelopment, private development and projects linked to railway properties, the…
Thousands of households across three Hong Kong estates suffered a water disruption on the first day of Lunar New Year, with further repair work in Sau Mau Ping still underway on Wednesday evening. A freshwater pipe serving the lower levels of Hei Wah House, Lok Wah South Estate in Sau Mau Ping, burst at 8pm…
This article was originally published on December 2, 2000 By Felix Chan Warning for MPF-dodging bosses Employers were warned on Friday (December 1, 2000), the day the Mandatory Provident Fund (MPF) was launched, that they could not escape paying their fair share. Only about 135,000 employers, 54 per cent of those required to do so,…
Hong Kong is gradually returning to normality after Super Typhoon Ragasa paralysed the city for nearly two days, with authorities racing to clear 1,200 toppled trees and a backlog of 1,000 flights that affected 140,000 passengers. The deadly super typhoon, which triggered the highest-level No 10 hurricane warning for nearly 11 hours, edged as close…
Hong Kong lawmakers are calling for the expansion of pilot schemes to identify and support elderly residents living alone or with a spouse in ageing districts, following two recent cases in which skeletal remains were found in public flats in Kwai Tsing. Some legislators on Thursday highlighted existing gaps in the city’s social safety net…
David Wraight, managing director at Morgan Stanley, has bought two luxury residential units in Hong Kong for HK$147.3 million (US$18.8 million), joining a growing cadre of global financiers on the hunt for high-value properties at reduced rates. The two flats in the first phase of Deep Water Pavilia in Wong Chuk Hang, developed by New…
David Wraight, managing director at Morgan Stanley, has bought two luxury residential units in Hong Kong for HK$147.3 million (US$18.8 million), joining a growing cadre of global financiers on the hunt for high-value properties at reduced rates. The two flats in the first phase of Deep Water Pavilia in Wong Chuk Hang, developed by New…
Wispy spiralling clouds painted in hues of orange, yellow, green and blue hovered in the skies above Hong Kong last week, a rare sight that only occurs when the sun is at a high angle. The Hong Kong Observatory shared the video of the “fire rainbow” on Monday, a meteorological phenomenon so named because it…