Hong Kong is facing a commercial real estate crisis, with small and medium-sized developers as well as banks under increasing pressure as capital values slide amid lethargic leasing activity, according to JLL. The capital value of commercial property was set to drop by “a further 5 to 10 per cent” this year, said Joseph Tsang,…
The average cost of an electric vehicle (EV) licence in Hong Kong could increase by more than 500 per cent over the next five years, authorities have said, adding that they will raise the tolls at two tunnels by 60 per cent amid a significant budget deficit. The proposed measures announced by the Transport and…
Lawmakers have criticised the government’s reluctance to introduce women-only areas on trains and buses in Hong Kong, questioning why they are not given the same privileges as those offered under a special travel scheme made for pets. Secretary for Security Chris Tang Ping-keung dismissed the idea of establishing designated zones for men and women on…
Hong Kong’s residential property market recovery is gaining traction, with transactions of lower-priced homes rising sharply on the back of improved sentiment and recent government tax relief measures. From March to May, 3,780 residential properties priced between HK$3 million (US$382,000) and HK$4 million were sold, a 73 per cent increase from the same period last…
The GENAI Summit Hong Kong is designed to foster collaboration and knowledge-sharing, offering a dynamic platform for attendees to dive into the practical applications of GenAI in industries such as finance, healthcare, marketing, education, and entertainment. With an expected attendance of over 500+ participants and representatives from leading gen AI tech companies, the event promises…
‘Nudging’ is the gentle way of pushing you towards making good choices; think of your nice parents. ‘Sludging’ is the opposite, designed to encourage you to make bad or at least suboptimal decisions; picture the car/insurance/mobile phone/real estate salesmen. They are terms in pop psychology borrowed from behavioural and cognitive sciences. Some governments such as…
Hong Kong authorities have provided temporary tanks and vowed to improve the pipes for thousands of households in Sai Wan Ho after bitumen particles were found in water supply samples, according to a lawmaker and the management of a housing estate. Lawmaker Edward Leung Hei said on Wednesday that he had also received complaints about…
Hong Kong’s residential property market recovery is gaining traction, with transactions of lower-priced homes rising sharply on the back of improved sentiment and recent government tax relief measures. From March to May, 3,780 residential properties priced between HK$3 million (US$382,000) and HK$4 million were sold, a 73 per cent increase from the same period last…
Hong Kong’s labour minister has dropped the biggest hint yet that authorities intend to scrap a proposal to raise the tax deduction amount for employers’ voluntary pension contributions to older workers, a plan for encouraging greater workforce participation. Secretary for Labour and Welfare Chris Sun Yuk-han said on Wednesday that a government working group on…
A waiter has become the latest person charged under the national security law, with prosecutors accusing him of inciting others to overthrow Beijing and the Hong Kong government in a series of social media posts. Chan Ho-hin, 22, on Wednesday saw his original sedition charge upgraded to one of inciting subversion after West Kowloon Court…