Retail rents in Hong Kong are expected to remain under pressure, as the trend of residents travelling to the mainland for leisure has led many businesses to opt for short-term leases, experts have said after the vacancy rate in the city’s busiest districts hit a 4½-year high. Analysts on Monday also attributed the mounting vacancies…
Retail rents in Hong Kong are expected to remain under pressure, as the trend of residents travelling to the mainland for leisure has led many businesses to opt for short-term leases, experts have said after the vacancy rate in the city’s busiest districts hit a 4½-year high. Analysts on Monday also attributed the mounting vacancies…
Hong Kong’s move to repurpose excess office and hotel spaces to meet the growing housing needs of non-local students will not hurt the city’s tourism capacity, a senior official has said, while experts has warned of possible hurdles. Doris Ho Pui-ling, permanent secretary for development in planning and lands, said on Monday that allowing hotels…
Hong Kong authorities should appeal against the “light” penalties imposed on two property owners for erecting illegal structures at their luxury Redhill Peninsula homes, experts have said, warning that the fines are not hefty enough to deter offenders. The specialists weighed in after the two property owners were told to pay more than HK$110,000 (US$14,015)…
Mainland Chinese student Corner Zhang, 18, is searching for a place to stay for his second year at a university in Hong Kong after his application for campus housing was rejected. He had a shared dormitory room for his first year, but publicly funded Baptist University in Kowloon Tong has not assured him of accommodation…
Mainland Chinese student Corner Zhang, 18, is searching for a place to stay for his second year at a university in Hong Kong after his application for campus housing was rejected. He had a shared dormitory room for his first year, but publicly funded Baptist University in Kowloon Tong has not assured him of accommodation…
Hong Kong should reassess its demand for land, taking into consideration structural economic changes and the government’s operating budget deficit, a leading finance policy adviser and a veteran surveyor said as the city leader dismissed his predecessor’s concerns about oversupply. Professor Liu Pak-wai, a director at the Hong Kong Institute of Monetary Research under the…
Hong Kong should reassess its demand for land, taking into consideration structural economic changes and the government’s operating budget deficit, a leading finance policy adviser and a veteran surveyor said as the city leader dismissed his predecessor’s concerns about oversupply. Professor Liu Pak-wai, a director at the Hong Kong Institute of Monetary Research under the…
Hongkongers under the age of 40 will be given an easier path to buy a subsidised home in the policy address to be unveiled on Wednesday, amid mounting concern about the city’s youth “lying flat” in a bid to get their own living space. Improving residents’ living conditions is expected to be a major focus…