Hong Kong homebuyers on Saturday flocked to a second round of sales at Sun Hung Kai Properties’ Cullinan Sky Phase 1, a residential project in Kai Tak, as interest rate cuts and improved stock market performances boost sentiment in the real estate sector. As of 4pm, Sun Hung Kai, Hong Kong’s largest developer by market…
Property deals in Hong Kong fell to a seven-month low in September as homebuyers and investors stayed on the sidelines awaiting the start of a policy easing cycle, analysts said. “Major developers have been preparing to launch projects to capture the pent up demand following the interest rate cut,” said Eddie Kwok, the executive director…
Online threats have surged in Hong Kong this year, with scams, phishing and malware among the most common attacks, a survey found, as a lack of cybersecurity awareness continues to plague the city. Forty-nine per cent of Hong Kong respondents have experienced online threats over the past 12 months, compared with 40 per cent in…
The Hong Kong government’s latest offering of HK$50 billion (US$6.4 billion) in so-called Silver Bonds received a positive response as it opened for subscription on Monday, according to bank managers. The bonds, for buyers 60 years of age and above, proved popular as they offer guaranteed returns of 4 per cent per year while allowing…
Hong Kong saw the most number of new flats sold on a single day since May on Saturday, with agents predicting sales of 200 units on improving sentiment following a half-point interest rate cut by the Hong Kong Monetary Authority (HKMA). Sun Hung Kai Properties (SHKP) sold 112 units, or 93 per cent, of the…
The Hong Kong Monetary Authority (HKMA) has this week fired the starting gun on a second phase of digital currency tests as its pilot programme evolves into a ‘more comprehensive exploration of the digital money ecosystem’. Eleven groups of firms from various sectors have been selected to explore innovative use cases for a potential e-Hong…
With more courage (or naivety) than fear, I left a well-paid job 16 years ago to found my design practice. Since then, work has never been just a job with regular hours. From a lone warrior in the beginning to a team of 10 at our peak, the struggle never ended. The company has always…
The Hong Kong Monetary Authority cut its base interest rate for the first time since 2020 after the Federal Reserve eased policy, in a move that should help loosen borrowing conditions in the financial hub. The HKMA lowered rates by a half percentage point to 5.25% Thursday from the highest level since 2007. The authority…