Hong Kong’s average waiting time for a public rental flat rose to 5.6 years as of December, marking an increase for three consecutive quarters, as the Housing Bureau attributed the increase to high demand for flats in urban areas. According to figures announced on Thursday, the latest average waiting time for general applicants – family…
NEWYou can now listen to Fox News articles! Sworn in at midnight and again hours later publicly, New York City Mayor Zohran Mamdani used his first day in office Thursday to hit the ground running with new executive orders targeting city landlords and housing development. And he said the city will take what he called…
This month’s Legislative Council election once again put Hong Kong’s political participation in the spotlight. Despite official calls for civic engagement and a modest improvement over the previous election, voter turnout remained historically low. Among younger voters in particular, a sense of distance from institutional politics was palpable. This was not simply a matter of…
The farmhouse would be converted into two new homes, with a barn converted into a third home and a row of garages demolished to make way for a fourth Joe Griffin, Local Democracy Reporter 05:00, 03 Dec 2025 18 Church Street, Stanground garages and barn(Image: Local Democracy Reporting Service) Plans to redevelop a 17th century…
The impact of President Donald Trump‘s tariffs continues to rip through the logistics and transportation sectors, with major ports experiencing a steep drop in imports after records were set earlier this year, and volumes throughout the supply chain rolling over. For the first time in 2025, rates for van, flatbed, and refrigerated loads in October…
During the pandemic, home buyers got accustomed to sub-3% mortgage rates, which made purchasing a house feel more achievable. But in the past couple of years, buyers have had no such luck. In late 2023, mortgage rates peaked at 8%. They’ve let up some, today’s 30-year fixed mortgage rate is 6.19%, according to Mortgage News…
A new residential complex under construction in Hangzhou, Zhejiang Province, China on October 20, 2025. Cfoto | Future Publishing | Getty Images BEIJING — Chinese policymakers are unlikely to shore up the country’s struggling real estate sector, analysts told CNBC, even as the housing slump drags on economic growth. The assessment comes as China’s top…
This is Tom Jia. He’s a 28-year-old lifestyle influencer who calls himself a — Tangping, or “lying flat:” It’s a fast-growing lifestyle, rejecting social pressures to overwork and pursue material success. In China, young people face intense pressure to work grueling hours, buy a house and get married. Some are quietly rebelling and choosing to…
New tariffs on imported wood and certain wood products took effect on Tuesday. Softwood timber and lumber are now subject to 10% tariffs under a proclamation signed by President Donald Trump last month. Trump also imposed 25% import taxes on upholstered furniture, kitchen cabinets, and bathroom vanities. Those rates are slated to increase again on…
A 119-year-old apartment complex in the Ghent neighborhood of Norfolk has a new owner who plans to elevate the property while keeping its historic charm. Lightwell Development, a New York City-based real estate development firm focused on historic tax credit renovation work, bought Pelham Place at 521 Boissevain Ave. in September for $9.15 million. The…