McDonald’s has sold another Hong Kong retail property for HK$118.7 million (US$15.2 million), bringing the proceeds from its ongoing asset disposal programme to about HK$490 million, as well-capitalised investors continue to snap up prime real estate. The 10,000 sq ft-plus property at 46-47 Yee Wo Street in Causeway Bay was sold to Evergreen Capital Partners….
McDonald’s has sold another Hong Kong retail property for HK$118.7 million (US$15.2 million), bringing the proceeds from its ongoing asset disposal programme to about HK$490 million, as well-capitalised investors continue to snap up prime real estate. The 10,000 sq ft-plus property at 46-47 Yee Wo Street in Causeway Bay was sold to Evergreen Capital Partners….
Hong Kong welcomed nearly 660,000 mainland visitors over the New Year countdown and the following three-day holiday in China, a 72 per cent increase from the same period a year ago. Sector representatives said the surge boosted hotel businesses but brought limited benefits for retailers. Data released by the Immigration Department on Sunday showed 659,090…
People are flocking to a new boardwalk extension described as the “final piece of the puzzle” linking Hong Kong Island’s 13km (8-mile) promenade, marking the end of 16 years of planning and construction. A glass observatory deck was among the features of the new 1.1km North Point extension that drew the most attention on Monday,…
Hong Kong Island’s 13km (8-mile) promenade will be fully connected after 16 years of planning and construction, with the last section of the boardwalk in North Point to open to the public on Monday. The Development Bureau said on Sunday that the eastern section of the East Coast Boardwalk, spanning 1.1km from the North Point…
Hong Kong will provide more chargers compatible with Chinese electric vehicles, the transport chief has said, as the first batch of cars from Guangdong province enters the city’s urban areas under a new scheme. Secretary for Transport and Logistics Mable Chan said on Tuesday that nearly 100 mainland Chinese cars entered Hong Kong on the…
Christine Fong Kwok-shan, a long-time district councillor in Hong Kong known for defending constituents’ rights with fiery and sometimes controversial political acts, has pledged to abandon her past protest methods, now that she has been elected as a lawmaker. The city’s new “Queen of Votes” in the Legislative Council election, who previously positioned herself as…
McDonald’s sold a property in Kowloon for HK$72.4 million (US$9.3 million), as the Chicago-based fast-food giant reached HK$333 million in proceeds at the halfway point in a campaign to dispose of eight Hong Kong retail properties. A company called Mega Champ bought the property in the Tai Fong Building of Cosmopolitan Estate in Tai Kok…
A “highly dangerous” wartime bomb discovered in Hong Kong’s Quarry Bay on Friday was successfully disposed of after a nine-hour effort at around noon on Saturday. The defusing process, which started at 2am after evacuating some 6,000 residents from 18 buildings near the Pan Hoi Street construction site where the bomb was found, took longer…
A “highly dangerous” wartime bomb discovered in Quarry Bay on Friday is expected to be cleared by 2pm on Saturday, the Post has learned. A source familiar with the matter told the Post that officers from the Explosive Ordnance Disposal Bureau said the defusing process was still ongoing at 8.42am on Saturday. “The bomb’s shell…