City University of Hong Kong has bought an office property in Kowloon for HK$1.96 billion (US$252 million), joining a growing list of educational institutions buying office assets amid depressed prices as the city’s office market shows early signs of stabilising. CityU Limited, a wholly owned subsidiary of the university, acquired the low-rise office block at…
A luxury flat in Hong Kong’s Kowloon Tong district is one of the latest to have found a buyer amid a rosier outlook for the city’s residential property market. The HK$225 million (US$28.9 million) property in Tower 6 of Mont Verra was bought by Elbe Rhein Investment on December 12 and the transaction was registered…
A luxury flat in Hong Kong’s Kowloon Tong district is one of the latest to have found a buyer amid a rosier outlook for the city’s residential property market. The HK$225 million (US$28.9 million) property in Tower 6 of Mont Verra was bought by Elbe Rhein Investment on December 12 and the transaction was registered…
A power outage briefly left Hong Kong’s Kowloon City, a densely populated neighbourhood, in darkness on Thursday, with traffic lights malfunctioning, people trapped in lifts and about 5,000 households affected. Police said they received a report at 4.18pm that people were trapped in a lift at Kowloon City Plaza and that the shopping centre was…
A top executive of a multinational logistics group has bought a luxury flat in Hong Kong’s Mid-Levels West for HK$132 million (US$16.9 million), adding to a growing list of wealthy buyers acquiring high-end homes as prices soften. Cherry Hill Investment, an entity linked to Arnold Lee, acquired the 2,772 sq ft, four-bedroom apartment at The…
Hundreds of children whose school near the scene of Hong Kong’s deadly blaze that has been temporarily closed are finding their classes at two university campuses to be an eye-opening experience, educators have said, with some pupils planning on becoming vets or teachers. Tai Po Baptist Public School, located opposite Wang Fuk Court in Tai…
A Hong Kong salesman has been jailed for two years and three months for drugging three female colleagues in his home, with the sentencing judge slamming him for inflicting serious psychological damage on his victims. The District Court on Tuesday sentenced 44-year-old Jamie Poon Tik-wai on three counts of administering a poison with intent to…
A US-based church suing Hong Kong International School (HKIS) for allegedly breaching an operating agreement sold three properties in the city for a combined US$22 million in 2019 to pay debts, according to its official media platform. The move prompted Hong Kong’s Lutheran church to suspend its partnership with the Lutheran Church-Missouri Synod (LCMS) that…
Hong Kong recorded a billion-dollar home sale this week, another sign that ultra-wealthy customers are continuing to find choice assets even amid the city’s property slump. A mansion at 1 Gough Hill Road on The Peak on Hong Kong Island, refurbished from an old guest house used in the 1990s by the Bank of China,…
The performance of local students in Hong Kong’s university entrance exams has not been affected by an influx of private candidates, authorities have said, even though the number of mainland Chinese participants has grown substantially and includes some whose eligibility has been questioned. The Hong Kong Examinations and Assessment Authority’s defence coincides with calls from…