Fees charged by Hong Kong’s Mandatory Provident Fund have dropped by 36 per cent since the launch of its centralised digital platform last year, with more than 2.7 million members and 70,000 employers to be managed under the new system by August, the scheme’s chief has said. But Mandatory Provident Fund Authority chairwoman Ayesha Macpherson…
More than 100 film lovers bid an emotional farewell to one of Hong Kong’s oldest cinemas on Sunday, with many taking the last chance to take selfies as a final memento. Dozens gathered at the iconic back entrance stairwell of the Golden Harvest Grand Ocean Cinema in Tsim Sha Tsui, snapping photos of the theatre’s…
A consortium of developers, led by New World Development (NWD), raked in HK$1.3 billion (US$166 million) from the sale of 24 luxury units in Hong Kong’s Southern district, as wealthy buyers take advantage of a market downturn to acquire prized assets. On Friday, a 1,706 sq ft, four-bedroom unit in Deep Water Pavilia, a 447-unit…
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…
The 56-year-old landmark Grand Ocean Cinema in Tsim Sha Tsui will lower its curtains for good on June 2 when the tenancy contract for its operator ends, marking the latest in a string of movie theatre closures in the city. Cinema chain operator Golden Harvest announced on Wednesday that the venue was shutting down, becoming…
The proposed transformation of an old Hong Kong neighbourhood into a world-class waterfront in the style of Australia’s Darling Harbour will require major cooperation among at least 11 government departments and agreement from private owners, officials have said. The 798-hectare (1,972-acre) project was announced by Urban Renewal Authority managing director Wai Chi-sing on Sunday, with…
An elderly woman was found on Hong Kong’s Kowloon Peak by a rescue team on Monday morning, a day after her family reported her missing. Police said the woman, aged 72, was discovered in a conscious state on the mountain, which is also known as Fei Ngo Shan. She was reported missing by her family…
Both transaction volume and home prices in Hong Kong’s secondary property market remain under pressure, as developers continue to launch new residential projects at low prices and homebuyers stay cautious amid uncertainties arising from US tariffs, market experts said. “The cluster of secondary residential projects that are being affected by the low pricing of new…
Hong Kong police have arrested a 78-year-old minibus driver after his vehicle struck and killed a 75-year-old pedestrian near a public housing estate in Ngau Tau Kok. The force said on Sunday it received a report at 9am about a red-topped minibus that had knocked down a man who had suddenly crossed the road outside…