Retail rents in Hong Kong are expected to remain under pressure, as the trend of residents travelling to the mainland for leisure has led many businesses to opt for short-term leases, experts have said after the vacancy rate in the city’s busiest districts hit a 4½-year high. Analysts on Monday also attributed the mounting vacancies…
Retail rents in Hong Kong are expected to remain under pressure, as the trend of residents travelling to the mainland for leisure has led many businesses to opt for short-term leases, experts have said after the vacancy rate in the city’s busiest districts hit a 4½-year high. Analysts on Monday also attributed the mounting vacancies…
A regulatory proposal on ride-hailing services in Hong Kong will be submitted to the legislature before the end of the month, the transport minister has said, months earlier than the original plan amid calls to accelerate the process. Secretary for Transport and Logistics Mable Chan said on Sunday that the authorities would provide more comprehensive…
Former Hong Kong leader Leung Chun-ying has challenged landlords to “adjust their mentality” over rental yields as he renewed his call for price cuts to stem a 40-year-high vacancy rate for commercial properties from rising further amid a slackening economy. Leung, now a top political adviser to the country, also warned that landlords would be…
Hong Kong should consider relaxing a proposed 100-vehicle quota for a scheme that will allow Guangdong motorists to drive to the city, former leader Leung Chun-ying has said, suggesting the limit could be adjusted for weekdays and holidays. Leung, who now serves as a vice-chairman of the nation’s top political advisory body, the Chinese People’s…
Hong Kong should consider relaxing a proposed 100-vehicle quota for a scheme set to allow Guangdong motorists to drive to the city, former leader Leung Chun-ying has said, suggesting the limit could be adjusted for weekdays and holidays. Leung, who now serves as a vice-chairman of the nation’s top political advisory body, the Chinese People’s…
Vicious cycles are difficult to break. As Hong Kong scrambles to identify and chip away at factors behind a wave of closures in catering and food production, lowering commercial rents may be a logical next step. A recent high-profile victim of the spiral was City’super’s Amazing Food Hall in the upscale Times Square shopping centre…
Vehicles from neighbouring Guangdong province in mainland China will be allowed into Hong Kong’s urban areas “in phases” in a move to ease travel arrangements, transport chief Mable Chan has said, adding that authorities are drafting application procedures and guidelines. Cars drive in Hong Kong in June, 2025. Photo: Kyle Lam/HKFP. The government aims to…
China’s No 4 politician was among senior Beijing officials and other heavyweights who sent wreaths to the wake for Hong Kong tobacco and media tycoon Charles Ho Tsu-kwok. State-run Xinhua called Ho a patriotic businessman and “an intimate friend” of the Communist Party of China in an article published on Saturday night. “Ho played an…
China’s No 4 politician was among senior Beijing officials and other heavyweights who sent wreaths to the wake for Hong Kong tobacco and media tycoon Charles Ho Tsu-kwok. The ceremony for Ho, former chairman of the Sing Tao News Corporation who died at the age of 75 earlier this month, was held at the Hong…