Around 4,200 transitional homes will be sufficient to meet the temporary housing needs of tenants displaced under new rules that could require 33,000 subpar subdivided flats to undergo major renovations, Hong Kong officials have said. Undersecretary for Housing Victor Tai Sheung-shing told lawmakers on Monday that the government would set aside up to 20 per…
Buying stocks when the market is selling off is always a daunting prospect. On one hand, if you time it right and shares rally, you’ve bought at an attractive price. On the other hand, the market could just… keep falling. Luckily for brave dip-buyers in 2025, the former has been true. Despite stomach-churning volatility at…
Hong Kong is pressing ahead with legislation to regulate the city’s notorious subdivided flats, with authorities planning to enforce proposed new laws from 2027 and landlords able to register their properties as early as March next year. The Housing Bureau submitted its regulatory proposals to the legislature on Thursday, with the bill to be tabled…
TIMOTHY A. CLARY/AFP via Getty Images 2025-06-18T17:52:40Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Apollo…
Hong Kong’s cash-for-residency scheme has yielded an investment of around HK$16.5 billion (US$2.1 billion) from 543 applicants over the past two years, with two-thirds of their capital directed into funds and the stock market. InvestHK, Hong Kong’s department of foreign direct investment, on Sunday released the latest figures of the New Capital Investment Entrant Scheme…
Hong Kong customs has arrested two domestic helpers suspected to have been using their employers’ homes to store illicit cigarettes and seized HK$900,000 (US$115, 400) worth of goods. Customs said its officers spotted and intercepted two women, aged 40 and 48, carrying suspicious nylon bags on Sunday at Choi Yuen Estate in Sheung Shui and…
Sun Hung Kai Properties (SHKP) scored another sell-out weekend for Sierra Sea, its mega residential project in the New Territories, as homebuyers took advantage of discounted prices that are about 20 per cent lower than those of similar properties in the district. As of 6pm, Hong Kong’s largest property developer sold all 288 of the…
Hong Kong’s economy expanded by 3.1 per cent year on year in the first quarter of 2025, according to advance government estimates. Figures released by the Census and Statistics Department on Friday showed gross domestic product (GDP) increased by an estimated 3.1 per cent in real terms in the first three months. A government spokesman…
Hong Kong should set up a statutory registration system for counsellors and grant legal exemption to professional organisations to publicly address wrongdoings, experts have said, after a body failed to name a member who was expelled over misconduct. Professor Chui Yat-hung, president of the Hong Kong Professional Counselling Association, warned of the dangers posed by…
The US has “brought disgrace upon itself” and made the world aware of its “despicable and shameless behaviour” after imposing tariffs and sanctions on Hong Kong, according to an article published by Beijing’s top office overseeing the city’s affairs. In the commentary posted on Tuesday and titled “Too much evil will lead to self-destruction: the…