Hong Kong’s cash-strapped Urban Renewal Authority (URA) may review its policy to reduce compensation to residents affected by redevelopments, its new chief has said, as the organisation faces financial challenges. URA managing director Donald Choi Wun-hing said on Friday in his first meeting with the media that it was an appropriate time to review the…
Hong Kong police have arrested a couple on suspicion of trying to use about 10 fake HK$500 million (US$63.7 million) bonds to open an account at an HSBC branch in Central. Police said on Monday that the 66-year-old man and 62-year-old woman, both Hongkongers, were arrested for using a false instrument for allegedly presenting the…
Hong Kong police have arrested a 13-year-old boy on suspicion of drug trafficking after uncovering a narcotics cache worth about HK$530,000 (US$67,520) hidden inside his Mong Kok home. Officers from Wong Tai Sin district’s anti-triad unit raided a flat on Pak Po Street on Monday, seizing about 1kg (2.2lbs) of suspected crystal meth “ice”. Police…
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…
Hundreds of mainland Chinese visitors have made the most of Hong Kong’s holiday marking the city’s handover by flocking to popular tourist sites and enjoying discounts, free museum visits, ferry and tram rides, and cheap tickets at several major attractions. Undeterred by the cloudy and rainy weather on Tuesday, they gathered at popular locations across…
Hundreds of mainland Chinese visitors have made the most of Hong Kong’s holiday marking the city’s handover by flocking to popular tourist sites and enjoying discounts, free museum visits, ferry and tram rides, and cheap tickets at several major attractions. Undeterred by the cloudy and rainy weather on Tuesday, they gathered at popular locations across…
From free museum visits and tram rides to discounted meals and fun runs, residents and tourists took full advantage of offers by thousands of businesses, braving the frequent showers to revel in the celebrations of the city’s 28th anniversary of its handover to Beijing. Rows of bright red national and Hong Kong flags adorned the…
For decades, neon signs lit up Hong Kong, casting vivid hues across the urban jungle. But as government regulations continue to tighten, most of those glowing tubes have been replaced with LED. Artist Jerry Loo with the Superhero Landing sculpture featuring at the PMQ exhibition in Hong Kong’s Central district. Photo: Neon Heroes Running from…
Former Hong Kong leader Leung Chun-ying has urged landlords to lower rents as the city’s commercial property vacancy rate hit a 40-year high and retailers cried foul over being forced to close businesses to stem losses. In his social media post on Thursday, Leung pointed to the rate of vacant commercial buildings in the city,…