Hong Kong homebuyers showed interest in 130 flats put on sale by developers on Thursday evening, but the pace of buying was more measured after an interest-rate increase later this year became more likely. Agents said 30 of the 75 units put on sale at Phase 4B of La Montagne at the Southside project at…
New homes that Hong Kong developers will launch in the coming days and weeks will serve as a crucial test of the impact of Beijing’s latest capital-control measures, amid signs of recovery in the city’s residential property market. “Seemingly, a number of developers have turned more cautious in launching primary projects of late,” said Jack…
Prices for some new homes in Hong Kong have rebounded by as much as a third from the housing market’s lowest level a few years ago amid robust demand, according to analysts. Developers have priced new units this year in Tseung Kwan O, Wong Chuk Hang and Tai Wai between 7 and 36 per cent…
A signalling equipment failure near a station along Hong Kong’s Tseung Kwan O MTR line has resulted in travel delays of 10 to 15 minutes during the Thursday evening rush hour, with passengers saying they were asked to get off their train. “Due to a signalling equipment fault near Po Lam station, the total journey…
Commuters wait on the platform as a train of MTR Corp arrives at Kowloon Tong station in Hong Kong, Feb 22, 2024. (SHAMIM ASHRAF / CHINA DAILY) HONG KONG – MTR Corp – Hong Kong’s sole rail operator – has raised 3 billion euro ($3.5 billion) through its first euro-denominated public green bond issuance. The…
Hong Kong rail giant the MTR Corporation has raised €3 billion (HK$27.36 billion) by selling its first euro-denominated public green bonds, in its largest bond deal to date. The semi-privatised corporation said on Thursday that the sale also marked the largest Asia ex-Japan non-sovereign euro green bond offering. Amid a string of new rail projects…
The non-executive chairman of Hong Kong rail giant the MTR Corporation has been elected as the new head of the city’s largest business chamber for a one-year term. Jacob Kam Chak-pui, 64, took over as chairman of the Hong Kong General Chamber of Commerce on Wednesday following an election among members, expressing “strong confidence” in…
Hong Kong is likely to attract more mainland Chinese retail brands, but unlike the previous wave, non food and beverage (F&B) retailers are the ones ramping up their presence, according to analysts. The change in profile of mainland brands coming to Hong Kong is helping the city’s landlords fill vacant spaces amid an uneven recovery…
Hong Kong’s technology infrastructure is undergoing a major transformation as local government and businesses replace Western products with domestic alternatives, driven by closer integration with mainland China and rising geopolitical risks, according to tech experts. US tech giants like Microsoft have long “served as the bedrock of Hong Kong’s digital landscape”, but that dominance is…
Hong Kong’s MTR Corporation will largely complete a new station on the Tung Chung line by the first half of 2027, using “community-friendly” construction measures to reduce noise. The rail giant said on Tuesday that it would finish boring a 1.3-kilometre (0.8-mile) tunnel by the third quarter of this year and complete most of Tung…