Hong Kong’s MTR Corporation will launch a large-scale railway exhibition at Hung Hom Station on May 16, featuring four retired trains and a new immersive train driving simulator. The rail giant said on Saturday that the exhibition, titled “Station Rail Voyage: Explorer”, would feature an expanded layout with a refreshed look. “The exhibition retains four…
Hong Kong has raised HK$27.6 billion (US$3.5 billion) through a green and infrastructure bond sale to finance the Northern Metropolis and low-carbon transformation projects. The offering drew investors from more than 30 markets across Asia, Europe, the Middle East and the Americas, signalling global institutional investors’ confidence in Hong Kong’s development, the Hong Kong Monetary…
Hong Kong homebuyers snapped up most of the new flats released on Thursday, with developers beginning to ramp up new construction amid sustained housing demand. All 120 units at the One Victoria Cove I in Hung Hom, jointly developed by Henderson Land Development, Hysan Development and Empire Group, were sold by 5.20pm, according to agents….
Hong Kong’s railway operator has deployed augmented reality (AR) technology to speed up construction of a station on a new link serving the Northern Metropolis megaproject to ensure it opens on time next year. The MTR Corporation said on Tuesday that the power supply had been connected at Kwu Tung station and AR technology had…
Hong Kong developers released nearly 300 new flats to the market amid enthusiastic demand from potential homebuyers as the latest official data show completion of private residential units is set to decline this year and next. As of 3pm, 138 out of 218 units at the One Victoria Cove Phase I in Hung Hom, jointly…
Cathay Pacific Airways has raised HK$2.08 billion (US$265.4 million) by selling Hong Kong dollar-denominated bonds to boost its working capital, tapping the public bond market for the first time. Hong Kong’s flag carrier said on Friday that the bond issuance was the biggest of its kind by a locally based, non-public sector company. The three-year…
Hong Kong’s MTR Corporation has unveiled its first wheelset maintenance centre, set to open in the coming months, cutting the time for the labour-intensive process from more than three days to 10 hours. The rail giant said on Thursday that the new HK$300 million (US$38.3 million) Integrated Wheelset Maintenance Centre, located at the Ho Man…
The MTR Corporation has sold HK$18.8 billion (US$2.4 billion) in green bonds, the largest and the company’s first public bond issuance in the Hong Kong dollar market, in its latest efforts to diversify funding sources for a string of projects. The rail giant said on Wednesday that it sold five-year, 10-year and 30-year bonds, with…
Hong Kong’s MTR Corporation said on Monday that it had received eight bids for a commercial and residential development at one of the critical hubs in the Northern Metropolis, a large-scale project that aims to bolster the city’s economic base and foster closer integration with the Greater Bay Area. The number of bids for the…
The HK$2 (US$0.26) transport fare scheme for the elderly is one of Hong Kong’s most socially significant success stories. But some of the recent changes, and further ones contemplated, seem to be rowing in a different direction. We need to pause and take stock before we inadvertently undo some of our good work. In the…