Hong Kong homebuyers flocked to the second round of new flat sales at the La Mirabelle I project in Tseung Kwan O, underscoring continuing demand for property amid escalating tensions in the Middle East. By noon, 72 of the 168 units had been sold, according to agents. Another 86 flats have been made available via…
Hong Kong developers are raising prices of new homes this week following sold-out launches in recent days, further testing the appetite of homebuyers amid geopolitical and interest rate uncertainties. Henderson Land Development put another 39 units at its Chester project in Hung Hom on sale on Monday, with 25 homes finding buyers, according to agents….
Hong Kong homebuyers snapped up new launches on Tuesday as developers accelerated sales amid concerns over slower rate cuts and geopolitical tensions in the Middle East. By about 3.50pm, all 254 flats released at the La Mirabelle project in Tseung Kwan O had been sold, according to market agents. “Today’s positive sales results at La…
Hong Kong commuters have complained about chaotic scenes after services on a section of the East Rail line were suspended for about 2½ hours on Friday when a passenger opened an emergency exit on a train and was later found injured in a tunnel. The disruption caused chaos during rush hour. Affected stations were packed…
Hong Kong’s rail giant has announced it will keep fares unchanged for the coming year after an annual review, marking the second year without any increase. “The corporation will continue to offer ongoing fare concessions, covering the elderly, children, eligible students and persons with disabilities … benefiting more than 600 million passenger trips,” the MTR…
Tickets from Hong Kong to many mainland Chinese destinations connected by cross-border high-speed rail services are nearly sold out for the first two days of the five-day holiday over Easter and the Ching Ming Festival. The mainland cities have become an alternative for travellers, with the escalating war in the Middle East triggering a global…
The rail giant said the Tsuen Wan line would start using the new system from the first train on Sunday morning, while maintaining its normal schedule that day. “During the adjustment period after the new signalling system is put into service, some isolated incidents that do not affect train safety are expected,” it said on…
A union representing employees of Hong Kong’s rail operator, the MTR Corporation, has expressed disappointment with the firm’s refusal to consider their calls for improved benefits, saying the pay rise of up to 3.84 per cent for most staff is “slightly below demands”. The MTR Corp announced pay increases on Friday ranging from 1.6 to…
The net profit of Hong Kong’s MTR Corporation dropped by 6.9 per cent to HK$14.68 billion (US$1.88 billion) last year, from HK$15.77 billion in 2024, as higher depreciation costs and weaker revenue from the rail giant’s mainland China operations weighed on earnings. The company recorded a property development profit of HK$11.08 billion last year, up…
After consecutive operating deficits, the operating account has returned to profit. Simultaneously, the consolidated account records a HK$2.9 billion (US$370.6 million) surplus for 2025/26, signalling stability. This turnaround is driven largely by a buoyant stock market and a stabilising property sector, reviving stamp duty revenues and investment income. This provides fiscal space for the government…