Hong Kong’s Lingnan University has acquired commercial assets in a residential building in New Territories, joining a number of schools and universities that have snapped up real estate assets amid a slump in values. The university bought the shopping arcade, ground floor shops and a car park in the T-Plus residential tower for about HK$120…
Hong Kong’s government will release a mid-size plot for sale in its fiscal second quarter, continuing its tight grip on land supply as the city’s residential property market grapples with a glut that has forced developers to slash prices to find buyers. A plot measuring 6,500 square metres (70,000 sq ft) at the junction of…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. Hong Kong’s recent severe rainstorms are the result of a monsoon providing rich moisture that amplified the residual impact of storm Danas,…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. Hong Kong’s recent severe rainstorms are the result of a monsoon providing rich moisture that amplified the residual impact of storm Danas,…
The University of Hong Kong (HKU) has said that Pok Fu Lam is the best location for building its innovation hub compared with alternatives such as the Northern Metropolis, arguing the site could yield the fastest outcomes and see the first section open its doors as early as 2032. The university’s stance was shared in…
Hong Kong’s railway operator and the government signed an agreement on the design and construction of the major rail link in the Northern Metropolis on Tuesday, fast-tracking its completion by at least two years to 2034. The agreement, which gives momentum to the Northern Metropolis project, involves HK$39.05 billion in financing from land premiums for…
Temperatures in substandard housing in Hong Kong reached as high as 40 degrees Celsius (104 Fahrenheit) over the past week, while about 40 per cent of tenants in such homes reported having poor quality or no windows, a concern group has found. The results came from two studies published by the Society for Community Organisation…
A 35-year-old hiker has died after falling about 20 metres (65 feet) at a mountain stream near Hong Kong’s border with mainland China. Police said the man, surnamed Choi, fell at a stream in Sha Tau Kok and his friends reported the accident to emergency services. Authorities said he was later pronounced dead at the…
Hong Kong’s ambition to create an artificial intelligence (AI) ecosystem is bearing fruit, with more than 90 per cent of the city’s flagship supercomputing centre at Cyberport now in use, according to officials. The AI Supercomputing Centre, which began operations in December, is a cornerstone of the government’s strategy to foster a vibrant local AI…
Hong Kong’s ambition to create an artificial intelligence (AI) ecosystem is bearing fruit, with more than 90 per cent of the city’s flagship supercomputing centre at Cyberport now in use, according to officials. The AI Supercomputing Centre, which began operations in December, is a cornerstone of the government’s strategy to foster a vibrant local AI…