Things are looking up for commercial property investment markets in Asia. Following a sharp slowdown caused by an aggressive global monetary tightening campaign, transaction volumes have recovered significantly this year, rising 28 per cent in annualised terms in the first three quarters of 2024 among countries analysed by property services firm JLL. Last quarter, JLL…
Hong Kong’s office market is likely to trail other segments in terms of recovery as interest-rate cuts and easier mortgage financing rules drive bigger interest and deals in the residential and retail properties, analysts said. Office vacancy rates continued to worsen last month in more business districts in the city including Central, Wan Chai, Causeway…
The reported involvement of North Korean troops in Russia’s war against Ukraine would put China in a tight spot and could also lead to closer cooperation between the Nato countries and Northeast Asia, analysts said. US Defence Secretary Lloyd Austin said there was evidence to support the claim that North Korean forces were in Russia,…
The deployment of North Korean troops to back Russia’s war efforts marks a significant shift in global dynamics by bridging European and Indo-Pacific security theatres in unprecedented ways, observers warn. US Secretary of Defence Lloyd Austin confirmed on Wednesday that 3,000 soldiers were sent to Russia – a development first disclosed by Ukraine and South…
South Korea should be wary of intelligence manipulation for political reasons or hasty retaliatory action against the North for its alleged involvement in the Ukraine war, critics warn, with Washington yet to confirm if Pyongyang had deployed troops to join their Russian counterparts. The comments come as Seoul reportedly considered sending a team of intelligence…
At Seoul’s bustling Hongik University Station, French tourist Nagete Amandedano and her sister approach the information desk to ask for directions in their native language. But rather than speaking to a station employee, they interact with an OLED screen. On the other side, a Korean employee – who doesn’t speak French – speaks to the…
Tickets for British rock band Coldplay’s coming concerts in Hong Kong were sold out within 90 minutes of the opening of general sales, with the most expensive HK$6,599 (US$849) option for one of the shows snapped up almost immediately. A Post reporter who visited ticket booking platform Cityline at 10am when sales opened gained access…
By ZeroHedge – Sep 26, 2024, 3:00 PM CDT Established financial centers like London, New York, and Hong Kong have lost some of their competitiveness in the past decade, according to the Global Financial Centres Index. Chinese cities, particularly Shanghai and Shenzhen, have risen in the rankings and are now among the world’s…
Hong Kong’s Greater Bay Airlines will add three new destinations in Japan in the final quarter of this year, the company’s new head has said, while the future of the much-awaited services to Beijing and Shanghai remains uncertain. The airline would start flying to Yonago in the western region of Tottori prefecture on October 27,…
Hong Kong’s Greater Bay Airlines will add three new destinations in Japan in the final quarter of this year, the company’s new head has said, while the future of the much-awaited services to Beijing and Shanghai remain uncertain. The airline would start flying to Yonago in the western region of Tottori prefecture on October 27,…