The Northern Metropolis is in the news almost every day. The big policy focus for the administration, it is determining a new future for Hong Kong. Part of the New Territories, which were dubbed “a land between” in the 1980s, the area was once little more than a rural leftover between urban Hong Kong and…
McDonald’s has sold another Hong Kong retail property for HK$118.7 million (US$15.2 million), bringing the proceeds from its ongoing asset disposal programme to about HK$490 million, as well-capitalised investors continue to snap up prime real estate. The 10,000 sq ft-plus property at 46-47 Yee Wo Street in Causeway Bay was sold to Evergreen Capital Partners….
McDonald’s has sold another Hong Kong retail property for HK$118.7 million (US$15.2 million), bringing the proceeds from its ongoing asset disposal programme to about HK$490 million, as well-capitalised investors continue to snap up prime real estate. The 10,000 sq ft-plus property at 46-47 Yee Wo Street in Causeway Bay was sold to Evergreen Capital Partners….
On a sunny afternoon in late November, hundreds of onlookers gathered beside a picturesque lake near Shanghai as a massive silver drone lifted off silently from the deck of a cutting-edge vessel, marking the dawn of a new chapter for the low-altitude economy in both mainland China and Hong Kong. The demonstration at Dianshan Lake,…
A former People’s Liberation Army soldier has been remanded in custody in Hong Kong pending sentencing for offering paid rides with his Tesla Model S luxury sedan while using a tourist visa last year. Zeng Yulin, 39, pleaded guilty to 19 charges on Thursday after a police sting operation uncovered his illicit business, which earned…
In a base-case scenario, bondholders may recover just 10.1 per cent of what they were owed, roughly half what already deeply distressed market prices suggested, the British bank said in a report. However, in a worst-case scenario, assuming lower proceeds from onshore assets and netting out intragroup balances, the estimated recovery would drop to just…
Hong Kong’s transport minister has directed her team to urgently address prolonged queues and potential abuses of the application system for test-free driving licences, as long lines formed overnight outside a government office to secure the daily quota of same-day application tickets. Secretary for Transport and Logistics Mable Chan on Wednesday publicly urged the Transport…
The decision to jail a former world record holder for contravening China’s strict firearms laws by buying gun parts overseas and smuggling them onto the mainland via Hong Kong has sparked serious debate among the country’s shooting fraternity. Tian Hong, who equalled the world record in the 60-shot prone rifle event at the National Games…
Morgan Stanley upgraded Hong Kong’s property sector to “attractive”, noting that an all-round improvement in the city’s economy and a policy-driven recovery will continue to push prices higher this year. The US investment bank forecast home prices to rise around 10 per cent in 2026, with further gains expected in 2027, pointing out that the…
Morgan Stanley upgraded Hong Kong’s property sector to “attractive”, noting that an all-round improvement in the city’s economy and a policy-driven recovery will continue to push prices higher this year. The US investment bank forecast home prices to rise around 10 per cent in 2026, with further gains expected in 2027, pointing out that the…