Just over five years ago, residential and commercial real estate prices and rents were hitting record highs. Developers reported robust earnings and had access to cheap financing, boosting their confidence – and that of investors – to spend more on new projects or acquire existing income-generating properties. But this golden era ended abruptly. Social unrest…
Just over five years ago, residential and commercial real estate prices and rents were hitting record highs. Developers reported robust earnings and had access to cheap financing, boosting their confidence – and that of investors – to spend more on new projects or acquire existing income-generating properties. But this golden era ended abruptly. Social unrest…
Negative equity cases in Hong Kong’s real-estate market hit a new high, according to official data released on Wednesday, as elevated interest rates continued to weigh on property prices. The number of homes whose value sank below what their owners were paying for their mortgages rose 6.1 per cent to 40,741 cases in the first…
Negative equity cases in Hong Kong’s real-estate market hit a new high, according to official data released on Wednesday, as elevated interest rates continued to weigh on property prices. The number of homes whose value sank below what their owners were paying for their mortgages rose 6.1 per cent to 40,741 cases in the first…
The 61-year-old Mandarin Oriental hotel in Central will undergo a US$100 million renovation demonstrating the company’s continued faith in Hong Kong as a premier tourism destination, the group’s chief executive has said, dismissing suggestions the city suffered from a negative image overseas. In an exclusive interview with the Post, Laurent Kleitman, group chief executive of…
Hong Kong residents made 1.84 million outbound trips between Thursday and Saturday, the second day of the Easter long weekend, representing a 10 per cent increase from the same period last year. A catering industry representative forecast a potential 30 per cent decline in business during Easter compared with last year, attributing the fall to…
Hong Kong residents made 1.84 million departure trips between Thursday of last week and the second day of the Easter break, representing a 10 per cent increase from the same period last year. Figures from the Immigration Department highlighted the increase from 2024, when residents had made 1.68 million trips by the end of the…
The number of Form Six graduates in Hong Kong pursuing further studies outside the city has declined by 15 per cent year on year, marking the second straight year of record lows since the government launched an annual survey in 2012. A student consultant and the owner of an agency connecting pupils with overseas universities…
Hong Kong’s top court has reinstated a former opposition lawmaker’s convictions and four-month jail sentence for exposing a probe into a police commander who led an investigation into mob violence at a railway station during the 2019 anti-government protests. The Court of Final Appeal on Tuesday ruled by a majority to reverse Lam Cheuk-ting’s acquittal…
HONG KONG (AP) — A social worker who tried to mediate during the height of the 2019 anti-government protests in Hong Kong was convicted of rioting Tuesday in the latest case that signaled the tough stance the authorities have taken toward political cases. Jackie Chen was part of a group of social workers who often…