Hong Kong’s growing number of expatriates is boosting the city’s residential property leasing market with luxury rents likely to rise by about 5 per cent this year and continue their upswing in 2027, according to property consultancy JLL. The private residential rental index by the Rating and Valuation Department had surged by 18.5 per cent…
WALES They were harry-ed over this. The construction of a $580 million 125-mile underground power line connecting the UK and Ireland has been rerouted after hundreds of emotional “Harry Potter” fans called the CEO of the company behind it. The Potterheads lamented that the proposed project would disrupt a memorial dedicated to the series’ Dobby the…
ZURICH, Aug 19 (Reuters) – Swiss voters look set to reject next month proposals for a tighter definition of neutrality that would prevent the country from issuing economic sanctions or cooperating with NATO, according to a poll published on Wednesday. Nearly two-thirds of respondents said they opposed the neutrality initiative in the survey conducted for…
Hong Kong is betting big on the Northern Metropolis with a university town as a core engine. In this third of a five-part series on the city’s first five-year blueprint, we look at the talk of the town. Read part two here. Hong Kong is a city that has among the highest concentration of top…
Hong Kong has changed since the turmoil of 2019-20. Few people would dispute this. The more important question is what kind of city it is becoming. It is evolving into a more nationally integrated yet still distinctive city. The emerging model seeks to combine market dynamism and international connectivity with clearer alignment to national development….
International architecture firm Herzog & de Meuron, which built Hong Kong’s M+ museum and the National Stadium in Beijing, has donated a second collection of models, sketches and drawings to the art institution in the West Kowloon Cultural District. The M+ said on Thursday that the more than 200 archival items follow an initial donation…
Many bars, restaurants and shopping centres in Hong Kong have enjoyed brisk business thanks to the World Cup, with top nightlife district Lan Kwai Fong recording an up to 70 per cent jump in patronage for this year’s big matches. Lan Kwai Fong Group chairman Allan Zeman told the South China Morning Post that he…
Chinese investors pulled a record US$2.91 billion out of domestic gold exchange-traded funds (ETFs) in June, taking profits as a stock-market surge and a strong yuan dimmed the appeal of the safe-heaven metal, according to the World Gold Council (WGC). Mainland Chinese funds were the biggest drag on Asia’s gold ETFs in June, “as local…
Assets and wealth under management in Hong Kong surged to a record high last year as global investors returned to Chinese assets, underscoring the city’s edge over Switzerland as a wealth hub. Financial firms in Hong Kong managed HK$42.2 trillion (US$5.38 trillion) worth of assets last year, a 20 per cent increase from the previous…
ZURICH, June 30 (Reuters) – Personal wealth in 2025 grew at its fastest pace in years, creating nearly one million new U.S. dollar millionaires worldwide, Swiss bank UBS said in its annual Global Wealth Report published on Tuesday. • Total personal wealth globally rose by 10.8% last year, up from 4.6% in 2024 and 4.2%…