Middle East tensions add uncertainty to Hong Kong retail rents, Wharf REIC says

    Middle East tensions add uncertainty to Hong Kong retail rents, Wharf REIC says

    Hong Kong’s fragile retail recovery is clouding the outlook for shopping mall rents, with Wharf Real Estate Investment Company (REIC) warning that rising geopolitical tensions could add further uncertainty even as visitor traffic improves. “Volume increase, however, was not often accompanied by commensurate yield increase,” the company said in its annual results released on Tuesday….

    Read More
    Futu opens flagship branch on retail high street to tap Hong Kong’s stock market bull run

    Futu opens flagship branch on retail high street to tap Hong Kong’s stock market bull run

    Futu Holdings is expanding its footprint in Hong Kong with the opening of its first flagship store and inaugural Institutional and Private Wealth Services centre in Causeway Bay, underscoring the online brokerage’s ambition to capture the city’s growing base of high-net-worth clients. The new centre, occupying two floors with a combined area of more than…

    Read More