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….
Developers in Hong Kong are testing the housing market’s recovery by nudging prices up or paring discounts as improving sentiment and a rebound in transactions boost confidence in the city’s property sector. But analysts said the moves remained uneven, with many newly launched projects still offering sizeable concessions as developers continued to prioritise clearing unsold…
Hong Kong will cancel the two-decade-old “A Symphony of Lights” within the year, with the South China Morning Post learning that the fixture will be replaced with immersive projections across various districts to upgrade the city’s offerings. The revamp is among a raft of new tourism measures announced in finance chief Paul Chan Mo-pop’s latest…
Visitor numbers in Hong Kong rose about 14 per cent during the Chinese New Year holiday but more residents left the city, while local retailers reported bumper sales of gold products. Some retailers reported single purchases worth millions of Hong Kong dollars within categories such as watches and jewellery, even as the broader retail recovery…
Hong Kong recorded a 13 per cent surge in visitors from mainland China during the Lunar New Year holiday, with the influx boosting jewellery sales by 10 per cent during the period despite a sharp rise in gold prices. Industry representatives said on Sunday that festive business had outperformed last year’s, though the recovery remained…
These retailers – which sell gold coins and bars, rather than ornamental pieces – have taken up ground-floor store spaces that were left vacant during the city’s post-pandemic recovery. Their rapid expansion has been followed by the return of high-end jewellery vendors, a development that has helped stabilise rents in some of the city’s most…
Tens of thousands of spectators are lining both sides of Hong Kong’s Victoria Harbour ahead of the Lunar New Year fireworks display, with some gathering hours in advance to secure prime viewing spots. But some visitors from mainland China said they planned to leave Hong Kong after the display ended on Wednesday evening, despite government…
Hong Kong will kick off the Year of the Horse on Tuesday with its annual night parade, featuring floats and performers from more than 60 countries and regions. The Cathay International Chinese New Year Night Parade will feature a street party at 6pm before the procession begins at 8pm in Tsim Sha Tsui. The South…
Crowds filled Hong Kong’s airport and a major cross-border rail terminal on the first day of Lunar New Year, with many visitors saying they chose to spend the holiday in the city to enjoy its festive spirit, food and mild weather. According to the latest Immigration Department data, more than 1.7 million Hongkongers made outbound…
Hong Kong will welcome the Year of the Horse with a 23-minute Lunar New Year fireworks display on Wednesday, showcasing vibrant elements inspired by the energy and spirit of horses. Themed “Prosperity Gallops Across Hong Kong”, the fireworks show is solely sponsored by the Hong Kong Jockey Club, at a cost of HK$19 million (US$2.4…