More than 180 years after their first development, the historic cores on Hong Kong Island – Central, Sheung Wan and Wan Chai – and in Kowloon – Yau Ma Tei, Tsim Sha Tsui and Mong Kok – face an acute urban crisis. Once-vibrant neighbourhoods have become densely packed relics defined by ageing buildings, congested streets,…
The three-year senior unsecured fixed-rate sustainable-development bonds pay an annual coupon of 3.847 per cent, and will settle locally in Hong Kong’s Central Moneymarkets Unit (CMU), which tracks and manages Hong Kong-dollar debt securities and other financial products. The bonds attracted investors domestically and across Asia-Pacific, with the final order book reaching HK$9 billion with…
Rev. Gwendolyn Walker, of the Guardian-Highland Block Club, has hope. Hope that there is finally a plan, a strategy — something — to reimagine, restore and revitalize a decaying stretch of north Main Street and return a portion of the Falls North End to prosperity. “I think this is wonderful,” Walker said after almost an…
Hong Kong’s Urban Renewal Authority has launched free tours after recruiting retired volunteers to tell residents first-hand stories about Central and Sheung Wan districts, paving the way for more in-depth offerings for visitors. The “Touring Central with Locals” walks also feature digital art integration at five locations where the authority applied augmented reality (AR) technology…
Hong Kong’s cash-strapped Urban Renewal Authority may consider issuing bonds or borrowing more money as it reveals plans to take on a major redevelopment project in Kowloon City on its own after a failed tender in September. The authority’s managing director Wai Chi-sing said it was exploring the “self-initiated approach” to the Kai Tak Road/Sa…
Chinese President Xi Jinping has instructed Macau’s next leader to adopt a spirit of responsibility, further diversify the gaming hub’s economy, tackle livelihood issues and improve the city’s national security legal regime. Chief Executive-designate Sam Hou-fai, who shared the words from the country’s leader, also said on Saturday that he planned to finalise his choice…