Hong Kong’s West Kowloon is poised to emerge as the second-most important office sub-market after Central with the completion of new buildings that will accommodate banks and insurance companies, according to industry officials. However, there was expected to be limited demand from newcomers or via corporate expansion, with leasing activity dominated by relocations and higher…
Hong Kong’s property market is poised for a broad-based recovery as a strong upturn in the residential segment spills over to the struggling office and retail sectors, according to analysts. Morgan Stanley upgraded its forecast for the city’s home prices to a 12 per cent increase this year from 10 per cent previously and anticipated…
Last month, Hong Kong completed its first green methanol bunkering operation, a significant step in its efforts to support the decarbonisation of global shipping. As the maritime industry accelerates its transition towards cleaner fuels, this milestone signals Hong Kong’s intent to remain relevant. The global blue economy, defined as the sustainable use of ocean resources…
Police have dismantled a motorcycle theft syndicate and arrested five people, believed to be linked to 14 cases across Hong Kong, amid a rise in such crimes in the first quarter of the year. Senior Inspector Fu Ho-shing of the Kowloon West regional crime unit said on Saturday that the group primarily targeted motorcycles parked…
Hong Kong will sign a five-year deal with Art Basel by the end of the month in the first such collaboration between the city’s cultural authorities and the premier fair, highlighting the link between financial investment and the development of the sector. Secretary for Culture, Sports and Tourism Rosanna Law Shuk-pui said on Monday the…
Hong Kong police have arrested five people and recovered nearly HK$100 million (US$12.7 million) worth of gold stolen in a suspected deception case, in which a “buyer” allegedly worked for a group that seized the haul before fleeing. The incident took place at about 2.45pm on Friday at an office in Peninsula Square, a commercial…
Hong Kong customs officers have seized 986 smuggled live turtles worth about HK$1 million (US$127,620) from a private car attempting to leave the city, arresting the driver and a passenger. Officers discovered the turtles hidden in seven black plastic bags in the vehicle’s boot at the Hong Kong–Zhuhai–Macau Bridge control point on Tuesday. A 42-year-old…
The Hong Kong Tourism Board will allocate three-quarters of its resources to overseas markets this year in a strategic shift aimed at diversifying visitor demographics and attracting more overnight high spenders to the city. The board also revealed on Wednesday that it would launch a new global campaign by the end of April to promote…
JPMorgan Chase has committed to leasing about 250,000 sq ft of space in the new Sun Hung Kai Properties (SHKP) office towers in Hong Kong’s West Kowloon district for 10 years, making the US investment bank the anchor tenant of the 700,000 sq ft mixed-use development, the Hong Kong-listed developer said on Friday. Artist Square…
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…