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Cheryl Arcibal
Senior Reporter, Business
Before moving to Hong Kong, Cheryl covered the economy in her native Philippines.
‘We think the Hong Kong office market is not structurally impaired,’ Morgan Stanley’s Praveen Choudhary says.
To help Hong Kong companies in the UAE, Al Nasser says it would offer support including regulatory guidance and market insights.
Futu could be paying HK$1.2 million (US$154,000) per month in rent, a steal compared to the HK$8.6 million in monthly rent that Burberry paid in 2018.
China’s growing dominance in export market share is causing tension with the US and emerging markets, JPMorgan Private Bank says.
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Sales of new and lived-in homes, shops, office units, car parking space and industrial properties jumped by 55 per cent to 6,657 lots last month.
Financial institutions approved mortgage loan applications worth US$3.3 billion in February.
Plum properties sell for songs, but bargains may not last as demand for upscale homes is up 50 per cent from last year, agents say.
Secondary home prices have declined by a cumulative 27 per cent since January 2022, according to government data.
Trump’s 25 per cent tariffs on US car imports to take effect from April 2, saying this would spur growth.
UBS revises its 2025 forecast to flat from a 5 per cent decline, while JLL sees signs of stabilisation as Shenzhen shopping craze cools.
The Hang Seng Index is under consolidation as traders await development on the US tariffs front, says analyst Kenny Wen.
The city has 15 million sq ft of excess office space, more than all the current space in the main business district.
‘The global economy is expected to remain challenging in 2025’, says CK Asset chairman Victor Li Tzar-kuoi.
Tycoon ensured a lasting legacy after he handed over control of the group to his two sons Peter Lee and Martin Lee well ahead of time.
UK, Portugal and Australia see influx as investment migration becomes ‘essential insurance’ against uncertainty, consultant says.
Macau tycoon Stanley Ho’s family is selling a site in Tsim Sha Tsui, while actor Nicholas Tse’s shop in Central rented out at a big discount.
Vanke Hong Kong, a local unit of China Vanke, says some lenders, including Bank of Communications and OCBC Hong Kong, will offer mortgages.
Earnings took into account HK$5.66 billion (US$729.3 million) of deficit from a revaluation of investment properties.
Strong results for Sun Hung Kai Properties and Henderson Land show improving sentiment after a stamp-duty cut, agents say.
Kerry Properties sold 59 of the 133 flats on sale at the Hava residential project in Yuen Long as of 9.20pm on Thursday evening.
There were an estimated 42,715 high-net-worth individuals in Hong Kong last year, making up around 0.6 per cent of the city’s population.
Property agencies say potential buyers and investors are cautious due to ongoing US-China tensions.
Mainland Chinese brands are seizing opportunities from rising tourism and an influx of migrants, analysts say.
China’s second-largest carmaker lists China International Capital Corp, Huatai Securities and GF Securities as joint IPO sponsors.
While net debt increased by less than 1 per cent, the group’s net gearing ratio worsened to 57.5 per cent in December from 55 per cent in June.
Meanwhile, New World Department Store’s interim earnings nearly double on stronger performance by mainland shopping malls.
Wong is suspected of counselling or procuring another person to deal in Pegasus shares in 2017 while having knowledge of inside information.
The group ‘remains cautiously optimistic about the outlook’ for the city’s property market, chairman says.
‘Flight to quality’ of tenants is ‘absolutely going to continue’ with lots of new supply hitting the market, JLL analyst says.
