‘Nano flats’ dominates supply of new homes in Hong Kong

According to the Hong Kong government’s Rating and Valuation Department, close to 83 per cent of the completed housing units this year are small units, defined as area below 753 sq ft. One-third of new homes are below 430 sq… Continue Reading →

759 Store: fast-expanding snack retail chain loses steam

Fast-moving consumer goods segment in Hong Kong is tough: costs of rent and labour rise quickly, price competition is fierce, and online challegeners are strong. 759 Store, a fast growing groceries retail chain of over 200 stores sprung up since… Continue Reading →

First working day of First female Chief Executive

Since the first female Chief Executive Carrie Lam Cheng Yuet-ngor has token her office on July 1, her new administration has been showing a refreshingly new governance approach and common touch to the public eye. Unlike to previous July 1… Continue Reading →

Groupon sold its Hong Kong business while Alibaba expands

Retailers are accelerating their expansion in online shopping in Hong Kong. Online shopping in Hong Kong and has now become a vital part of local consumers online purchasing habits, at least one purchase online is made in the last three… Continue Reading →

Hong Kong ranked 1st as world’s most competitive economy

Hong Kong placed first for 2 consecutive years The International Institute of Management Development (“IMD”), Swiss research institution, published its latest World Competitiveness Yearbook 2017 which compared and ranked 63 economies based on 4 major indicators namely “economic performance”, “government… Continue Reading →

Beijing-favored candidate won Hong Kong’s chief executive election

Carrie Lam is first woman to fill that position On March 26, Hong Kong announced that Carrie Lam, the former Chief Secretary for Administration of Hong Kong, will be the special-administrative territory’s new chief executive beating former Financial Secretary John… Continue Reading →

Hong Kong taken in Chinese-led Asia Infrastructure Bank

China-backed Asian Infrastructure Investment Bank expands its global members include 70 countries The Beijing-led Asian Infrastructure Investment Bank (“AIIB“) approved the membership application of Hong Kong and 12 other jurisdictions including include Canada, the world’s 10th largest economy, as well… Continue Reading →

Hong Kong signs AEOI tax agreements with 6 jurisdictions

Belgium, Canada, Guernsey, Italy, Mexico and the Netherlands team with Hong Kong to curb tax evasion Hong Kong Governement has been seeking to expand Hong Kong’s AEOI network with worldwide tax treaty partners. The signing of agreements with six more… Continue Reading →

Expensive Housing Drags Hong Kong’s Quality-of-Living Rankings

Singapore tops Japan as the best Asia’s city for living The annual survey by Mercer, used by multinational companies to design expat packages, ranked Hong Kong 71 out of 231 cities for quality of living – dropping one spot from… Continue Reading →

DBS staff arrested for alleged corruption in customer data leak

Anti-corruption agency has arrested 20 people of former and current staff in the bank’s sales team in a prob connected with an alleged leak of customer data, according to a report by Hong Kong’s Apple Daily. Apple Daily reported, the… Continue Reading →

Stamp duty on residential property deals raised to 15%

Latest SAR government’s supportive measure to local home hopefuls Hong Kong residential real estate deals will be subjected to stamp duty of 15 percent of the value from midnight of 5th November, announced at a briefing involving the Chief Executive… Continue Reading →

HK private home prices mark record high of 2016

Prices 3.46pc lower than their peak in September 2015 According to data released by the Rating and Valuation Department on 31st October, Hong Kong home prices rose by 2.78 percent in September (a month-to-month growth rate), marking 8.88 percent the… Continue Reading →

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