Hong Kong just set another property-price record. This time, it was for a parking space. A 188-square-foot space on Hong Kong island sold for HK$5.18 million ($664,300), or HK$27,500 a square foot, last month, newspaper Ming Pao reported Wednesday ... ( read original story ...)
A $664,000 Parking Spot Symbolizes Hong Kong’s Property Frenzy
HONG KONG — In many places, $664,000 can buy you a nice house. For that price in Hong Kong, you can buy a slab of concrete, roughly 17 feet long and 11 feet wide, to leave your luxury car. Hong Kong is now home to a very expensive parking spot ... ( read original story ...
How To Find a Quality Internship in Hong Kong? (A Global Business Boost)
Want to take your experience from paper and dorm rooms to real world experience? An experience is a great way to do that – and especially in a global city in Hong Kong. For me, internships during my time in college helped me define what it was I liked ... ( read original story ...)
HKMA raises rates after US Fed move, reiterates warning to home buyers
The Hong Kong Monetary Authority raised its base rate by 0.25 percentage points on Thursday morning, following the US Federal Reserve’s overnight move. In announcing the decision, HKMA chief executive Norman Chan Tak-lam reiterated his warning to Hong ... ( read original story ...)
Hong Kong banks stand pat as HKMA tightens interest rates in line with the Fed
HSBC kept its interest rate for Hong Kong dollar savings accounts unchanged at 0.001 per cent, while the Bank of China Hong Kong and Hang Seng Bank maintained their rates at 0.01 per cent. The HKMA, Hong Kong’s de facto central bank, increased the base ... ( read original story ...)
Hong Kong stocks set to open lower after interest rate rise
Hong Kong stocks look set to open lower on Thursday after the city’s de facto central bank followed a US decision and lifted the base interest rate. The Hang Seng Index futures spot June contract lost 0.2 per cent, or 42 points, to 25,700 in the pre ... ( read original story ...)
HSBC to keep best lending rate at 5 pct in Hong Kong
HONG KONG, June 15 HSBC Holdings Plc will maintain its best lending rate at 5 percent in Hong Kong, the bank said on Thursday, after the territory's defacto central bank raised its discount window base rate. The Hong Kong Monetary Authority earlier raised ... ( read original story ...)
Hong Kong Wants a 3rd Runway. Will Its Dolphins Pay the Price?
HONG KONG — As pink fins surfaced off the boat’s port side ... Some critics say that the project should not have been approved because of the potential impact on dolphins and that HSBC, the project’s financial adviser, bears some responsibility ... ( read original story ...)
Hong Kong youth ‘too comfortable’ and don’t care about innovation, says ex-finance chief Antony Leung
Former financial secretary Antony Leung Kam-chung says that young people in Hong Kong are living lives which are “too comfortable,” and they do not care about innovation. Leung, now the group chairman and CEO of Nan Fung Group, was speaking at a youth ... ( read original story ...)
Parking space sold for record $664K in Hong Kong
Last month, a Hong Kong tycoon bought an entire carpark building for $3 billion in the city’s central business and shopping district. Hong Kong property is consistently ranked among the world’s most unaffordable, and prices continue to soar. ( read original story ...)
Hong Kong lacks official strategy on viral hepatitis, study finds
A study by a Hong Kong university has found that the city’s government lags behind other Asia-Pacific jurisdictions in terms of preventing and treating chronic viral hepatitis – linked to liver cancer. Chinese University researchers surveyed 13 ... ( read original story ...)
Hong Kong plans for a city that’s growing older
Planners here still see Hong Kong that way. But they also are looking at the long-term trends, and grappling with a force they cannot stop: Hong Kong is getting older. That’s true of both the city’s people and its built environment — a phenomenon ... ( read original story ...)
A Scenario-Based Guide to Hotels for Business Travel in Hong Kong
A quick, no-nonsense guide to where to stay for business trips in one of the world’s most spectacular cities: Hong Kong. This is the first of several articles highlighting where to stay on business in some of the world’s most interesting cities. ( read original story ...)
Prized Hong Kong parking space sold for record US$664,000
Its property prices are famously sky-high but now a Hong Kong parking space has been sold for an eye-watering HK$5.18 million (US$664,200) in what local reports said was a world record. The space is on the first floor at a luxury apartment complex near the ... ( read original story ...)