Hong Kong’s homebuyers should be mindful of the impact of the upward cycle of interest rates in the US as local banks are likely to follow suit, thus reducing the appeal of the city’s property assets, ... ( read original story ...)
HKMA Buys HK$9.255 Billion From Market as Currency Hits Weak End of Trading Band
Hong Kong's de-facto central bank bought HK$9.255 billion ($1.18 billion) from the market in New York trading hours to stop the local currency weakening and breaking its peg to the U.S. dollar. The ... ( read original story ...)
Hong Kong woman scorches forehead while drinking Flaming Lamborghini
A woman in Hong Kong accidentally scorched her forehead while drinking a Flaming Lamborghini in a bar in Central on Wednesday, according to local media reports. ( read original story ...)
Hong Kong Jumbo Floating Restaurant towed away after 46 years
Hong Kong's iconic Jumbo Floating Restaurant was towed out to sea for good on June 14, years after its business continued on unprofitably even before the pandemic struck. Onlookers at the Aberdeen ... ( read original story ...)
Watch: Hong Kong residents bid farewell to Jumbo Floating Restaurant as it is towed to secret location
Admirers watched helplessly as the iconic Jumbo Floating Restaurant was towed away from Aberdeen Harbor in Hong Kong on June 14. Founded in October 1976, Jumbo Floating Restaurant became the second ... ( read original story ...)
Hong Kong ranked world’s fifth most competitive place
Hong Kong has been ranked the fifth most competitive place in the world by the International Institute for Management Development (IMD), up from ... ( read original story ...)
Hong Kong’s famed floating restaurant is towed away, sunk by COVID-19 after half a century
Hong Kong's famed Jumbo Floating Restaurant is no more, with the giant tourist attraction being towed from Aberdeen Harbour, making it the latest victim of the COVID pandemic. ( read original story ...)
In Hong Kong’s property market, HK$10 million no longer buys what it did in 1997
Average home prices on the secondhand market have increased 2.4 times since 1997, with some flats appreciating by more than 450 per cent. ( read original story ...)
Hong Kong’s Rate Hikes to Drive Down Costly Housing Prices
Rising interest rates in Hong Kong are pushing up costs for homeowners and threatening to drive down prices in the world’s most expensive housing market. ( read original story ...)
Developers’ aggressive loan schemes could put financially weak buyers at risk if Hong Kong home prices fall, analysts say
However, if home prices drop, the buyers may need to pay extra to take into account the drop in the value of the property when they shift to another mortgage plan, Wong added. The Hong Kong Monetary ... ( read original story ...)
New Hong Kong textbooks say it was never a British colony, calls 2019 protests ‘terrorist activities’
New Hong Kong textbooks appear to favor Beijing's accounts of history, with the texts stating that the island was never a British colony and describing the 2019 pro-democracy protests as “terrorist ... ( read original story ...)
Hong Kong police chief defends enforcement of Covid-19 rules
The head of the Hong Kong Police Force has defended officers’ enforcement of Covid-19 rules while attending a district council meeting on Tuesday. After the meeting, Commissioner of Police Raymond Siu ... ( read original story ...)
Video of kneeling 12-year-old girl slapped in the face over 20 times by teens goes viral in Hong Kong
A viral video of a 12-year-old girl kneeling and being repeatedly slapped in the face incited a citywide police search for her five assailants in Hong Kong. The 12-year-old victim kneeled as a group ... ( read original story ...)
FirstFT: Hong Kong fund managers plead officials to reopen border
Hong Kong’s fund managers have called on the government to reopen the city’s borders and warned of a “permanent” loss of talent even as Covid-19 cases rose in the Chinese territory. Sally Wong, chief ... ( read original story ...)