Someone just paid over $600,000 for a parking spot in Hong Kong

In case you're keeping track, that's HK$5.18 million. Robb Report If you think millennials have it tough in the US, they really have it hard in Hong Kong. In the latest installment of jaw-dropping Hong Kong property prices, a parking spot in the Upton ... ( read original story ...)

Hong Kong stocks open lower after HKMA raises interest rate

Hong Kong stocks opened lower on Thursday after the city’s de facto central bank followed a US decision and lifted the base interest rate. Hong Kong’s benchmark Hang Seng Index dropped 0.4 per cent, or 103.6 points, to open at 25,772.3, while the Hang ... ( 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 ...)

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 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 ...)

Shape up and keep up, business leaders tell Hong Kong at forum

Hong Kong should strive for the title of Asia’s cultural hub as well as have the courage to break out of its comfort zone, according to panel members at the “Celebrating Hong Kong’s Coming of Age” conference organised by the South China Morning ... ( read original story ...)