〈The Standard, Dec 9, 2023〉With stamp duties in Hong Kong having been reduced and a pause in interest rate hikes by the United States, potential buyers are entering the market at an accelerated pace, resulting in some estates seeing deals being made, albeit with slight discounts.
A 603-square-foot, two-bedroom unit on a lower floor in Tai Koo Shing, Quarry Bay, was recently put on the market with an asking price of approximately HK$8.8 million.
It was sold off for HK$8.5 million, after some to-and-fro negotiations, or around HK$14,096 per square foot, according to Midland Realty, which was in line with current market values.
At Liberte, Cheung Sha Wan, a high-floor two-bedroom apartment with an area of around 517 sq ft was listed for sale at HK$8.8 million in September.
〈Asian Post, Dec 8, 2023〉In the pursuit of maintaining its status as a global maritime hub, Hong Kong stands at a crucial crossroads this year, recognising the need for more than just a profit tax regime to lure in more shipping companies.
Experts, such as Dr. Eugene Wong from The Hang Seng University of Hong Kong, point out that more work has to be done for companies to set up headquarters in the city and for more vessels to fly its flag.
Hong Kong Business interviewed Wong, associate head and associate professor at the university’s Department of Supply Chain and Information Management, on the sidelines of the recent Asian Logistics, Maritime and Aviation Conference 2023 held during the Hong Kong Maritime Week.
〈Hong wLong Business, Dec 7, 2023〉Swire Properties will commence a programme to buy back $6m worth of its ordinary shares from the open market.
In a bourse filing, the company said it plans to fund the buyback programme through its available capital and cash reserves.
"The board believes that the current financial resources of the company would enable it to implement the programme whilst continuing to maintain a solid financial position," the company said.
The company will start its buyback programme on 6 December and conclude it at its annual general meeting in May 2025.
〈The Standard, Dec 8, 2023〉Secondary private home prices fell to a six-and-a-half-year low after falling for three weeks in a row, according to an index compiled by Centaline Property.
The Centa-City Leading Index, which reflects the trend of Hong Kong's second-hand property prices, dropped 0.23 percent weekly to 150.71. For the past three weeks, it has been down by 2.1 percent.
The indexes for small and medium-sized flats and large-sized flats have dropped by about 0.2 percent and nearly 0.3 percent respectively.
〈Asian Post, Dec 6, 2023〉The government recorded a deficit of $172,9b in the first seven months of the current financial year.
The government said it recorded a deficit after taking into account the proceeds of $66.6b received from the issuance of green bonds.
From April to October, the government also posted an expenditure of $413.9b and revenue of $174.4b.
Meanwhile, fiscal reserves stood at $661.9b by the end of October.
App下载
