1 week ago Hong Kong and Singapore prime office rents set to equalise by 2027: CBRE

Prime office rents in Hong Kong and Singapore are expected to reach parity within two years, driven by diverging dynamics in demand and supply for office properties in the rival business hubs, according to CBRE. By the fourth quarter of 2027, tenants in premium office spaces in Hong Kong were set to pay just over US$122 per square foot per year, while those in Singapore would face slightly higher costs at about US$123 per square foot annually, said Ada Choi, head of research for Asia-Pacific at...

Politics

2 w. ago Hong Kong’s fourth local chikungunya case unrelated to past 3: health officials

Hong Kong’s fourth locally acquired chikungunya fever case resulted from a new source of infection unrelated to previous ones, health authorities have confirmed, urging those living in the same area as the patient to seek medical advice if they show symptoms. The Centre for Health Protection said on Wednesday that the source of the fourth case’s infection was genetically distinct from the previous imported and locally acquired cases. The fourth locally acquired case is a 68-year-old woman living...

Politics

2 w. ago Hong Kong’s Tsim Sha Tsui holds ground as world’s fourth priciest shopping strip

Hong Kong’s Tsim Sha Tsui remained the world’s fourth most expensive retail strip with rents at US$1,515 per square foot per year, as two other core shopping districts in the city – Causeway Bay and Central – also ranked among the Asia-Pacific’s priciest shopping locations, according to Cushman & Wakefield. London’s New Bond Street jumped two spots from last year to emerge as the world’s most expensive retail district, according to the real-estate services consultancy’s 35th “Main Streets Across...

Economics

2 w. ago Chikungunya may be spreading silently in Hong Kong, experts say after fourth case

Hong Kong may have silent chains of chikungunya fever transmission in the community, a leading infectious disease expert has warned, as authorities have yet to identify the source of the city’s fourth local case recorded last week. Joseph Tsang Kay-yan, co-chairman of the Hong Kong Medical Association’s advisory committee on communicable diseases, said on Monday that authorities should step up mosquito control, noting that cooler weather and declining cases in neighbouring Guangdong province...

Politics

2 w. ago Chikungunya may be spreading silently in Hong Kong, expert says after fourth case

Hong Kong may have silent transmission chains of chikungunya fever in the community, a leading infectious disease expert has warned, as authorities have yet to identify the source of the city’s fourth local case recorded last week. Joseph Tsang Kay-yan, co-chairman of the Hong Kong Medical Association’s advisory committee on communicable diseases, said on Monday that authorities should step up mosquito control, noting that cooler weather and declining cases in neighbouring Guangdong province...

Politics

3 w. ago Hong Kong’s fourth local chikungunya case ‘may be linked to new infection source’

Hong Kong’s fourth locally reported case of chikungunya fever could have resulted from a new source of infection unrelated to previous ones, a leading medical expert has warned, adding that heightened surveillance by authorities could uncover more patients. Professor Jasper Chan Fuk-woo of the University of Hong Kong’s microbiology department issued the warning on Friday, a day after a 68-year-old woman living in Shau Kei Wan was listed as the city’s fourth locally acquired case. “Based on the...

Politics

3 w. ago Fourth local Hong Kong chikungunya case ‘may be linked to new infection source’

Hong Kong’s fourth locally acquired chikungunya fever case could have resulted from a new source of infection unrelated to previous ones, a leading medical expert has said, adding that heightened surveillance by authorities may uncover more patients. Professor Jasper Chan Fuk-woo of the University of Hong Kong’s microbiology department issued the warning on Friday, a day after a 68-year-old woman living in Shau Kei Wan was listed as the city’s fourth local case. “Based on the epidemiological...

Politics

3 w. ago Hong Kong trails Dubai, Singapore in list of destinations for the rich

Hong Kong ranks fourth globally as a destination for high net worth individuals (HNWIs) thanks to its robust business and economic fundamentals as well as its educational credentials, but trails perennial rival Singapore, according to a Savills study. Dubai took the top spot, followed by New York and then Singapore, with Abu Dhabi in fifth, the consultancy said in its inaugural HNWI Hotspot Index, released on Tuesday. The report analysed nearly 100 destinations on five metrics: business...

Politics