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15.05.26 - 14:00
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6 bids for Hong Kong land sale signal renewed confidence despite market caution (SCMP)
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The Hong Kong government's first land sale in the current financial year has drawn six bids, according to the Development Bureau, including those from the city's largest developers, suggesting a more confident outlook for the residential property market.
At the close of tender for Tung Chung Town Lot No 54 at Area 106A on Friday noon, Sun Hung Kai Properties (SHKP) submitted a solo bid, while Kerry Properties and Sino Land submitted a joint offer, the groups separately confirmed to the South......
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15.05.26 - 00:30
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Hong Kong GDP Data Due On Friday (AFX)
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HONG KONG (dpa-AFX) - Hong Kong will on Friday release Q1 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. In the previous three months, GDP was up......
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14.05.26 - 13:00
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Chow Tai Fook turns from tenant to owner with US$51 million Hong Kong school property deal (SCMP)
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Chow Tai Fook Enterprises, the private investment vehicle of Hong Kong property tycoon Henry Cheng Kar-shun's family, and related parties, has acquired a Taikoo Shing school campus from Swire Properties in a deal estimated at about HK$400 million (US$51 million), which analysts described as a bet on long-term demand for international schools in the city.
The deal – nearly doubling the property's valuation from an internal transfer in late 2023 at HK$213 million – marks a change from leasing to......
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14.05.26 - 01:00
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Hong Kong′s Central office rents set to reverse multi-year slump with gains in second half (SCMP)
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Office rents in Hong Kong's Central district are expected to rise faster in the second quarter of the year, according to analysts, a reversal of a multi-year slump that began in the second half of 2019.
The latest forecast was made by US bank Citi, which said premium offices in the city's main business zone had seen rents rise 1.7 per cent from a trough in October, with room for further increments between the second half this year and 2027.
“Lease negotiation dynamics had started to favour......
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13.05.26 - 11:30
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Hong Kong′s first biodiversity loan goes to Henderson Land for Central Yards green spaces (SCMP)
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Henderson Land Development secured the first biodiversity loan in Hong Kong, receiving around HK$100 million (US$12.8 million) from HSBC and Hang Seng Bank for green initiatives at Central Yards, the company's flagship mixed-use development on the New Central Harbourfront.
This loan would provide a “scalable blueprint” for companies to achieve their sustainability goals and enhance Hong Kong's position as a leading international sustainable finance centre, according to the two banks.
The......
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13.05.26 - 09:12
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Aktien Asien: Südkoreanische Börse deutlich erholt (DPA-AFX)
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SEOUL/TOKIO/HONGKONG/SHANGHAI (dpa-AFX) - Die asiatisch-pazifischen Börsen haben am Mittwoch erneut uneinheitlich tendiert. Dabei waren die Veränderungen zumeist eher gering. Ausnahme war der südkoreanische Markt, der sich von den Vortagesverlusten erholte....
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13.05.26 - 03:36
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Hong Kong biotech firm uses AI to produce nano-rockets that deliver life-saving drugs (SCMP)
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Artificial intelligence has shortened drug development from years to just 18 months, the founder of METiS TechBio said, as the AI-driven drug design start-up made its Hong Kong debut on Wednesday amid strong investor appetite for AI-related stocks in the city.
“We see ourselves like a SpaceX-style company,” Lai Tsai-Ta, co-founder and CEO of METiS TechBio, who obtained a PhD from the Massachusetts Institute of Technology in the US, said.
“We use AI algorithms to design a large number of......
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12.05.26 - 14:06
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Hong Kong gold push delivers record US$732 million ETF inflows in April (SCMP)
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Hong Kong's push to become a gold trading hub is beginning to bear fruit, with the city recording a surge in gold exchange-traded fund (ETF) inflows in April as geopolitical tensions fuel investor demand for the yellow metal, according to industry participants.
Physically backed gold ETFs in Hong Kong attracted a record US$732 million last month, according to the World Gold Council. That represented 41 per cent of Asia's US$1.8 billion inflows and 11 per cent of the global total of US$6.6......
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