Hong Kong News

Hong Kong Unveils New Investment Scheme to Attract Global Millionaires and Boost Economy

Hong Kong introduces a new investment scheme offering residency for a HKD30 million investment, aiming to boost the economy by attracting global millionaires. Over 800 applications...

Hong Kong's Unemployment Rate Stays at 3.1%: What's Behind the Stability?

Hong Kong's seasonally adjusted unemployment rate stayed at 3.1% in the September-November period, with the government noting potential sector-specific impacts from global economic...

Hong Kong Luxury Flat Fire Sales: A $16M Loss for Property Tycoon

The chairman of property developer Agile recently sold units in Hamburg Villa, located in the Kowloon Tong district of Hong Kong, at a significant loss. The units were sold for a t...

Luxury Homes in Hong Kong Sold at Steep Discounts as Chinese Tycoons Struggle

Chinese tycoons are selling luxury homes in Hong Kong at steep discounts, with some properties going for less than half their purchase price. This trend is driven by distressed sel...