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Cheryl Arcibal
Senior Reporter, Business
Before moving to Hong Kong, Cheryl covered the economy in her native Philippines.
Before moving to Hong Kong, Cheryl covered the economy in her native Philippines.
Areas of Expertise:
Property, insurance, retail, social mediaLanguages Spoken:
English, Filipino
Home prices in the secondary market have lost 1.7 per cent this year, dragging an official index to the lowest level since July 2016.
Partnering with International Workplace Group ‘makes a lot of sense to tap into growing demand for hybrid working’, CEO says.
Purchase follows the Securities and Futures Commission’s acquisition of its own permanent office in Quarry Bay in late 2023.
Construction of nearly 14 million sq ft of R&D facilities is under way in China’s top two cities, report says.
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The pricing is about 20 per cent below second-hand properties in the district in the New Territories, Midland Realty says.
The 22-storey luxury property in Macau’s Coloane district was estimated last year to be worth US$309 million.
Annual rent in Causeway Bay shopping district has declined 46 per cent on average between 2018 and 2024, according to Cushman & Wakefield.
Snack maker adds to property holdings in city as some analysts predict improvements in retail sales.
‘We think the Hong Kong office market is not structurally impaired,’ Morgan Stanley’s Praveen Choudhary says.
To help Hong Kong companies in the UAE, Al Nasser says it would offer support including regulatory guidance and market insights.
Futu could be paying HK$1.2 million (US$154,000) per month in rent, a steal compared to the HK$8.6 million in monthly rent that Burberry paid in 2018.
China’s growing dominance in export market share is causing tension with the US and emerging markets, JPMorgan Private Bank says.
Sales of new and lived-in homes, shops, office units, car parking space and industrial properties jumped by 55 per cent to 6,657 lots last month.
Financial institutions approved mortgage loan applications worth US$3.3 billion in February.
Plum properties sell for songs, but bargains may not last as demand for upscale homes is up 50 per cent from last year, agents say.
Secondary home prices have declined by a cumulative 27 per cent since January 2022, according to government data.
Trump’s 25 per cent tariffs on US car imports to take effect from April 2, saying this would spur growth.
UBS revises its 2025 forecast to flat from a 5 per cent decline, while JLL sees signs of stabilisation as Shenzhen shopping craze cools.
The Hang Seng Index is under consolidation as traders await development on the US tariffs front, says analyst Kenny Wen.
The city has 15 million sq ft of excess office space, more than all the current space in the main business district.
‘The global economy is expected to remain challenging in 2025’, says CK Asset chairman Victor Li Tzar-kuoi.
Tycoon ensured a lasting legacy after he handed over control of the group to his two sons Peter Lee and Martin Lee well ahead of time.
UK, Portugal and Australia see influx as investment migration becomes ‘essential insurance’ against uncertainty, consultant says.
Macau tycoon Stanley Ho’s family is selling a site in Tsim Sha Tsui, while actor Nicholas Tse’s shop in Central rented out at a big discount.
Vanke Hong Kong, a local unit of China Vanke, says some lenders, including Bank of Communications and OCBC Hong Kong, will offer mortgages.
Earnings took into account HK$5.66 billion (US$729.3 million) of deficit from a revaluation of investment properties.
Strong results for Sun Hung Kai Properties and Henderson Land show improving sentiment after a stamp-duty cut, agents say.
Kerry Properties sold 59 of the 133 flats on sale at the Hava residential project in Yuen Long as of 9.20pm on Thursday evening.
There were an estimated 42,715 high-net-worth individuals in Hong Kong last year, making up around 0.6 per cent of the city’s population.
