In January 2024, Hong Kong's property prices hit a seven-year low, with the property transaction volume and the number of mortgages reaching near-historic lows. The market's subdued performance was attributed to low market confidence, high-interest rates, and the impact of previous property stam...
He unveiled a series of measures to consolidate growth and increase Hong Kong's global competitiveness, including the much-anticipated measures to bolster the property market. Hong Kong will cancel all demand-side management measures for residential properties with immediate effect, Chan said, adding t...
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Hong Kong is a special administrative region of China, located to the east of the Pearl River estuary on the south coast of China. Hong Kong was a British territory for decades until it rejoined China in 1997. It is a vibrant cultural and financial cente
In 2016, mainland investors spent more than 5.3 billion dollars in the Hong Kong property market, a year-on-year increase of 60 percent, according to a report released by Colliers International, a global leader in commercial real estate services. ...
the UK, France, the Netherlands) to incentivize R&D activities by taxing revenue from patents at a reduced rate. We welcome the introduction of the “patent box” tax incentive as it can attract more R&D to Hong Kong and assist in evolving Hong Kong into a regional intellectual property hub...
A bill introducing a patent box tax incentive in Hong Kong would be introduced into the Legislative Council in the first half of 2024. The proposed incentive would allow eligible intellectual property (IP) income derived from eligible IP assets that are patents or patent-like to be taxed at a...
there are signs that economic uncertainty is starting to affect the commercial property sector. We believe in the short term real estate activity will remain relatively depressed due to ongoing economic challenges. That said, the fundamentals of the city state's real estate market still look positiv...
You should be refunded within 21 days after check-out, subject to an inspection of the property and outstanding balance. Starting from 1 January 2025, Hong Kong will reinstate the Hotel Accommodation Tax (HAT) at a rate of 3%, based on the room rate provided by the property. This may ...
Hong Kong market still feeling the chill as aircon maker Midea floats $4bn secondary listing is exchange’s biggest offering since 2021 but does not signal a revival, say analysts September 2 2024 New World Development Co Ltd Hong Kong property developer warns of first annual loss in 20 years...