On Thursday, Hong Kong Financial Secretary Paul Chan Mo-po announced the 2017-2018 budget. This was Mr. Chan’s first budget announcement following John Tsang Chun-wah’s resignation in December to enter the run for Chief Executive. The event marked the final budget of the outgoing administration of Chief Executive Leung Chun-ying. Despite the introduction of additional demand cooling measures and a commitment to […]

One Kai Tak Special Unit Sold At HK$30,011/ssf A 1,606-square-foot special flat in the second phase of One Kai Tak (II) from China Overseas sold for HK$48.198 million, or HK$30,011 per salable square foot, by tender yesterday. It was the most expensive flat in terms of price per saleable square foot at One Kai Tak since the project was launched in […]

US Fed Raised Interest Rates by 0.25% The Federal Reserve raised interest rates on Wednesday for the second time in three months, by a quarter percentage point to a target range of 1% to 1.25% as it proceeds with its first tightening cycle in more than a decade. The Fed’s policy-setting committee indicated the economy had been expanding moderately, the […]