According to JPMorgan in "The Big Bank", if the one-month HIBOR stabilizes at 2%, it will result in an average profit decline of 21% for Hong Kong Banks this year.

JPMorgan released a research report indicating that the one-month Hong Kong Interbank Offered Rate (HIBOR) has decreased by about 200 basis points to approximately 1.92% over the past two weeks, significantly lower than the bank's average forecast of 3.75% for the entire year. It estimates that if the one-month HIBOR remains at around 2% for the rest of the year, it could lead to an average decline of 21% in Hong Kong banks' profits this year, with Hang Seng (00011.HK), BOC HONG KONG (02388.HK), Dah Sing Bank (02356.HK), and BANK OF E ASIA (00023.HK) potentially experiencing declines of 14%, 16%, 21%, and 32% respectively.

AASTOCKSMay 13 11:07

The "Port Tower" North Point Emperor Palace re-records a big buyer purchasing two units for food, with a total of 318 units sold.

NEW WORLD DEV (00017.HK) continues to have strong sales at its North Point flagship, with the latest report today (9th) indicating that a large buyer purchased two units. One is B9 on the 27th floor of VICTORIA ZONE, with a usable area of 343 square feet, a one-bedroom layout, sold for 7.351 million yuan, with a price per square foot of 21,431 yuan. The other is B8 on the 27th floor, with a usable area of 351 square feet, a one-bedroom layout, sold for 7.4 million yuan, with a price per square foot of 21,083 yuan. The entire project has recorded nearly 30 large buyers purchasing two or more units, with the largest amount being over 0.1 billion yuan spent by a high-profile buyer for two large apartments, one of which has a transaction price per square foot reaching 5.

AASTOCKSMay 9 16:16

The Gorgeous Hotel Group appoints a new Chief Operating Officer, starting in September.

Rosewood Hotel Group has announced the appointment of Anthony Ingham as Chief Operating Officer, effective September 1 this year. He will comprehensively manage the group's operations and drive the implementation of the strategy vision, while also being responsible for coordinating Global management strategies, including operations, business, customer relationship management, retail, wellness, digitalization, and E-Commerce, with the aim of leading the group to improve operational and business effectiveness, reporting to the group’s Chief Executive Officer, Sonia Cheng. Furthermore, to further strengthen the group's operational management, Rosewood Hotel Group has announced the appointment of Luca Finardi as Vice President of Operations for Europe, the Middle East, the Caribbean, and Africa.

AASTOCKSMay 9 15:19

Jones Lang LaSalle: In the first quarter, Real Estate Investment in the Asia-Pacific region increased by 20% year-on-year, while Hong Kong fell by 17.8%.

According to data and analysis from Jones Lang LaSalle, commercial property investment in the Asia-Pacific region is expected to grow by 20% year-on-year to $36.3 billion in the first quarter of 2025, reaching the highest first-quarter investment amount since the interest rate hike cycle began in 2022. Even in the face of tariff pressures, the region has recorded year-on-year growth for six consecutive quarters. Investments in all real estate sectors, except for industrial and logistics properties, have increased, reflecting that investors continue to make rational decisions based on objective Fundamental Analysis. In terms of cross-border investment, the Asia-Pacific region recorded an inflow of $8.6 billion in overseas capital in the first quarter, a significant year-on-year increase of 152%, reaching a new high for the same period since 2019. Among them, office buildings...

AASTOCKSMay 8 12:33

NEW WORLD DEV (00017.HK): During the May Day holiday, the average daily visitor flow at Shenzhen K11 ECOAST surpassed 0.25 million.

NEW WORLD DEV (00017.HK) stated on its official Weibo that on the first day of the 'May Day' holiday this year, the new cultural landmark in Shenzhen, K11 ECOAST Coastal Cultural and Art District, experienced a peak in visitor traffic, with a total of 0.3 million visitors, and the average daily visitor flow during the 'May Day' period was 0.25 million. This project, developed by K11 Group, has a total construction area of 0.2285 million square meters and aims to create a world-class coastal cultural and artistic area that integrates art, culture, and nature. The first phase of this project commenced trial operations last Monday (April 28), while the second and third phases are scheduled to open sequentially next year. Additionally, this project is located in Shekou Prince Bay, adjacent to Metro Line 12.

AASTOCKSMay 7 07:26

The North Point "Imperial Tower" high-rise two-bedroom units with storage room sold for over 13 million. Two additional high-rise units have been launched in response to the market.

NEW WORLD DEV (00017.HK) sold a high-floor unit of VICTORIA ZONE in North Point today (6th). The unit is the 30th floor A8 unit, featuring two bedrooms and a storage room, with a usable area of 524 square feet, selling for 13.455 million, at a price of 25,677 dollars per square foot. Only the last two similar units are still available for sale. In response to market demand, the developer has released two more high-floor A8 units in VICTORIA ZONE (31st and 32nd floors) for sale. Currently, a total of 316 units in 皇都 have been sold, with an average price of about 22,500 dollars per square foot, accounting for over 93% of the available units.

AASTOCKSMay 6 17:48