〈The Standard, May 23, 2025〉China Overseas Land & Investment won the redevelopment project in Mong Kok with over HK$861 million, meeting market estimates.
Urban Renewal Authority received at least six tenders for a redevelopment project in Mong Kok, including local giants and mainland state-owned builders.
〈Hong kong Business, May 22, 2025〉Lifestyle International Holdings Ltd.’s new shopping mall in Kai Tak, East Kowloon has attracted several luxury retailers including Coach, Chanel and Dior, apart from a slew of sports fashion brands like Nike and Adidas.
The latter is in keeping with The Twins’ slogan of being Hong Kong’s first and only “sportainment” shopping complex. Spanning more than 1.1 million square feet, it is a retail and commercial hub featuring two towers with more than 700 tenant spaces, housing a mix of fashion, entertainment, dining, and lifestyle brands.
〈Asian Post, May 21, 2025〉Overall consumer prices increased by 2% year-on-year in April, marking a larger rise compared to March, as per the Census & Statistics Department.
Excluding one-off government relief measures, underlying inflation was 1.3%, also up from March.
Price hikes were noted in several categories compared to April last year, including electricity, gas and water, transport, housing, meals out, takeaway food, miscellaneous goods, alcoholic drinks, and tobacco.
〈Hong kong Business, May 20, 2025〉Hong Kong's retail sales in March dipped by 3.5% year-on-year to $30.1b, according to the Census and Statistics Department.
After netting out the effect of price changes, the provisional estimate of retail sales for the month was 4.8% lower.
Online sales accounted for 8.1%. Provisionally estimated at $2.4b, the value of online retail sales decreased by 0.5% YoY.
〈RTHK, May 19, 2025〉Deputy Chief Secretary Warner Cheuk said on Saturday that the nine tourism projects the government unveiled this week are designed to meet changing travel patterns.
They include tours of Kowloon City, Central, and factory visits.
Cheuk, who heads a working group on developing tourist hotspots, said tourists now want more culture, history, and lifestyle rather than popular landmarks.
"There's a new normal for travelling. Before some tourists just came to eat and shop; that seems too one-dimensional," he said on a Commercial Radio programme.
