〈The Standard, Oct 23 , 2025〉The Ovolo Central hotel in Central was reportedly sold for around HK$250 million recently – a whopping 51 percent slump in just four years – to the father of an outgoing legislator.
The 25-story property changed hands for HK$255 million, down from HK$523 million in 2021, local media reported. The buyer is said to be Charles Leung Ying-wai, chairman of Hong Kong China Development. He is also the father of Hong Kong Island East legislator Edward Leung Hei, who said earlier that he will not seek re-election for the tDemocratic Alliance for the Betterment and Progress of Hong Kong, or DAB.
〈Hong Kong Business, Oct 23, 2025〉Hong Kong has surpassed 2,700 single family offices (SFOs), reinforcing its position as Asia’s top destination for managing ultra-high-net-worth (UHNW) wealth, according to the 2025 Julius Baer Family Barometer, developed with PwC Switzerland.
The region's over 2,700 SFOs now outnumber Singapore’s 2,000, reflecting the city’s resurgence as a trusted financial and governance hub.
Its proximity to Mainland China, established financial infrastructure, and deep market connectivity continue to attract families seeking regional growth opportunities.
〈Asian Post, Oct 20, 2025〉Hong Kong’s seasonally adjusted unemployment rate rose to 3.9% in July to September from 3.7% in the June-to-August period.
The underemployment rate remained at 1.6%, indicating that overall working hours were unchanged.
Employers cut about 6,100 jobs, bringing total employment to 3.67 million, while the labour force slipped to 3.83 million.
Unemployment rose in construction and social work, reflecting slower activity in labour-intensive sectors. Food and beverage services stayed stable, while finance and healthcare added jobs on continued service demand.
〈Hong Kong Business Oct 22 , 2025〉Hong Kong’s office market total net absorption during the third quarter (Q3 2025) increased by 137.5% over the first quarter, driven by stronger leasing momentum from IPO-related and wealth management tenants, according to JLL.
The overall office vacancy rate continued to improve, declining from 13.6% in June to 13.4% in September, JLL said in its Preliminary Market Summary Q3 2025 report.
In Central and Kowloon East, vacancy rates dropped by 0.8%, whilst Wanchai and Causeway Bay recorded a rise of 2.5% to 12%.
〈RTHK News, Oct 24, 2025〉The International Monetary Fund (IMF) on Friday warned that Asia's annual economic growth pace could slow down to 4.5 percent for 2025 in spite of a stronger-than-expected performance in the first half.
The prediction came as the global financial body released its Regional Economic Outlook for Asia and Pacific 2025 report, which noted that while Asia remains the fastest-growing region in the world, growth would "moderate" in the second half, with the full-year rate to be 0.1 percent lower than last year's 4.6 percent.It also predicts that the regional economic growth would slow down further to 4.1 percent in 2026.
