〈The Standard, May 9, 2026〉The Pavilia Farm III in Tai Wai, co-developed by New World Development (0017) and MTR Corporation (0066), sold three units by tender on Friday, totaling HK$81 million.
One of them is a 1,014-square-foot four-bedroom unit, sold for HK$30.72 million. Another one is a 746-square-ft three-bedroom unit, sold for HK$21.26 million. The project has sold 304 units for nearly HK$5 billion.
(Hong Kong Business,May 7, 2026〉Total retail sales rose 12.8% YoY in March to a provisional $33.9b, according to the Census & Statistics Department.
After adjusting for price changes, retail sales volume increased 9.8% from a year earlier. Online sales accounted for 9.7% of total retail sales value.
The value of online sales was provisionally estimated at $3.3b, up 35.1% YoY.
Motor vehicles and parts posted the sharpest increase, with sales jumping 80.8%. The Government said purchases spiked ahead of the expiry of the first registration tax concessions for electric private cars at the end of March.
〈The Standard, May 6, 2026〉HSBC has "substantially completed" a review of its lending policies and practices after taking a US$400 million (HK$3.12 billion) provision against a fraud in its UK business, Chairman Brendan Nelson told shareholders on Friday.
The bank reported the unexpected charge — linked to the collapse of British mortgage lender Market Financial Solutions — along with its first-quarter results on Tuesday.
"We have been looking at other facilities of a similar nature to see to what extent there are lessons to be learned," Nelson told shareholders. He added that so far the bank has determined the issue to be a one-off rather than anything systemic.
〈Asian Post, May 5, 2026〉HSBC has raised its GDP growth forecast for 2026 to 3.8%, from 2.7%, after the economy posted stronger-than-expected growth in the first quarter.
The bank also raised its 2027 forecast to 3.0%, from 2.8%, putting both projections above Bloomberg consensus estimates of 3.0% for 2026 and 2.5% for 2027.
Hong Kong’s economy grew 5.9% YoY in the first quarter, its strongest quarterly expansion in nearly five years. HSBC said the strong Q1 print, resilient trade flows, and improving domestic demand provided a stronger base for the year.
〈RTHK News, May 3, 2026〉Hong Kong’s second biggest public housing provider said on Saturday that reserving 400 units for those displaced by the devastating Wang Fuk Court fire in November would have minimal impact on other applicants looking for a subsidised flat.
The move to give victims priority purchasing rights for the 400 Housing Society units in Fanling and Kwun Tong is part of the government’s buyout plan for owners of flats in the seven residential blocks ravaged by the blaze.
For the 2026-2027 fiscal year, the society is putting up more than 1,400 flats for sale.
