〈The Standard, Aug 8, 2026〉 Wheelock Properties' Kwu Tung project Park Silicon has unveiled the first batch of 65 units, which are priced from HK$5.05 million after discounts.
The batch in the phase 2 of the development, Palo Springs, which has an average price of HK$17,671 per square foot, comprises 23 one-bedroom units and 42 two-bedroom units. They are sized from 311 to 480 sq ft.
〈Hong Kong Business, Aug 7, 2026〉Hong Kong recorded $24.32b (USD3.1b) in real estate investment volumes in the second quarter (Q2) of 2026, up 129% year-on-year (YoY) — the sharpest growth rate of any major Asia Pacific market.
According to a JLL report, Hong Kong's Q2 growth rate dwarfed the APAC average of 38% YoY.
Only Singapore (108%) and Australia (82%) came close amongst major markets; South Korea (-5%) and China (-6%) both contracted.
The office sector was the main engine, powered by receivership sales of 299 Queen's Road Central and One Bedford Place. JLL noted that positive leasing momentum is expected to help revitalise the broader office market going forward.
〈The Standard, Aug 6, 2026〉 Beijing and Hangzhou authorities have started to apply personal income tax rates of 20 percent on returns from Hong Kong insurance policies, people with direct knowledge of the matter told Reuters on Thursday.
Mainland Chinese authorities have escalated scrutiny of offshore investments in recent months, which analysts say could weigh on money flows to Hong Kong. Taxing offshore-sourced income derived by Chinese tax residents, including returns on overseas insurance policies, is a common international practice and has been consistently upheld since the implementation of China's
Personal Income Tax Law, the official said, according to the report. Source URL : China tax authority clarifies offshore insurance income subject to domestic tax, report says.
〈Asian Post, Aug 5, 2026〉Hong Kong’s prime street shop tents are forecast to increase by 5% to 10% this year, even as mid-tier and neighbourhood malls continue to record negative rental reversions, according to a Knight Frank report.
The report said recent leasing transactions indicated improving demand in selected prime locations.
For instance, Hurlingham Polo leased a 1,200-square-foot ground-floor shop in Central for about $150,000 per month, 36% higher than the previous rent of $110,000.
〈RTHK News, Aug 4, 2026〉 US markets closed higher on Friday and Treasury yields fell after the government reported that employers unexpectedly cut 23,000 jobs last month.
Every major index notched a second straight week of gains, which included several fresh records. It marks a strong start to August following several weak months.
The S&P 500 rose 47.68 points, or 0.6 percent, to 7,757.64. That topped the all-time high it set on Tuesday. The benchmark index has been on a record run throughout the year.
