Hong Kong Economy
Hong Kong's Land Registry reported 8,692 transactions across all property sectors last month, up 12.3% from March. Residential sales reached 7,368 units, the highest in two years. Total sales value rose sharply.
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Hong Kong recorded 714,765 mainland Chinese visitors in the first three days of the Labour Day 'golden week' holiday from May 1 to 3, up 4.8% from last year. Total arrivals reached 854,929, slightly higher than 803,612 last year, though industry players noted uneven spending despite potential 90% hotel occupancy.
A French aeronautical services company planning Hong Kong’s first aircraft dismantling business has called for government support such as tax breaks while launching a training programme for local technicians. The Elior Group expressed optimism about securing land for operations by the third quarter of 2026.