Property
The Jesus Is Lord Church Ltd. secured a favorable ruling from the Hong Kong High Court in a dispute over a Kowloon property. The court rejected all claims by JIL Investments Ltd. The judgment confirmed the church's full legal and beneficial ownership under a lease-to-own agreement.
Riportato dall'IA
Hong Kong's government investment agency, the Hong Kong Investment Corporation, will take on a bigger role in attracting commercial property investment while advancing an alliance for Chinese-developed RISC-V chips. Financial Secretary Paul Chan Mo-po pledged additional funding to the corporation in Wednesday's budget speech. The HKIC manages HK$62 billion (US$8 billion) in government funds and has invested in more than 190 high-technology projects.
The One Park Place development in Yau Tong has attracted strong demand, with 110 units sold soon after launch following discounts of up to 15 percent from developers Sino Land, CSI Properties, and MTR. This occurs amid expectations of interest rate cuts and rising demand, signaling hopes for market recovery in 2026. The sale, originally set for November 28, was postponed due to a deadly fire in Tai Po's Wang Fuk Court.