HK Office Rents: Grade A office rents in Hong Kong’s Central district, the world’s most expensive for four years running, have started to edge downwards. They fell 0.1% in Q2. Wan Chai and Causeway Bay each fell 0.4%. Blame the US-China trade war, apparently. Readmore.
Macau Eyes Singapore:Singapore has been earmarked as the next key source market for tourism expansion by the Macau Government Tourism Office as it looks to open an office in the city-state. Read more.
OPPO Invests:Smartphone maker OPPO broke ground on a new R&D center in Dongguan on Wednesday. Costing RMB2.2 billion, the center focuses on developing and testing smartphones and their accessories. It will open in 2024. Read more.
Hengqin Booms:Zhuhai’s Hengqin has seen residential sales take off in the first half, up 166% YoY, thanks to a more relaxed policy toward Hong Kong and Macau residents. Read more.
Guangzhou Cools:Guangzhou became the first Chinese city to increase mortgage rates as property sales rebounded in the first half of the year. Shenzhen’s banks have so far not followed suit. Read more.
Nansha Hospitals:Guangzhou’s Nansha district will invest RMB10 billion to build five new hospitals and an additional RMB5.5 billion for the renovation and expansion of existing hospitals. Read more.