Hong Kong’s economy grew steadily by 3.1% in early 2025. Yet, the labor market remains challenging, with 25% of employers planning staff cuts soon amid ongoing global uncertainties and business restructuring. These shifts require HR professionals in Hong Kong to understand the laws governing layoffs, dismissals, and severance payments carefully while adopting efficient HR technologies […]
What is Turnover Rent? Turnover rent, also known as percentage rent, is a commercial lease arrangement where part or all of the rent a tenant pays is based on a percentage of their business turnover at the premises. Unlike traditional fixed rent, turnover rent adjusts according to the tenant’s sales performance — the higher the […]
On 18 June 2025, the Legislative Council of HKSAR passed the Employment (Amendment) Bill 2025 (“the Bill”), which revises the “continuous contract” requirement under the Employment Ordinance (Cap. 57). This amendment aims to make it easier for employees to qualify for comprehensive employment benefits by relaxing the conditions that define continuous employment, including those with […]
The Hong Kong Monetary Authority (HKMA) recently announced a significant milestone in data collaboration between the HKMA’s Commercial Data Interchange (CDI) and the Land Registry (LR) through the Government’s Consented Data Exchange Gateway (CDEG) (LR@CDI). It enables authorized users to retrieve up-to-date land and property information efficiently, reducing manual checks and accelerating decision-making. Banks can […]
A well-managed real estate portfolio can be a powerful source of long-term wealth, but maximizing its value requires strategic planning, efficient operations, and smart investments. Whether you own residential, commercial, or mixed-use properties, optimizing performance involves proactive management, leveraging property technology (PropTech), and staying ahead of market trends. Here are five key strategies to enhance […]
Effective property management lies in informed decision-making. In today’s fast-paced world, the traditional way of making decisions based on experience and market knowledge is no longer practical as data has become a fundamental part of the strategic vision of a property management or real estate company. Data analytics is the process of collecting and analyzing […]
According to the Government, Hong Kong’s Statutory Minimum Wage will be raised from HK$40 to HK$42.1 per hour starting May 1, 2025. While this adjustment aims to improve the livelihoods of workers, it will inevitably lead to higher operational costs for businesses, including property management companies. These companies are labor-intensive, relying on staff for tasks […]
The Hong Kong Government announced the Hong Kong Climate Action Plan 2050, which outlines strategies and targets for achieving net zero greenhouse gas emissions by around 2050. Hong Kong is also committed to taking action under the Paris Agreement, which calls upon the Parties to cooperate with the private sector, civil society, financial institutions, cities […]
2025 is around the corner, and the business world continues to evolve and transform swiftly, bringing new opportunities and challenges—they are two sides of the same coin. As we head into the new year, it is crucial for C-suites and boards of directors to navigate uncertainties and challenges and seize opportunities. By staying ahead of […]
With a view to enhance the retirement protection of employees and strengthen the retirement reserves, the Legislative Council passed the Employment and Retirement Schemes (Offsetting Arrangement) (Amendment) Bill 2022 on 9 June 2022. The Ordinance seeks to abolish the use of the accrued benefits derived from employers’ mandatory contributions under the Mandatory Provident Fund (“MPF”) […]