Hong Kong, with some of the world’s highest housing costs and inequality, must now figure out how to help thousands of residents who lost friends, family and homes.
Hong Kong fire: Major property developers considering blanket ban on smoking at worksites
Property developers in Hong Kong are pushing for a complete ban on smoking at worksites, following last week’s deadly fire at Wang Fuk Court in Tai Po. Residents say workers had been seen smoking …
Mainland Chinese developer Country Garden gets Hong Kong court-backed debt lifeline
Onshore and offshore restructuring plans expected to reduce debt by US$12.7 billion and ease repayment pressure over the next five years.
ISS, property manager in Hong Kong fire case, defends ‘admin role’, watchdog disagrees
Property Management Services Authority vows to rigorously follow up on any suspected breaches in wake of deadly Wang Fuk Court fire.
Hong Kong fire expected to be credit-negative for reinsurers
AM Best expects a material portion of the gross incurred loss from the deadly Hong Kong apartment fire to be transferred to reinsurers. This could halt downward pressure on Hong Kong property …
BofA, UBS, Goldman Halt Festivities After Deadly Hong Kong Blaze
Bank of America Corp., UBS Group AG and Goldman Sachs Group Inc. are among global finance firms canceling festive celebrations in Hong Kong this month as a mark of respect for those killed in the city …
Denmark’s ISS under scrutiny after Hong Kong’s deadliest fire
A deadly Hong Kong fire kills 159 and triggers investigations – Danish firm ISS faces scrutiny for its role as property manager of the estate.
Danish facilities group ISS falls on link to towers in deadly Hong Kong fire
Danish facility management group ISS said on Tuesday its unit had been the property manager for a Hong Kong building complex hit by the city’s deadliest fire in decades, but had no role in renovations …
Chinese autonomous driving firm Momenta files for Hong Kong IPO, sources say
Chinese autonomous driving developer Momenta has confidentially filed for a Hong Kong initial public offering, two people with knowledge of the matter said.
Hong Kong insurers face profit pressure in aftermath of deadly Tai Po fire
The devastating fire in Tai Po is likely to hurt profitability at Hong Kong’s property insurers and could prompt them to review pricing strategies that have led to lower premiums amid fierce …