Latest news with #PolicyAddress
HKFP
3 days ago
- Politics
- HKFP
Hong Kong leader John Lee to deliver Policy Address in September, public consultation to start Monday
Hong Kong Chief Executive John Lee has announced that he will deliver the 2025 Policy Address earlier in September, with public consultation on it to start on Monday. The Policy Address is typically unveiled in October. However, because the Legislative Council (LegCo) elections will be held in December, the government has decided to bring it forward this year, Lee told reporters on Tuesday. The 2025 Policy Address will be Lee's fourth address since he took office in July 2022. Lee announced in March that the legislative elections would be held on December 7. It will be the second election since authorities introduced an electoral overhaul in 2021 to ensure only 'patriots' could stand for office. In March 2021, Beijing passed legislation to ensure 'patriots' govern Hong Kong. The move reduced democratic representation in the legislature, tightened control of elections and introduced a pro-Beijing vetting panel to select candidates. The Hong Kong government said the overhaul would ensure the city's stability and prosperity. But the changes also prompted international condemnation, as it makes it near-impossible for pro-democracy candidates to stand. July 1 discounts Lee also announced on Tuesday a series of events and special offers to mark the 28th anniversary of Hong Kong's handover to China on July 1, including flag-raising ceremonies, carnivals, and a foot drill performance, as well as free transport and discounts. Railway operator the MTR will distribute 71,000 electronic tickets through a lottery on July 1, and winning passengers can take a free ride on a designated local route any day within six months, he said. Members of the public can also ride the Star Ferry between Tsim Sha Tsui and Wan Chai and the tram for free for three consecutive days starting from July 1. In addition, more than 1,000 eateries and shops will offer promotions on July 1. Various indoor and outdoor recreational facilities- including the Hong Kong Wetland Park, permanent exhibitions at the Hong Kong Science Museum and the Hong Kong Space Museum, all exhibitions at the M+ art museum, and all special exhibitions at the Hong Kong Palace Museum – will be open for free on that day, the chief executive said.
RTHK
3 days ago
- Business
- RTHK
Next Policy Address to be delivered in September
Next Policy Address to be delivered in September John Lee says public consultations for his upcoming Policy Address will begin on Monday. Photo: RTHK Chief Executive John Lee on Tuesday said he will deliver his next Policy Address in September, a month earlier than usual. Lee said the change is being made due to polls in December for the city's legislature. Public consultations ahead of the address will begin next Monday, the SAR leader announced ahead of this week's Executive Council meeting, with more than 40 online and in-person sessions as well as two district forums. "This year, I'm advancing the delivery of the Policy Address to September, because at the end of this year, there'll be the Legislative Council general election. The Legislative Council's term will end early," he said. "I'll advance the consultation sessions on the Policy Address, because I take very seriously the communication and interaction between the executive [authorities] and the legislature. I need to have sufficient time to listen to the views of the public and different sectors." Lee set out 138 key performance indicators (KPIs) in his blueprint a year ago, which he said departments were able to meet. "The policy objective of the government now is to strive for economic development and improve people's livelihoods. That would be the focus of the Policy Address," he said. Asked about reports that director of the Hong Kong and Macau Affairs Office Xia Baolong will visit Hong Kong this month, Lee said his administration will make announcements in due course if there is any information relating to the Beijing official's activities. Xia paid inspection tours to the SAR in 2023 and 2024.
Associated Press
03-03-2025
- Business
- Associated Press
Cushman & Wakefield appointed as Lead Sales Agent for the Sale of an Enbloc building including the whole Student Accommodation located at No. 33 Cooke Street/ No. 13 Lo Lung Hang Street, Hung Hom
HONG KONG SAR - Media OutReach Newswire - 3 March 2025 - Cushman & Wakefield has been appointed by the owner as the lead sales agent for the sale of the enbloc building including the whole student accommodation located at No. 33 Cooke Street/ No. 13 Lo Lung Hang Street, Hung Hom. The property has a total building area of approximately 7,501 square feet (Not verified.) and is currently listed at HKD 85 million with existing tenancies. Acquired and renovated by a fund in October 2021, the property features three shops, generating around HKD 80,000 per month. The residential section comprises 50 rooms, managed by IRENT as student apartments. According to IRENT's website, room rentals inclusive of management fees range from HKD 6,610 to HKD 9,240 and occupancy levels are high. There is potential to upgrade the rooms to all include an ensuite bathrooms, which would further enhance rental returns. Additionally, the property can be sold as a company, offering investors greater flexibility and convenience. The location boasts excellent connectivity, with Ho Man Tin MTR Station just a 6-minute walk away, and both Hung Hom MTR Station and Whampoa MTR Station approximately 10 minutes on foot. The Hong Kong Polytechnic is about a 15-minute walk from the property and Metropolitan University is just a 19-minutue walk away. Situated in Hung Hom, it is adjacent to the new residential project Baker Circle developed by Henderson Land and the Onmantin development atop Ho Man Tin MTR Station by Great Eagle. The surrounding neighborhood features numerous shops and dining options, providing convenient amenities to meet diverse needs. Mr. Alvin Lau, Director of Capital Markets in Cushman & Wakefield, stated: 'In the 2024 Policy Address, the government reaffirmed its commitment to establishing a 'Study in Hong Kong' brand by increasing the quota for non-local students from 20% to 40%. This initiative is expected to attract a greater number of non-local students to pursue their studies in Hong Kong, resulting in a projected shortage of at least 55,400 university accommodation places. Due to the insufficient availability of on-campus accommodation, students who are unable to secure university accommodations will inevitably turn to the private market. This strong demand presents significant business opportunities for both private real estate investors and student hostel operators. As private student accommodations are specifically designed for students, investing in student apartments has increasingly become a popular choice. It offers investors stable rental income, making it an attractive option for long-term investment strategies. Hashtag: #Cushman&Wakefield The issuer is solely responsible for the content of this announcement. About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit or follow us on LinkedIn (
