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    Neighbourhood

    Hong Kong’s economy is bracing for a steep dive after the coronavirus epidemic spread through Hong Kong and now globally, prompting a surge in shop closures and a mild increase in unemployment rate. The real estate market, having been on a long bull run, ultimately bows to a perfect storm triggered by the virus outbreak, trade war and social unrest, with the number of transactions plunging fast across property sectors. While waves of pessimism have been sweeping the market, the phased opening of MTR’s Tuen Ma Line in mid-February offered some sort of comfort amid bleak times.
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    Decoration & renovation

    The local residential market has experienced volatility in recent months. Sales volumes shot up almost instantly after the amendments to the Mortgage Insurance Programme, a measure that aimed to relax the ceiling on mortgage financing, took effect last October. “Since the new arrangements are in place, the secondary market has recorded over 100 transactions in just half a month. As local political tension and the US-China trade dispute appear to be abating, we expect the residential market to remain exuberant,” said Alvin Leung, regional director at Ricacorp Properties. However, market activities quickly ground to a halt in the wake of last December’s coronavirus outbreak. Worse still, putting the local economy and the lives of people under threat.
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    Feng Shui

    Chinese New Year is also known as Spring Festival, the first month of the Lunar New Year, which marks the arrival of spring.
  • Neighbourhood

    Situated in the Eastern District of Hong Kong, ShauKei Wan is one of the city’s oldest areas and home to a historic typhoon shelter. Referring to the particular shape of the coastline along the area, it was given the name “Shau Kei”, meaning colander in Chinese, while “Wan” means bay. As time went by, thelocal economic growth in Shau Kei Wan moved in tandem with the rest of the city and is on track to becoming a major residential hub in the Eastern District.
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    Neighbourhood

    Squarefoot Magazine Coffee Reward Winners List