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Lessons learned in the 1997-2004 slump helped some weather the storm while others were buffered by investments in luxury malls and non-property assets. ....
Hong Kong property tycoons on Friday joined forces to hold a grand lottery, dangling a top prize of HK$10.8 million (S$1.8 million) in the world’s costliest housing market as an incentive for hesitant residents to get vaccinated against Covid-19. A lack of trust in the government and concerns over rare side effects have led to a sluggish vaccination roll-out in. ....
May 21, 2021 The 133-year-old Peak Tram is one of the world’s oldest funicular railways and rises to 396 metres above sea level. South China Morning Post Hong Kong will bid farewell to the classic burgundy carriages of the Peak Tram next month, with the famed tourist attraction to close temporarily for the completion of a delayed facelift costing more than HK$700 million (S$120 million). The Peak Tramways Company announced on Thursday (May 20) the fifth generation of carriages would be retired and services suspended for about six months from June 28, with new cars set to be launched later this year. Company general manager May Tsang Ying-mei said the elderly would be able to enjoy discounted fares for the next few weeks. ....