Business & Finance

Shared homestay pressures HK hotels in low season

Reporter: Kevin Lau Editor: Winnie Lee Shared homestay has become the top choice of young visitors to Hong Kong, affecting the city’s hotel industry with the business of some traditional hotels falling below breakeven levels during the low tourist season, industry people said. Liu Gongcheng, chairman of the Hong Kong Tourism Hotels Association, said that …

Business & Finance

Young home buyers keen on first home program

NewGen First Home Program, which aims to help young people to buy their first property with an initial down payment as low as 7.5%, has been oversubscribed by more than 80 times, showing a strong demand from Hong Kong's new generation. New World Development (0017) unveiled the program earlier this year for people aged between 25 …