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Policy Address 2023: Hong Kong halves the buyer stamp duty for the first time

  • By: Junzhe JIANG、Lisheng CHENGEdited by: Zimo ZHONG
  • 2023-10-25

Hong Kong Chief Executive John Lee announced that the buyer stamp duty is halved and published the stamp duty suspension arrangement with immediate effect for incoming talents on Wednesday to boost the local property market in his latest policy address. The Hong Kong government will cut the current buyer stamp duty in half to 7.5% and will postpone levying double stamp duties for incoming talents who have not yet become Hong Kong permanent residents.  Meanwhile, the applicable period of special stamp duty will be shortened from three years to two years, meaning property owners will no longer pay the 10% special stamp duty if they choose to resell the property after two years of acquisition. “Compared with last year’s policy, these new policies are more direct to property buyers,” said Martin Wong, head of research and consultancy for Knightfrank, a global property consultancy based in Hong Kong. John Lee published the Proposed Refund Mechanism for non-local residents to attract talent in his 2022 policy address with the condition that the double stamp duties will be refunded if non-permanent residents buy their new property after Oct. 19, 2022. Terence Li, senior principal account manager of Centaline Property, said: “30% stamp duties are always too high for non-local buyers, and last year’s policy is not that attractive as it’s hard for those non-local residents to reach the seven-year mark.” The price of properties in Hong Kong dropped 15.2%, and the trading amount of primary and secondary markets dropped 39% in 2022 compared with 2021, according to the Rating and Valuation Bureau of Hong Kong. From 2009 to 2016, a series of measures were introduced with the intention of reducing speculative demand and restraining the surging home prices that had surged after the conclusion of the SARS outbreak in July 2003. The special …

Society

Canada's Leylah Fernandez wins the Hong Kong Tennis Open Title 2023

  • By: Jemima BadajosEdited by: Rajnandini PANDEY
  • 2023-10-21

The 6th Prudential Hong Kong Tennis Open concluded on Sunday with 21-year-old Leylah Fernandez from Canada taking her first title of the 2023 season at the women’s singles, beating Czech Republic's Katerina Siniakova.

Society

Kulturnatten's 30th Anniversary: A Night of Light and Culture in Copenhagen 13/10/2023

  • By: Tsz Yau CHANEdited by: Wisha LIMBU
  • 2023-10-20

Copenhagen's annual Culture Night, known as "Kulturnatten," dazzled the central city with lights, music, and a resilient spirit despite challenging weather conditions. The 30th Anniversary of this celebration had an impressive turnout of over 63,000 attendees.  All cultural night events required a Culture Pass at a cost of 110 Danish Krone  (HK$121) from either a mobile app or through 7-Eleven stores. The Culture Pass covered free transportation on trains, buses and the Metro in selected city areas from 4 am to 4 pm during the event. The charming streets of Copenhagen were transformed into a vibrant tapestry of culture. Museums, city halls, and churches which normally closed at night were all lit with majestic light shows.  Reflecting on the event's growth since 1993, Marie Myschetzky, Secretariat manager for Kulturnatten, noted the remarkable expansion from 45 events in the first year to over 200 high-quality special events after 30 years. Myscheytzky emphasised the event’s role in making culture and the city accessible to everyone. "New generations are invited behind the scenes of the city, and spaces are created for delving into history and contemporary topics in an exciting way," she said. As night fell, the once-silent library underwent a magical transformation into a mysterious maze adorned with lasers and music, concealing treasures of acorns. Kathrine, 41, and her son Cal, 3 visited the Norrebro Library and went on a treasure hunt in the Labyrinth of books and shelves.  Young detectives like Cal eagerly embarked on a quest to discover hidden acorns. Upon finding them, Cal skillfully assembled them into figurines using sticks and glue. “The Culture Night event is really good for family activities. Cal gets to visit places that are usually closed at this time,” said Kathrine. “When I was young, I would go to other ball parties at Culture …

Society

Digital Art Fair 2023 highlights AI-generated art on nostalgic theme

  • By: Juncong SHUAI、Junzhe JIANGEdited by: Bella Ding
  • 2023-10-19

The 2023 Asia edition of the Digital Art Fair kicked off with nostalgia at K11 Art & Cultural Centre today, highlighting AI-generated art. It is the first post-pandemic digital art fair in Hong Kong with a special exhibition zone dedicated to AI-generated art. “AI can unlock the creativity of artists,” said Jessica Marinaro, senior director at digital artwork market, MakersPlace, “Artists can train AI to be an expert in their work and be prompted like ‘if you were me, what would you do next’.”  The Red Prayer of Park Young Sook’s Moon Jar I & II is the result of collaboration between new media artist, Ming Shiu and her AI partner Genesis Kai.  They used traditional Korean Joseon ceramics to explore interaction with Asia’s diverse cultures. “We artists have also been super nostalgic but we will use the tools of the future,” said Herman Rahman, Co-Curator and Fair Manager of  Art & Technology. Take Your Time, a site-specific and multi-sensory installation, was created by Hong Kong artist, Jonathan Jay Lee under the inspiration of old neon lights in this city. The artwork is meant to showcase and preserve the cultural heritage of Hong Kong utilising digital technology, according to Digital Art Fair. Echoing a theme of nostalgia but beyond generative arts, digital artist Henry Chu launched Rainfall Piano this year, which is made of just LED lights, screens and stones. “I was driven by technology to showcase something new because it could easily attract people’s eyeballs and earn quick money,” said Chu, “But I want to go back to the purity of art…many artists are focusing on the origin of the art after the pandemic.” This year’s fair also includes four other sections: the immersive zone filled with 3D animations, the Inspire Zone of web3 technologies, the Prestige Zone displaying …

Society

Hong Kong FIA World RX Finale to be held next month

  • By: Yau To LUMEdited by: Ka Ki FUNG
  • 2023-10-18

Hong Kong will be hosting the FIA World Rallycross Championship Finale for the first time at the Central Harbourfront Event Space from 10-12 November . It is the city’s first motorsport race since the Formula-E race was held in 2019 and the first-ever World Rallycross city race. The season finale is certified by the Hong Kong SAR government as a Major Sports Event, also known as the “M” Mark Event. It is also the first international all-electric motorsport competition in the Asia-Pacific region. Leslie Wong, CEO of World RX Hong Kong Management Limited, expressed his gratitude for the contribution from the government. “The support from the government is really strong in which they are responding with whatever they can to help organize this championship,” Wong said in a press conference. Wong added that the season finale would lead to the development of a track in Hong Kong to nurture local competitive drivers. "I would say hopefully the path or the future development of motorsports is that we will have our own permanent racecourse in Hong Kong, but it will be a long way, and I hope this is the first step towards it," he said. The circuit in Hong Kong would be around 1.2 km long, composed of 37% alternating gravel and 63% asphalt sections, the latter of which will be all closed public roads. Klara Andersson started her competitive career in 2021 and is the only woman among ten drivers competing in the finale next month. “This will be the first city centre race, I think it's really inspiring and also the first time for an all-electric motorsport competition to be held in Asia Pacific. It's a lot of excitement and I really think that we will put on a good show,” she said. The young driver also recommends …

Society

Young adults play hide-and-seek with modern technology twist

  • By: Lisheng CHENGEdited by: Yixin Gao
  • 2023-10-16

Hong Kong's first urban “cat-and-mouse” game took place at Kowloon Walled City Park on Oct 15, where 40 people engaged in an exciting chase through sharing satellite positioning.   The game was created and initiated by the HKGo organization, a business that has organized more than 100 outdoor and indoor activities that participants pay to play. The game is the company’s first outdoor game combined with modern techonology. The game is a combination of hide-and-seek and tag with players divided into cats and mice. The cats hunt the mice and gain bracelets when a mouse is hit with an inflatable stick. The game is played until all the mice have been converted to cats. Players must stay within the boundary of the park.  The cat with the most bracelets and the last surviving mouse are crowned kings.  Players pay HK$48 to join the game and kings win HK$88 each. Players share their real-time positions with the satellite positioning function of Gaode Map, a map app.  Bruce Shen, 28, one of the organizers, said the hide-and-seek aspect is not new, but adding the satellite positioning technology escalates the excitement and challenge level of the game. Shen, also a founding member of the Hong Kong Science and Technology Association, and his business partner, Michael Hua, 29, studied information technology. They aspire to combine traditional games and outdoor activities with new information technologies to bring a fresher experience to young adults. “Seeing the cat only ten meters away from me on the map without knowing the exact spot was a nerve-wracking moment,” said Clara Chen, 23, a mouse player. Yiqi Chan, 22, a cat player, united with other cats and discussed plans to catch mice. His partner distracted the mice from the front while he climbed up the hill from the back to chase …

Society

Hong Kong Electronics Fair attracts global buyers with creative technology and consumer electronic products

  • By: Ka Man Wong、Ji Youn LeeEdited by: Nga Ying LAU
  • 2023-10-14

Hong Kong Autumn Electronics Fair kicked off on Friday at Wan Chai’s Convention and Exhibition Centre and attracted 3,200 exhibitors from 22 regions, hoping to expand business opportunities. Registered booths showcased home and office appliances and featured wireless charging, network technology, robotics, artificial intelligence and Internet of Things (IoT) home appliances.  Huizhou TCL Mobile Communications, ranked second in Omdia’s 2022’s Global TV Household Database, presented their tab series with a pad like Amazon’s Kindle.  “The fair helps TCL reach the potential customers, sell tablets with full-colour electronic paper display to foreigners or overseas education institutes,” Liu Cui-chan, 30, a product manager of TCL said. Felix Chan, 23, is an engineer for MircroFlow, a startup which specialises in manufacturing microbe detecting kits ten times faster than commercial products. MicroFlow partnered with HKBU to introduce faster detection kits for drug-resistant germs.  “I didn't know so many people were interested in my products,” he said. “I think it is a great chance to talk about my product to a wider audience”. The Hall of Fame Zone at the new wing encompassed consumer electronics products of emerging brands from South Korea, Indonesia, Malaysia and the Philippines.  Hong Un-gi, 28, the sales specialist for Hantle, a Korean manufacturer of scanners and ATMs, flew from Korea through a government program aiming to connect Korean companies and international buyers administered by the Korean Institute for Advancement of Technology. “One of my goals is to look at similar industries and competitors and reference their sales techniques,” Hong said. “I want to build new connections and get potential buyers.”  The organiser, Hong Kong Trade Development Council (HKTDC), and partners are also hosting more than 80 events and forums at the fair, according to the press release. International product demos and a pitching competition for startups are planned for later …

Society

Typhoon Koinu leaves thousands stranded at Hong Kong airport

  • By: Hanzhi YANG、Xiya RUIEdited by: Tsz Yin HO
  • 2023-10-12

Thousands were left stranded at the Hong Kong airport on Sunday after the suspension of the airport train and buses and a shortage of taxis during typhoon Koinu. The Hong Kong Observatory issued typhoon signal 9, the second highest signal, at 11.50 pm on October 8 as typhoon Koinu approached the coast of Guangdong. According to the Observatory, most places in Hong Kong had more than 100 millimetres of rain and reaching 200 millimetres in some districts such as Hong Kong Island East. Speaking on RTHK, the Hong Kong's Airport Authority stated that 90 flights were cancelled throughout the day and another 130 were delayed. But some 60 flights that landed that evening brought in hundreds of passengers. Most public transport services stopped soon after signal 9 was issued, including the Citybus’s Cityflyer route and MTR’s Airport Express, which give access to the airport and urban areas. The waiting time for taxis exceeded three hours, leading to frustration among incoming passengers complaining about the insufficient supply of taxis in the city. “We have been waiting for over two hours, but we haven't even reached the halfway point of the queue,” said Moses Chan, 37, a Singaporean visitor waiting in line, adding that he and his wife were shocked by the overwhelming crowds. “Due to the typhoon, the supply of taxis in Hong Kong is actually very low, with only dozens of taxis arriving at the airport per hour,” said Kelly Tang, a staff member of the airport who was responsible for managing order. Airport staff also expressed their apologies for the situation, and free water along with around-the-clock catering services was distributed to those stranded at the airport. “The waiting time is really long, with no end in sight,” Chan, the Singaporean traveller added. Chan and his wife chose to …

Society

Typhoon Koinu leaves thousands stranded at Hong Kong airport.

  • By: Xiya RUI、Hanzhi YANGEdited by: Tsz Yin HO
  • 2023-10-12

Thousands were left stranded at the Hong Kong airport on Sunday after the suspension of the airport train and buses and a shortage of taxis during typhoon Koinu. The Hong Kong Observatory issued typhoon signal 9, the second highest signal,  at 11.50 pm on October 8 as typhoon Koinu approached the coast of Guangdong.  According to the Observatory, most places in Hong Kong had more than 100 millimetres of rain and reaching 200 millimetres in some districts such as Hong Kong Island East. Speaking on RTHK, the Hong Kong's Airport Authority stated that 90 flights were cancelled throughout the day and another 130 were delayed. But some 60 flights that landed that evening brought in hundreds of passengers.  Most public transport services stopped soon after signal 9 was issued,  including the Citybus’s Cityflyer route and MTR’s Airport Express, which give access to the airport and urban areas.  The waiting time for taxis exceeded three hours, leading to frustration among incoming passengers complaining about the insufficient supply of taxis in the city. “We have been waiting for over two hours, but we haven't even reached the halfway point of the queue,” said Moses Chan, 37, a Singaporean visitor waiting in line, adding that he and his wife were shocked by the overwhelming crowds. “Due to the typhoon, the supply of taxis in Hong Kong is actually very low, with only dozens of taxis arriving at the airport per hour,” said Kelly Tang, a staff member of the airport who was  responsible for managing order. Airport staff also expressed their apologies for the situation, and free water along with around-the-clock catering services was distributed to those stranded at the airport. “The waiting time is really long, with no end in sight,” Chan, the Singaporean traveller added. Chan and his wife chose to …

Society

17-year-old Hong Kong student found alive after missing for a week

  • By: Yau To LUMEdited by: Tsz In Warren LEUNG
  • 2023-10-12

Matthew Tsang Hin-chit, the 17-year-old teen who was missing for a week, was found alive by rescue teams at Ma On-shan Country Park on Wednesday.  Firefighters found the Diocesan Boys’ School’s pupil in a bush near Lo Shue Tin Hang in Wong Tai Sin, Kowloon. Tsang was found unclothed but was not injured. Firefighters also gave him a bottle of energy drink. According to the police, no suspicious circumstances were detected. He was conscious while being taken to the Eastern Hospital for further treatment. Chow Cheuk-fung, the station commander of Sha Tin Fire Station, said in a press briefing that the rescue teams, including the Mountain Search team and other supporting forces, had mobilised 28 fire trucks, and nine ambulances, with 122 firefighters and 24 ambulance men. Cheung Tin-yu, senior station officer, said in the same briefing that the search had covered 28.8 square kilometres, adding that the rescue team even faced immense obstacles due to the limited information and extreme weather conditions, such as the Black rainstorm signal and typhoon Koinu that hit the city.  “The rescue team did not know the exact route Tsang had headed, as he did not carry any communication devices, so they could not track his location,” Cheung said. “The terrain was dangerous, and we have been facing Typhoon Koinu and rainstorms in the last week.”  The station officer also said the results team used technology like drones for taking pictures, and that the photos were analyzed by artificial intelligence to narrow down the search areas. Amy Chan, the rescued pupil’s mother, expressed gratitude on social media after realizing that her son was found alive. “Although it had been eight days, No. 9 Increasing Gale or Storm signal and black rainstorm signal, we never give up, and it was a miracle that my son …