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Hong Kong Residential Prices and Volume to Pick Up in 2025, Student Accommodation Takes the Spotlight in City’s Capital Market

New supply to weigh on office sector rental levels, while core retail high street rents continue to recover

  • Grade A office year-to-date (YTD) net absorption as at mid-November recorded 1 million sq ft, with overall rents down by 5.9% in the same period. Rents are forecast to experience further downwards pressure in the 7%–9% range in 2025.
  • Prime retail high street store leasing momentum slightly picked up in 2024, with core high street rents rising by 3%–7%. The retail rental level is expected to further increase by 3%–5% in 2025.
  • Driven by the rate cut and relaxation of loan-to-value (LTV) ratio, residential market sentiment has improved, and transaction volume is forecast reach 53,800 cases in 2024. If rate cuts continue in 2025, housing prices and transaction volume are expected to rise by 5% and 3%–5%, respectively.
  • Capital market sentiment remains cautious with YTD transaction volume of non-residential big-ticket deals recording just HK$28.5 billion as at December 6. The student housing sector is expected to remain as investors’ key focus in 2025.

HONG KONG SAR – Media OutReach Newswire – 9 December 2024 – Global real estate services firm Cushman & Wakefield today held its Hong Kong Property Markets 2024 Review and 2025 Outlook press conference. With the U.S. Federal Reserve initiating an interest rate easing cycle, coupled with the relaxation of the LTV ratio for residential properties, as stated in the Hong Kong government’s Policy Address, residential market sentiment has improved. Demand for rental housing assets has also increased, and with the government expanding the non-local student ratio, student accommodation has become a key focus in the city’s capital market. In the Grade A office sector, despite positive net absorption for five consecutive quarters, the high availability rate has kept overall rents in a downward cycle. As for the retail market, active new lettings in prime streets have reduced vacancy rates across core districts. Amid the revival of the “multiple entry” Individual Visit Schemes (IVS), we expect core high street rents to continue to recover in 2025.

Grade A office leasing market: YTD net absorption reached more than 1 million sq ft, the highest since 2019

In Q4 2024, as at mid-November, Grade A office net absorption slowed to 46,000 sq ft, but still representing the fifth consecutive quarter of positive net absorption, bringing YTD net absorption to more than 1 million sq ft, the highest level since 2019. As no major new office projects completed during the quarter, the overall availability rate edged down to 19.2%, marking the second consecutive quarter of decline. New lettings in Q4 were mainly driven by the Banking & Finance sector, accounting for about 33% of total leased area. However, demand from the education sector rose notably to 12% of total leased area, with examples such as the Hong Kong University of Science and Technology and the University of Hong Kong committing to more than 10,000 sq ft of office space in Manulife Financial Centre and Kingston International Centre in Kowloon East, respectively.

Grade A office rents continued to fall in Q4 2024 up to the end of November, by 2.1% q-o-q and 5.9% YTD (Chart 1), to record HK$45.1 per sq ft per month. However, supported by demand from insurance companies, rents in Tsim Sha Tsui fell by just 2.3% YTD, outperforming the overall market average.

Chart 1: Rents of Grade A offices in Hong Kong
Source: Cushman & Wakefield Research

John Siu, Managing Director, Hong Kong, Cushman & Wakefield, said, “The Hong Kong Grade A office market recorded net absorption of 1 million sq ft as at mid-November 2024, while the availability rate has declined for two consecutive quarters, suggesting market sentiment is somewhat improving. Looking ahead in the short-to-medium term, leasing market sentiment in the Grade A office sector will still depend on the overall economic recovery and the performance of the local IPO and stock markets, which could support leasing demand from related and downstream industries. However, as total Grade A office supply is expected to reach 3.5 million sq ft next year, the availability rate is expected to stand at above 20%, and overall Grade A office rents will continue to decline by 7%–9% in 2025.”

Retail leasing market: New leasing activities underpinned the recovery of high street rents, while Causeway Bay witnessed zero vacancy
The change in consumption patterns of tourists and local residents continued to affect the Hong Kong retail market. For the January to October 2024 period, total retail sales in the city recorded HK$312.3 billion, a y-o-y drop of 7.1%. Among the major retail categories, only Medicines and Cosmetics witnessed an increase in sales at 5.7% y-o-y, while sales in the Jewellery & Watches and Fashion & Accessories sectors, formerly very popular with tourists, fell by 15.5% and 10.6% y-o-y, respectively. This indicates a structural change in the consumption habits of tourists and local residents following city’s post-pandemic border reopening.

In Q4 2024, the overall retail high street vacancy rate among core districts fell to 7.6%, as the market continued to see leasing activity from both local and Chinese mainland brands. Across the key submarkets, Causeway Bay recorded a vacancy rate of 0%, for the first time since 2019, suggesting brands are willing to return to the traditional tourist-oriented districts amid the significant rental correction. Vacancy levels in Central, Tsimshatsui and Mongkok remained stable q-o-q, staying at 8.6%, 9.4% and 8.4%, respectively.

With the accelerating leasing momentum, high street retail rents across districts continued to rise steadily in Q4, recording a q-o-q increase ranging from 0.6% to 1.3% (Chart 2), bringing the y-o-y increase to 3% to 7%, with Central and Tsimshatsui both registering a more notable y-o-y increase of 6.7%. Meanwhile, F&B rents dropped in a range of 0.7% to 2.0% q-o-q across districts, due to the increasing operating costs and the northbound travel of Hong Kong consumers.

Chart 2: High street retail rents in prime districts in Hong Kong
Source: Cushman & Wakefield Research

John Siu added, “Throughout 2024, although the number of visitor arrivals continued to recover, the overall retail sentiment in the city has not been able to sustain the growth momentum from last year. In the face of the change in tourists’ and local residents’ consumption patterns, retailers are generally undergoing an adjustment period. While high street leasing activity in core districts has become more active, retailers have remained cautious with their expansion strategies, given the uncertainty surrounding the changing spending habits of consumers. We believe leasing demand in the coming year will mainly be driven by Chinese mainland brands who view Hong Kong as a key stepping stone to promote their brands on the international stage, gradually absorbing vacant space on high streets. Looking ahead to 2025, we believe the series of economic and consumption stimulus measures launched by the Central government will continue to benefit the Hong Kong retail market, including the recent resumption of “multiple-entry” Individual Visit Schemes (IVS) for Shenzhen residents. Coupled with the gradual easing of the strong Hong Kong dollar, we expect total retail sales in Q1 2025 to increase by 3% to 5% y-o-y, with high street retail rents across core districts recording single-digit growth of 3%–5% throughout 2025.”

Residential market: Q4 transactions improved amid rate cut, 2025 home prices to see 5% upside

Hong Kong residential market sentiment improved in Q4, with more investors and potential buyers entering the housing market again, supported by the U.S. interest rate cut in November as well as the relaxation of the LTV ratio announced by the Hong Kong government in the 2024 Policy Address. We forecast that residential transactions in Q4 2024 will reach approximately 15,800 units, up 54% q-o-q and 108% y-o-y from the previous low base, bringing the full-year 2024 annual transaction volume to 53,800 units, climbing 25% from last year’s low (Chart 3). Following the U.S. Federal Reserve’s commencement of the interest rate easing cycle, developers have been actively launching new projects, in turn competing with purchasing power in the secondary market. From January to October, primary market transactions accounted for about 32% of total residential transactions.

Chart 3: Number of residential sale & purchase agreements
Source: Land Registry, Cushman & Wakefield Research

Edgar Lai, Senior Director, Valuation and Consultancy Services, Hong Kong, Cushman & Wakefield, commented, “Rating and Valuation Department data shows that the housing price index stemmed the prior five months’ drop in October, with the index edging up by 0.6% m-o-m, narrowing the cumulative drop in the first ten months of the year to 6.8%. Meanwhile, our C

Cushman & Wakefield mid-and-small size units price index strengthened slightly by 1% in Q4, as at December 6. Home prices in popular estates across segment also rose. Prices at City One Shatin, representing the small-sized market, rebounded by 13.5% q-o-q. Prices at Taikoo Shing, representing the middle-sized market, increased by 0.7% q-o-q, while Residence Bel-Air in the luxury market moved up by 0.5% q-o-q.”

Rosanna Tang, Executive Director, Head of Research, Hong Kong, Cushman & Wakefield, added, “The U.S. Federal Reserve has cut interest rates twice since September this year, with major banks in Hong Kong following suit. This has prompted some potential buyers to reassess and compare the performance of banks’ deposit rates versus residential rental yields. In fact, our inquiry volume index in November has risen by around 18% from August’s low following the rate cuts, suggesting that the market generally believes that interest rates have peaked, thereby supporting the return of certain capital allocations to the residential market. Looking ahead to 2025, if interest rates continue to stay on a downward trend, and the stock market remains stable, we expect residential transaction volume will increase by 5%–8% to a level of 56,000–58,000 units, supporting an overall price rebound in the range of 5%.”

Non-residential investment market (deals exceeding HK$100 million): Capital market muted by high interest rates in 2024, rental housing emerging as the market highlight

Amid the high interest rate environment, bank have tightened approvals on commercial mortgage loans. Coupled with a lack of high-yield assets in the market, this shackled overall investment activity which remained sluggish through 2024. For the year to date, the non-residential investment market for deals exceeding HK$100 million has recorded 65 transactions as at December 6, with total transaction volume recording HK$28.5 billion, a drop of 41% y-o-y (Chart 4). In face of the liquidity challenges and heavy interest expenses amid the high interest rate environment, landlords are more willing to offer price discounts on property disposals, thus leading to further correction of property prices and the average deal size. At the same time, this situation has provided windows for cash-rich investors and end-users to bottom-fish. In 2H 2024, local capital accounted for nearly half of total transaction volume by consideration, while Chinese and foreign capital accounted for 34% and 17%, respectively.

Chart 4: Annual non-residential investment transactions (2015-2024*)
Source: Cushman & Wakefield Research

Tom Ko, Executive Director and Head of Capital Markets, Hong Kong, Cushman & Wakefield,

concluded, “In 2024, the office sector accounted for 43% of the total transaction number, the highest across all sectors. This was chiefly due to the significant reduction in asking prices for the asset class, thus attracting end-users acquiring assets for saving future rental expenses. Some investors are also eyeing the capital appreciation potential of new Grade A offices. Meanwhile, the retail sector accounted for around one-third of the total transaction number, with a few transactions of neighborhood malls with relatively stable rental income and shops at prime locations recorded. It is worth noting that in 2024, there were a total of nine hotel and rental housing-related transactions, at around 14% of the total number of deals this year, up from 5% in 2023. Following the renewed influx of expat talent and non-local students, demand for co-living properties, multifamily assets, and student accommodation has continued to rise. Furthermore, the latest Hong Kong Policy Address encourages the private sector to convert hotels and commercial buildings into student housing, and we believe this sector will continue to be sought-after in the coming year, particularly for those assets in prime locations with conversion potential. Looking ahead, despite the rate cut in September 2024, commercial mortgage rates are still higher than the property yields for most commercial sectors. We expect total investment volume to pick up by around 10% to HK$ 30billion in 2025.”

Please click here to download photos and presentation deck.

(From left to right) Tom Ko, Executive Director and Head of Capital Markets, Hong Kong, Cushman & Wakefield; John Siu, Managing Director, Head of Project and Occupier Services, Hong Kong, Cushman & Wakefield; Rosanna Tang, Executive Director, Head of Research, Hong Kong, Cushman & Wakefield and Edgar Lai, Senior Director, Valuation and Consultancy Services, Hong Kong, Cushman & Wakefield.
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 2023, the firm reported revenue of $9.5 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit or follow us on LinkedIn ().

Laos to Enhance Truck Weighing Stations to Prevent Road Damage

Laos to Enhance Truck Weighing Stations to Prevent Road Damage
A bad road in Sikhottabong district, Vientiane Capital (photo credit: Lao Phatthana News)

On 26 November, Ngampasong Muangmani, Minister of Public Works and Transport, addressed concerns about road damage caused by overloaded trucks while highlighting efforts to manage vehicle weight and protect the country’s infrastructure.  

Campaign launched to raise awareness for EU organic food in Hong Kong, showcasing sustainable farming and processing


HONG KONG SAR – Media OutReach Newswire – 9 December 2024 – As Hong Kong consumers increasingly prioritize health and sustainable lifestyles, EU organic food, with its strict production standards and exceptional quality, is gradually becoming a favoured choice in the Hong Kong market. To further raise awareness for EU organic food and the sustainable agricultural concepts behind it, the three-year project “European Organic: Nurturing Nature, Nourishing You,” supported by the EU, successfully held a trade workshop on November 4, 2024, at the Nature Discovery Park at K11 Musea in Hong Kong. At this event, professionals from the food sector in Hong Kong were invited to learn more about the high quality standards and wide product range that EU organic stands for.

Steffen Reese, CEO of Naturland explained the standards of EU organic products and consumer awareness.
Steffen Reese, CEO of Naturland explained the standards of EU organic products and consumer awareness.
Marco Schlüter, Head of Strategy & International Affairs at Naturland, elaborated the philosophy of organic.
Marco Schlüter, Head of Strategy & International Affairs at Naturland, elaborated the philosophy of organic.

The Green Commitment of EU Standards: Why Choose EU Organic?

EU organic food not only surpasses conventional agricultural products in quality, but its core advantage lies in strict production and certification standards. EU organic agriculture adheres to sustainable development principles, avoiding chemical pesticides and synthetic fertilizers while maintaining soil health and biodiversity through natural methods. This green production approach not only helps combat climate change but also creates a healthy habitat for wildlife.

By avoiding synthetic fertilizers and maintaining healthy soil, EU organic agriculture contributes significantly to reducing carbon emissions. Choosing EU organic food helps Chinese consumers enjoy safe and healthy products while supporting global climate protection and sustainable development efforts.

Dual Assurance of Environment and Quality: The Rigorous Certification of EU Organic Food

The certification of EU organic food covers all areas, including crop production, horticulture, livestock farming, and aquaculture. All certified EU organic foods must comply with the EU’s strict organic agriculture regulations, ensuring they meet organic standards throughout the production, processing, and trading stages. EU organic agriculture prohibits the use of genetically modified organisms and chemical pesticides, controlling pests through natural methods. These strict regulations ensure that EU organic food is not only safe and reliable but also positively impacts the environment and biodiversity.

The EU Organic Label and Naturland Certification: A Transparent Trust System

The EU organic label, known as the “European Leaf” logo, symbolizes the EU’s commitment to nature and sustainable development. Products bearing this label must contain at least 95% organic agricultural ingredients and fully comply with EU organic production standards. Each product is subject to annual inspections by independent third-party organizations, ensuring transparency in its production, processing, and sales processes. This certification system provides consumers with a trustworthy guarantee regarding the source of the products.

Guests got a chance to enjoy some EU organic canapes during the event.
Guests got a chance to enjoy some EU organic canapes during the event.

The organizer of this event is Naturland, an international organic farmers’ association and a strong advocate of global organic agriculture. While its certification standards align with EU organic agriculture regulations, Naturland has also developed a range of additional standards for organic production and processing. On top of adhering to EU organic requirements, Naturland certified farms also have to follow Naturland’s social standards to ensure safe working conditions and fair wages. Further unique Naturland requirements include the protection of valuable ecosystems, water management guidelines, and additional animal welfare standards to ensure that all livestock is raised as stress-free as possible.

Three-Year Plan: A Green Bridge Connecting the EU and Hong Kong Markets

During the launch of the communication campaign, Hong Kong stakeholders of the organic food sector mingled and exchanged ideas about the unique charm of EU organic food and drinks. The event not only reinforced the concept of EU organic food and drinks but also conveyed the environmental protection concepts behind organic products.

Steffen Reese, CEO of Naturland exchanged ideas about the EU organic foods with the HK food sectors representatives during the event.
Steffen Reese, CEO of Naturland exchanged ideas about the EU organic foods with the HK food sectors representatives during the event.

As demand for organic food and drinks in the Hong Kong market continues to grow, the EU will persist in promoting high-quality EU organic food to Hong Kong consumers through the “European Organic: Nurturing Nature, Nourishing You” project. Over the next three years, the EU will continually strengthen its cooperation with the Hong Kong market, utilizing both online and offline platforms, collaborating with local partners, and enabling more consumers to choose green, healthy, and sustainable organic food, enjoying the nourishment of nature from Europe.

Prof. Wong Woon Chung Jonathan demonstrated the unique characteristics of Hong Kong organic food market.
Prof. Wong Woon Chung Jonathan demonstrated the unique characteristics of Hong Kong organic food market.

The successful holding of this campaign launch not only showcased the exceptional advantages of EU organic food in sustainable development but also marked a significant step towards increasing the profile of EU organic food in Hong Kong, laying a foundation for long-term cooperation in green agriculture and opening a new chapter.

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The content of this promotion campaign represents the views of the author only and his/her sole responsibility.

The European commission and the European Research Executive Agency (REA) do not accept any responsibility for any use that may be made of the information it contains.
Hashtag: #EnjoyItsFromEurope #EUAgriPromo #EuropeanOrganic #EUOrganic #NurturingNatureNourishingYou #HealthyLiving #SustainableChoices

The issuer is solely responsible for the content of this announcement.

Luang Prabang Celebrates 29 Years as UNESCO World Heritage Site

Luang Prabang Celebrates 29 Years as UNESCO World Heritage Site
Women carrying baskets walk past a pagoda at dawn in Luang Prabang. (photo credit: AFP_

Today, 9 December, marks the 29th anniversary of Luang Prabang’s designation as a UNESCO World Heritage Site. Officially recognized on the same day in 1995, the city has become a symbol of cultural and architectural preservation in Laos.

Zero Fintech Group Partners with Standard Chartered Bank (Hong Kong) Limited to Enhance A.I. Financing Solutions for X Wallet with HKD800 Million Funding Limit


HONG KONG SAR – Media OutReach Newswire – 9 December 2024 – Zero Fintech Group (00093.HK) is thrilled to announce a strategic financing deal with Standard Chartered Bank (Hong Kong) Limited (“Standard Chartered”) (02888.HK) to enhance A.I. financing solutions for X Wallet. In 2024, registered users of the X Wallet App have seen an impressive uplift of 209% year-over-year, with monthly active users growing by 224%. This collaboration includes a funding limit of up to HKD800 Million from Standard Chartered to support the Group’s asset and business growth.

Zero Fintech Group Partners with Standard Chartered Bank (Hong Kong) Limited to Enhance A.I. Financing Solutions for X Wallet with HKD800 Million Funding Limit

This partnership is a pivotal move for Zero Fintech Group as it seeks to leverage proprietary A.I. technology of X Wallet to drive efficiency and innovation within the financial sector. With Standard Chartered’s funding support, X Wallet will enhance its capabilities to provide users with streamlined, cost-effective financial solutions tailored to their needs.

Carlos Chau, Executive Director at Zero Fintech Group, said, “We are excited to join forces with Standard Chartered to elevate X Wallet’s offerings. This funding support not only fuels our technological advancements but also allows us to focus on building a robust financial ecosystem that prioritizes cost efficiency and user-centric solutions.”

The funding support by Standard Chartered will also facilitate the creation of a comprehensive financial ecosystem in X Wallet, integrating various Fintech services to provide users with seamless access to a wide range of financial products from lending to payment. This holistic approach aims to redefine customer experience and empower users in their financial journeys.
Hashtag: #ZeroFintechGroup

The issuer is solely responsible for the content of this announcement.

About X Wallet

X Wallet is a cutting-edge Fintech mobile app, developed by Zero Fintech Group in 2018. As the first AI-powered digital lending app in Hong Kong, X Wallet combines advanced lending features with a seamless Buy Now, Pay Later payment solution.

Its flagship product, X Cash.AI, delivers a fully automated lending experience, approving loans within 5 seconds without any need for human intervention. This breakthrough innovation redefines traditional lending and payment methods, offering users a faster and more efficient financial experience.

SUNeVision Launches the Second Year Startup Programme

Committed to Empowering Startups and Advancing a Vibrant I&T Ecosystem in Hong Kong


HONG KONG SAR – Media OutReach Newswire – 9 December 2024 – SUNeVision Holdings Ltd. (“SUNeVision”, SEHK: 1686), the number one data centre provider in Hong Kong, is pleased to announce the continuation of its Startup Programme for the second consecutive year. This ongoing initiative aims to accelerate the growth of local startups and enhance the thriving I&T ecosystem within Hong Kong’s digital economy. The programme is designed to empower startups at every stage to innovate and scale, helping them navigate through the development journey.

SUNeVision Startup Programme is open for applications now until 4 February 2025 and will support 10 candidates in each cohort.
SUNeVision Startup Programme is open for applications now until 4 February 2025 and will support 10 candidates in each cohort.

In the Global Startup Ecosystem Report 2024[1], Hong Kong was ranked first in Asia among the world’s top 100 emerging ecosystems. With the ever-growing startup landscape in Hong Kong, SUNeVision has bolstered its support for the second cohort of the startup programme, driven by the steadfast commitment to fostering the startup ecosystem. The second year of the programme will provide startups with a combination of technological resources and mentorship support to turbocharge the development of innovative solutions. Startups will have the opportunity to harness SUNeVision’s AI-ready infrastructure and exceptional interconnection ecosystem, along with a robust array of cutting-edge technologies provided by the programme partners.

The programme is inviting online applications from local startup companies showcasing expertise in technology-related sectors like Artificial Intelligence, Biotechnology, FinTech, and Smart City. The programme welcomes mission-driven startups that integrate AI-related technologies into their solutions. Applicants should have a vision to grow their businesses in Hong Kong and the Greater Bay Area, thereby contributing to the development of Hong Kong as an international innovation and technology (I&T) hub. The programme is open for applications until 4 February 2025 and will support 10 candidates in each cohort.

Successful applicants will receive comprehensive support with up to HK$160,000 SUNeVision Points, which can be redeemed for technological solutions and mentorship support from SUNeVision and the programme partners. SUNeVision enables startups to host their infrastructure on its hyperscale data centre, providing the essential power and space to run data-intensive AI applications. Winners will gain exclusive access to a diverse ecosystem of over 300 providers across telecommunications, hyperscale cloud, ISP, CDN, OTT, and other business entities. The programme’s strategic partners will offer wide-ranging solutions support, including syndicate technology infrastructure from Angelflow; internet and managed hosting from Dataplugs; omnichannel and business workflow from Finda Cloud; cybersecurity and website protection from Nexusguard; authentic Cantonese language solutions from Votee AI, and business development tools and virtual sales from WeExpand.

Elisha Tong, Director of Commercial at SUNeVision said, “We are thrilled to launch the second year of SUNeVision’s Startup Programme, as we remain dedicated to accelerating high-potential startups in the city. This initiative underscores our commitment to supporting the HKSAR Government’s vision to develop Hong Kong into an international hub for innovation and technology. This year, we anticipate more AI startups to participate in the programme, with our hyperscale infrastructure primed to empower these startups in developing innovative solutions. Together with our partners, we strive to build a dynamic platform that fosters the growth of the startup ecosystem and advances the digital economy.”

Source
[1] Global Startup Ecosystem Report 2024

To learn more about SUNeVision Startup Programme, please visit our website.

Hashtag: #SUNeVision

The issuer is solely responsible for the content of this announcement.

About SUNeVision

SUNeVision (SEHK: 1686), the technology arm of Sun Hung Kai Properties (SEHK: 0016), is the largest data centre provider in Hong Kong. We provide industry-leading carrier and cloud-neutral data centre services with Asia’s number one connectivity. We connect providers of telecommunications, cloud, ISP, CDN, OTT from local, mainland China and global with enterprises of different businesses on our Asia leading data centre ecosystem.

SUNeVision forms MEGA Campus by extending the connectivity edge from highly connected MEGA-i to other high-tier data centres, including MEGA Gateway, MEGA IDC, MEGA Plus and MEGA Two. Facilities on MEGA Campus are interconnected through a dedicated dark fibre network and around 15,000 cross-connects. Together with City PoPs of major submarine cables in our facilities, we enable our customers for direct connections to multi-cloud platforms and multi-cloud exchanges with the best connectivity in town. The addition of cable landing stations HKIS-1 and HKIS-2 to our data centre portfolio will provide a one-stop-solution to cable owners and users, strengthening our position as the leading connectivity hub in Asia. We are committed to supporting Hong Kong as a regional information hub and a strategic gateway to mainland China.

For more information, please visit SUNeVision’s , or .

Collect FunStamps in 7-Eleven’s New App to Redeem “Furry Pretty Sets” for a Warm Winter

Redeem “Furry Chill Flip Bucket Hats” and “Furry Warm Plush Shawls” – Plus Play “Furry Fun Catch” Game for a Chance to Win Special Edition “Furry Friend Sets”


HONG KONG SAR – Media OutReach Newswire – 9 December 2024 – Following the overwhelming response to 7-Eleven’s recent collection of Pixar-themed “Furry Friend Sets,” we’re thrilled to introduce four new additions inspired by the hit movie Inside Out 2! Introducing the “Furry Pretty Sets” featuring popular emotions like Sadness, plus new characters Envy, Anxiety, and Embarrassment. Each set is as adorable as it is practical. The stylish makeup bag is made with a see-through material, making it easy to find your essentials, while the fuzzy headband adds a touch of fun to your look. With two must-have items in each set, these are a fantastic value that no Inside Out 2 fan will want to miss! Don’t miss your chance to collect all four and let these emotions join your Christmas celebrations!

Collect FunStamps in 7-Eleven's New App to Redeem "Furry Pretty Sets" for a Warm Winter

The four “Furry Pretty Sets” will be available at 7-Eleven stores starting 4 December at 7am. Don’t miss out!

4 Functional and Stylish “Furry Pretty Sets” – Your Must-Have Travel Essentials

These four sets are bursting with personality! Featuring Envy, Anxiety, Embarrassment, and Sadness, each set includes a stylish makeup bag and a Furry Soft Headband. The makeup bags are designed in each emotion’s signature colour and showcase fun character designs and quotes that capture their unique personalities. The see-through material makes it easy to find what you need, and the durable, easy-to-clean design includes a handle for grab-and-go convenience. And with a zipper closure and wide opening, you can quickly access your essentials without worrying about anything falling out.

But these bags are more than just pretty faces! They double as spacious organisers for all sorts of items. Their lightweight and durable material makes them perfect for everyday use. When travelling, they can easily hold travel-sized toiletries, skincare products, cosmetics, and perfumes, keeping your personal care items neat and organised while saving space. They’re also great for trips to the beach or pool with the kids, as they can store swim caps, goggles, small towels and children’s underwear. And cleanup is a breeze – just wipe with a damp cloth!

Each set also comes with a Furry Soft Headband – the perfect way to add a touch of comfort and fun to your day! The headbands are not only designed with the characters’ iconic expressions and signature colours but also feature clever 2.5D details that highlight their most distinctive features. With an elastic base, they fit comfortably on different head sizes and are perfect for keeping your hair dry while washing your face or applying a face mask.

Redeem With Digital FunStamps on the 7-Eleven App!

Following the successful launch of 7-Eleven’s new digital FunStamps, we’re continuing this exclusive redemption method! Starting 4 December, collect 5 FunStamps in the 7-Eleven app and add $65 to redeem a “Furry Pretty Set” at random. Inside Out 2 fans, don’t miss out on this fantastic opportunity!

“Furry Pretty Set” Product Details:

1. Inside Out 2 Envy “Furry Pretty Set”

This set features Envy’s adorable design and the phrase “OMG!” printed on the makeup bag. Her large, sparkling eyes are impossible to resist, and the Furry Soft Headband takes the cuteness to the next level with 3D eyebrows that are slightly raised. And of course, the entire set is styled in Envy’s signature mint green for a fresh and charming look that’s totally enviable!

Makeup Bag dimensions: Approx. 18cm long x 9.5cm wide x 11cm high

Furry Soft Headband dimensions: Approx. 54cm head circumference

2. Inside Out 2 Anxiety “Furry Pretty Set”

This set captures Anxiety’s signature nervous energy perfectly! The makeup bag features his worried expression, magnified to hilarious proportions. And to really bring the panic to life, the Furry Soft Headband has 3D eyebrows that practically scream “EEK!” Ready to give this jittery emotion a comforting home?

Makeup Bag dimensions: Approx. 18cm long x 9.5cm wide x 11cm high

Furry Soft Headband dimensions: Approx. 54cm head circumference

3. Inside Out 2 Embarrassment “Furry Pretty Set”

This set captures Embarrassment’s shy but sweet personality! The makeup bag features his bashful expression, while the Furry Soft Headband adds a playful touch with a 3D nose that sticks out – super cute! Embarrassment is waiting for you at 7-Eleven, so don’t be shy – come say hello!

Makeup Bag dimensions: Approx. 18cm long x 9.5cm wide x 11cm high

Furry Soft Headband dimensions: Approx. 54cm head circumference

4. Inside Out 2 Sadness “Furry Pretty Set”

This set is overflowing with Sadness’ signature melancholy charm! The makeup bag features her crying with tears streaming down her face, making her even more endearing. And to add a touch of whimsy, the Furry Soft Headband features 3D hair that flows outward, giving her a bit of a playful flair. Take gentle Sadness home, and she’ll always be there to offer support and comfort.

Makeup Bag dimensions: Approx. 18cm long x 9.5cm wide x 11cm high

Furry Soft Headband dimensions: Approx. 54cm head circumference

CAUTION:

  • We are not responsible for any damage caused by improper use of this product.
  • This product is not a toy. Not suitable for children under 4 years of age.
  • The headband contains rubber which may pose a potential strangulation hazard. Adult supervision is required.

USE & CARE:

  • A slight plastic odour with new products is normal. It is recommended to air out the product before use.
  • Keep away from fire and heat to avoid fire hazard or damage.
  • Do not use a tumble dryer or hairdryer to avoid damage.
  • Ensure the product is completely dry before storing. Store in a cool, dry place.
  • Slight colour variations in the pattern are normal.
  • Makeup bags are not washable and cannot be dry-cleaned.
  • Furry Soft Headbands are hand wash only. Do not dry clean.
  • Do not use bleach to clean.
  • Do not tumble dry or iron.
“Furry Pretty Set” Promotion Details:

How to Collect Physical Stamps and Digital FunStamps:

From now to 31 December 2024, customers can earn 1 physical stamp or digital FunStamp with a single purchase of $20# or more at 7-Eleven stores* or online. For every additional $10 spent, you’ll receive another stamp.To collect FunStamps with online purchases, customers must download the 7-Eleven app, register as a member, and link their yuu Account. For in-store purchases, customers need to either have their yuu ID scanned by the cashier before payment or pay with a linked Octopus or Hang Seng enJoy card. Stamps are awarded based on single transactions; split transactions are not allowed. Digital and physical stamps cannot be exchanged or combined for redemption.

“Furry Pretty Set” Redemption Details:

New! Redeem with Digital FunStamps: From 4 December 2024 to 3 January 2025, collect 5 FunStamps and add $65 to redeem 1 “Furry Pretty Set” at random.

Redeem with Physical Stamps: From 4 December 2024 (7am) to 3 January 2025, collect 8 physical stamps and add $65 to redeem 1 “Furry Pretty Set” at random.

yuu Member Exclusive Offer

Promotion Period: From 4 to 31 December 2024. Redemption Period: From 4 December 2024 (7am) to 3 January 2025. Redeem 1 “Furry Pretty Set” at random with 9,800 yuu Points + $35.

Each “Furry Pretty Set” includes 1 makeup bag and 1 Furry Soft Headband.


“Furry Chill Flip Bucket Hats”: Create Your OOTD Based on Your Mood!

The two “Furry Chill Flip Bucket Hats” both feature a reversible design. One showcases the unique personalities of Sadness and Embarrassment, while the other highlights Disgust and Envy. To give you even more styling options, each side of the “Furry Chill Flip Bucket Hat” is made with a different material – canvas and corduroy. Whether you want to create a laid-back casual look or a more stylish and unique style, it’s easy with these hats! You can even match your hat to your mood each day, adding a touch of personality to your outfit!

Sadness and Embarrassment Turn into “Furry Warm Fluffy Shawls” to Keep You Cosy All Winter Long

As the weather turns colder in December, these two “Furry Warm Fluffy Shawls” featuring Sadness and Embarrassment are the perfect winter companions! The shawls are styled in deep blue and pink with Sadness or Embarrassment’s design and signature phrases, perfectly capturing their personalities. Made with faux fur, the “Furry Warm Fluffy Shawls” are not only soft and comfortable but also incredibly warm, providing the ultimate cosy experience this winter. The convenient size makes them perfect for use at the office, and they can be easily folded and stored in your bag, so you can stay warm and snug wherever you go!

“Furry Chill Flip Bucket Hat” Product Details:

1. Inside Out 2 Sadness & Embarrassment “Furry Chill Flip Bucket Hat”

This reversible bucket hat lets you switch up your style in an instant! One side features Sadness with an embroidered design on a bright sky-blue canvas material – perfect for a casual, denim-inspired look. Flip it over, and you’ve got a deep grey corduroy side with an appliqué design of Embarrassment, ideal for those who prefer a more edgy style.

Product dimensions: Approx. 59cm head circumference

2. Inside Out 2 Disgust & Envy “Furry Chill Flip Bucket Hat”

This reversible bucket hat lets you showcase two fan-favourite emotions! One side features Disgust’s iconic expression embroidered on an off-white canvas material, making her stand out even more. Flip it over, and you’ll find a deep blue corduroy side with a cute appliqué design of Envy. This versatile colour is easy to style for fans of all fashion tastes!

Product dimensions: Approx. 59cm head circumference

CAUTION:

  • This product is not a toy. Not suitable for children under 4 years of age.
  • Adult supervision is required for use by children.

USE & CARE:

  • Keep away from fire and heat to avoid fire hazard or damage.
  • Ensure the product is completely dry before storing. Store in a cool, dry place.
  • Slight colour variations in the pattern are normal.
  • Hand wash only. Do not dry clean.
  • Do not use bleach to clean.
  • Do not tumble dry or iron.
“Furry Chill Flip Bucket Hat” Redemption Details:

From 4 December 2024 (7am) to 3 January 2025, make any purchase# at a participating 7-Eleven store^ and add $79 to redeem 1 “Furry Chill Flip Bucket Hat.”

yuu Member Exclusive Offer:

Promotion Period: From 4 December 2024 to 3 January 2025. Redemption Period: From 4 December 2024 to 3 January 2025. Redeem 1 “Furry Chill Flip Bucket Hat” with 8,000 yuu Points + $39.

Customers can choose their preferred style. Limited quantities available, while stocks last. Product images are for reference only; the actual size may vary.


“Furry Warm Fluffy Shawl” Product Details:

1. Inside Out 2 Sadness “Furry Warm Fluffy Shawl”

This plush shawl is made with soft faux fur and features a vibrant design with Sadness, capturing the essence of Inside Out 2. Its gentle blue colour and cosy material will wrap you in warmth and comfort all winter long.

Product dimensions: Approx. 150cm long x 50cm wide

2. Inside Out 2 Embarrassment “Furry Warm Fluffy Shawl”

This plush shawl is made with soft faux fur and features a vibrant design with Embarrassment, capturing the essence of Inside Out 2. Its light pink colour and cosy material will wrap you in warmth and comfort all winter long.

Product dimensions: Approx. 150cm long x 50cm wide

CAUTION:

  • This product is not a toy. Not suitable for children under 4 years of age.
  • Adult supervision is required for use by children.

USE & CARE:

  • Hand wash with mild detergent and cold water only.
  • Keep away from fire and heat to avoid fire hazard or damage.
  • Slight colour variations in the pattern are normal.
  • Ensure the product is completely dry before storing. Store in a cool, dry place.
  • Hand wash only. Do not dry clean.
  • Do not use bleach to clean.
  • Do not tumble dry or iron.
“Furry Warm Fluffy Shawl” Redemption Details:

From 11 December 2024 (7am) to 3 January 2025, make any purchase# at a participating 7-Eleven store^ and add $60 to redeem 1 “Furry Warm Fluffy Shawl.” Customers can choose their preferred style. Limited quantities available, while stocks last. Product images are for reference only; the actual size may vary.

yuu Member Exclusive Offer:

Promotion Period: 11 December 2024 to 3 January 2025. Redemption Period: 11 December 2024 to 3 January 2025. Redeem a “Furry Warm Fluffy Shawl” with 8,000 yuu Points + $30. Customers can choose their preferred style. Limited quantities available, while stocks last. Product images are for reference only; the actual size may vary.

7-Eleven App Interactive Game “Furry Fun Catch” Debuts! Chance to Win Special Edition “FURRY NICE! Furry Friend Sets”

Get ready for “Furry Fun Catch,” a brand-new game in the 7-Eleven app! From 4 to 27 December 2024 (11:59pm), log in to the 7-Eleven app daily, enter the “Furry Fun Catch” game and complete the time-limited missions. The top 10 players with the highest cumulative scores during the promotion period will each win a stamp voucher for either the “FURRY HAPPY” set or the “FURRY FUN” set (styles will be randomly assigned). The 10 winners with the highest scores will be contacted with prize collection details. This fun-filled mini-game gives you the chance to win a “FURRY NICE! Furry Friend Set” – a fantastic opportunity for Disney Pixar fans!

How to Play “Furry Fun Catch”

Step 1: Download the 7-Eleven app and log in to your account. Go to ” Gamification” and click the “Furry Fun Catch” button below to enter the game.

Step 2: Read the game instructions carefully, then press “Furry Fun Catch” to start the mission.

Step 3: Complete the designated game mission within the time limit: Use the makeup bag to catch designated objects, such as Furry Friend Sets, accessories, Furry Soft Headbands, etc., to earn points.

Step 4: After completing the game, players can check their individual scores and ranking on the leaderboard. Each user gets 1 chance to play the game per day during the campaign period. The top 10 players with the highest cumulative scores will each win a redemption coupon for either the “FURRY HAPPY” set or the “FURRY FUN” set (styles will be randomly assigned).

“FURRY NICE! Furry Friend Sets” Product Information:

1. “FURRY HAPPY” Set

This set includes the following 5 “Furry Mini Cases”:

  • Lotso
  • Buzz Lightyear
  • Mike Wazowski
  • Anger
  • Joy
2. “FURRY FUN” Set

This set includes the following 5 “Furry Mini Cases”:

  • Alien
  • Woody
  • Sulley
  • Disgust
  • Sadness

*This promotion is not valid at Inspiration Lake Recreation Centre, Team Disney Building, or food kiosks inside Hong Kong Disneyland Resort.

All FunStamp redemptions are only valid in Hong Kong

Each “Furry Pretty Set” includes 1 Makeup Bag and 1 Furry Soft Headband.

#The spending amount does not include the purchase of 7-Eleven Pre-order products, yuu pre-order products, cigarettes, milk powder (all types), diapers, redemption items under stamp promotions, online game cards, mobile phone top-up cards/SIM cards/value coupons, Octopus cards/products, Macau Pass cards/products, gift cards, prepaid cards, admission tickets/tickets/stamps of any kind, plastic shopping bag charges, and other service items. (Other service items include but are not limited to the last 10 Octopus transaction records printing, prepayment, e-coupons, bill payment, donations, value-added services (including but not limited to Octopus, Macau Pass/MPay, Alipay, WeChat Pay, “Tap & Go”, TNG and other e-wallets), fax and photocopying services, mobile phone charging services, parcel pick-up and return services, lockers, parking fee payment, Inspiration Lake activities, self-service laundry services, etc.) For more details, please visit our website.

Product images are for reference only; actual size may vary. All redemption prices include the plastic bag levy. However, the amount paid for redemption items cannot be used to earn stamps, yuu Points, or the 5% discount for Hang Seng enJoy card payments. Please visit our website for more details.
Hashtag: #7ElevenHK

The issuer is solely responsible for the content of this announcement.

Vietnam’s F88 certified for excellent level of sustainability


HANOI, VIETNAM – Media OutReach Newswire – 9 December 2024 – The Vietnamese F88 Business Joint Stock Company has been certified by Synesgy for excellent compliance with environmental, social and governance (ESG) principals, fully in line with national and international best practices.

Vietnam’s F88 certified for excellent level of sustainability

Earning an ESG Score of ‘A’ indicates that F88’s performance is at an excellent level of sustainability.

Synesgy is a digital platform supporting organisations and businesses in measuring their ESG impacts certified by the CRIF Rating Agency. Synesgy’s methodology follows international sustainability standards like the Global Reporting Initiative (GRI). Currently, Synesgy’s platform is implemented in more than 30 countries and territories and is compatible with more than 35 industries and sectors, including finance and banking.

According to Synesgy, F88 was highly rated for its efforts in environmental protection and its contribution to sustainable development for society along with its community connection, workforce management, relationship building and corporate governance. Achievements in corporate governance are also highly scored thanks to the company’s early implementation of core management frameworks, such as its code of conduct and risk management framework, as well as its effective sustainable development initiatives.

“Synesgy’s certification helps the enterprise uphold their commitments to sustainability and transparency, which are increasingly important values. The certificate is a proof for F88’s ESG practices,” said a representative of Expo.vn – the ESG certification unit in line with Synesgy’s criteria system in Việt Nam.

Since its operation in 2013, F88 has become a leading pawnshop chain operator in Vietnam, providing inclusive financial solutions for low- and middle-income customers with a network of 868 stores nationalwide.

The advantage of F88’s loan packages lie in transparency and accessibility.

Notably, F88 targets customers who are under banked, so its products contribute to expanding the coverage of financial products and providing support to customers when they are in need of capital as well as preventing usury – a significant plus for the company.

F88 has also actively organised community programmes. Since 2019, its Grain of Low fund has given around 10,000 gifts to disadvantaged households every year. The Green Dream programme has provided support to disadvantaged women to start a business by giving them production and training tools.

The firm is also valued by Great Place to Work for its positive working environment, its principals and its success in improving the health and wellbeing of its employees and their families.

Hashtag: #F88

The issuer is solely responsible for the content of this announcement.

About F88:

Founded in 2013, F88 has over a decade of experience and continues to expand its network, enhance its products, and offer convenient services to meet diverse financial needs. With 824 branches nationwide, F88 has provided over 10 million quick and easy financial solutions to more than 3.4 million customers, significantly improving the lives of everyday workers. The trust of our customers is the best testament to F88’s reliability and service quality.