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Top Cryptocurrency Exchange Bybit Reduces Margin Requirements With Portfolio Margin Mode

VICTORIA, SEYCHELLES – Media OutReach – 15 June 2022 – Bybit, a cryptocurrency exchange with one of the largest BTC futures open interest, has enabled portfolio margin mode for eligible users on June 15, 2022.

Bybit users will now be able to fully leverage their portfolio with greater capital efficiency thanks to the new portfolio margin feature. The portfolio margin mode evaluates positions across Bybit’s extensive trading products, and calculates the margin accordingly.

Portfolio margin increases users’ capital efficiency by calculating the overall risk across a user’s hedged portfolio. Doing this reduces margin requirements, and potentially amplifies return on capital.

For example, under the bull market call spread strategy in regular margin mode based on individual positions, the trader needs to pay the premium required for the option bought. At the same time, the trader will also need to pay the margin required for the option sold, while the combination target return is limited. Under this strategy, users may not achieve the optimal return on capital.

With the portfolio margin mode activated, Bybit calculates the combined risk of options bought and sold. Since most of the risk has been hedged, the margin will be significantly reduced. The more comprehensive approach to risk assessment yields safer and more stable trading strategies and, in turn, higher returns in profit scenarios.

“We are excited about the opportunities Bybit’s portfolio margin will open up for Bybit users. As traders ourselves, we understand the importance of having access to the most powerful trading tools and features. To that end, portfolio margin offers one of the best capital efficiency options in the market on one of the most reliable trading platforms out there. This product is another step forward in our growth as a digital asset service provider in our continued effort to meet the needs of the community of 6 million registered users on the Bybit platform,” said Ben Zhou, co-founder and CEO of Bybit.

Portfolio margin takes derivatives trading on Bybit to the next level. Users can start with newly launched USDC perpetual contracts plus USDC options with greater capital efficiency. Portfolio margin will be expanded into USDT products in later stages.

Furthermore, traders can be confident that Bybit’s tested and trusted TP/SL (Take Profit/Stop Loss) feature will help them to trade derivatives easily with advanced exit position methods. As with all our leveraged products, users can manage risks and safeguard themselves against excessive losses with multi-layered liquidation protocols to ensure safety and fairness across all Bybit trades, every step of the way.

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, an NFT marketplace as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

For more information please visit:

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#Bybit

The First F&B-Themed NFT Series in Hong Kong HangryPiggy Ascends Across Horizon

Cross-over Fusion Advocates Indigenous Bite and Sup Creative Marketing Craze Stokes “Eat to Earn”

HONG KONG SAR – Media OutReach – 15 June 2022 – The first F&B-themed Non-fungible Token (“NFT”) series in Hong Kong, HangryPiggy, has met its completion in design and craft; the official confirmed that it would be launched across the board at 8 p.m. on 30 June. By then, a total of 1,997 pieces of Hangry Piggies will be minted and distributed online publicly. This is a milestone token project in Hong Kong that groundbreakingly renders food and beverage culture in the form of NFT, co-created by its homonymic issuer HangryPiggy (the “Company”) and the native creative marketing consultancy, Elevate PR. Interested collectors can participate in the snap-up on the HangryPiggy website straightly, but due to the limited quantity and market sensation, the offering may be in short supply. Subscribers could pay close attention to the worldwide biggest NFT marketplace, OpenSea, to purchase secondhand.

NTFpig-V5.jpg

Encapsulate ingenuity in the composition; the kernel team reveals designing afflatus

HangryPiggy NFT series has 1,997 Hangry Piggies, while its universe and story are pegged and dated back to the year 1997, which is meaningful to Hongkongers. Each HangryPiggy NFT is a pixel piggy with its own avatar. They have different facial expressions and changeable clothing styles, with big abstract icons of food floating behind them, including egg tarts, milk tea, pineapple buns, curry fish balls, egg waffles, and other traditional Hong Kong-style snacks. Coupled with the background of Hong Kong’s classic landmarks and scenic spots, a series of Hong Kong nostalgic traditional food-themed NFTs embark on the brand-new journey with featured visages. During the creation of the HangryPiggy series, Elevate PR, the creative marketing consultancy of this joint-ride collaboration, has put forward numerous distinctive ideas and insights on the expression of artistic composition and the synthesis of innovative elements. Thanks to its tremendous experiences in the new media marketing realm, the visualization of Hangry Piggies earned extensive acclaim from all walks of life as soon as it came out. This fully demonstrates the exquisite intentions of the creative team, which has added a collection value to the NFT series with the dual characteristics of the novel artistic style as well as the traditional food culture.

Triptych in the HangryPiggy Delicacy Space, a physical yet digital “Eat to Earn” voyage

After the project kick starts, all 1,997 Hangry Piggies will be minted and offered for sale in the first phase. Every holder will be entitled to premium permission for the membership-only physical events in the second phase, including the scientific education courses on digital assets co-organized by HangryPiggy and its partnership in the blockchain technology industry; visit tour to the NFT content creation workshop, acquiring creative marketing originalities; and obtaining NFT membership of other cross-over cooperated projects that could be used in the upcoming Metaverse. The third phase is most inviting. HangryPiggy will join forces with cha chaan teng, street food stalls, and mouth-watering snack bars to provide its NFT holders with exclusive value-added benefits such as preferential dining.

This HangryPiggy NFT project notably proposed the pilot concept of “Eat to Earn“, standing for the native traditional food as a pitch-in point to advocate Hong Kong delicacy culture. Through practical cooperation with many local restaurants, the Company assists the cooperative restaurants in securing customers. It also leverages tasty food to regale many holders and followers to achieve mutual benefits and attain a win-win situation, crossing the barrier between the virtual and tangible world.

Ms. Au Yeung, Founder of HangryPiggy, stated, “Hong Kong is recognized as the delicacy capital of the world, but when it comes to nostalgic classic food, only some traditional snacks made by cha chaan teng and street stalls are influential and representative enough, mainly because they are full of shared memories of generations of Hong Kong people. Many people talk about emerging things such as NFT and Bitcoin, saying that they are just a one-hit-wonder and cannot stand the quenching of the market. Well, this stimulated my inspiration instead. I thought it would be better to create an NFT and integrate it with the ‘taste memory’ that cannot be forgotten even for several generations; then, HangryPiggy came into being. The pandemic has severely crashed the catering industry. My teammates and I determined we should do something, so we chose to cooperate with some restaurants offline, hoping to help them recover and thrive again.”

It is worth mentioning that HangryPiggy NFT is one of the very few NFT products in Hong Kong built on the Ethereum blockchain and launched on the OpenSea market for public transactions. Nowadays, the NFT-related creative marketing in Hong Kong is all the rage. HangryPiggy will adapt to seek headway while strengthening its exploration and excellence to bring out more remarkable works for investors and collectors.

About HangryPiggy

HangryPiggy is an NFT project crafted by a group of token enthusiasts. The squad aspires to keep up with this group of adorable piglets lost in the cate paradise of Hong Kong and continue exploring the infinite possibilities of NFT and the Metaverse by erecting a digital community full of kaleidoscopic delight and newfangled gadgets for investors, collectors, and fans.

For more details, please kindly refer to:
Official website:
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#HangryPiggy

Trend Micro Innovations Shape the Automotive Cybersecurity Industry

Strong market demand and business incubation drives connected vehicle security solutions

HONG KONG SAR – Media OutReach – 15 June 2022 – Connected cars provide plenty to entice threat actors, with more than 400 million predicted to be on the roads globally by 2025. Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced VicOne, dedicated security for the electric vehicles and connected cars of today and tomorrow.

This innovation is the latest addition to Trend Micro’s long history of incubating successful business ideas to bring the best security offerings to market.

“At Trend Micro, we are driven by the desire to secure the connected world. As we focus on this mission, it is imperative that we free ourselves to explore the various new business models that fit the new supply chain,” said Eva Chen, CEO, and co-founder of Trend Micro. “With VicOne, we anticipated an urgent OEM need for enhanced automotive cybersecurity. Built with the best of Trend Micro innovation, it will offer tremendous value to the industry.”

Electric vehicles are increasingly exposed to remote digital threats across a range of new attack scenarios. Original Equipment Manufacturers (OEMs) and suppliers must urgently build comprehensive cybersecurity protections into their ecosystem to comply with the new United Nations regulation, WP.29 (UN – R155).

Vehicle security operations centers (SOCs) are a vital step for carmakers looking to comply with regulatory measures by offering enhanced threat detection and response for software-defined vehicles. VicOne’s security operations center integrates Microsoft Azure IoT services to collect telemetrics and other important security information from connected automobiles and uses Azure data services to analyze security threats and breaches.

“Cybersecurity is an integral part of the electric vehicle (EV) ecosystem. Microsoft provides a comprehensive and open platform service with a zero-trust mindset, ” said Soren Lau, General Manager of Asia and EMEA, IoT Partner Solutions at Microsoft. “We look forward to working with Trend Micro and VicOne to enable end-to-end security solutions for telematics and EVs through Microsoft Cloud and AI features within Azure IoT services.”

Gartner® also suggests the automotive industry should “partner with cybersecurity experts who can assess and propose a broad range of countermeasures. Be future-oriented and avoid doing the minimum to mitigate all threats listed by the regulation — doing so will lead you to continually playing catch-up to keep pace with cybercriminals[1].”

As part of these efforts, Trend Micro has formed a strategic partnership with MIH Consortium, an open EV platform alliance led by Foxconn, and has recently joined the Scalable Open Architecture for Embedded Edge (SOAFEE) initiative, which aims to provide a cloud-native architecture for the development of software-defined vehicles. These moves cement Trend Micro’s position at the heart of vehicle supply chains, as industry stakeholders invest more time and resources into cybersecurity compliance.

“The software-defined vehicle is the future of the global automotive industry and a driving force in accelerating the development of innovative automotive technology applications,” said Dipti Vachani, SVP and GM, Automotive and IoT Line of Business, Arm. “By joining other leaders across the automotive industry as a new member of SOAFEE, VicOne is bringing important expertise in security standards to help ensure a safer future for the automotive industry.”

VicOne will offer end-to-end security solutions for the automotive ecosystem, including the enablement of security by design, risk management, as well as threat detection and response. The combined power of a vehicle SOC, security over-the-air, in-vehicle security, penetration testing-as-a-service, and automotive vulnerability management will help analysts see more and respond faster to incidents.

To find out more about VicOne, please visit: https://www.vicone.com/


[1] Gartner – How Automotive CIOs Can Lead a Successful Cybersecurity Implementation and Comply With WP.29 UN R155, Pedro Pacheco, Jonathan Davenport, 18 June 2021, 2021GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About VicOne

Designed to support large-scale connected car deployments, VicOne supports the cybersecurity of a vehicle throughout its life cycle. Leveraging over 30 years of cybersecurity experience from Trend Micro and the expertise of more than 10,000 independent researchers through the Zero Day Initiative, VicOne’s cybersecurity solutions will use the latest technologies like machine learning, behavior monitoring, and detection and response to help secure connected cars.

About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world.

#TrendMicro

Criteo Announces Plans for New Technology Operations and Analytics Center to Scale Operations and Grow Talent in Asia Pacific

To support this launch, Criteo aims to hire around 150 engineers, data analysts, and solution architects in Hyderabad City, India by 2024

SINGAPORE – Media OutReach – 15 June 2022 – Criteo S.A. (NASDAQ: CRTO), the commerce media company, has announced plans to launch its first regional Technology Operations and Analytics Center in Hyderabad City in Telangana, India. With the goal of strengthening its support for its clients and partners, the development of this center is part of Criteo’s strategic plans to expand and scale its operational capabilities across the Asia Pacific (APAC) region and beyond. To achieve this, Criteo plans to hire around 150 engineers, data analysts, and solution architects over the next two years.

Hyderabad was selected as the headquarters of Criteo’s regional technology center given the location’s strategic connection to the information technology (IT) industry and its concentration of talent, robust IT infrastructure, and long-term growth potential. This center will support Criteo’s operations in India, Southeast Asia, Australia-Pacific, Greater China, South Korea, and Japan. Its digital advertising services (AdOps) function will also support Criteo globally, including EMEA and Americas.

By expanding its talent pool to scale operations and accelerate co-innovation of AdOps solutions with regional customers and partners, Criteo progresses on its commitment to power the world’s marketers and media owners with trusted and impactful advertising.

“We are thrilled to announce our plans to launch Criteo’s first Technology Operations and Analytics Center in Hyderabad. Over the past few years, Hyderabad has transformed into a global tech hub, with its immense growth potential and vast talent pool. With the development of this center in a strategic location, Criteo remains committed to supporting our regional customers and partners by scaling our operational capabilities and ensuring that they can innovate with leading AdTech solutions created for the fair and open internet,” said Kenneth Pao, Executive Managing Director, APAC at Criteo.

Apart from the development of this center, Criteo has also been ramping up its investments and product expansion in the APAC region – including the expansion of its Retail Media offerings and efforts to help marketers and media owners activate first-party, privacy-safe data through its Commerce Media Platform strategy.

“Looking ahead to the rest of 2022, Criteo will continue to prioritize integration, scale, and with our APAC infrastructure investments, product innovation, and partnerships. Ultimately, strengthening our leading position in commerce media,” said Pao.

About Criteo

Criteo (NASDAQ: CRTO) is the global commerce media company that enables marketers and media owners to drive better commerce outcomes. Its industry leading Commerce Media Platform connects 22,000 marketers and thousands of media owners to deliver richer consumer experiences from product discovery to purchase. By powering trusted and impactful advertising, Criteo supports an open internet that encourages discovery, innovation, and choice. For more information, please visit .

#Criteo

SIBUR expands offering of low-carbon, durable polymer materials

MOSCOW, RUSSIA – Media OutReach – 15 June 2022 – SIBUR, the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in the global petrochemicals industry, has expanded its offering of advanced, eco-friendly polymers for use in packaging, pipe production and other industries.

To support manufacturers, SIBUR offers its existing brand range of polymers in addition to developing new brands at its SIBUR PolyLab research and development centre to meet the needs of customers on the domestic and global market.

In May, SIBUR’s Tomsk and Kazan enterprises (Tomskneftekhim and Kazanorgsintez) introduced new polyethylene grades for flexible packaging. These grades are used as an adhesive layer in the lamination of high-quality snack packaging through a process called polyethylene melt lamination – an environmentally friendly and technologically advanced solution that allows multi-layer films to be bonded together without the use of more harmful adhesives.

SIBUR has also expanded its production of polypropylene block copolymer, used in the production of non-pressure systems for storm and domestic sewage systems. In the near future, SIBUR plans to launch production of a more complex grade with a medium elastic modulus at its state-of-the-art facility in Tobolsk (ZapSibNeftekhim). These polymer solutions are highly durable – particularly in aggressive environments – and have a lower carbon footprint compared to traditional materials.

SIBUR’s polymer grade offerings include:

  • PP 8300G: Impact copolymer of propylene and ethylene with low melt flow, improved antistatic properties, designed for extrusion and thermoforming applications such as corrugated boards, panels, profiles and crates. Offers high dimensional stability and resistance to deformation.
  • PP 8400G: Impact copolymer of propylene and ethylene with low melt flow, designed for the production of containers, consumer packaging, utensils, battery casings and automotive products. Offers strong resistance to cracking and frost.
  • PE2NT11-9: High-density polyethylene, designed for the extrusion of various types of pipes and pipe products. Offers excellent UV resistance and high rigidity, which ensures the reliability and long service life of the pipes.
  • PE LD40200 FA: Low-density (high-pressure) polyethylene designed for the production of foamed products (thermal insulation, packaging, automotive inner liners, shoe soles), composites, injection moulding and laminating by extrusion. Offers an optimal balance of physical and mechanical properties, while its regular production ensures an uninterrupted supply.
  • LA2175: Autoclavable low-density (high-pressure) polyethylene, designed for high-speed lamination of paper, cardboard, and aluminum foil for food and non-food packaging by extrusion. Ensures a high application rate, improved rheological properties and excellent processability.

SIBUR has placed sustainability at the heart of its production process. The Company is continuously improving its environmental management system, which covers all stages of production: R&D, investing in new green technologies, manufacturing ESG products, upgrading production facilities, reducing pollutant emissions and discharges, implementing circular economy projects, and promoting sustainable practices among its partners.

Under its updated ESG strategy, SIBUR’s sustainability goals include recycling at least 50% of all generated waste and making at least one of its facilities carbon-neutral by 2025.

About SIBUR

SIBUR is Russia’s largest integrated petrochemical company and one of the fastest growing global petrochemical players, with approximately 50,000 employees. The Company’s unique vertically integrated business model enables it to deliver highly competitive products used in the consumer goods and automotive industries, as well as construction, energy, chemistry and other industries across 100 countries.

SIBUR helps to reduce CO2 emissions stemming from the burning of oil and gas extraction by-products by processing them into valuable petrochemical products.

Learn more at:

#SIBUR

Avnet Collaborates with Fujikura to Accelerate Customer 5G mmWave Phased Array System Development

PHOENIX, US – Media OutReach – 15 June 2022 – Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, is working with Fujikura to develop a leading edge 5G FR2 phased array antenna development platform for mmWave frequency bands. This platform enables customers to quickly develop and prototype advanced 5G mmWave systems using AMD-Xilinx’s Zynq® UltraScale+™ RFSoC Gen3 and Fujikura’s FutureAccess™ Phased Array Antenna Module (PAAM), controlled by Avnet’s proven RFSoC Explorer® software. This combination of leading-edge components and software will allow customers to quickly prototype with Fujikura’s compact PAAM and AMD-Xilinx’s RFSoC.

“We’re seeing an acceleration of the 5G market as higher bandwidth applications are driving the need for mmWave technology, especially in the industrial and telecom segments,” said Jim Beneke, vice president of Products and Emerging Technologies, Avnet. “Through our work with Fujikura, AMD-Xilinx and Mathworks, we’re bringing together the key building blocks of mmWave radio solutions allowing designers to quickly prototype communications algorithms, reduce engineering time, and get into the 5G market even faster.”

For those seeking to develop and prototype their advanced 5G mmWave systems using AMD-Xilinx’s RFSoC Gen3 and Fujikura’s 5G PAAM, the addition of Avnet’s easy to use RFSoC Explorer MATLAB application (which can be extended to control the entire system from antenna to digital) will enable them to implement and test mmWave beamforming applications quickly without HDL or software coding.

The Fujikura PAAM operates in the 3GPP FR2 frequency bands n257 (28 GHz), n258 (26 GHz), and n261 (27 GHZ) allowing for use in both indoor and outdoor applications. It is a complete PAAM module with a highly integrated 8×8 antenna element, RF ICs, filter, and optimal TCO. This high level of integration enables compact product design and quick time to market. With high-power efficiency and extremely fast beam switching (<200ns), Fujikura PAAM based systems can obtain industry leading performance. Also, with a calibration free architecture and Fujikura’s extreme attention to quality, end customers will have a major advantage in system integration, manufacturing, deployment, and longevity.

“We are committed to the 5G mmWave technologies, which substantially expands 5G value proposition with applications in Fixed Wireless Access (FWA), Mobile Broadband, High Density Indoor Coverage in venues such as stadiums and shopping malls, etc.” said Kenji Nishide, head of Electronic Technologies R&D Center at Fujikura. “We are excited to partner with Avnet, a global leader in technology distribution, and bring Fujikura’s innovative PAAM solutions to a worldwide customer base via this collaboration.”

For more information please visit: https://avnet.me/fujikura-collaborate

About Fujikura

Fujikura has been providing highly reliable products and services in the four business fields of energy, information and communications, electronics, and automotive electrical equipment since its establishment in 1885. Currently, this company is working in the mmWave wireless communication field as its new business. The company is developing 5G mmWave devices for both licensed and unlicensed bands, making full use of its proprietary technologies of phased array antenna design, flexible printed circuit board manufacturing, and electromagnetic field analysis. For more information, visit the Fujikura company website: or the product website: .

About Avnet
As a leading global technology distributor and solutions provider, Avnet has served customers’ evolving needs for an entire century. We support customers at each stage of a product’s lifecycle, from idea to design and from prototype to production. Our unique position at the center of the technology value chain enables us to accelerate the design and supply stages of product development so customers can realize revenue faster. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at .

#Fujikura #Avnet

Police Face Difficulties with Violations by Foreign Nationals

A foreign national apprehended for committing a crime in Laos.

Lao police officials see difficulties in managing, inspecting, and resolving law violations by foreign nationals residing and living in Laos.

Home Prices Stabilized as Transactions Jump by 48% Q-O-Q Full-Year Price Growth Up to 3%, Driven by New Homes

Improved Infrastructure Narrows the Price Gap Between Urban Areas and NT

  • Q2 residential transactions are expected to increase by 48% q-o-q to reach 14,900 cases, decline in prices has moderated
  • Railway infrastructure and transportation continue to be robustly developed, anticipated to enhance and shorten travelling times, and is expected to bring up property prices in the New Territories, with growth potential to outperform urban prices
  • We expect the 2H residential market to be driven by new homes, with full year transactions expecting to fall by 20-25% y-o-y, with a market price increase of no more than 3% by year-end

HONG KONG SAR – Media OutReach – 14 June 2022 – Global real estate services firm Cushman & Wakefield announced its Q2 2022 Hong Kong Residential Market Review and Outlook today. With the fifth wave of the pandemic gradually being brought under control, the city’s residential market has been gradually recovering since April, and the number of transactions is expected to reach 14,900 in Q2, an increase of 48% q-o-q, but a drop of 32% y-o-y. The year-to-date prices fell marginally and are expected to further stabilize. Some popular housing estates recorded slight quarterly growth, demonstrating signs of healthy end-user demand. In 2H 2022, the residential market will continue to be driven by primary sales, particularly for buyers looking for upgrading options. We expect property prices will rise by no more than 3% this year. In the long run, infrastructure projects will continue to improve connectivity in Hong Kong, thereby narrowing the price gap between the New Territories and urban areas. This will also accelerate urban renewal and benefit the city’s residential real estates.

Due to the pandemic and geopolitical tensions displayed earlier this year, residential transactions in Q1 were sluggish. However, as local COVID-19 infections began to drop sharply and social distancing measures were gradually eased, primary sales activities resumed with transactions picking up significantly in Q2. The number of sales and purchase agreements in the first two months of Q2 (10,099 deals) had already surpassed the total of 10,056 deals in Q1. Furthermore, the number of transactions in the primary market increased nearly six-fold m-o-m from 258 deals in April to 1,492 deals in May, while the secondary market transactions also performed well and reached 4,700 deals in May.

Keith Chan, Director, Head of Research, Hong Kong, Cushman and Wakefield commented: “During the heights of the fifth pandemic wave, primary sales and projects were delayed due to restrictions. From March to April, primary transactions’ share of the overall market reached just 6-7%, but later rose to 24% in May, reflecting recovery in overall sentiment driven by the rebound of primary sales. It is estimated that circa 4,800 transactions will be recorded in June, contributing to circa 14,900 transactions in Q2, a sharp increase of 48% q-o-q, but still down 32% y-o-y”

Despite the increase in transactions recorded, the overall residential prices are still down year-to-date. However, the discounted unit sales momentum will likely moderate, and therefore, the price decline will gradually slow. As per the latest government data, a price drop of about 2% was recorded from January to April.

Edgar Lai, Senior Director, Valuation and Advisory, Hong Kong, Cushman & Wakefield shared: “Although the overall property prices are still down, some popular housing estates have begun to rebound due to high demand. Relatively speaking, smaller lump sum units such as City One Shatin, rose by 1.1% q-o-q; while Taikoo Shing, representing the mid-price market, was flat; Meanwhile, luxurious residential, such as Residence Bel-Air, edged up by 0.7% q-o-q”

The completion of the MTR’s East Rail Line Cross-Harbour Extension marks its first continuous railway line project connecting New Territories, Kowloon and Hong Kong Island altogether. In addition, the cross-bay link tunnel connecting Tseung Kwan O and Lam Tin is expected to start operating in 2H this year, further connecting the future Route 6 highway to the East and West of Kowloon by 2026. Edgar Lai explained: “As the railway network and infrastructure become more accessible, the travel time is shortened, and the connectivity between the urban areas and the New Territories is further enhanced. It is expected that the price gap between the New Territories areas and the urban areas will be narrowed. For example, the opening of the MTR Tseung Kwan O Line has helped pushed the property prices in Tseung Kwan O noticeably, outperforming the other housing estates along the Kwun Tong line by a 10-20% premium.” At the same time, the pace of urban renewal has also been accelerated, thanks to the development of various infrastructure projects. For example, the URA recently announced large-scale redevelopment plans in the Kowloon City area and To Kwa Wan area.”

Mr Keith Chan concluded: “In the long run, the infrastructure improvements will benefit the local property market, but home buyers will inevitably face many challenges, such as rising interest rates driven by inflation, and the uncertain pace of economic recovery in the near-term. Nevertheless, after a relatively muted market for three consecutive quarters, end-users are expected to become more active, driven by buyers who are looking for their first homes or upgrading. Subsequently, it is expected that the transactions in 2H will be supported by strong primary sales, and will gradually extend to the secondary market. Nevertheless, due to the high base of transaction volume last year, we expect the number of residential transactions to drop by circa 20-25% y-o-y by year-end. The property prices will generally stabilize throughout the year, as we maintain a forecast of no more than a 3% increment in 2022.”

Please click here to download photos.

Photo Caption: (Left) Keith Chan, Director, Head of Research, Hong Kong, Cushman and Wakefield
(Right) Edgar Lai, Senior Director, Valuation and Advisory, Hong Kong, Cushman & Wakefield

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. Across Greater China, 22 offices are servicing the local market. The company won four of the top awards in the Euromoney Survey 2017, 2018 and 2020 in the categories of Overall, Agency Letting/Sales, Valuation and Research in China. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit or follow us on LinkedIn ().

#Cushman&Wakefield