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TECHKLOUD Officially Launches Exclusive Online Shopping Channel for Singapore, Making Global Goods Easily Accessible

SINGAPORE – Media OutReach Newswire – 3 July 2025 – The TECHKLOUD cross-border shopping platform brings a brand-new shopping experience to Singapore consumers, now officially launching an exclusive channel for convenient access to high-quality products from over 20 countries worldwide. From beauty products from Japan and Korea to Nordic home goods, everything you need is available to meet diverse shopping demands. With a fully compliant customs process, products are delivered directly to Singapore, making your cross-border shopping experience more secure and smooth.

TECHKLOUD offers delivery services across Singapore, with core areas receiving shipments within 3-5 business days to ensure a fast experience. Additionally, the platform features a real-time package tracking system, allowing consumers to monitor their shopping progress at any time, providing peace of mind.

All products on the TECHKLOUD platform are officially authorized genuine items, ensuring that every purchase is of high quality. We also offer localized customer support, with a service team proficient in English and Mandarin, ready to answer questions and provide assistance.

To guarantee your shopping experience, TECHKLOUD provides a flexible 15-day hassle-free return and exchange policy. If the purchased item does not meet your expectations, you can easily return or exchange it for a more reassuring shopping guarantee.

We support various payment methods, including PayNow, GrabPay, PayPal, credit cards, and NETS, with all transactions secured and certified by the Monetary Authority of Singapore (MAS) to ensure safety and convenience.

TECHKLOUD Singapore is dedicated to providing consumers with a fast, safe, and convenient shopping experience. The platform covers multiple categories, including fashion, consumer electronics, home goods, toys, and sports equipment, leading the e-commerce development in some of the fastest-growing countries globally. TECHKLOUD always focuses on delivering exceptional service, ensuring every customer enjoys multiple payment options, free returns, and comprehensive support with warranty commitments.

Visit our website: www.techklouds.com
Experience seamless shopping services and access to quality global products.

Hashtag: #TECHKLOUD

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

Li Li of Next Capital Named in Caijing Magazine’s “Top 50 Global Chinese Venture Capitalists”


NEW YORK, USA – Media OutReach Newswire – 3 July 2025 – Recently, Li Li, Founding Partner of Next Capital, was honored as one of Caijing Magazine’s “Top 50 Global Chinese Venture Capitalists”. Awarded by Caijing, an authoritative media platform focusing on global industry-finance integration, this accolade highlights Chinese investment leaders who have consistently generated excess returns in major global VC markets and driven technological transformation and industrial innovation through forward-looking strategic deployments.

Li Li, Founding Partner of Next Capital
Li Li, Founding Partner of Next Capital

Since entering the technology investment field in 2011, Li Li has led angel or early-stage investments in companies such as LexinFintech (NASDAQ: LX), TuanChe Limited (NASDAQ: TC), Tiger Brokers (NASDAQ: TIGR), Niuguwang, PingCAP, HOSE, 77irCloud, Caibeike, Lockin, Krazybee (India), Chi Forest, Walnut Coding, PandaRemit, ShopLazza, XellSmart, Weiming Shiguang, UDEER.AI, and others. She is also the founder of Xiaofanzhuo, a leading Chinese venture capital service platform.

Before transitioning to early-stage tech investment, Li Li had a decade of experience in tech financial media, serving as Editorial Board Member and Chief Reporter for the Chinese edition of Information Week, and Deputy Editor-in-Chief of Ceocio China. Notably, she is the only Chinese journalist to have conducted an exclusive interview with Amazon founder Jeff Bezos. This background has endowed Li Li with profound insights into technology-driven business innovation. Her belief in technological advancement has shaped her early-stage investment style over the past 15 years. “We seek out each generation of young people who use tech innovation to change the world. Every era produces its own heroes” Li Li said.

The global emergence of Chinese venture capitalists reflects not only China’s economic ascent and increasing international presence, but also the sharp instinct and execution of Chinese entrepreneurs and investors in the global innovation ecosystem. Next Capital looks forward to partnering with more innovators to “Discover the Next Big Thing.”

Founded in 2017, Next Capital is an early-stage investment fund focused on the technology sector. As “the first money for innovators,” the firm is committed to backing technology-driven business innovation and partnering with visionary founders to shape the future. Its investment portfolio spans artificial intelligence, hard technology, digital healthcare, global tech expansion, biotech & life sciences, enterprise services, cloud-native technologies, specialized & innovative sectors, robotics, etc. Its portfolio features a number of standout companies such as Chi Forest, PandaRemit, FINDING UNICORN, ShopLazza, XellSmart, Atantares, Weiming Shiguang, GLZHealth, SIBIONICS, among other forward-thinking enterprises.

Next Capital’s venture support initiatives—including “NEXT Entrepreneurship Banquet,” “NEXT Innovation Camp,” and “NEXT LEAGUE”—are designed to provide systematic, end-to-end support for entrepreneurs from startup to IPO. These programs have fostered a dynamic ecosystem of new-economy Chinese entrepreneurs, reaching and influencing over 80,000 individuals across Greater China, North America, Europe, Singapore, and beyond.

Hashtag: #NextCapital

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

Sun Life unveils suite of enhanced savings insurance plans

SunJoy Global Insurance Plan II, SunGift Global Insurance Plan II and Stellar Multi-Currency Insurance Plan II offer market-leading flexible Death Benefit Settlement Solution, multiple Contingent Policy Owner Arrangement and Interim Policy Owner Arrangement


HONG KONG SAR – Media OutReach Newswire – 3 July 2025 – Sun Life today announced the launch of an upgraded suite of savings insurance products. The upgraded products – SunJoy Global Insurance Plan II, SunGift Global Insurance Plan II, and Stellar Multi-Currency Insurance Plan II – are among Sun Life’s most popular offerings. Key enhancements include the introduction of a market-leading1 mix of multiple Death Benefit Settlement Options, multiple Contingent Policy Owner2 and Interim Policy Owner Arrangement2. These upgrades are designed to help Clients capture wealth growth while seamlessly planning their wealth legacy.

Christine Yeung, General Manager, Life and Health of Sun Life Hong Kong Limited, said: “At Sun Life, we’re committed to putting our Clients at the centre of everything we do. We understand their evolving needs in wealth accumulation and legacy planning for both the present and the future. The innovative and flexible design of the SunJoy Global and SunGift Global series, along with the Stellar Multi-Currency Insurance Plan, plays a pivotal role in helping Clients shape their wealth legacy and meet increasingly diverse needs. These three upgraded savings insurance plans are equipped with brand-new wealth legacy features, empowering Clients to achieve their financial goals while offering unparalleled flexibility in passing on their wealth to future generations. Moving forward, we will continue to drive product innovation, offering pioneering protection and wealth planning solutions to help the public achieve lifetime financial security.”

The three upgraded savings plans are participating insurance plans. The two major enhancements include:

Market-leading flexible Death Benefit Settlement Option

  • Policy owners can mix and match multiple death benefit payout patterns with a Flexible Option, moving beyond package-based death benefit payment options.
  • Policy owners can design their own payout patterns for each beneficiary or choose a designated lump-sum payout upon designated life events of the beneficiary – such as graduating from university, getting married or having a child.
  • If the Designated Insured passes away, the Continuation Option3,4 allows the Original Policy to immediately terminate and a New Policy to be formed, with a beneficiary becoming both the New Insured and the new policy owner5 (if applicable).

Market-rare multiple Contingent Policy Owner Arrangement and Interim Policy Owner Arrangement

  • Policy owners can designate up to three Contingent Policy Owners and designate up to three Interim Policy Owners for one of the Contingent Policy Owners6 in sequence, ensuring the policy’s value and wealth is seamlessly passing on to future generations.
  • Interim Policy Owners will hold the policy on behalf of the Contingent Policy Owner until he/she attains the designated age or until the specified date is reached. They will have Restricted Administrative Rights to manage the policy, ensuring the wealth is transferred according to the policy owner’s plan.

The product upgrades enable Clients to tailor their wealth management and legacy plans according to their needs. The plans offer a variety of protections targeting different life stages, helping Clients cope with unexpected challenges, including:

Upgraded Product Features
Early Value Lock-in Option7: Starting from the 5th policy anniversary, the policy owner can apply to transfer 10%-50% of the policy’s value to the Value Lock-in Account each policy year.
Whole life protection: The benefit term is extended to the whole life of the current insured (for single life) or the younger insured (for joint life).
Enhanced Guaranteed Death Benefit: 105%*/105%-120%** of total premium paid.

[*Only applicable to SunJoy Global Insurance Plan II and SunGift Global Insurance Plan II]

[**Only applicable to Stellar Multi-Currency Insurance Plan II]

Extended Incapacity Benefit coverage8: In addition to being diagnosed as mentally incapacitated, policy owners diagnosed with coma9, major head trauma10 or paralysis11 can have a family member appointed as the Incapacity Benefit Recipient to file a claim.
Extended Waiver of Premium Benefit:

If the insured, who is also the policy owner, is diagnosed as suffering from Total Permanent Disability due to Injury or Sickness before age 70, Client can enjoy Waiver of Premium Benefit12.

If the policy owner, who is not the insured, passes away or is diagnosed as suffering from Total Permanent Disability before age 70 due to Injury or Sickness, Client can enjoy Payor Benefit12.

Academic Achievement Awards: An award is paid based on the insured’s academic achievement in the Hong Kong Diploma of Secondary Education Examination, TOEFL, IELTS, International Baccalaureate Diploma Program, Mainland Gaokao, SAT, or upon receiving an unconditional offer of admission to a full-time undergraduate program of the world’s top 10 universities.

[Only applicable to Stellar Multi-Currency Insurance Plan II]

Flexible choice of withdrawal currency: SunWallet supports currency exchange in up to 17 currencies, enabling easier 24/7 policy management

From now until July 31, 2025, Clients successfully apply upgraded series of savings insurance products can enjoy the following offers:

  • SunJoy Global Insurance Plan II/SunGift Global Insurance Plan II (5-pay) – Up to 74% of the annualized first year premium#;
  • SunJoy Global Insurance Plan II/SunGift Global Insurance Plan II (2-pay) – Up to 10% of the annualized first year premium#;
  • Stellar Multi-Currency Insurance Plan II – Up to 93% of the annualized first year premium^.

Remarks

1 “Market-leading” refers to the services provided by Sun Life, the data of savings plans of new policies offered by composite and long-term insurers on the Register of Authorised Insurers of the Insurance Authority, and market conditions as of July 1, 2025.

2 This is an administrative arrangement and is not part of the product features. Please see the relevant leaflet and prescribed form for more details on the policy owner rights and the restrictions applicable to the designation of Contingent Policy Owner and the designation of Interim Policy Owner for the Contingent Policy Owner.

3 If this option is selected, the beneficiary must be a living individual.

4 Requests are subject to our approval. The New Policy will take effect from the Continuation Option Effective Date.

a. The Policy Date and the policies years of the New Policy will be the same as the Original Policy.

b. The Notional Amount, total premiums due and paid, outstanding amount of any loans and interest, and the policy values of the Original Policy, including Guaranteed Cash Value, accumulated Reversionary Bonus (if any), Terminal Bonus (if any) and the amount in the Value Lock-in Account (if any) will be allocated to the New Policy according to the designated percentage to the corresponding beneficiary according to the policy owner’s instructions.

c. There is no cooling-off period for the New Policy, and

d. For the purpose of counting the applicable period under the Incontestability provision, the relevant period will commence from the Continuation Option Effective Date for the New Insured.

5 The beneficiary will become both the New Insured and the new policy owner if (i) the designated insured who is also the policy owner has died; or (ii) the designated insured is not the policy owner, and the policy owner and the designated insured die at the same time; or (iii) the policy owner dies within 14 days after the death of the designated insured.

6 He/she must be the Designated Insured.

7 The Notional Amount after the Value Lock-in Option is exercised cannot be less than the minimum amount requirement.

8 The irrevocable beneficiary(ies) (if any) and the assignee (if any) must agree in writing to the requested designation of (a) the Incapacity Benefit Recipient; and (b) the Incapacity Benefit Percentage. Any existing Incapacity Benefit Recipient will be automatically revoked when (a) the policy owner designate a new Incapacity Benefit Recipient and the policy owner’s request is approved by us; (b) the policy owner is changed; (c) Sun Life HK has been notified that there is a guardian or committee appointed under the Mental Health Ordinance (Cap. 136 Laws of Hong Kong SAR) (or if there is a guardian or committee appointed under similar laws in another jurisdiction); or (d) Sun Life HK has been notified that the policy owner has an enduring power of attorney covering the policy. In the event that there is a dispute between the Incapacity Benefit Recipient and any other person, including but not limited to the insured’s guardian, committee, attorney, beneficiary(ies), assignee or in our reasonable belief that there is such a dispute, Sun Life HK reserves the right to withhold the payment of the Incapacity Benefit until such dispute is resolved.

9 Coma means a state of unconsciousness with no reaction to external stimuli or internal needs persisting continuously with the use of life support systems for a period of at least 1 week and resulting in a neurological deficit, which in our medical officer’s opinion is of a permanent nature.

10 Major Head Trauma means major trauma to the head with disturbance of the brain function confirmed by definite diagnosis by a consultant neurologist acceptable to us. The disturbance must result in a permanent bedridden situation or the inability to perform without assistance 3 or more Activities of Daily Living.

11 Paralysis means permanent loss of muscular power of both arms or both legs due to the disorder of the brain and nervous system and confirmed by a Specialist in the relevant medical field.

12 This benefit is subject to maximum amount, terms and conditions, pre-existing conditions and exclusions listed in the policy document.

# It includes basic rebate and green offer (guaranteed prepayment interest rate applies and only applicable to policies in United States Dollars). Terms and conditions apply. Please refer to the promotional leaflet for details.

^ It includes basic rebate, Enhanced Rebate and green offer (guaranteed prepayment interest rate applies and only applicable to policies in United States Dollars). Terms and conditions apply. Please refer to the promotional leaflet for details.

Hashtag: #SunLife永明 #永明金融 #SunLife #儲蓄保險 #分紅保險 #財富傳承 #萬年青 #星河尊享 #星河傳承 #永越 #身故保障 #後補保單主權人 #保單暫托人 #savingsinsurance #participatinginsurance #wealthlegacy #SunJoy #SunGift #Stellar #deathbenefit #policyowner #contingentpolicyowner #interimpolicyowner

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

About Sun Life

Sun Life is a leading international financial services organization providing asset management, wealth, and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion. For more information, please visit .

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. Sun Life Hong Kong Limited is a wholly-owned subsidiary of Sun Life Assurance Company of Canada.

AweMed Series Sponsors Eczema Family Day 2025 to Support Singapore’s Sensitive Skin Community


SINGAPORE – Media OutReach Newswire – 3 July 2025 – AweMed®, a skincare brand developed in collaboration with local dermatologists and paediatricians, sponsored the Eczema Family Day 2025—an annual event organised by Eczema Support Group Singapore (ESGS). The event was held on 12 April, where patients, caregivers, and healthcare professionals came together to share knowledge, foster connections, and support individuals living with eczema in Singapore.

AweMed Series Sponsors Eczema Family Day 2025 to Support Singapore’s Sensitive Skin Community
AweMed Series Sponsors Eczema Family Day 2025 to Support Singapore’s Sensitive Skin Community

Deepening Community Engagement Through Sponsorship
The brand’s decision to sponsor the Eczema Family Day stems from its ongoing commitment to supporting individuals and engaging local communities with sensitive and eczema-prone skin. While
the brand has been providing gentle, eczema-friendly skincare solutions for several years, this marks a new chapter in its efforts to connect directly with the eczema community.

“We’ve always provided support for eczema patients through our products, but we recognised the need to do more,” said a spokesperson for AweMed®. “Increasing our visibility within the eczema community has been a long-standing goal. So, when we were approached by the main event organiser about sponsoring or participating in the annual Eczema Family Day, we were eager to get involved.”

Awareness and Education on Daily Eczema Management
AweMed® also invited Dr. Ellie Choi, a board-certified dermatologist at the National University Hospital, to speak at the event. Her talk, titled “Eczema Care for All Ages: Managing It in Adults and Kids,” highlighted the chronic nature of eczema and emphasised the importance of consistent, day-to-day management. Dr. Choi also underscored the vital role that eczema support networks play in helping individuals navigate their journey.

The brand’s involvement also went beyond sponsorship. Team members were present to connect with attendees, offer product samples, and share practical tips on caring for sensitive and eczema-prone skin. A selected number of visitors were offered a free moisturiser for itchy skin, and all ESGS members received a 10% promotional code.

Overall, the event provided a meaningful platform for AweMed® to engage directly with the community about their individual skincare concerns.

Launch of a New Free Sample Initiative
For those who were not present at Eczema Family Day or are not part of the ESGS, AweMed is continuing to offer free samples as part of a three-month initiative.

This move is in response to a common concern expressed by many Family Day attendees—hesitation in trying new skincare due to the reactivity of their skin. As such, this initiative is designed to offer a safe, no-obligation way for users to experience the company’s formulations firsthand, making its products more accessible to those newly discovering the AweMed® skincare line.

This free samples programme is open to all, with no specific eligibility requirements. Samples will be distributed on a first-come, first-served basis while stocks last. Readers can also visit the brand’s Instagram page for updates about an ongoing promotion.
Hashtag: #AweMedSeries #Eczema #EczemaFamilyDay #EczemaRelief



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

About AweMed®

AweMed® is a Singapore-based skincare brand formulated specifically for sensitive and eczema-prone skin. Developed in collaboration with experienced dermatologists and paediatricians, their range includes targeted solutions such as an for quick relief and a for gentle cleansing. With a commitment to safety, efficacy, and comfort, AweMed empowers individuals to “Itch Less, Live Better, Feel Awesome.”

The “Amazing Shenzhen” Campaign Invited Indonesian Influencers to explore Shenzhen’s Energy and Innovation

SHENZHEN, CHINA – Media OutReach Newswire – 3 July 2025 – Coordinated by YoyWow Communication Co., Ltd., the “Amazing Shenzhen” campaign invited three Indonesian creators to experience the city’s rhythm, culture, and creative energy firsthand.

The three popular Southeast Asian content creators are Fadil Jaidi, Alwi Fachry, and Abi Nugroho — known for their humor, sincerity, and close connection with young audiences — each produced content offering a personal lens into Shenzhen’s spirit of innovation and openness.

The three influencers recently explored Shenzhen as part of the “Amazing Shenzhen” campaign, offering authentic snapshots of China’s tech-forward city through vlogs and reels. Their content reached over 3 million viewers globally within 24 hours.

Amazing Shenzhen offered more than tourism promotion; it was cultural storytelling. Through humor and unfiltered observations, these creators reshaped international perceptions of Chinese urban life, particularly for younger Southeast Asian audiences.

Influencer Highlights:

Fadil Jaidi: Indonesian star Fadil Jaidi brought his signature humor and warmth to a vivid Shenzhen vlog. From Dapeng Fortress to the Shenzhen Mosque, he shared upbeat reactions to robot check-ins and the city’s vibrant spirit. (Fadil’s Vlog: https://www.youtube.com/watch?v=bqwn4iHGLJE)

Alwi Fachry: Alwi’s reel blended spontaneity with visual flair — skyline views from Ping An Tower, silhouette art in Nantou, and Zhongshuge Library. His reel revealed a city where heritage meets future design. (Alwi’s Vlog: https://www.instagram.com/reel/DLfIa5QJNxi/)

Abinugroho: Abi shared calm, composed visuals of Shenzhen — from historic Dapeng to MixC World and halal-friendly cafés. His vlog highlighted cultural accessibility and quiet beauty. (Abi’s vlog: https://www.instagram.com/p/DLbUOeQhk7n/)

Hashtag: #AmazingShenzhen

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

About “Amazing Shenzhen”

“Amazing Shenzhen” is a global-facing city campaign inviting creators to explore Shenzhen’s energy and innovation. For media inquiries and visual assets, contact: grace.chin@yoywow.com.

New Home Sales and Returning Investors Help Drive Hong Kong Residential Market Transactions

Overall Office Leasing Activity Picks Up, but Grade A Office and Prime Retail High-Street Rents Remain Under Pressure

  • Homebuyers and investors were both active in the Hong Kong residential market in Q2 2025, incentivized by a weakening HIBOR and rapid launches of new projects by developers at attractive prices. The total residential transaction number for the Q2 period is expected to rise by 30% q-o-q to reach 15,900 units.
  • The Grade A office new-lease transaction area reached 1.2 million sf, the highest level since the COVID-19 pandemic period. However, the overall Grade A office rental level continued to decline, falling 1% q-o-q, resulting in an overall 3.4% drop for the 1H 2025 period.
  • Retail market sale performance has yet to demonstrate significant improvement despite an increase in visitor arrivals. High street vacancy rates generally trended upwards across core districts in Q2, weighing on overall rental levels. Nevertheless, a notable number of new leasing transactions were recorded, reflecting an ongoing “tenant reshuffling” in the market.

HONG KONG SAR – Media OutReach Newswire – 3 July 2025 – Global real estate services firm Cushman & Wakefield today held its Hong Kong Property Markets 1H 2025 Review and 2H Outlook press conference. The one-month Hong Kong Interbank Offered Rate (HIBOR) has been gradually softening since May, resulting in lower mortgage rates. Coupled with developers actively launching new residential projects at competitive prices, momentum in the primary residential market remained strong in the period. Improved rental yields also encouraged investors to re-enter the housing market, supporting monthly transaction volumes that exceeded 5,000 cases in Q2.

In the Grade A office sector, net absorption remained positive in Q2, with Hong Kong Island showing greater resilience. However, high availability and an abundant future supply pipeline continued to weigh on rental performance. In the retail sector, despite a steady rise in visitor arrivals, retail sales have yet to show notable improvement. Vacancy pressures persisted, leading to a general downward trend of high street retail rents during Q2.

Grade A office leasing market: New lease area reached 1.2 million sf, the highest level since the COVID-19 period

The Hong Kong Grade A office market witnessed accelerated leasing momentum in Q2 2025, underpinned by relocation and expansion activities from the banking & finance and insurance sectors, The new leased transaction area for Q2 2025 reached 1.2 million sf, the highest quarterly level since Q3 2019. Several big-ticket deals were recorded, including Jane Street’s pre-commitment of more than 207,000 sf at Site 3 at the Central Harbourfront project. The overall office availability rate remained largely stable at 19.3% in Q2, while quarterly positive net absorption slowed, dropping almost 50% to record 71,400 sf. With the new supply pipeline remaining abundant, the overall Grade A office rental level continued to trend down, dropping 1% q-o-q in Q2, contributing to an overall 3.4% drop for the 1H 2025 period.

Chart 1: Rents of Grade A offices in Hong Kong

John Siu, Managing Director, Hong Kong, Cushman & Wakefield, said, “In the 1H 2025 period, the Hong Kong Stock Exchange is expected to rank first globally in terms of funds raised through the Initial Public Offering (IPO) market — reclaiming the top spot for the first time since 2019. With more Chinese mainland stocks expected in the pipeline, this should help support office market sentiment and stimulate downstream leasing demand, particularly in the banking & finance and professional services sectors. Despite the improving market sentiment, an ample new supply pipeline and high availability may continue to weigh on rental performance in 2H 2025, and we forecast the overall office rental to decline by 7%–9% throughout 2025.”

John Siu added, “According to Cushman & Wakefield’s new What Occupiers Want 2025 report, the top three priorities shaping occupiers’ leasing strategies are cost control, talent retention, and operational excellence. While occupiers remain cost-cautious, they increasingly recognize the importance of a healthy and engaging workplace in attracting and retaining talent. Against this backdrop, other than offering rental incentives, we encourage landlords to collaborate closely with occupiers to create unique and value-driven work environments, so as to stand out in today’s highly competitive office market.”

Retail leasing market: Retail sales continued to contract despite improving tourist arrivals, while high street rents remained under pressure

For the January to May 2025 period, Hong Kong recorded more than 20 million visitor arrivals, growing 12% y-o-y. We believe this growth is supported by the opening of the Kai Tak Sports Park and the recent hosting of a range of mega-events at the venue. However, the rise in visitor numbers has not yet translated into stronger retail sales. From January to May 2025, total retail sales in Hong Kong amounted to HK$ 155.1 billion, reflecting a y-o-y decline of 4.0%. Visitor spending has become more cautious, with a growing preference for cultural experiences and value-for-money retail offerings. As a result, traditionally popular high-end retail categories have been most affected. Sales in the Jewellery & Watches and Apparel & Accessories sectors declined by 8.8% and 5.7% y-o-y, respectively. The Medicines & Cosmetics and Food, Alcoholic Beverages & Tobacco sectors recorded modest growth, rising by 3.4% and 2.7% y-o-y, respectively.

Vacancy rates generally trended upwards across core retail districts in Q2 2025. The vacancy rate in Causeway Bay showed the most notable increase to climb to 13.2%, from 5.3% last quarter. Vacancy rates in Mongkok and Central rose slightly q-o-q, to 9.5% and 8.6%, respectively, while Tsimshatsui remained stable at 9.4%. Retail leasing activity was most active in Mongkok in the Q2 period, supported by the district’s relatively attractive rental levels and stable tourist footfall.

High street retail rents generally fell in Q2, in response to lifted vacancy pressure. Rents in Causeway Bay fell by 3.6% q-o-q, followed by Tsimshatsui and Mongkok at 3.4% and 1.7% q-o-q, respectively. Rents in Central rose slightly at 0.2% q-o-q, supported by resilient local demand. In the F&B sector, rents across districts recorded a mild decline on a q-o-q basis, within a 1% range.

Chart 2: High street retail rents in prime districts in Hong Kong

John Siu commented, “The Hong Kong retail market is experiencing a reshuffling of tenants. Retailers and F&B operators that are promoting local culture, offering unique experiences, and offering high-quality services and products, will likely be favored by tourists and will be able to prosper in the market. In contrast, some traditional retailers will be forced out of the market due to their failure to adapt to the shifted consumption patterns. Nevertheless, leasing activity in core districts has remained active. The current attractive rental level is lowering entry costs for new market players, while benefitting more mass-market retailers aiming to enter high-street areas. Looking ahead, with the opening of the Kai Tak Stadium, we expect that the government will continue to promote mega-events and world-class concerts, in turn drawing more international visitors and tourism spending. We expect high street retail rents and F&B rents to remain largely stable in the 2H 2025 period, and to mildly correct in the range of -1% to -3% through 2025.”

Residential market:
Lower HIBOR and active new launches drive transactions; home prices stabilize in Q2

Overall sentiment in Hong Kong’s residential market continued to improve in Q2 2025. The decline in the HIBOR during the quarter, which remained at relatively low levels, helped reduce mortgage and entry costs, creating favorable conditions for homebuyers. At the same time, developers actively launched new projects with attractive pricing strategies, fueling strong activity in the primary market and sustaining high overall transaction volumes. According to Cushman & Wakefield estimates, the total number of residential sales and purchase agreements in Q2 is expected to reach approximately 15,900, representing a 30% q-o-q increase, reflecting the continued market purchasing power.

Chart 3: Number of residential sale & purchase agreements

Rosanna Tang, Executive Director, Head of Research, Hong Kong, Cushman & Wakefield, added, “The positive market response to new launches between March and May supported monthly transaction volumes exceeding 5,000 units, indicating resilient end-user demand and contributing to home price stabilization. Based on data from the Rating and Valuation Department, the overall residential price index edged up by 0.5% between April and May, narrowing the first five months’ decline to 0.9%. On the leasing front, the growing number of expats and non-local students, coupled with the traditional leasing peak season in May and June, drove the private residential rental index up by 0.67% m-o-m in May, resulting in a 1.4% increase over the first five months of 2025. Looking ahead, while global uncertainties persist and the sustainability of low HIBOR remains uncertain, a potential interest rate cut by the U.S. later this year could further support lower HIBOR levels, providing a positive narrative for the housing market. We maintain our earlier forecast that overall transaction volume will be similar to last year, with full-year home price fluctuations expected to remain within a ±3% range.”

Edgar Lai, Senior Director, Valuation and Consultancy Services, Hong Kong, Cushman & Wakefield, concluded, “According to our tracking of popular housing estates, all market segments showed some improvement in Q2. Notably, City One Shatin, representing the mass market, recorded a 2.3% q-o-q sale price increase. Taikoo Shing, representing the mid-market, saw a modest 0.4% q-o-q rise, while Bel-Air, representing the luxury segment, saw sale prices decline narrowly by 2.5% q-o-q. Recently, some banks have relaunched mortgage cash rebate programs, effectively lowering the entry threshold and stimulating buying interest among prospective purchasers. Over the past one to two months, we observed an approximately 5% increase in mortgage inquiries compared to April. Among the newly signed provisional sale and purchase agreements, 60%–70% of transaction prices were 3% to 5% higher than their online valuations. These changes were most concentrated in properties priced at around the HK$10 million mark, and particularly in the HK$3– 4 million range, indicating a recovery in demand for small- to mid-sized units.”

Please click here to download photos.

Photo 1: (From left to right) Edgar Lai, Senior Director, Valuation and Consultancy Services, Hong Kong, Cushman & Wakefield; John Siu, Managing Director, Head of Project and Occupier Services, Hong Kong, Cushman & Wakefield and Rosanna Tang, Executive Director, Head of Research, 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 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.hk or follow us on LinkedIn ().

Hun Sen Calls for Halt to Thai Imports and Film Screenings Amid Renewed Tensions

Cambodia’s Hun Sen Accuses Thai PM of ‘Insulting King
Cambodia's ex premier Hun Sen (photo credit: Hun Sen Facebook page)

Cambodia’s Senate President Hun Sen has called for an immediate suspension of the import of key strategic goods from Thailand and a complete halt to the screening of Thai films in Cambodia. The announcement comes amid renewed expressions of distrust toward Thailand and growing emphasis on national self-reliance.

Hun Sen made the statement while presiding over a student and teacher meeting at the Chea Sim University of Kamchay Mear, Prey Veng Province, on 3 July.

Hun Sen instructed the government to stop buying electricity, internet, fuel, and gas from Thailand from now on. His announcement is to prevent future problems that could threaten Cambodia.

“Cambodia must be careful, and strategically, never buy anything from Thailand,” Hun Sen declared in his speech. His remarks refer to concerns over national security and economic sovereignty, pointing to the risks of dependency on a neighboring country with which Cambodia has had recurring political tensions. 

In addition to strategic imports, Hun Sen called for an immediate ban on all Thai films being screened in Cambodia. “It is time to stop showing Thai films and focus on supporting Cambodian productions,” he said.

Hun Sen recalled that Cambodia had already banned Thai films in 2003, following diplomatic tensions. However, Thai cinema was allowed to return to Cambodian screens around 2016–2017 after repeated requests from the Thai side.

The statements have not yet been followed by official policy enactments, but they are expected to carry significant weight given Hun Sen’s enduring influence in Cambodian politics, even after stepping down as Prime Minister in 2023.

Previously, on 22 June, Cambodian Prime Minister Hun Manet announced that Cambodia will suspend all fuel imports from Thailand amid rising tensions over a border dispute.

The move follows a deadly clash last month in the disputed Emerald Triangle region, where a Cambodian soldier was killed during a firefight between troops.

Laos Launches Disability-Inclusive Early Warning Workshop to Strengthen Climate Resilience

Two-day workshop on Disability-inclusive early warning messaging in Vientiane. (Photo: WFP Laos)

A two-day workshop on Disability-inclusive early warning messaging is starting today in Vientiane.

The host is the United Nations World Food Program (WFP) in collaboration with the Department of Meteorology and Hydrology under the Ministry of Natural Resources and Environment, and the Ministry of Labor and Social Welfare’s Department of Social Welfare.

Laos is increasingly affected by hydro-meteorological hazards, such as storms, floods, droughts and heatwaves, intensified by climate change.

Last year’s deadly floods that hit Luang Namtha made it evident that the country needs to ensure that early warning messages are accessible to everyone, including persons with disabilities.

This is vital for safeguarding communities, but also for enhancing the resilience and capacity of the state to protect its citizens.

Two-day workshop on Disability-inclusive early warning messaging in Vientiane. (Photo: WFP Laos)

The workshop results from a recommendation of the Early Warning Systems Perception Survey report, which calls for more inclusive and accessible warning systems that use multiple communication channels and prioritize reaching the most vulnerable.

The survey revealed that many persons with disabilities in Laos face serious challenges in receiving, understanding, and acting on early warning messages. These gaps in communication not only endanger individuals but also weaken the ability of entire communities to respond effectively to emergencies.

“At the Department of Meteorology and Hydrology, we are committed to making our forecasts and warnings more inclusive and accessible. We recognize that persons with disabilities face additional challenges during disasters, and we must work together with all partners to ensure no one is left behind. This workshop is a valuable opportunity to listen, learn, and strengthen our early warning services by including the voices and experiences of persons with disabilities,” said Bounteum Sysouphanthavong, the department’s Deputy Director General.

The workshop supports Laos’s commitment to the UN Convention on the Rights of Persons with Disabilities. It also contributes to Laos’s Early Warnings for All Roadmap, which aims to build truly inclusive and people-centered early warning systems by 2027.

“When all actors understand the specific barriers faced by persons with different types of disabilities, appropriate communication tools and technologies can be used to reach all of society during emergencies,” said Vingthong Chanthavong, Operations Manager at Disability Mainstreaming Advisory Service.

Naoki Maegawa, WFP Deputy Country Director and Representative a.i. said, “As the largest humanitarian agency globally, WFP is committed to ensuring that no one is left behind – especially during times of crisis. In Lao PDR, we are helping the Government build systems that manage the risks of a changing climate and other shocks, with a focus on equal access to timely, clear, and actionable information that can save lives. This workshop is testimony to a collaborative effort towards inclusive action in emergencies.”