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Foshan leads the real estate rally among Greater Bay cities as speculators get ahead of curve

Foshan, an industrial city next to Guangzhou, has experienced the biggest gain in property prices in the last 18 months among the 11 cities in the Greater Bay Area plan, according to an index by Hong Kong property agent Centaline Property.As of January, prices for new and used homes in the city have risen 35 per cent since July 2017, according to the Centaline Greater Bay Area Index. Zhaoqing ranked No 2 with a 22 per cent gain, followed by Jiangmen with a 16 per cent gain and Hong Kong…

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Hong Kong’s banking and insurance sectors among biggest winners under ‘Greater Bay Area’ blueprint, say analysts

Hong Kong and the other cities in the “Greater Bay Area” are likely to see an increase in cross-border insurance and banking activity, mutual fund investments and commodities trading under the blue print unveiled by the Chinese government on Monday evening.The insurance sector will be one of the biggest winners under the plan for the new economic hub because it will enable more cross-border insurance policy sales, claims and investigations, said analysts. The plan also includes measures to… Source link

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Singapore 

Singapore, Hong Kong and Tokyo among Asia-Pacific’s top cities for millennials to move to, Singapore News

Singapore is the most millennial-friendly city in the Asia-Pacific, with Hong Kong ranking as the third-best place for young people to move to, according to a new study. Research firm ValueChampion analysed a variety of public data and ranked 20 Asia-Pacific cities that were the best fit for millennials based on employment prospects, cost of living and quality of life. After Singapore on the list came Tokyo, Hong Kong, Guangzhou and Melbourne respectively. “Singapore is the best city for millennials seeking to build a career and enjoy a great quality…

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Smartphone giant Xiaomi, Tencent Music among a dozen stocks to be added to MSCI China Index

Smartphone giant Xiaomi and online video platform Iqiyi are among a dozen listed companies to be added to MSCI’s benchmark Chinese equities gauge, the global index compiler announced on Monday. The inclusion of the stocks in the MSCI China Index at the end of February is likely to benefit them in the long term because they may attract global funds that track such indexes, said analysts. MSCI claims to serve “99 of the top 100 largest money managers”. “Those funds will not buy and sell frequently but [they will] hold…

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Country Garden, China Evergrande and China Vanke among developers reporting decline in January home sales

Mainland Chinese property developers have reported a decline in home sales for January, in a sign the Year of the Pig could be in for a rocky start. According to property consultancy CRIC, more than 30 per cent of the mainland’s top 100 developers posted a year-on-year drop in housing contract sales, or presales of unfinished homes, for the first month of 2019. Among these, 13 reported a more than 30 per cent decline in sales. Buoyed by easing, expected end to Fed rate hikes, China developers issue US$8.6 billion…

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Singapore 

‘It’s auto-lock!’: SCDF, RSAF among those with light-hearted take on Gojek viral video, Singapore News

SINGAPORE – “You took me hostage!” “It’s auto-lock!” Most Singaporeans would by now be able to identify these phrases from a heated exchange between a Gojek driver and his unhappy passenger, after a video of it went viral online. A seven-minute clip of the incident, which shows the female passenger accusing the driver of kidnapping her, has been viewed nearly 700,000 times and shared more than 11,100 times since it was first posted on Facebook last Thursday (Jan 31). Barely days after the incident, the phrases have been immortalised by…

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Singapore 

Woman trapped, bleeding under wheel, among 6 injured after car hit tree in Punggol; driver arrested, Singapore News

SINGAPORE – Six people were taken to hospital after a car accident in Punggol on Sunday morning (Feb 3). Police said they were alerted to the accident involving three pedestrians at Punggol Central towards Sumang Lane at 8.48am. The car driver and two passengers were among the six, aged between 29 and 65, taken to Khoo Teck Puat Hospital. The 63-year-old driver was later arrested for causing hurt by negligent act, the police said. Engineer Koh Chek Kian told The Straits Times that he saw the car breach the kerb…

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Dublin to build on popularity among Chinese tourists, wants more direct flights to Hong Kong

Ireland is keen to expand the number of flights between Hong Kong and Dublin this summer, with the aim of attracting more Chinese tourists, Michael D’Arcy, minister of state of the Republic of Ireland’s Finance Department, said in an interview. The Cathay Pacific service to Dublin that started in June 2018 runs four times a week, and D’Arcy is negotiating for an expansion to five or six flights a week. The Hong Kong service is the first between an Asian city and Dublin, followed by Beijing, and has contributed to…

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Vietnam 

Malaysia ranks 12th among Việt Nam’s foreign investors in 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Malaysia pumped $254.76 million into 41 new investment projects in Việt Nam from the start of 2018 to December 20. — Photo cafef.vn Viet Nam News KUALA LUMPUR — Malaysia ranked 12th among the countries and territories investing in Việt Nam in 2018 with total registered capital hitting US$435.54 million, according to the Vietnamese trade office in Malaysia. The country pumped $254.76 million into 41 new investment projects in Việt Nam from the start of 2018 to December 20, while its investors added $27.47 million in total to…

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Singapore 

Marie Kondo show sparks decluttering fever among Singaporeans, Singapore News

SINGAPORE – Mop the floor, wash the curtains, wipe down the furniture – that was what Ms Casey Lee, 45, always did when she cleaned house for Chinese New Year. But this year, the housewife also cleared out one-third of her wardrobe, getting rid of 20kg of dresses, pants and work wear. Her inspiration? Marie Kondo, the Japanese organising consultant famous for her method of keeping only things that “spark joy”. The organisational guru’s Netflix series Tidying Up With Marie Kondo was released on Jan 1, prompting many Singaporeans to…

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