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Singapore investors snap up US$5 billion of China’s commercial properties, brushing aside trade war concerns

Singapore’s investors made a strong comeback to China’s property market, becoming the biggest group of asset buyers in the country even as a trade war rages on with the United States, and threatens to spill over into an assault on Chinese technology.Real estate investments by institutions and individuals from the Southeast Asian city state rose to 34.65 billion yuan (US$5 billion) last year, or 42 per cent of total spending by global capital in China, according to data by real estate agency… Source link

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Huawei trade ban to test China’s 5G roll-out as Beijing set to issue commercial licences

China’s Ministry of Industry and Information Technology (MIIT) said it will issue licences for commercial 5G mobile services “in the near future”, as the country attempts to move ahead in the global race to roll out ultra-fast, next-generation telecommunications networks that will help power the industrial internet, autonomous driving and smart cities.But a US blacklisting of Huawei Technologies, the global leader in 5G telecoms network equipment, raises concerns about the ability of China to… Source link

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Has Asia’s commercial property bull market peaked? Here are three reasons to suggest it has further to run

One of the attractions of investing in real estate is that the returns on offer are invariably higher than those on benchmark government bonds. Yet, over the past decade or so, the spread, or gap, between rental yields and their fixed-income equivalents has narrowed sharply as property yields have shrunk, driving up prices. In the commercial real estate market, the average prime yield across 50 major cities tracked by property adviser CBRE has fallen from about 7 per cent in 2009 to just over 4… Source link

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Opportunities abound for experienced investors in Europe’s commercial property market

2019 looks to be another year of troubling headlines about geopolitical turmoil and global trade risks. But, despite a backdrop of Brexit and rising populism, last year saw significant investment into European commercial property.European destinations dominated cities across the world for the volume of inward property investment, with London at the top and Paris, Amsterdam, Madrid, Berlin and Helsinki in the top 10, according to international real estate consultancy CBRE.In the UK alone, CK… Source link

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Unmoved by trade war escalations, China’s commercial real estate market outperforms competitors

In the past month, China’s fragile economy and financial markets have taken a severe knock. The trade war has unexpectedly intensified, throwing the acuteness of the commercial and economic tensions between Washington and Beijing into sharp relief. Mainland stocks have suffered four weeks of losses, while the yuan is edging closer to its record low versus the dollar. More worryingly, China’s economy, which appeared to be stabilising earlier this year, has continued to lose momentum. Last month,… Source link

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Industrial and Commercial Bank of China tops Forbes’ Global 2000 list for seventh year, while ‘Made in China 2025’ sectors languish

China’s biggest banks have shrugged aside the gloom of its escalating trade war with the United States to dominate an annual list of the world’s biggest listed companies compiled by Forbes.Industrial and Commercial Bank of China (ICBC), one of the country’s “Big Four” banks and the world’s largest lender by assets, has been ranked top for the seventh consecutive year by the Global 2000 list, itself in its 17th edition. The Big Four as well as Ping An Insurance are all in the top 10.US bank… Source link

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First seafront commercial plot of land on Kai Tak runway sells for record HK$11.1 billion

The first seafront commercial plot of land on the runway of Hong Kong’s former airport, Kai Tak, has sold for a record HK$11.1 billion (US$1.41 billion), the city’s Lands Department said on Wednesday.Hong Kong developer Goldin Financial Holdings shrugged off the turmoil of an escalating trade war to win the tender for Kai Tak 4C Site 4, the second commercial plot on the runway to be offered for sale. At HK$12,888 per square foot, the sale was broadly in line with a forecast of HK$13,000 per… Source link

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Developers are lukewarm on Kai Tak’s commercial plot as trade war impasse creates an anticlimax to a week of record home sales

The second commercial property plot on the runway of Hong Kong’s former airport received fewer bidders when a government tender closed on Friday, as the absence of a resolution in the US-China trade war provided an anticlimax to a week of record-breaking sales in the city’s home market.Area 4C Site 4 on the Kai Tak runway, valued at HK$11.2 billion (US$1.4 billion), or HK$13,000 per square foot for the 863,000 square feet (80,175 square metres) of gross floor area, received six bids, according… Source link

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China overtakes Australia as top destination in Asia-Pacific for foreign commercial property investors, CBRE survey finds

China has overtaken Australia as the top destination in Asia-Pacific for cross-border investments in commercial property for the first time, with Shanghai the preferred city for overseas buyers, according to a survey by CBRE.About a quarter, or 25.8 per cent, of the 348 global real estate investors polled between November and January said they were interested in China, up 3.7 percentage points from a year ago.The office segment remained the most popular sector, with more than a third of… Source link

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Singapore 

12 investigated over $38,000 lost to scams and commercial crime-related offences, Singapore News

SINGAPORE – Seven men and five women are being investigated for their suspected involvement in a series of e-commerce scams and commercial crime-related offences where victims have lost more than $38,000. The police said on Sunday (April 28) that this followed a two-day enforcement operation last Wednesday and Thursday by officers from Ang Mo Kio Police Division. The 12 suspects, aged between 25 and 55, are believed to be involved in 23 cases. Five of them are believed to have allowed their bank accounts to be used by criminals to…

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