Vietnam 

Housing and green bonds are potential growth areas in Asia, says ADB experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam’s domestic bond market has rebounded in the first quarter of this year. — Photo cafef HÀ NỘI — Việt Nam’s domestic bond market has rebounded in the first quarter of this year, marking an increase of 0.7 per cent in value of the domestic currency to US$51.4 billion after falling 5.3 per cent in the fourth quarter of 2018, according to the Asian Development Bank (ADB)’s latest issue of Asia Bond Monitor. ADB said that this growth was due to an increase in the balance of treasury…

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Property 

Housing policy easing, falling yuan to attract young Hongkongers to ‘Greater Bay Area’ cities of Zhuhai, Zhongshan and Guangzhou

More young Hongkongers looking to get on to the property ladder are expected to seek homes in the “Greater Bay Area” cities of Zhuhai, Zhongshan and Guangzhou, as a result of policy easing and a depreciating yuan, property agents have said.The agents said they have witnessed a twofold year-on-year increase in home sales in these cities, while enquiries from Hong Kong buyers looking to buy apartments in 70-year-lease projects have also gone up.“We are seeing more inquires from young Hongkongers… Source link

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Home 

Beijing likely to loosen its grip on the housing market as exports cool, analysts say

Beijing may begin to unwind restrictions designed to keep property prices in check as it battles to prop up economic momentum amid the escalating trade war, according to experts.The property sector and related industries, which account for more than 25 per cent of China’s gross domestic product according to CLSA, could be used to help offset the deteriorating trade outlook. The policy approach may be winning hearts and minds in Beijing as data showed exports contracted 2.7 per cent in April… Source link

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Vietnam 

Housing projects to see more inspections – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A view of HH Linh Đàm Urban Area, which violated its approved plans by adding extra floors, Hà Nội’s Hoàng Mai District. VNS Photo HÀ NỘI The Ministry of Construction and localities must conduct inspections on urban areas that may have violated their approved plans and issue strict punishments if violations are found, Deputy Prime Minister Trịnh Đình Dũng said at a National Assembly (NA) question and answer session on Wednesday. He said NA deputies and the public had expressed concern about urban plans being arbitrarily adjusted to suit investors. Infrastructure had been overloaded in some cases…

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Home 

Hong Kong’s housing market doomed to retreat as trade war deepens, says Credit Suisse

The escalation of the US-China trade war could derail the recent upbeat outlook on Hong Kong real estate, with Credit Suisse predicting that all segments of the property market will see a decline in prices this year.The Swiss bank said credit conditions could tighten further as banks become more reluctant to lend, leading to a rise in the Hong Kong interbank offering rate (Hibor), the interest rate at which banks lend to each other.“As the trade tensions escalate, we’re likely going to see… Source link

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Property 

HSBC sounds alarm over ‘vulnerable’ Canadian housing market as global home prices cool

Home prices, a gauge of an economy’s health, cooled across the globe in the last quarter of 2018, but higher interest rates in Canada have made the country’s housing market more vulnerable than other economies, according to the latest report from HSBC.In the last three months of the year, nominal prices of residential units were up by an average of 4 per cent globally, with real prices down by 2 percentage points.Nominal home prices in Canada rose 2 per cent, while real house prices declined 0… Source link

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Home 

Copying the European concept of transitional housing to Hong Kong wouldn’t work. Here’s why

On April 18, the government announced that the Chief Executive and the Executive Council had approved the exemption of waiver fees, rent and associated costs for land granted for transitional housing purposes as a measure to mitigate the hardship suffered by families living in inferior accommodation.According to the legislature’s documents, there are approximately 1,600 units of transitional housing in Hong Kong, including the Trackside Villas owned by MTR Corporation, which will provide 252… Source link

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Vietnam 

Real estate market set for recovery as HCM City streamlines housing regulations – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HCM City seen from the Thủ Thiêm Urban Area in District 2. — VNS File Photo HCM CITY — The HCM City housing market is expected to recover again after being flat for over one year with support from the local government. Developers said authorities remove hindrances that had been faced by 124 real estate projects, and this would help significantly increase the supply of apartments. In the first five months of the year, the market did not see the same feverishness that was evident in the last three years. According…

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Property 

Hong Kong’s housing market sentiment cools as US-China trade war escalates

Hong Kong’s property market sentiment is souring. Homeowners are slashing asking prices while buyers are forfeiting deposits on new flats amid the escalating US-China trade war.In New Territories, which has an ample supply of new flats, about 10 per cent of the homeowners have started lowering prices by an average of 5 per cent in the past two weeks to woo buyers, according to agents.“The US-China trade war has become white-hot,” said Sammy Po, chief executive of residential division at Midland… Source link

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China 

China showing signs similar to Japanese housing bubble that led to its ‘lost decades’, expert warns

China must exercise extreme caution in handling its housing sector because it is showing signs similar to those witnessed during Japan’s bubble period of the 1980s that contributed to the collapse of Japanese asset prices and its subsequent “lost decades” of weak economic growth and deflation, a Japanese financial system expert warned.The parallels between China’s current landscape and Japan’s two decades ago are readily apparent, stemming from a loose monetary policy that laid the foundation… Source link

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