China 

Robert Lighthizer determined to land ‘real agreement’ with China, US Chamber chief Tom Donohue says

This story is published in a content partnership with POLITICO. It was originally reported by Adam Behsudi on politico.com on September 16, 2019.US Trade Representative Robert Lighthizer told top business executives on Monday that there is still much work to be done to reach a trade deal with China despite the two sides having been close to an agreement earlier this year, said US Chamber of Commerce CEO Tom Donohue.“He laid it out by saying this is an extraordinary challenge, and when it all… Source link

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Vietnam 

BIM Land to get $87.5m from IFC to develop tourism in Việt Nam and Lao PDR – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Hạ Long Marina project developed by BIM Land in Hạ Long City. — Photo courtesy of BIM Group HÀ NỘI — BIM Land Joint Stock Company, a property developer under BIM Group, has reached an agreement with International Finance Corporation (IFC), a member of the World Bank Group, for a loan of up to US$87.5 million to develop tourism infrastructure in Việt Nam and Lao PDR. Tourism is one of the key growth drivers for both countries. Last year, Việt Nam welcomed 15.5 million foreign visitors while Laos attracted about…

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Property 

Hong Kong developers looking to build on farmland, sites of old buildings as government reduces land available for private flats

Hong Kong’s major developers are rushing to build more flats on farmland they already own and at urban sites where old buildings can be bought and torn down.The push comes as the city government is slowing down the amount of land it is making available for developers to buy for private residential projects.In June 2018, chief executive Carrie Lam Cheng Yuet-ngor announced that nine government sites – three in Kai Tak and six in Anderson Road Quarry – originally earmarked for private housing had… Source link

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Home 

Indonesian developers want government to curb land speculation around country’s new capital

Indonesia’s plan to build a US$33 billion new capital from scratch on the island of Borneo has sent real-estate developers scrambling for land in the vicinity of the proposed city. And the industry’s representative body says that is already pushing up prices.The Association of Indonesian Real Estate Companies, which has more than 5,000 member companies, wants President Joko Widodo to take steps to rein in those seeking to profit from the soaring demand in East Kalimantan. Chairman Soelaeman… Source link

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Vietnam 

Land market an urgent requirement – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    The land price evaluation issue has witnessed shortcomings. — Photo vneconomy.vn HÀ NỘI — The country was urged to complete the land market to meet requirements and ensure development, experts said. Trần Quốc Toản, former Vice Chairman of the Government Office, said there were many shortcomings relating to the land market. The legal system regarding the local land market has not caught up with reality though it was regularly adjusted and supplemented, causing difficulties for State management on land issues. According to the municipal Department of National Resources and…

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Singapore 

Widow of cabby killed in Ferrari crash loses bid to recoup $280k she paid for ‘land investment’, Singapore News

SINGAPORE – A widow who lost $280,000 after handing the money to an acquaintance to make a Chinese property investment has lost her legal bid to get it back. Madam Lim Choo Eng’s husband died in 2012 when a Ferrari crashed into his taxi and she used some of the money she got after his death to invest in a plot of land in China, giving it to Madam Koh Siew Eng – including a $50,000 deposit within four days of meeting her. When she realised she had been tricked, she…

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Vietnam 

Forest land use still ineffective: officials – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Deputy Prime Minister Vương Đình Huệ speaks at the forum. — Photo baotainguyenmoitruong.vn HÀ NỘI — Officials from the Ministry of Natural Resources and Environment have said land use management among agro-forestry companies is still ineffective. At a forum held by the ministry in Hà Nội yesterday, a report by the General Department of Land Administration said although management over land originating from the agriculture and forestry sector had seen a lot of positive changes, many complex problems remain. In 2014, the Government issued a decree on state-owned agriculture and forest companies to tackle…

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Home 

Higher deposit for land sales will add pressure on small firms, tightening the big developers’ grip on Hong Kong’s land supply

The recent move by Hong Kong’s government to double the deposit for land tender sales, raised to deter defaults, will add to the financing pressure on small developers and put them at a disadvantage when they buy land in the world’s most expensive property market, analysts said.A HK$50 million (US$6.4 million) deposit now applies on all land parcels that are valued at over HK$400 million, while plots assessed at between HK$200 million and less than HK$300 million requires a non-refundable… Source link

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Home 

Far East picks up the smallest land plot at Kai Tak at discount, as public unrest deters developers from long-term investments

Hong Kong’s government sold the smallest land parcel at the former Kai Tak airport at a discount to market expectations, as the city’s 10 consecutive weeks of public unrest deterred developers from committing to long-term investments.The commercial site, located next to the Kai Tak Sports Park built over the former airfield, sold for HK$2.45 billion (US$312 million), 9.4 per cent less than the lower end of the HK$2.7 billion to HK$3.6 billion range that valuers were looking for. Far East… Source link

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Vietnam 

Land issues continue hindering SOEs’ equitisation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Hapro retail store in Quảng Ninh Province. After the firm IPO’s in March 2018, SOEs’ equitisation has lagged behind schedule as issues related to land use right certificates remain the most difficult challenge for both regulators and businesses. — Photo baodauthau.vn HÀ NỘI — Issues related to land use right continue to be obstacles to the State-owned enterprises’ process of evaluating the businesses and share prices and executing their equitisation plans, experts said at a meeting on Thursday. According to the Ministry of Finance, 35 of total 127 State-owned enterprises (SOEs) targeted by Decision…

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