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Hong Kong developers hope to put recent setbacks behind them as they launch projects at discounts of up to 20 per cent

Hong Kong developers, taking advantage of the calm that has returned to the city, on Thursday launched projects at prices that undercut rivals by up to 20 per cent, hoping to attract buyers who have adopted a cautious approach.Wing Tai Properties said it would sell flats at OMA OMA in Tuen Mun at an average price of HK$12,463 per square foot, some 20 per cent lower than Sun Hung Kai Properties’ Mount Regency phase two, which is also in the same area. The city’s largest developer is putting 130… Source…

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Huawei scraps first product launch as US trade ban bites

In this May 26, 2016, photo, a man walks past a Huawei logo during a launch event for the Huawei Matebook in Beijing. As trade disputes simmer, Chinese telecommunications giant Huawei, the No. 3 smartphone brand, is shifting its growth efforts toward Europe and Asia in the face of mounting obstacles in the US market. (AP Photo/Mark Schiefelbein) Source link

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China 

Did Japan and India just launch a counter to China’s Belt and Road?

It is hard to overstate the significance of the recent agreement between India and Japan to help Sri Lanka develop its Colombo Port.Under the deal to develop the East Container Terminal, the Sri Lanka Ports Authority will retain 100 per cent ownership of the terminal, while Sri Lanka will hold a 51 per cent stake in the Terminal Operations Company with the India-Japan joint venture retaining the remaining 49 per cent.Both the timing of the deal and its terms are conspicuous. After all, Sri… Source link

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Singapore 

6 things you need to know about the May 2019 BTO sales launch, Singapore News

The Housing & Development Board’s latest offering of 3,485 Build-To-Order (BTO) units gives Singaporeans the chance to purchase brand new homes in Tengah, Woodlands ands Kallang/Whampoa. In this article, we outline the range of available homes and dig into the numbers to find prospective home buyers the most value for their money. VARIOUS FLAT SIZES & LEASE LENGTHS AVAILABLE Photo: ValueChampion The May 2019 BTO Sales Launch offers flats ranging from 2-room flexi flats (38 – 48 sqm) to 5-room flats (113 – 117 sqm). In particular, there are more…

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Time is ripe for Huawei to launch an IPO, to address political and security concerns once and for all

Huawei, China’s leading telecoms and consumer electronics company, has dominated headlines in the past year. The company is at the centre of the economic conflict between the United States and China, and targeted by US policymakers for its alleged links to the Communist Party of China. The Commerce Department recently took the dramatic step of placing Huawei on its “entity list,” limiting its ability to buy critical US components.We are in no position to judge the veracity of the allegations… Source link

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Singapore 

HDB BTO launch May 2019: Kallang/Whampoa, Woodlands & Tengah BTO review, Singapore News

What with all the Avengers: Endgame and Game of Thrones memes floating around, you might have missed the update that HDB is about to launch 3 new BTOs in May 2019. The two big ones are the Kallang/Whampoa BTO – a straight-up sequel to the box office smash that was HDB’s Feb 2019 BTO launch – and the Tengah BTO – also an anticipated follow-up to the oversubscribed first Tengah release in Nov 2018. Apart from these two giants, there’s also an under-the-radar Woodlands BTO which might be more a feasible and economical option. Read on for our review of each project, which includes…

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Biotech start-up backed by Li Ka-shing and Bill Gates to launch its immunity-boosting gut bacteria in Hong Kong, Singapore

A Californian probiotics developer backed by tycoons Li Ka-shing and Bill Gates will launch a dietary product it claims can strengthen infants’ immune system in Hong Kong and Singapore on Tuesday.Evolve BioSystems said the product works by reintroducing a beneficial gut bacteria that is missing in today’s babies.Evivo, an activated form of the intestinal bacteria Bifidobacterium infantis, has been mixed with breast milk and fed to “tens of thousands” of babies in the United States since it was… Source link

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Amazon’s cloud business to launch in Hong Kong as competition with Chinese rivals heats up

Amazon Web Services (AWS), the world’s largest cloud services provider, has launched data centres and cloud infrastructure in Hong Kong as it looks to ramp up the services it provides to users in the Asia-Pacific.The expansion allows AWS’ customers in the city to access data stored in the cloud with lower latency, meaning companies can more efficiently run applications critical to their business thanks to a much faster transfer of data following an instruction.Hong Kong, the eighth market in… Source link

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Chinese start-ups join rush to launch IPOs on Shanghai exchange’s new tech board

China’s upcoming Nasdaq-style market has attracted 89 companies seeking to raise funds through an IPO just a month after the Shanghai Stock Exchange began accepting listing documents.These technology firms plan to raise more than 90 billion yuan (US$13.4 billion), exceeding the 87 billion yuan raised by 57 companies on the Shanghai exchange last year.The companies that have applied to raise funds fall into the categories of basic science, biotechnology, robotics, new materials, aerospace and… Source link

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New World Development takes Hong Kong lifestyle to another level, set to launch priciest serviced apartments

New World Development is set to displace Four Seasons Place as the operator of Hong Kong’s most expensive serviced apartments.Agents say NWD plans to offer leases at its K11 Artus serviced apartment development, part of the US$2.6 billion Victoria Dockside project in Tsim Sha Tsui, for a third more than what luxury hotel operator Four Seasons Place Hong Kong charges for its serviced suites in the IFC complex in Central.The Hong Kong builder will offer leases for as much as HK$167 per square… Source link

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