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Sun Hung Kai, MTR defer sale of 1,172-flat Cullinan West III project as Hong Kong’s protest rallies take their toll on market mood

Hong Kong’s biggest residential property developer is postponing the sale of its next mega project, in the latest sign that nine weeks of public unrest and almost daily clashes between police with protesters are taking an ever-bigger toll on consumer sentiment.Sun Hung Kai Properties (SHKP) and MTR Corporation would offer the 1,172 flats at the Cullinan West III project atop the Nam Cheong subway station upon their completion, said David Tang, the property director of the project’s joint… Source link

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Chinese developers snap up discounted Kai Tak land as Hong Kong’s mood for property sours amid protest rallies and trade war

Two mainland Chinese developers bought a plot of residential land on the runway of Hong Kong’s former Kai Tak airport, paying a lower-than-expected price for the oceanfront property as the city’s biggest public protests in decades sapped appetite for investments amid a US-China trade war.China Resources Land and Poly Property Group, two real estate units that belong to two of China’s largest state conglomerates, won a tender for the second-biggest parcel of land that is earmarked for building… Source link

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Vanke to sell 251 flats in Tuen Mun on Sunday, defying downbeat mood amid trade war, street protests and rising rates

The Hong Kong unit of China’s most valuable property developer said it is putting 251 flats up for sale this Sunday, in a defiant launch against downbeat sentiments amid a worsening US-China trade war and the city’s biggest street protests in two decades.Vanke Property (Hong Kong) will sell 251 units of its Grand Le Pont apartments in Tuen Mun this Sunday in the latest phase of its launch, with prices in the fourth catalogue starting from HK$4.66 million for a 353-square foot unit to HK$9.3… Source link

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Vietnam 

VN stocks move higher following global good mood – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An investor watches market movements on a computer. Vietnamese shares followed the upbeat trading of global stocks on hopes trade tensions will be dealt with shortly. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares edged higher on Friday morning, following positive developments in global markets. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.38 per cent to close at 951.78 points. The VN-Index fell 0.34 per cent on Thursday. Local stocks were boosted by investor confidence after US stocks moved positive on expectations the US-Mexico trade tensions would be resolved shortly.…

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Global 

G20 overshadowed by gloomy mood as world economy turns to central banks to address red warning signs

Central banks are resuming their first-responder role as the world economy runs into trouble even if they lack the firepower they once had at their disposal.With Australia cutting interest rates on Tuesday for the first time in three years and India likely to follow on Thursday, monetary policymakers are again seeking to shore up weak growth and inflation.US Federal Reserve chairman Jerome Powell signalled an openness to loosening if necessary, and European Central Bank officials are poised on… Source link

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Global 

As US-China trade war tariffs strike, ships at sea are safe but ‘blackmail’ mood sours at Chinese docks

Cargo bound for the United States from China will not attract the higher 25 per cent tariff imposed on Friday by the United States government, provided the importer can prove the goods were purchased before May 10.A directive from US Customs and Border Protection carved out an exclusion to the tariff increase for firms that bought goods before Friday, even if they arrive at American docks or airports after the tariff rise is triggered.“For subject goods entered for consumption or withdrawn from… Source link

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China’s exporters fear heyday is over amid sour mood at Canton Fair as US-China trade war lingers

The optimism expressed by officials from China and the United States suggesting the trade war is almost over has not trickled down to small exporters exhibiting their products at China’s largest export fair, who fear that, with or without a deal, the heyday for Chinese exports is over.Exporters at the Canton Fair in Guangzhou, the country’s biggest export exhibition held in every spring and autumn, remain cautious over the outlook for US-China trade relations and the prospects for selling… Source link

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China 

China’s small businesses forced to cut back on staff just to survive as economic mood sours amid trade war

With the Chinese economy slowing, concern has increased among Chinese policymakers about the outlook for employment, since ensuring a sufficient number of new jobs is seen as a necessary ingredient in maintaining social stability in the country. Employment was the top priority the Politburo set last July when it shifted its economic policy focus to stabilising growth, leading the government to enact a series of policies to counter rising joblessness. This series will explore the employment challenges faced by different segments of the Chinese economy. The first instalment examines the…

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Singapore 

Valentine’s Day experiences in Singapore 2019: 7 things to get you in the mood for love!, Singapore News

ven if you’re lucky enough to have a special someone in your life, planning a romantic evening on one of the most hyped-up days of the year can be a pain. So if this managed to pop up on your Facebook feed or Google search, we’ve got you, fam. Here are some of the best experiences – from dining to spas, staycations to a drive-in cinema – Singapore has to offer for you to treat your lover to this year: LIVE IN YOUR OWN BUBBLE AT THE SUMMERHOUSE Whisk your…

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