Suzhou tightens property curbs for the fourth time in 2019 as overheating home market has defied policies to cool prices

Suzhou, a city near Shanghai of interlocking canals and waterways, has tightened its real estate regulations for the fourth time this year, as the city’s overheating home market defied policies to bring affordability within reach.The local government doubled the tax return period in the city – an eligibility criterion for immigrant buyers of Suzhou’s homes – to two years, and broadened its jurisdiction to the entire city, including the Kunshan and Taicang counties, according to a Wednesday… Source link

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Morgan Stanley says Chinese stocks are showing no signs of overheating that could result in repeat of 2015 sell-off

Chinese stocks’ world-beating rally has still some way to go and a repeat of the 2015 meltdown that wiped out US$5 trillion in market capitalisation is highly unlikely, according to Morgan Stanley research released on Wednesday.Analysts at the US investment bank, led by Laura Wang, based the argument on a newly introduced aggregate gauge of nine metrics for the Chinese market, including trading values, new account openings and the number of stocks hitting daily limits.Measured on a 0-100 scale,… Source link

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Overheating wok leads to fire at Telok Blangah hawker centre, 12 stalls affected, Singapore News

SINGAPORE – A fire broke out at a hawker centre in Telok Blangah on Monday morning (Feb 11). At least 12 stalls were affected after the gas supply was cut as a result, Chinese paper Shin Min Daily News reported. The Singapore Civil Defence Force (SCDF) said that it responded to the fire at 11 Telok Blangah Crescent at 9.08am. The fire involved a wok in a hawker stall, the SCDF said. No injuries were reported. The first firefighter who arrived at the scene observed flames coming from a partially…

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