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Hong Kong protests spook owners of co-working space operator The Executive Centre, who drop planned US$750 million sale

The boss of shared office-space operator The Executive Centre (TEC) said the decision to place on hold a planned sale of its shares for US$750-million was “sensible” given the uncertainty gripping Hong Kong amid unprecedented social unrest.“Placing a pause on the shareholder sales process is a sensible reaction to the unknown unknowns of the current political and social issues being played out in Hong Kong,” said Paul Salnikow, chairman and chief executive of the Hong Kong-based company.The… Source link

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Hong Kong’s owners raise home prices, hot on the heels of Carrie Lam withdrawing city’s controversial extradition bill

Some property owners have leapt for the exit as soon as Hong Kong’s chief executive offered her first olive branch to defuse the worst political crisis in the city’s history, raising their asking prices in the process.Six listings for residential property increased their asking prices by between HK$100,000 and HK$300,000, or between 1.2 per cent and 3.4 per cent, according to figures from Hong Kong Property (Services) and Midland Realty. A car parking space at the Le Prestige apartments in… Source link

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Owners in Yuen Long and North Point begin to sell properties at a loss to escape the worsening social turmoil

Property owners in Yuen Long and North Point, two battlefield districts that have seen the most violent clashes in Hong Kong’s 10-week old protest rallies, are selling their flats at losses as they bail out of the market amid the worsening civic unrest.Prices may dip 3 per cent at housing estates across Hong Kong in August, agents said. They added sellers in Yuen Long in the New Territories have reduced prices by about 10 per cent, while homeowners in North Point to the east of Hong Kong Island… Source link

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Shopping mall owners take a drubbing in the stock market as Hong Kong protests damage confidence in retail sector

Shopping mall owners have become victims of the mass rallies in Hong Kong, with their share prices taking a battering as investors lose faith in the city’s retail market.Among 18 major listed developers and commercial landlords, Swire Properties and Wharf Reic’s share prices have declined the most since the huge rally on June 9 that kickstarted what has now been weeks of demonstrations punctuated by violent clashes with police.Swire dropped 8.1 per cent to close at HK$30.75 on Wednesday, while… Source link

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Singapore 

Driver, 18, arrested after taking car without owner’s consent and overturning it at Jurong West, Singapore News

An 18-year-old man was arrested after the car he was driving turned turtle in front of Jurong Point on Tuesday morning (June 25). The police told Stomp that the man was arrested for taking the vehicle without the owner’s consent. Stomp understands that it belongs to someone the man knows. Stomp contributors Naz and Anonymous alerted Stomp to the incident and shared photos of the overturned car. In response to a Stomp query, the police said they were alerted to the accident along Jurong West Central 3 towards Jurong West…

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French builder Eiffage in talks to buy Toulouse-Blagnac airport, creating a bookend for Chinese owner’s tumultuous investment

Eiffage SA, the third-largest civil engineering builder in France and a contractor in the Channel Tunnel, said it has started exclusive talks to buy 49.99 per cent of the Toulouse-Blagnac airport, taking the stake off the hands of its Chinese owner after a tumultuous attempt to privatise the country’s fifth-largest airfield.The stake was put up for sale by Casil Europe, a unit of China Airport Synergy Investment Limited (Casil), which is in turn a venture between Shandong Hi-Speed Group and… Source link

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Singapore 

Owners of dog that died at pet boarding firm not aware tourists were hired to care for animals, Singapore News

SINGAPORE – The owners of the Maltese that died while under the care of a dog boarding and daycare company said they were not aware tourists had been recruited as volunteers to take care of the animals. The married couple, who wanted to be known only as Mr Raymond, 31, and Ms Jenny, 29, said they were disappointed with the way Board N’ Play had responded, following the death of Garfield, their one-year-old Maltese, on April 17. “We didn’t get any official apology or explanation from Ms Loy about the…

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Beijing’s P2P owners and senior executives hit with travel ban as China cracks down on online lending

Owners and senior executives of peer-to-peer lending platforms in the Chaoyang district of Beijing appear to have been asked not to leave China’s capital city pending an investigation into their business practices, according to the district’s Internet Finance Association.The notice, published on the association’s official social media account on Thursday, requires “senior managers” and controllers of peer-to-peer (P2P) platforms registered in Chaoyang district not to leave Beijing without… Source link

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Singapore 

COE renewal after 10 years – Car owners, should you even bother?, Singapore News

Singapore is probably the only country in the world where cars are so expensive that owning a Toyota Altis can be considered a luxury. If that wasn’t bad enough, your car will be de-registered after 10 years unless you pay for COE renewal. Even cats and dogs live longer than cars in Singapore! But, there’s no use complaining. This is the law in Singapore and there’s no loophole to get around it. So what are your options once your car has been around for 10 years? Here are 3 things…

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Singapore 

HDB rejects owner’s appeal to keep unusual koi fish tank outside Tampines flat, Singapore News

SINGAPORE – A Housing Board flat owner who had converted the doorstep of his property into a fish tank for his koi carp has failed in his appeal to keep the unusual structure. The Tampines Street 41 resident installed glass panels to the walls around the four steps leading to his ground floor flat to house around a dozen pet fish, but was not aware that he needed permission to make the alteration. He declined to be named when approached by The Straits Times previously. The Housing and Development Board…

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