Home 

Bears gather as data shows Hong Kong home prices retreat for second week after peak in May

Hong Kong home prices were down for a second consecutive week through Sunday, after hitting a record at the end of May, evidence that may suggest a broader correction is underway, according to experts.The Centa-City Leading Index, a home price gauge compiled by Centaline Property Agency, showed prices for lived-in homes dropped 1.43 per cent to 186.26, for the week ended June 9.“The uptrend of home prices has been hindered,” said Wong Leung-sing, senior associate director of research at… Source link

Read More
Vietnam 

Building material prices on the rise – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Many shop selling building materials such as cement and steel have increased their prices since the beginning of this month. — Photo baoxaydung.vn HÀ NỘI — The cost of building materials has been on the rise due to increasing electricity tariffs at the peak time for construction. Many shops selling materials such as cement and steel have increased their prices since the beginning of this month. The SCG Cement – Building Material Việt Nam Company Ltd announced to its distributors it was raising the cement price by VNĐ29,700 per tonne including…

Read More
Home 

Can the ‘world’s factory’, Dongguan, tame its runaway land prices by changing auction rules?

Authorities in Dongguan, a major manufacturing hub near Shenzhen, have changed the way land auctions are carried out in a bid to cool the sizzling market.It comes after a flurry of aggressive bidding wars involving developers desperate to get a foothold in the Greater Bay Area drove Dongguan’s land prices to unprecedented levels in the first five months of the year.Under the new mechanism, instead of awarding the land to the highest bidder, it will go to the developer whose offer is closest to… Source link

Read More
Money 

Next phase of trade war could hit clothing prices as manufacturers leave China to dodge tariffs, warns owner of Vans, North Face

Consumers could face higher prices for clothing and footwear if manufacturers move out of China to avoid trade war tariffs imposed by the US, the regional director of American apparel company VF Corporation warned.If Washington were to carry out its threat of placing additional duties on a wide range of Chinese-made consumer goods including footwear and apparel, inflation across the industry would be likely as manufacturing costs in the region increased, said Asia-Pacific managing director… Source link

Read More
Singapore 

Movie ticket prices Singapore (2019) – which cinema is the cheapest?, Lifestyle, Singapore News

Despite Netflix’s best efforts, cinemas here are still doing brisk business, with new theatres popping up seemingly every month and movie ticket prices in Singapore slowly inching upwards. If you like nothing more than to hear the sweet crunch of someone else’s popcorn beneath the soles of your shoes, here’s a cheat sheet to help you determine where the cheapest movie tickets are any time of the week. TL;DR: MOVIE TICKET PRICES IN SINGAPORE 2019 Here’s an overview of ticket prices charged by the 5 cinema chain operators in Singapore,…

Read More
Property 

HSBC sounds alarm over ‘vulnerable’ Canadian housing market as global home prices cool

Home prices, a gauge of an economy’s health, cooled across the globe in the last quarter of 2018, but higher interest rates in Canada have made the country’s housing market more vulnerable than other economies, according to the latest report from HSBC.In the last three months of the year, nominal prices of residential units were up by an average of 4 per cent globally, with real prices down by 2 percentage points.Nominal home prices in Canada rose 2 per cent, while real house prices declined 0… Source link

Read More
Vietnam 

Petrol prices drop in latest review – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A PetroVietnam Oil Corporation gas station. The retail price of bio-fuel E5 RON 92 has been reduced by VNĐ269 per litre to a maximum level of VNĐ20,219 (US$0.87) per litre. — Photo vietnamfinance.vn HÀ NỘI — The retail prices of oil and petrol were adjusted down from 3pm last Saturday following a decision by the ministries of Finance, and Industry and Trade. The two ministries review fuel prices every 15 days to adjust domestic prices in accordance with swings in the global market. Accordingly, the retail price of bio-fuel E5…

Read More
Money 

Tesla announces prices of Made-in-China Model 3. At 328,000 yuan it’s 13 per cent cheaper than US imports

Customers can pre-order the Model 3 car assembled in China after Tesla announced on Friday that it would be priced 13 per cent lower than the US imports, taking the electric carmaker a step closer in tapping the world’s largest EV market.The standard range plus Model 3 car that Tesla plans to assemble at the Gigafactory 3 in Lingang, Shanghai, will be priced at 328,000 yuan (US$47,529), 49,000 yuan cheaper than the same model currently imported from the US.Tesla’s US-built cars are now subject… Source link

Read More
Home 

Hong Kong’s home prices gather speed in April, rise at the fastest pace in more than six years

Hong Kong’s pre-owned home prices rose at the fastest pace in more than six years, but analysts expect the uptrend to taper off as buying interest has been adversely hit by the escalating US-China trade war.The price index of used homes rose 3.2 per cent to 390.5 in April, faster than the 3 per cent growth in March, according to data released by the Rating and Valuation Department on Friday.The growth is the fastest for 75 months since February 2013, when a 3.23 per cent rise was recorded, said… Source…

Read More
Home 

Hong Kong government will keep rolling out measures to tame home prices … even though they don’t work, says JPMorgan

Hong Kong’s government will keep rolling out cooling measures designed to rein in skyrocketing property prices even though they have a very limited effect, according to JPMorgan.The American investment banking giant joined a growing chorus of bullish forecasts, predicting the city’s home prices will go up by another 5 per cent this year.“Hong Kong government has a political responsibility to impose policy measures even if they are relatively ineffective,” said JPMorgan’s property team, led by… Source link

Read More