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Malaysia’s southern state of Johor calls for property purchase restrictions by foreigners to be halved to bolster real estate sales

The Johor Real Estate and Housing Developers Association (Rehda) is calling on the government to consider reviewing the current threshold of property acquisition by foreigners.According to Johor Rehda chairman Chong Yoon On, the minimum threshold of 1 million ringgit (US$242,000) per unit imposed in 2014 should be reverted to 500,000 ringgit.The measure was introduced by the previous administration to stabilise domestic prices from excessive speculation to enable local interests to acquire… Source link

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Money 

Congestion or consumption? Beijing ponders trade-off on car purchase incentives to boost Chinese economy

A debate over whether the Chinese government should extend financial incentives for car purchases to increase consumption and economic growth is heating up.It started as sales in the world’s largest automobile market fell for the tenth month in a row in March. This created problems for domestic and foreign carmakers and hindered Beijing’s efforts to create a “powerful home market” that would offset the impact of China’s trade war with the US and slowing demand for Chinese exports.As China’s… Source link

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Vietnam 

Vinamik offers to purchase GTN shares for Mộc Châu Milk – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – Việt Nam Dairy Products Joint Stock Company (Vinamilk) has offered to purchase more than 116 million shares of GTNFoods Joint Stock Company (GTN) as GTN indirectly holds shares in Mộc Châu Milk. According to the document sent to the State Securities Commission on the purchase, Vinamilk has offered to buy a maximum of 46.68 per cent of GTN shares, or 116.71 million shares, with a price of VNĐ13,000 per share. Vinamilk estimates to spend about VNĐ1.5 trillion (US$64.5 million) on the deal.…

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Overseas buyers told they can’t purchase more of hot Chinese stock – and MSCI gives it the boot

The recent blizzard of overseas buying of Chinese stocks has brought about an outcome with Chinese characteristics – one of the hottest stocks hit a limit on foreign ownership and can’t be bought by foreigners for now.Han’s Laser Technology Industry Group is the hot stock suddenly in the spotlight.Last year, index compiler MSCI added it to the basket of Chinese A-shares that are part of its global gauges. But with the sudden surge in demand for A-shares, Hans Laser suddenly hit the 28 per cent… Source link

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Property 

Prices of China’s new homes grow at the weakest pace in eight months as purchase curbs bite hard amid a slowing economy

Prices of China’s new homes grew at the slowest pace in eight months in December, as the government’s curbs on speculation dampened sentiments amid a slowing economy, their impact particularly hard-felt in the country’s smaller cities. The prices of new homes rose by 0.77 per cent last month across 70 cities monitored by the government, according to Bloomberg’s calculation of data released by the National Bureau of Statistics. This was slower than the 0.98-per cent gain in November, and was the slowest clip since April 2018. “The continuous slowdown in…

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CapitaLand leads Singapore REIT consolidation with $4.4 billion purchase from Temasek

Singapore’s CapitaLand is buying the owner of a clutch of real estate investment trusts from state investor Temasek for about US$4.4 billion, a deal the developer said would create the largest diversified property group in Asia. CapitaLand will buy the holding companies of the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate Investment Trust, Ascendas India Trust and Ascendas Hospitality Trust, for cash and stock. The deal marks one of the biggest consolidations in Singapore’s fragmented real estate investment trust sector, in which some segments, like retail, face…

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Vietnam 

Realtors reject foreign purchase claim – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — The HCM City Real Estate Association has rejected media reports that there has been a surge in the purchase of housing in HCM City by foreigners, with most being from mainland China and Hong Kong. Many newspapers had quoted property consultancy CBRE Vietnam as saying 31 per cent of housing actually sold in HCM City was bought by Chinese and 10 per cent by Hong Kong investors. “The figures do not reflect the whole situation of the HCM City real-estate market,”…

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Homebuyers should find out how much the bank will loan before signing a purchase agreement

Purchasing a property to many people is a lifetime investment requiring substantial amount of savings. Most buyers will need to apply for a mortgage loan to finance their purchase. A well-planned budget and obtaining accurate information about a mortgage loan before committing the property purchase are therefore very important steps to take for the prospective purchasers. When a client asks about a mortgage loan, a professional estate agency practitioner should not hastily provide mortgage information to the client, or assure the client that he will be able to obtain the…

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Chinese carmakers’ shares jump as Beijing reportedly mulls cutting purchase tax by half

Chinese carmakers’ shares jumped on Tuesday morning in Hong Kong, after a news report that Beijing may be planning to halve the tax on car purchases. China is considering the move in an effort to boost what is the world’s largest automotive market, according to a report by Bloomberg that cited anonymous sources. The industry has seen its first decline in over two decades as a result of the US-China trade war, which is hitting consumer spending power. China’s once-buoyant auto sales hits a blip, likely to see the first…

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China 

Is it a good time to purchase your first home in Singapore?, Business News

Following measures introduced by the government intended to reign in the housing market, Singapore’s housing prices have declined in recent months. For example, the HDB Resale Price index is 2 points lower than it was a year ago, while the prices private non-landed homes declined for the first time in 2018 in August. These might be encouraging figures for individuals that are excited to soon purchase their first home, but what other factors should these individuals take into account before preparing to buy a home? PRICES HAVE ACTUALLY INCREASED IN CERTAIN NEIGHBORHOODS…

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