Vietnam 

VN to boost professional real estate brokers – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    In the last three years, the growth of real estate brokerage in the market has averaged about 15 per cent per year. Photo baodauthau.vn   HÀ NỘI Real estate brokerage plays an important role in the circulation of real estate products. The sustainable development of the property market depends on a variety of factors such as legal policy, management of authorities, operations of the businesses, as well as professionalism of brokerage teams. Therefore, real estate brokers need to have enough knowledge and skills to synthesise information about real estate…

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Vietnam 

EVFTA gives Việt Nam’s industrial real estate market a lift – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The industrial real estate sector could benefit from the shifting of factories from other countries to Việt Nam. — Photo baodauthau.vn HÀ NỘI — The EU-Việt Nam Free Trade Agreement (EVFTA) will have a positive impact on Việt Nam’s real estate market, especially the industrial real estate, experts said. EVFTA is a landmark deal that promotes the industrial and export sectors in Việt Nam by removing 99 per cent of tariffs on goods from both sides. Việt Nam’s industrial zones have been attracting attention from investors, especially those from Europe.…

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Home 

UBS wealth management unit thinks mainland equities could perform well in second half, beating out gold and real estate

Trade talks between Beijing and Washington have entered a new normal, characterised by a drawn out cycle of progress followed by renewed tensions, a relationship based on repetitive conflict that adds up to higher volatility for China and Hong Kong equities, according to UBS.But supportive policies from Beijing means there could be 10 per cent upside in Chinese equities, while Hong Kong’s market, which has no immediate stimulus, is likely to underperform, said Eva Lee, head of Hong Kong… Source link

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Property 

Australian incubator RealTechX makes a big push to scale up real estate technologies in Asia-Pacific

A A$23 million (US$16 million) incubator programme for property start-ups, backed by the Australian government, is seeking to bring technology-led innovation and solutions to markets in Asia-Pacific, including Hong Kong. RealTechX is an incubator programme that aims to bring together 10 start-ups with market-ready products or services. Launched by real estate innovation and venture capital firm Taronga Ventures, a part of Sydney-based investment house Taronga Group, the fund is accepting… Source link

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Buyer walks away from US$32 million Hong Kong luxury home, as trade war and protests sap appetite for real estate investment

A Hong Kong customer has backed out of buying a HK$251.23 million (US$32.11 million) luxury home in the Deep Water Bay neighbourhood, marking the second property default in nine days.The buyer, who is unidentified, failed to conclude the sales contract for the 3,641-square foot (338 square metres) apartment on the ninth floor of Tower One at 8 Deep Water Bay Drive, forfeiting HK$12.56 million of initial payment made to the developer Nan Fung Development.Deep Water Bay, located on the southern… Source link

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Navigating the evolving risks in the real estate and hospitality industries

Recent events in Hong Kong have highlighted risks arising from social unrest. Property owners in affected areas are undoubtedly reviewing their insurance coverage, particularly “SRCC” clauses, relating to strikes, riots and civil commotion. This will generally cover property damage and public liability under these situations.However, insured parties can also be affected by what happens in their immediate surroundings, as businesses around Admiralty can testify. Even with minor damage or a… Source link

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Goldman to merge four units to create a larger entity to invest in private companies, real estates and other deals

Goldman Sachs is finally embracing its status as a private equity giant.The firm’s top executives in recent months have laid out plans to raise more client funds for private investing and rely less on its own balance sheet. As part of that effort, the bank is looking to consolidate the investing activities of multiple units across the firm to add more heft to its merchant banking division, according to people briefed on the matter. A related announcement was set for as soon as Monday.The Wall… Source link

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Singapore 

Young man wearing fake Rolex allegedly steals two real Rolexes from store in Far East Plaza, Singapore News

SINGAPORE – He walked into a second-hand watch shop wearing a fake Rolex watch, but allegedly robbed the shop of two real diamond-encrusted Rolex watches worth about $150,000 instead. The man was supposed to be HJ Luxury’s first customer of the day when he walked into the shop around noon on Wednesday (June 12), said shopkeepers from the watch store in Far East Plaza. He asked to view a range of Rolex watches. However, after the shopkeeper, who wanted to be known only as Ms Liew, presented some watches to…

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Family office of ‘shop king’ Tang Shing-bor wants to use blockchain to ‘tokenise’ real estate holdings

The Stan Group, the family-owned office that represents the assets of “shop king” Tang Shing-bor, will meet with Hong Kong’s securities watchdog early next year to seek approval to sell tokenised real estate using blockchain technology.If approved, the application would reflect the first time the Securities and Futures Commission (SFC) has permitted the use of tokens to legally trade in Hong Kong with real estate as the underlying asset.The proposed token scheme comes as a chill has descended… Source link

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Donald Trump’s tariffs are big, fat American snake oil meant to win re-election, not solve real problems

It has become clear that tariffs are the “snake oil” of salesman Donald Trump and his US administration. I am reminded of the endearingly eccentric father-in-law in the 2012 film My Big Fat Greek Wedding, who spent much of his time dispensing a spray of glass cleaner as a cure-all for every minor medical complaint. Except that the US president’s obsession with tariff snake oil is anything but endearing. Trump is now unsatisfied with a big, fat ugly trade war with China that looks set to… Source link

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