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Real estate professionals expect home prices, sales and rents will drop in next 12 months due to protests, survey finds

Real estate professionals expect home prices, sales and rents will fall in Hong Kong over the next 12 months as protests continue with no end in sight, accordingly to a newly released survey.That is quite a change from the survey in June, the month peaceful protests kicked off in a colourful stream of umbrellas. Then the real estate professionals said they expected prices, sales and rents would go up.The Confidence Index – by the Royal Institution of Chartered Surveyors (RICS) and local online… Source link

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China 

Robert Lighthizer determined to land ‘real agreement’ with China, US Chamber chief Tom Donohue says

This story is published in a content partnership with POLITICO. It was originally reported by Adam Behsudi on politico.com on September 16, 2019.US Trade Representative Robert Lighthizer told top business executives on Monday that there is still much work to be done to reach a trade deal with China despite the two sides having been close to an agreement earlier this year, said US Chamber of Commerce CEO Tom Donohue.“He laid it out by saying this is an extraordinary challenge, and when it all… Source link

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Shenzhen, a blueprint for Chinese cities, must abandon Hong Kong’s property model, warns China’s ‘godfather of real estate’ Meng Xiaosu

Allan Zeman (second left), chairman of Lan Kwai Fong Group, Witman Hung (second right), principal liaison officer for Hong Kong at the Shenzhen Qianhai Authority and Tony Verb (right), co-founder and partner at GreaterBay Venture & Advisors, take part in a panel discussion titled ‘The competition conundrum’, at the South China Morning Post’s China Conference, on Wednesday. Photo: May Tse Source link

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Hong Kong commercial real estate may get new lease of life amid US-China trade war, protests from education providers

Education providers could drive demand for commercial spaces in Hong Kong, thanks to an uptick in the need for private tuition and interest classes for children in the city.“There is a strong demand from parents looking for boutique education providers, especially for playgroups, early childhood learning centres and various interest classes, as supplementary education for their children,” said Michael Wong, head of sales and leasing at Prime Property Consultants.“Similar to the medical sector,… Source link

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Loosened monetary policy will lead to opportunities in Asia-Pacific real estate

Every year over the past few years, there has been increasing concern that the regional real-estate cycle has become overextended. Yet, pricing has continued to tick higher, not without good reasons though – healthy economic and market fundamentals, positive labour market conditions and cyclically low jobless rates and sturdy employment growth have powered up consumer sentiment and spending. Except for the broader retail sector, occupier demand has continued to strengthen thanks to supportive… Source link

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Singapore 

What’s the real reason a woman forced open MRT platform doors?, Singapore News

Then a screengrab of a Reddit post by someone named “phong” started circulating. It read: “I know this auntie. While everyone here is blasting her, I thought I will provide some context for her actions. “The lady who scurried into the train first? Her younger sister, who is autistic. Who has a history of wandering off and forgetting her way home. “Hopefully you will begin to understand her motivations for trying so hard to board the train after her.” Though it was unverified, many shared the post as fact and…

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Vietnam 

HCM City to combat laundering in real estate – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  According to a report by the HCM City People’s Committee, in August alone, the city has 28,465 newly licensed businesses with a total registered capital of VNĐ456 trillion, of which the number of real estate businesses accounts for 7.3 per cent. — VNA/VNS Photo Danh Lam   HÀ NỘI —  The HCM City Department of Construction (DoC) has asked real estate companies, brokers and trading floors in the city to strengthen preventive measures against money laundering and terrorist financing. The department asked the bodies to strictly follow regulations on…

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China’s hotpot king Zhang Yong shoves aside real estate magnates as Singapore’s richest man as Haidilao’s stock price doubled

Zhang Yong, mainland China’s “hotpot king,” has displaced a couple of property developers as Singapore’s richest man according to Forbes Asia’s latest listing, as a doubling in the stock price of Haidilao International Holdings bolstered his wealth.Zhang, who was on the China rich last year, has since become a naturalised Singaporean citizen. His debut at the top of Singapore’s rich list displaces Philip and Robert Ng, who own property developer Far East Organisation and Hong Kong’s Sino Land,… Source link

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Vietnam 

Banks warned about risks of real estate corporate bonds – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    The State Bank of Việt Nam’s headquarters in Hà Nội. The central bank has instructed local banks to better control risks in corporate bond investment. Photo SBV HÀ NỘI The State Bank of Việt Nam (SBV) has instructed local banks to better control risks in corporate bond investment, especially bonds of real estate firms. According to the SBV, after reviewing the business performance of banks in the first half of this year, it saw the corporate bond investment of some banks facing risks as the ratio of such…

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Deloitte China acquires Hong Kong architecture firm WCWP in nod to expansion in real estate, infrastructure advisory services

Deloitte China has acquired Hong Kong architecture firm WCWP International Limited for an undisclosed amount, in a deal described by an insider as “niche”, but one that points to a future where consultancy firms offer in-house real-estate advisory services as well.The acquisition will significantly enhance Deloitte’s advisory services in real estate, infrastructure and reorganisation, while WCWP will enjoy access to a wider market.“More than ever, our clients are looking for a one-stop shop… Source link

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