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MTR draws 11 bids for the priciest land plot in Lohas Park as the return of Hong Kong’s property market bull run lifts confidence

Lohas Park has drawn 11 bids for the latest phase of its residential development in the New Territories, as developers vie for the land parcel near the sole shopping centre in Hong Kong’s largest residential community.Eleven bids were submitted for the plot, which can accommodate up to 1,850 homes on 950,000 square feet (88,200 square metres) of gross floor area. That translates into more than one fifth of the 8,800 private flats expected to be built on the 15 private residential sites to be… Source link

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Singapore 

Return to Japan: 5 places to relive your favourite foodie destination, Singapore News

Slurping down fresh oysters in the market, queuing for okonomiyaki in the middle of winter and loading up on custard puddings at the local convenience store – it’s no secret that the land of the rising sun is also the destination to be for hungry bellies. We’ve put together five places that serve up tasty Japanese fare to help you relive those delicious food memories all over again, right here in Singapore. Got a Citi card? Dine at these restaurants and receive a $5 return voucher for your next visit.…

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China’s smaller cities regain their mojo in March, as homebuyers return in droves, snapping a four-month deceleration in prices

The prices of China’s new homes snapped their four-month consecutive deceleration in March, recording a modest rebound last month as the easing of price-control regulations among the country’s far-flung smaller cities fuelled demand and prices.Prices advanced by 0.61 per cent in March, from February, at a faster monthly pace than the 0.53 per cent gain a month earlier, according to a Bloomberg calculation using National Bureau of Statistics data. New abodes cost more in March in 65 cities out… Source link

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World’s largest money market fund posts 80 times average return, powered by technology and big data analysis

Ant Financial Services Group, which operates online payments for the world’s largest e-commerce platform, has reported an average growth rate of 80 times for the 13 money market funds on its Yu’e Bao online cash management platform.That has boosted assets for the distribution platform which was originally known for the Yu’e Bao money market fund operated by Tianhong Asset Management. The fund had 1.13 trillion yuan (US$168 billion) in net assets at the end of 2018, making it the world’s largest… Source link

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Property 

Hong Kong’s home buyers return in droves as banks kept mortgage rates unchanged amid a dovish monetary policy

Hong Kong’s property buyers are back in droves, as commercial banks kept the city’s mortgage rates unchanged amid a dovish policy stance by the local monetary authority.Across the city, four property projects with 891 flats in total were offered for sale in Lohas Park, To Kwa Wan, Yau Tong and West Kowloon in the biggest weekend launch in a year. As of 4:30pm, 447 of the total offering, or just over 50 per cent, had been sold, according to sales agents.“The purchasing power accumulated from… Source link

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Singapore 

British couple in Singapore looking to crowdfund S$250,000 to return home with premature baby, Singapore News

SINGAPORE – A British couple are looking to raise more than £140,000 (S$250,000) to take their baby, who was born prematurely in Singapore, home to the UK. Ms Chloe Wilkinson and her partner, Mr Patraic Walsh-Kavanagh, had been in Singapore for a two-day layover on their way home from Australia when she went into labour on Feb 19, BBC reported. The 30-year-old was 24 weeks pregnant when she was rushed to the hospital. Their baby Lorcan was born on Feb 26, weighing just 0.86kg. According to the BBC, the couple…

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Hong Kong stock grabs big dollars (and invites big questions) with its 8,500 per cent return

Perched below the Ritz-Carlton in Hong Kong, inside the city’s tallest skyscraper, is one of the biggest mysteries of the investing world.There, on the 66th floor of the International Commerce Centre, lies the headquarters of an obscure company that, at first glance, looks like a wild success. Its stock has bested everything in its class with a staggering five-year run: 8,563 per cent.But ask local market veterans about China Ding Yi Feng Holdings, and they’ll tell you the rally makes little… Source link

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Hong Kong’s compulsory provident scheme makes positive start to year with 3.95 per cent return in January

Hong Kong’s compulsory pension scheme turned its best performance in a year on the back of a strong stock market rally in the US and Hong Kong, generating an average return of 3.95 per cent in January, according to data from Lipper Refinitiv. The Mandatory Provident Fund lost 8.21 per cent in 2018 – its worst year since 2011 after starting the previous January with gains of 4.4 per cent. The MPF, which covers 2.8 million people in Hong Kong, had its best year in 2017 with gains of 20.9…

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Singapore 

Unclaimed bag forces Scoot flight for Singapore to return to Bangkok, Singapore News

SINGAPORE – A Scoot flight from Bangkok to Singapore was forced to return to the Thai capital on Wednesday (Jan 30), due to an unattended and unclaimed cabin bag. In a statement, the budget airline said that Flight TR607, which took off at 11.55am, returned to Bangkok’s Suvarnabhumi Airport an hour after departure in the interests of safety. The plane with 131 passengers on board landed at Suvarnabhumi Airport around 2.10pm Bangkok time (3.10pm Singapore time). Scoot’s preliminary investigations found that the airline’s ground handling agent had seen an unattended…

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Trade war or not, China’s pivot to the private sector and return to infrastructure spending are worth watching

While the US-China trade war has yet to be resolved, Beijing is pumping iron to make sure the domestic economy can achieve gross domestic product growth of around 6.5 per cent this year. Keep your eyes on the private sector and infrastructure investments. China’s private sector is being given a long-awaited shot in the arm. The authorities have asked banks to allocate half of their new loans to private businesses by 2021. This addresses Chinese businesspeople’s long-standing gripe that they are unable to get financing from mainstream banks, as state-controlled commercial…

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