Property 

Protest against controversial extradition bill casts shadow on Hong Kong’s largest property sales since early May

Property sales were disappointing on Sunday in Hong Kong’s biggest offering since early May, as buyers stayed away amid huge protests in the city against a proposed extradition bill, and ongoing concerns over the US-China trade war.Not only is Hong Kong sitting in the middle of a worsening US-China trade war, but also its own political turmoil as protesters took to the streets on Sunday for a third time in a week against a proposed extradition law that would allow suspects to be sent to… Source link

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Home 

Lacklustre Hong Kong new home sales could be boosted by US Federal Reserve interest rate cut

A potential cut in interest rates by the US Federal Reserve in the second half of 2019 will boost sales of new homes in Hong Kong, which have suffered amid an escalating trade war between the United States and China, according to industry observers.Sales of new homes could rise by about 4 per cent to 2,500 in June, said Sammy Po, chief executive of the residential division at Hong Kong brokerage Midland Realty.“A rate cut is positive in light of the recent downbeat sentiment. There will be… Source link

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China 

Guangdong’s move to ease limits, boost China’s car sales met with scepticism by analysts and residents

Plans by China’s most prosperous province of Guangdong to ease restrictions on car sales in a bid to boost domestic consumption have been met with scepticism by analysts and residents due to a perceived reluctance by consumers to spend due to uncertainties over the economic outlook.The southern province that is home to much of China’s export and hi-tech manufacturing will increase the annual car sales quota by 100,000 in the provincial capital of Guangzhou and by 80,000 in the southern… Source link

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Hangzhou raises US$16.4 billion from land sales in just five months, amid construction binge for 2022 Asian Games

Hangzhou, the provincial capital of the third most indebted Chinese region, raised more funds through land sales than any other Chinese city in the first five months of this year, as the local authority grapples with how to pay for a massive infrastructure and construction binge ahead of the 2020 Asian Games.The city renowned for its picturesque West Lake raised 113.5 billion yuan by selling 295 land parcels in the five months through May, according to calculations by the South China Morning… Source link

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More Chinese cities set to join Guangzhou and Shenzhen in increasing car ownership quotas to lift declining sales

China’s local governments are taking steps to boost car sales that have fallen for 10 consecutive months through April by increasing the annual quota of new licence plates in some of the mainland’s biggest cities that are plagued by traffic congestion.Guangzhou and Shenzhen in the southern Guangdong province announced last week that they will increase the supply of licence plates in the two cities by at least 42 per cent through 2020, a move Jefferies Financial Group said was unexpected because… Source link

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Vietnam 

Total retail sales hit $85 billion in five months – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Shoppers buy fruit at a Co.op mart Supermarket in HCM City. The nation’s total retail sale of goods saw a year-on-year increase of 12.7 per cent in the first five months of this year. — VNA/VNS Photo Thanh Vũ HÀ NỘI — Total retail sales of goods and services in the first five months increased 11.6 per cent year-on-year to VNĐ19.8 quadrillion (US$85 billion), according to the General Statistics Office (GSO). Excluding inflation, the growth was 8.6 per cent in January-May, 0.1 per cent higher than the same period last year. During the first…

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Kweichow Moutai investors flock to distiller’s biggest ever shareholder meeting after outcry over sales unit plan

Kweichow Moutai, the world’s most valuable liquor distiller, is holding its biggest ever annual shareholders’ meeting on Wednesday, with more than 2,000 investors flocking to a small town in China’s southwestern Guizhou province.Attendees are likely to be keen to quiz chairman Li Baofang and fellow executives on issues including the sustainability of the baijiu maker’s stratospheric stock market performance and its controversial new plan to set up a a wholly-owned sales subsidiary.With four… Source link

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Government, developers in Suzhou, ‘Venice of China’, agree to limit property price rises at 5 per cent after uptick in sales, sentiment

Suzhou, a manufacturing hub near Shanghai dubbed the “Venice of China”, is considering new property restrictions to cool runaway home prices. A second-tier city with a population of 10.7 million, its property market has reported an uptick in property sales and sentiment since February.According to a report in the Paper, a publication of the Shanghai government-owned United Media Group, on Monday, the Suzhou government and developers decided to restrict increases in annual new home prices to… Source link

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China 

China’s electric vehicles sales may increase 27 per cent this year to a record, as their popularity offset slumping demand for cars

Electric vehicles (EVs) are projected to gain popularity with Chinese car owners this year, as new designs with improved performance offset a government cut in price subsidies in the world’s largest vehicle market.Sales of battery-powered and plug-ins that run on hybrid gasoline-electric engines are likely to grow by 27 per cent to a record 1.6 million units in 2019, from last year’s sales of 1.26 EVs, Xinhua News Agency said, citing data by the China Association of Automobile Manufacturers … Source link

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Singapore 

6 things you need to know about the May 2019 BTO sales launch, Singapore News

The Housing & Development Board’s latest offering of 3,485 Build-To-Order (BTO) units gives Singaporeans the chance to purchase brand new homes in Tengah, Woodlands ands Kallang/Whampoa. In this article, we outline the range of available homes and dig into the numbers to find prospective home buyers the most value for their money. VARIOUS FLAT SIZES & LEASE LENGTHS AVAILABLE Photo: ValueChampion The May 2019 BTO Sales Launch offers flats ranging from 2-room flexi flats (38 – 48 sqm) to 5-room flats (113 – 117 sqm). In particular, there are more…

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