Property 

These co-living concepts can help companies slash short-term staff housing costs by 50 per cent

Financial institutions, consultancy firms, universities and start-ups are looking to co-living as a flexible, short-term accommodation solution that could cut costs by as much as 50 per cent, industry players said.“Approximately 25 companies have shown interest in our co-living solution in the last six months,” said Wang Tse, co-founder of Campfire, which offers 80 rooms in Sham Shui Po. “They are looking for short-term or flexible accommodation for interns and project staff from 18 to 28 years… Source link

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Vacancy tax is a short-term solution to Hong Kong’s long-term housing shortage crisis

The Hong Kong government plans to introduce a vacancy tax on empty new flats to pry open supply bottlenecks by imposing fines on developers for hoarding new homes. Under the proposed legislation, a tax equivalent to twice the estimated annual rental value will be levied on flats that remain unsold after 12 months of receiving an occupation permit. According to the Rating and Valuation Department, the preliminary findings in the Hong Kong Property Review 2019 indicate that the vacancy rate of… Source link

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Can China boost short-term growth while maintaining long-term prospects? Li Keqiang may have the blueprint

Premier Li Keqiang’s government work report, unveiled on the opening day of the National People’s Congress, argued that Beijing would do well to safeguard near-term growth without undermining the long-term sustainability of the economy.The question is: can Beijing achieve this daunting task against a challenging local and global backdrop, and with a smaller policy toolkit to deploy compared with five or 10 years ago?Let’s take a look at what has been proposed for the task. First, the government… Source link

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Vietnam 

Banks raise deposit rates but only short-term – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A member of staff at a bank staff changing numbers showing interest rates. Many commercial bank raised deposit interest rates in recent months. – Photo vietnamfinance.vn Viet Nam News National Citizen Bank, Viet Capital Bank, Bắc Á Bank, VPBank, PVComBank, VietA Bank, Sài Gòn Commercial Bank and Orient Commercial Bank were among those offering 7 per cent interest rate for deposits of six-month term. At VPBank, depositors would be provided rates of up to 7.7 per cent per year for deposits from six to 12 month terms. For…

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China 

China’s central bank keeps short-term borrowing rates steady despite US Fed rise

China’s central bank left its short-term borrowing rates unchanged on Thursday, choosing not to follow its US counterpart, which raised its benchmark rate just hours earlier. The decision follows the The People’s Bank of China’s (PBOC) announcement on Wednesday of a new lending tool, the Targeted Medium-Term Lending Facility, aimed at spurring lending to smaller firms. The PBOC kept the interest rate on seven-day reverse bond repurchase agreements at 2.55 per cent, and kept the 14-day reverse repurchase rate at 2.7 per cent, it said in a statement on Thursday.…

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China 

Is Donald Trump’s short-term game plan enough to spoil China’s long-term economic, geopolitical strategy?

The economic relations between the United States and China are in a state of war on multiple fronts: trade, technology and over the broader economy. Next up could be a fiscal war over monetary policies, as the two powers react to the economic fallout from their conflicts. If so, the size of China’s fiscal purse could give the country an advantage. Economies in Europe and elsewhere that are getting trampled by the battle of the two are in no better position to match China’s ability to use its fiscal policy…

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Vietnam 

Market short-term outlook remains negative – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Việt Nam’s benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.12 per cent to finish last week at 898.19 points, decreasing 1.76 per cent on a weekly basis.— VNA/VNS Photo HÀ NỘI — Banks and petroleum companies helped cushion the market on Friday, but the near-term outlook for the Vietnamese stock market remained pessimistic, according to analysts and securities firms. Việt Nam’s benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.12…

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Property 

Grand Lantau reclamation plan a distraction from the real short-term need for land

Chief Executive Carrie Lam Cheng Yuet-ngor cites uncertainties over the government’s ability to develop farmland or brownfield sites in the New Territories, and therefore says reclamation is needed to boost the land supply for housing. Her “Lantau Tomorrow Vision” however worsens the problem by diverting away necessary resources. If there is a need for reclamation, action should be under way now to fast track sites which can be developed quickly, such as at Nam Tong to the south of Tseung Kwan O, where existing infrastructure can be extended to cater…

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