Wheelock gets second time lucky, finds buyer for house in Asia’s priciest address after offering extra sweeteners

The developers of Mount Nicholson, Asia’s priciest address, have found a new buyer for a 7,978 square feet villa, four months after the previous buyer reneged on a deal.On Monday, Wheelock Properties sold House 16 at the ultra exclusive development on The Peak for HK$720 million (US$91.74 million), or HK$90,248 per square foot. It was also HK$1.88 million, or 0.3 per cent, cheaper than the cancelled sale.Wheelock did not identify the buyer.The new deal allows for the transaction to be completed… Source link

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China’s export base hit by trade war offers sweeteners to lure professional services firms

Authorities in one of China’s main manufacturing and export bases have announced a range of new incentives to attract and retain professional services firms in their latest bid to cushion the impact of a bitter trade war with the US. Under new rules published by the Guangzhou government on Friday, companies that relocate to the city, as well as those that have done so since the start of last year, and that meet certain financial criteria, could be entitled to up to 10 million yuan (US$1.5 million) worth of financial…

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