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Singapore Tops HK as Residence for Mobile Rich in Asia
Almost a third of the millionaires in Asia who live, work or spend more than half their time outside their countries of origin prefer Singapore, while 24 percent pick Hong Kong, the second most popular in the region, RBC and The Economist Intelligence Unit said in a joint research report yesterday.
For mobile millionaires who moved to Singapore, 89 percent ranked quality of life as important and 83 percent cited the country’ s political stability as important, the survey showed. Infrastructure and educational opportunity were also given as reasons to live there.
http:// www. bloomberg. com / news / 2012-12-10 / singapore-tops-hong-kong-as-residence-formillionaires-in-asia. html
Britain could lose 203 million pounds
The British government could lose 203 million pounds( US $ 325 million) in revenue from home sales as a plan to raise 150 million in taxes from wealthy house buyers backfires, data shows.
Data from the Land Registry showed that UK property sales between 2-5 million pounds fell 30 percent over.
The Telegraph
Doha Talks end with compensation Deal
Britain faces paying billions of pounds in compensation to less developed countries as part of an international climate change deal.( The Telegraph). In the latest survey done by the Commonwealth Bank- Mortgage and Finance Association of Australia( MFAA), a majority or about 77.9 % of the 1,423 respondents have shown more confidence in acquiring a new home believing that prices have stabilized until year-end.( Global Property Guide).
http:// www. ameinfo. com / qatar-spend-140bninfrastructure-five-318850
Hong Kong ' s additional property stamp duties take effect
Additional stamp duties worth a total of 30 % had recently been imposed by Hong Kong to further thresh out speculative buyers in the market.
Hong Kong authorities are slapping a 15 % special stamp duty on properties to be sold for shorter periods of no less than four years. An extra 15 % transaction cost will be imposed on local and foreign companies and non-local buyers.
Hong Kong’ s Financial Secretary John Tsang said in a press conference that the measures target“ speculative activities, and for most genuine homebuyers it would not affect them because they won ' t be reselling in a short period of time."
Global property guide
Australia property sector now a buyers’ market
Australian consumers have now taken a special liking on property believing property prices and skidding interest rates are quite good indicators to buy a new home.
In the latest survey done by the Commonwealth Bank-Mortgage and Finance Association of Australia( MFAA), a majority or about 77.9 % of the 1,423 respondents have shown more confidence in acquiring a new home believing that prices have stabilized until year-end.
http:// www. bloomberg. com / news / 2012-12-11 / hawaii-real-estate-paradise-returns-with-goldman-loanmortgages. html
Canada: Why the Nexen-CNOOC Deal Will Spur More Energy Deals
Canada insists that it will allow no further deals by Chinese state-owned enterprises after approving a $ 15.1 billion acquisition of Canadian energy firm Nexen by China ' s CNOOC. Experts say watch this space.
China ' s biggest ever foreign takeover finally got the go-ahead from Canada, but the country ' s Prime Minister Stephen Harper said Canada will in future restrict state-owned enterprises to minority stakes in Canadian enterprises except in " exceptional circumstances "….
CNBC. com
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