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In Hong Kong, they plan to solve the problem of housing shortages by adding artificial islands, on the territory of which they will build on a large scale. According to Demographia, the property market in Hong Kong over the past 8 years is the least accessible in the world. China Knowledge writes that the head of the Hong Kong government, Carrie Lam, announced its intention to create artificial islands, covering an area of 688 hectares, east of the largest island of Lantau. The planned period of creation of the islands is from 2025 to 2032. From 260 thousand to 400 thousand houses are planned to be built on their territory, which will provide housing for 15% of Hong Kong’s population. This is approximately 1 million 100 thousand people. It is expected to give 70% of new homes for the purposes of social housing.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Monday, United Airlines (UAL.O) announced that it would continue adding more flights for international routes in September. The airline company plans to reintroduce flights that were canceled due to coronavirus pandemic. United Airlines ...
The outlook for major global housing markets was monitored at a weak level. This could be attributed to pressing factors including unemployment surge, lockdown restrictions, and low immigration over the coming year, a Reuters survey showed. Fears ...
Gold prices rose earlier on Monday in Asia, reaching its highest since May as fears of a second wave of COVID-19 cases continued to dampen hopes of a quick economic recovery. The World Health Organization on Sunday reported a record 180,020 ...
Backed by record-low mortgage rates and limited supply, US home prices are set to overcome the economic drag brought by the novel coronavirus pandemic, according to a Reuters poll that foresees home prices beating consumer prices this year ...
KYC Policy