Benefit News

• Vancouver home prices to fall as much as 20 per cent: bank
  〔Global News〕Canada’s National Bank is predicting home prices in Vancouver will fall as much as 20 per cent in the next year. In a report issued Friday, the financial institution reported Vancouver’s curious housing market will see an “imminent pullback” as the number of home sales continue to fall. .....more Ddetail
• Huge spike in Chinese property investors' interest in the UK post-Brexit
  〔The Telegraph〕Chinese investors are increasingly looking to buy British property, taking advantage of the low sterling after Brexit. Juwai, China’s biggest international property portal, said the number of Chinese buyer inquiries into UK property in the month after Britain voted to leave the European Union was 40pc higher than average. .....more Ddetail
• Reuters: Rich people queued to visit, China anti-corruption push up housing price in Australia.
  [Sina’s finance] Hong Kong time on August 15 morning news, according to Reuters, real estate professionals said, as China continues to intensify anti-corruption efforts, more and more China's wealthy will invest in Australian real estate market. Real estate consultant lawyer said, China customers said they have legitimate source of fund, but the fear of being involved in anti-corruption investigations. China usually investigate cronies of corruption target. .....more Ddetail
• Soared of Australia Consumer Sentiment in August
  [Liberty Times] Australia people worried about the family financial performance in future was weakened, and expected that market economic will gradually improve, lead rebound of Australia Consumer Index in August, increased of 3.8%, a greater increased since 11 months. .....more Ddetail
• Recovery of advanced countries stimulated Singapore second quarter to rise of 0.1%.
  [Nanyang Net] Unexpectedly expanding of Singapore’s economy caused by recovery in advanced countries, together with Singapore government plans to increase labor productivity and introduction of new industries. Singapore Ministry of Trade announced that quarterly growth of 0.1% in gross domestic product (GDP) for second quarter, first quarter growth of 1.8%. This number is opposite poles with government announced in July, estimated to shrink 0.8%, the Bloomberg News survey of 14 economists is estimated to decline 0.3%. .....more Ddetail
• Melbourne- The world's second most real estate value added potential city.
  [Fangtx] According to the latest foreign report noted that Melbourne is a new star in future global real estate market, which also indicates that Melbourne housing price will increase continuously. Report listed 12 cities with most potential of value added real estate market, they believe that these cities will surpass the comprehensive development old city, for example New York and London. These 12 cities have a lot of value added factor that cannot be monetary measured, such as climatic environment, quality of life, government planning, economic base, technology industry, growth potential, etc. Showed that others factors and housing price will be definitely not the main factor when make of purchase decision. These also attractive of domestic and international investors. .....more Ddetail
• Bank Negara Malaysia expected to raise of 25 basis points (bps) Ringgit Malaysia be the best returns Asian currency
  [Sinchew Daily] (Kuala Lumpur 5th) Bank Negara may increase of interest rate at least once time in this year, lead ringgit Malaysia become best returns Asian currency on carry trade. Over the past three months, carry trade return rate for Ringgit against the US dollar reached 2.8%, compare to Philippines Peso of 1.9% and China RMB of 1.8%. Barclays Group and Bank of America Merrill Lynch are predicted Bank Negara will again rising of 25 basis points. After 3 years, Bank Negara first time raised the interest rate to 3.25% in this July, interest rate swap increase of 3.71%. Malaysia is ASEAN’s first country implement of tight monetary policy in year 2014, lead the analysts consecutive 4 months increase year-end target level of Ringgit Malaysia, being the most in ASEAN currency market. .....more Ddetail
• Malaysia Prime Minister: confident to maintain 5% of annual economic growth.
  [Xinhuanet] Malaysia Prime Minister Najib Tun Razak in Kuala Lumpur on the 12th said that government is confident to maintain 5% annual economic growth. 馬來西亞統計局數據顯示，第一季度馬來西亞經濟取得6.2%的高增長。納吉布分析說，主要動力來自于強勁的內需和逐漸加強的對外貿易，其他支撐因素包括高額的外匯儲備、活躍的投資、低失業率及完善的金融體制等。他認為，這也取決于國內政治穩定和投資者對政府政策的信心。 .....more Ddetail
• Other countries economic policy push up Australia housing price
  [epochtimes] According to the Australia real estate observation, reported that quantitative easing house policy is the motivating factor for increased of housing price in developed countries. Conclusion of the recent report of International Monetary Fund showed that the ratio of housing price and income in Australia ranked third in developed countries. When assessment based on historical data, the ratio of housing price and income are ranked fifth. This obviously means that Australia housing has been fully reflected. .....more Ddetail
• Sustained and stable of Malaysia’s consumer confidence
  [Oriental Daily] (Kuala Lumpur 23rd) The latest Nielsen Global Survey of Consumer Confidence Index and Spending Intentions reported that, the Malaysia consumer confidence index in the second quarter of 2014 remain stable, increased 1 to 93 points compare to last quarter (lower than the global average of 97 points). Richard Hall, managing director for Nielsen Malaysia said: “Although there are many thing happened in 2014 first quarter, but felt buoyed up by the stability of consumer confidence index. We expected that Malaysia consumer confidence index will fell lead by the incident of Malaysia Airlines MH370, implementation of GST and credit crunch. I think this is a positive result, showing the public have the ability to facing any problem. .....more Ddetail