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June Property Market Review

[June - 11 - 2019] Virtual banking is on its way as bank sets plans to apply for the license. Standard Chartered Bank said it intends to apply for virtual bank license in Hong Kong this year

[June - 17 - 2019] New Zealand sets plan to charge tourists with special tax

[June -5- 2019] Keppel Land, the real estate arm of conglomerate Keppel Corp, has set a target to reduce carbon emission intensity to 40% below 2010 level by 2030. This translates to a cumulative reduction of almost 140,000 tonnes of carbon emissions, which will yield potential savings of more than SGD75 million from 2010 to 2030, the company said

[June -5- 2019] Link Reit will buy up to 80 million units from the market, according to a filing to the Hong Kong stock exchange. Based on Wednesday’s closing price of HKD72.40 per share, the buy-back will cost HKD5.79 billion, it is a

residential block in Redfern with a site area of about 1,365 sq m.

[ June -5- 2019] Wee Hur Holdings revealed on Monday evening that Wee Hur PBSA Master Trust, through its wholly owned sub-trust WH Gibbons Trust, has signed a put and call agreement on the proposed acquisition of a property in Sydney for AUD52 million (S$53.13 million). The property developer owns a 69% stake in Wee Hur PBSA Master Trust. The property - 13-23 Gibbons Street - is a 32-unit freehold.

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