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REGIONAL BLOG
CapitaLand Divests Three Tier 2 Malls to Subsidiary
Saturday, 3 August 2019
CapitaLand sold its stakes in three Tier 2 shopping malls for RMB2.96bn to its subsidiary CapitaLand Retail China Trust (CRCT). The malls sold were: CapitaMall Xuefu (Harbin), CapitaMall Aidemengdu (H... [read more]
China’s May New Home Prices Accelerates, Slightly
Friday, 2 August 2019
China’s new home prices for its 70 major cities rose 0.7% month-on-month in May, up from the 0.6% rise seen in April, and the highest month-on-month rise seen year-to-date; year-on-year prices were up... [read more]
Indonesia Relaxes Luxury Residential Purchase Policies
Thursday, 1 August 2019
20% luxury purchase levy applied to homes worth IDR30bn, was IDR20bn for houses and IDR10bn for condos previously. Income tax on luxury sales for homes worth IDR30bn or more reduced to 1%, was 5% p... [read more]
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