Outlook clears for Hong Kong property with rate cuts imminent: JPMorgan The worst seems to be over for Hong Kong’s property sector, with more investors likely to snap up distressed assets in the coming months and home sales set to continue improving as the market anticipates faster interest-rate cuts, according to a JPMorgan researcher. The city’s real estate industry had been battered, with several listed property developers seeking to renegotiate the terms of loans, said Karl Chan, head of Hong Kong property research at the US investment bank. However, there was... image
South China Morning Post
Outlook clears for Hong Kong property with rate cuts imminent: JPMorgan
Peak prices could return if the Chinese economy booms and the stock market continues its winning streak, researcher says.
Israel attacks Yemen’s Houthi rebels a day after it targeted Hamas in Qatar Israel struck the Yemeni capital Sanaa on Wednesday, Houthi-run Al Masirah TV said, in an attack that witnesses said targeted the Houthi defence ministry. Israeli media said Israel was carrying out strikes on Yemen but there was no immediate comment from the military. Wednesday’s attack hit a fuel station and a government facility, according to officials in Yemen. Anees al-Asbahi, a spokesman for the Houthi-run Health Ministry, and military spokesman Brigadier General Yahya Saree, confirmed... image
South China Morning Post
Israel intercepts missile fired by Houthis after deadly strikes on Yemen
Exchange of fire is the latest between the Middle East foes amid the ongoing war in Gaza.
Hong Kong police foil phone scam, save elderly woman from HK$100,000 loss Hong Kong police have foiled a “guess who I am” phone scam, arresting two mainland Chinese men hired by a fraud syndicate and preventing an elderly woman from losing HK$100,000 (US$12,740). Chief Inspector Ma Suet-yiu of the force’s Western district on Wednesday said the arrests were made after the 78-year-old woman received a phone call from a scammer impersonating her son on Monday. The fraudster claimed he was in police custody for a criminal case and asked for HK$100,000 in bail money. He... image
South China Morning Post
Hong Kong police foil phone scam, save elderly woman from HK$100,000 loss
Two men arrested while allegedly trying to collect ‘bail money’ from 76-year-old woman who had been told her son was in police custody.
Brave migrant workers rescue woman from Singapore sinkhole Migrant workers in Singapore have been praised for their quick action in saving a woman after her car was swallowed by a sinkhole. Social media videos show a 3-metre (10-foot) deep sinkhole suddenly appearing on Saturday evening along Tanjong Katong Road east of the citystate, causing a black Mazda to topple sideways into the hole. Immediately, nearby construction workers can be seen rushing to her rescue. One worker leans into the sinkhole as two more workers approach the edge. As the driver... image
South China Morning Post
Brave migrant workers rescue woman from Singapore sinkhole
The construction workers rushed to the driver’s aid after a three-metre deep sinkhole opened up in eastern Singapore.