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  2. For the second time this year, a unit at City View @ Boon Keng has set a new record price for a resale HDB flat in Singapore. The 1,281 sq ft, five-room unit on the 39th floor changed hands for $1.205 million ($940.7 psf) earlier this month. The transacted unit is at Block 8 Boon Keng Road, one of a trio of 40-storey residential blocks that forms City View @ Boon Keng. The 714-unit development was completed in 2011, and was developed under the Design, Build, and Sell Scheme (DBSS). It has 90 years left to its lease. It is the second time this year a unit at City View @ Boon Keng has broken the resale HDB record (Picture: Samuel Isaac Chua/EdgeProp Singapore) City View @ Boon Keng also made news in January this year when a 1,259 sq ft, five-room unit from the adjacent Block 9 was sold for $1.185 million ($941 psf). At the time, this was the highest transaction for a resale HDB flat. But the record was toppled three months later when a 1,206 sq ft, five-room unit at 9A Tiong Bahru View, Boon Tiong Road, fetched $1.2 million ($995 psf), according to HDB resale data. The family who owned the $1.205 million unit at City View @ Boon Keng were not in a rush to sell their home when the development reached its Minimum Occupancy Period (MOP) in 2016, as they were living comfortably there, says Victor The, associate marketing director at PropNex Realty and the agent who represented the sellers. However, they decided to find a new home close to Anglo-Chinese School (Junior) for the benefit of the children, and settled on another unit along Kampong Java Road, he says. City View @ Boon Keng’s record-breaking transactions are attributed to its city-fringe location, unblocked views of Kallang, spacious layout, and proximity to Bendemeer MRT Station on the Downtown Line and Boon Keng MRT Station on the North-East Line. Based on the $1.185 million deal recorded for the DBSS unit in January, The was “confident” he could close the deal above $1.2 million. Interested buyers knew the attractiveness of the development’s location and the prices they would be expected to pay based on past transactions, he says. According to him, the buyer of the unit was willing to shell out a cash-over-valuation (COV) of $55,000. COV is the cash premium a buyer pays in addition to the official valuation of the flat. HDB had valued the unit at $1.15 million, but the buyer was prepared to pay the eventual sum of $1.205 million for the property. This year, the number of million-dollar resale HDB transactions is expected to exceed the 71 recorded last year, says Christine Sun, head of research and consultancy at OrangeTee & Tie. Close to 30,000 HDB flats are expected to reach their five-year MOP this year, and many are located in well-sought-after locations such as Bukit Merah, Queenstown, and Ang Mo Kio, she adds. https://sg.yahoo.com/finance/news/resale-record-set-dbss-unit-053000714.html
  3. TOKYO/SHANGHAI -- China is racing to keep foreign enterprises in-country, dangling special benefits so that the advantages of staying outweigh the heavy tariffs imposed by the U.S. A year into the trade war with Washington, more than 50 global companies, including Apple and Nintendo, have announced or are considering plans to move production out of China, Nikkei research has found. And not just foreign companies. Chinese manufacturers, as well as those from the U.S., Japan and Taiwan, are part of the drain, including makers of personal computers, smartphones and other electronics. "We need permanent measures to avoid the risk of tariffs and be eligible for U.S. government procurement," said Kiyofumi Kakudo, CEO of PC maker Dynabook. The unit of Sharp is considering a plan to relocate production of its U.S.-bound notebook PCs to a new plant being built in Vietnam. Such PCs account for 10% of the unit's total notebook production. Dynabook makes almost all its notebook PCs in China, mainly at a plant in Hangzhou, 175 km southwest of Shanghai. "Although the fourth round of U.S. tariffs has been temporarily shelved, we cannot tell what will happen nor when," Kakudo said. Apple has called on major suppliers to consider moving 15% to 30% of iPhone production out of the country. The Nikkei Asian Review reported Wednesday that Apple is about to start trial production of its popular AirPods wireless earbuds in Vietnam. Trials such as these are usually precursors to mass production. American PC makers HP and Dell are thinking of moving up to 30% of their notebook production in China to Southeast Asia and elsewhere. Japan's Nintendo will also shift a portion of its Nintendo Switch game system production from China to Vietnam. There is concern that these moves could squeeze Chinese employment and consumption. To minimize the blow, Beijing is rolling out the red carpet for foreign businesses. Tesla is at the forefront of such government efforts. The company is now moving equipment into its new plant on the outskirts of Shanghai, on which it broke ground just half a year ago. It is hiring workers to staff its lines starting as early as next month. The American electric-car maker is believed to have secured the land at a discount from the local government and likely received lending on the cheap as well. China has been gradually opening up to overseas businesses since 2018, when trade tensions with the U.S. deepened. Foreign direct investment into China increased 3.5% on the year to about $70.7 billion for the January-June half, according to its Commerce Ministry. The country announced in late June that it would ease restrictions on foreign investment in seven fields, including oil and gas. It is also working to bring forward plans for opening up the financial sector. Whether these are enough to offset the impact of the trade war is unclear. At UE Furniture's main factory, about 200 km west of Shanghai, employees start to file out of the building around 4:30 p.m. "We no longer work overtime because of the tariffs," one employee said, echoing similar statements by others. The company has decided to set up production facilities in Vietnam to avoid American tariffs. It appears not to have cut staff at home so far, but many employees face shrinking earnings from shorter hours. Concern over the situation is growing among political leaders. China's State Council decided in May to set up a group to lead employment measures and plans to bolster job training programs using surplus funds from state insurance schemes. The trade dispute is beginning to show up in flows of goods and capital. In the first five months of the year, exports from China to the U.S. fell 12% on the year in value terms, while those from India, Vietnam and Taiwan logged double-digit gains. Exports aimed at bypassing U.S. tariffs by disguising the origin of products may also be increasing. Many companies, alarmed by the prospect of a prolonged trade conflict, are hedging their bets. While looking for alternative production sites for U.S.-bound goods, many will keep factories operating in China for the domestic Chinese market. Thus, many manufacturers will be forced to set up dual supply chains: one for China and one for other markets, raising their costs and denting profits. "The possibility of the world market dividing into China and non-China is growing," said Yuji Miura, a senior economist at the Japan Research Institute. "Decoupling" -- that is an unwinding of economic ties between the U.S. and China and a division of the world economy into hostile blocs -- is a real possibility. Other than higher costs, companies will likely face excess capacity in a decoupled world economy. Quanta Computer, a Taiwanese contract manufacturer of PCs, including Apple's MacBook, is set to shift some operations to Taiwan. But negotiations with client companies over the cost of relocation are expected to be difficult. Quanta cannot afford a further decline in its already low profit margins, according to CEO Barry Lam. A Japanese machinery maker has shifted production for the U.S. market to a Southeast Asian country. Because the new location does not have as extensive a supply chain as in China, an executive said: "We need to either transport parts from China or to establish a new procurement network. In either case, costs will rise."' Since last July, the U.S. government has imposed three rounds of new tariffs on Chinese imports, covering 27 trillion yen ($250 billion) worth of goods. Although the fourth round covering virtually all goods shipped from China is on hold, companies need to prepare for the worst. Much of the shift is to Southeast Asia, especially Vietnam, which is becoming home to many manufacturers of electrical and electronic equipment. Among them is South Korea's Samsung Electronics, which makes smartphones in the country. Vietnam also offers logistic advantages because it shares a land border with China. Japan's Kyocera is thinking of transferring printer production to Vietnam. Chinese electronics maker TCL will set up a TV plant in the country. Manufacturers are also moving production back home to take advantage of existing procurement networks for exports aimed at large, developed-country markets. Komatsu has partially shifted output of parts for construction equipment to Japan and the U.S. Companies are also working to raise productivity at their plants by promoting digitization and automation. https://asia.nikkei.com/Economy/Trade-war/China-scrambles-to-stem-manufacturing-exodus-as-50-companies-leave
  4. Both bus driver and passenger no brain.
  5. Today
  6. deep-fried chicken chop looks good but as usual, taking white rice is jin kumgong. kgk xdd is really kgk xdd.
  7. "he told her that he can have up to four wives" No prizes for guessing the race
  8. Held at hotel means got buffet?
  9. Why did the driver even open the door when it hasn't stop
  10. xiang887

    Wew abbymonsta

    Got part2 wor so hiong one. Inside kitchen n living room..
  11. xiang887

    alicia low

    Dig ah dig
  12. i dont even know if the driver want to come to a complete stop
  13. PSP absorbed a few of those party jumping weirdos
  14. jin satki, no look jump bas
  15. https://giant.gfycat.com/HarshThreadbareIndianringneckparakeet.mp4
  16. Todae go nearby slum jiak Jin relaz no stress here coz all r slum kias here Nao waiting to take bas home Kgks cum here b4
  17. theres a difference between intelligent and being practical..
  18. sorry, but for lao tiko me, it is: for my wallet, for myself.
  19. no pity from me since they r kumgong enough to buy it without thinking thoroughly the investment. property investment logic is very simple: everything is abt location and for commercial, add in disposable earnings of targeted catchment area and competition.
  20. mother paid out 8k for 1 moment of stupidity... shld have ask the father to wear condom
  21. if not how to be called buy high sell low
  22. exchange 10 years of his life, for a few hours of fun......siao
  23. see red shirt i think of sdp, which are a disappointment. many intelligent ppl, but thinking still so naive and idealistic...almost impractical
  24. There is payment and instructions from payee. The evidence of initial conversation.
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