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HKTDC International Sourcing Show run with new EXHIBITION+ model draws to a successful close

indie
6 minutes

HONG KONG, Jul 20, 2022 - (ACN Newswire via SEAPRWire.com) - Organised by the Hong Kong Trade Development Council (HKTDC), the International Sourcing Show physical fair, run with the new EXHIBITION+ (EPLUS) model, drew to a successful close on 15 July. Over 20,000 industry buyers attended the physical event and browsed products online. The event facilitated more than 5,000 business meetings, connecting exhibitors with global buyers both online and offline.The International Sourcing Show drew to a successful close on 15 July. A large number of industry players were attracted to join the physical fairs.The physical fairs were held in the form of display showcases, presenting products from seven trade fairs with more than 1,730 exhibitors from 12 countries and regions.The International Sourcing Show ran with the brand-new online exhibition model EXHIBITION+, facilitating more than 5,000 business meetings online and offline, connecting exhibitors with global buyers.The International Sourcing Show attracted more than 1,730 exhibitors from 12 countries and regions, presenting in excess of 83,000 products. The show gathered seven trade fairs under one umbrella, including the HKTDC Hong Ko...

SeaPRwire

Secret listing fever amid US property boom

elean
1 minute

(NYTIMES) - As the frenzied real estate market in the United States approached a fever pitch, Ms Bridget Medina jumped into the fray. In doing so, she had a distinct advantage over other buyers in the market for a family home: a broker was showing her houses that had not been publicly listed. Pocket listings, the practice of brokers selling a home through private networks rather than on the open market, have skyrocketed during the pandemic. One analysis by brokerage Redfin put the increase at 67 per cent, and in some markets, it is estimated that as many as 20 per cent of all listings are now available only to buyers with the connections to hear about them in the first place. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

SeaPRwire

Oil extends losses as Saudi Arabia slashes Asian crude prices

elean
2 minutes

NEW YORK (BLOOMBERG) - Oil extended losses at the open after Saudi Arabia slashed crude prices for Asian buyers by a larger-than-expected margin just days after Opec+ agreed to continue raising production. Futures in New York edged below US$69 a barrel after falling 1 per cent on Friday. The October price for Saudi's flagship crude was cut by US$1.30, more than double the forecast reduction. Traders were surprised by the move, attributing it to factors including arbitrage inflows and competition to retain market share. After rallying in the first half of this year, crude's surge has stalled as the market weighed both bearish and bullish signals. New Covid-19 variants and the readiness of governments to release strategic reserves weighed on investor sentiment, even as a decline in global crude inventories and record-high United States fuel consumption added to optimism. Asian buyers will need to submit their requests for October volumes by Sept 6. Saudi official prices for cargo sales to the US, North-west Europe and the Mediterranean were stable or little changed, pointing to the producer's intent on prioritising oil flows to Asia. Last month, some Asian customers requested less Sa...

SeaPRwire

BTO flat buyers affected by Covid-19 construction delays may be able to cancel booking without penalties

aseanpr
5 minutes

SINGAPORE - Home buyers affected by Build-To-Order (BTO) construction delays may be able to cancel their flat booking without penalties. They can appeal, and the Housing Board will consider each case depending on the individual circumstances. For instance, there could be buyers hoping to cancel their BTO booking to get a resale flat to meet urgent housing needs, the Ministry of National Development (MND) said in various written parliamentary replies on Monday (July 5). "We recognise the challenges faced by flat buyers given the Covid-19 situation and HDB will consider waiving forfeiture based on an assessment of the flat buyers' specific circumstances," said MND. Typically, buyers who cancel their flat booking will have to forfeit either their option fee which ranges from $500 to $2,000, or the 5 per cent of the flat purchase price paid in advance, depending on which stage of the process they are in. In addition, they have to wait out a one-year period before they can apply for another subsidised unit, either BTO or a resale flat with grants. "These measures are in place to ensure that buyers are serious when they buy a flat and do not deprive others with urgent housing needs of th...

SeaPRwire
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Almost $500 million in Enhanced CPF Housing Grants given to 15,600 first-time HDB flat buyers

aseanpr
4 minutes

SINGAPORE - Close to $500 million has been disbursed to about 15,600 first-time flat buyers since the Enhanced CPF Housing Grant (EHG) was launched in September 2019. Another $748 million in Proximity Housing Grants (PHG) has been given to about 40,200 households since August 2015, said the Housing Board in a statement on Sunday (Feb 21). Both figures were accurate as at Dec 31 last year. The EHG, which goes up to $80,000, is available to eligible first-time buyers regardless of whether they buy a new or resale flat, and has no restrictions on the flat type and location. Of the 15,600 households that received EHGs, 7,700 were first-time buyers of new flats who received about $270 million in total. A further 7,900 were first-timer households who bought resale flats, receiving a total of about $226 million in grants. Another 400 households who are buying resale flats and have applied for the EHG will receive it when their resale transactions are completed. The EHG was announced in 2019 by then National Development Minister Lawrence Wong, and replaced the Additional CPF Housing Grant (AHG) and the Special CPF Housing Grant (SHG), which each amounted up to $40,000. Mr Wong said then th...

ACN Newswire
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Autumn Sourcing Week | ONLINE attracts 27,000 buyers

indie
6 minutes

HONG KONG, Dec 1, 2020 - (ACN Newswire) - The HKTDC Autumn Sourcing Week | ONLINE (ASWO) exhibition, organised by the Hong Kong Trade Development Council (HKTDC), drew to a successful close on 27 November. The online exhibition featured more than 2,600 exhibitors and attracted more than 27,000 buyers from 132 countries and regions to participate. In addition to Hong Kong buyers, others came mainly from India, Indonesia, Japan, Korea, Mainland China, Malaysia, Pakistan, the Philippines, Taiwan, the United Arab Emirates and the United States.Benjamin Chau, Deputy Executive Director, HKTDC, said the number of exhibitors and buyers at HKTDC Autumn Sourcing Week | ONLINE (ASWO) doubled and grew more international compared to Summer Sourcing Weeks | Go ONLINE held in July.9,000+ video meetings during ASWO, allowing business partners to continue generating opportunities in the face of the pandemic.Highlights of "Eco Asia Conference", powered by the Environment Bureau of HKSAR, included progress on environmental protection work in the Greater Bay Area and insights into implementation of the United Nations' Sustainable Development Goals.More than 9,000 online business matching meetings conc...