ACN Newswire

BNP Morningstar Initiates Coverage of CCMGT (9982.HK) with “BUY” rating

indie
3 minutes

HONG KONG, Oct 20, 2021 - (ACN Newswire via SEAPRWire.com) - BNP Morningstar initiated coverage of Central China Management (9982.HK) with "BUY" rating and set its target price at HKD 3.92 per share for the following reasons:Project management services for the real estate sector have taken off recently in China, driven by rising land costs and increasing competition that sees small and midsize developers seek the services of project managers with established brands to help derive higher returns on their projects. According to the research report, Central China Management Company, as a leading project manager in China with a strong presence in Henan province, is expected to benefit from industry growth of 23% over the next five years.The Bank also expects that as the industry expands, there will be more spin-offs of project management units by smaller national and larger regional real estate developers given the attractive profitability. With the new entrants, the market share of leading companies' such as CCMGT should remain high over the next five years.BNP Morningstar is of the view that CCMGT can be regarded as a more defensive proxy to China's real estate growth given its asset...

ACN Newswire

BNP Morningstar Initiates Coverage of CCMGT (9982.HK) with “BUY” rating

indie
3 minutes

HONG KONG, Oct 20, 2021 - (ACN Newswire via SEAPRWire.com) - BNP Morningstar initiated coverage of Central China Management (9982.HK) with "BUY" rating and set its target price at HKD 3.92 per share for the following reasons:Project management services for the real estate sector have taken off recently in China, driven by rising land costs and increasing competition that sees small and midsize developers seek the services of project managers with established brands to help derive higher returns on their projects. According to the research report, Central China Management Company, as a leading project manager in China with a strong presence in Henan province, is expected to benefit from industry growth of 23% over the next five years.The Bank also expects that as the industry expands, there will be more spin-offs of project management units by smaller national and larger regional real estate developers given the attractive profitability. With the new entrants, the market share of leading companies' such as CCMGT should remain high over the next five years.BNP Morningstar is of the view that CCMGT can be regarded as a more defensive proxy to China's real estate growth given its asset...

ACN Newswire

BNP Morningstar Initiates Coverage of CCMGT (9982) with “BUY” rating

indie
3 minutes

HONG KONG, Oct 20, 2021 - (ACN Newswire via SEAPRWire.com) - BNP Morningstar initiated coverage of Central China Management (9982) with "BUY" rating and set its target price at HKD 3.92 per share for the following reasons:Project management services for the real estate sector have taken off recently in China, driven by rising land costs and increasing competition that sees small and midsize developers seek the services of project managers with established brands to help derive higher returns on their projects. According to the research report, Central China Management Company, as a leading project manager in China with a strong presence in Henan province, is expected to benefit from industry growth of 23% over the next five years.The Bank also expects that as the industry expands, there will be more spin-offs of project management units by smaller national and larger regional real estate developers given the attractive profitability. With the new entrants, the market share of leading companies' such as CCMGT should remain high over the next five years.BNP Morningstar is of the view that CCMGT can be regarded as a more defensive proxy to China's real estate growth given its asset-li...

SeaPRwire
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Big money in storage business

elean
5 minutes

(NYTIMES) - Early in the pandemic, Ms Katharine Lau, a commercial real estate professional, turned her focus to decluttering, and as she stared at a pile of unneeded things, she wondered how she could save them despite her lack of space. "It was the first time I thought about self-storage as a business, which I always thought was so unsexy and so uncool that I didn't want to get involved," she said. "But I began to think about whether I could monetise under-utilised pieces of existing commercial real estate and pair it with technology." The company she created, Stuf Storage, sets out to do just that. With US$1.8 million (S$2.45 million) in seed funding announced in December, Stuf joins a big, disaggregated industry. More than 30,000 owners operate roughly 55,000 self-storage facilities nationwide, according to statistics from the Self Storage Association, a trade group. Five publicly traded real estate investment trusts with storage businesses - like Public Storage and CubeSmart - are ubiquitous along highways and in industrial areas, but "the industry remains largely made up of small-business owners", said Mr Timothy J. Dietz, president and CEO of the trade organisation. Before th...

ACN Newswire

Intensified Real-Estate Market Regulation Ushers New Opportunity for Broad Homes

indie
3 minutes

HONG KONG, Sep 28, 2021 - (ACN Newswire via SEAPRWire.com) - Recent concerns surrounding the debt-laden property developer have crippled all sectors of the China real estate market. Under the superposition of the new normal - COVID-19 pandemic, China's "14th Five-Year Plan" & "Three Red Lines" policy, and double concentration - China's real estate market is undergoing one of the most extensive reforms over the past two decades.The market is overly worried about the possible collapse of the debt-laden property developer and its potential impacts, and negative market sentiment drove Broad Homes' valuation to hit bottoms. Broad Homes' management commented: "The Company does not have back-to-back contracts and direct accounts receivables with the debt-laden property developer; most projects are settled in cash or acceptance bills. Additionally, the Company has also strengthened controls over possible risks of default on related projects from a year ago."Regulation tightening of China's real estate industry can be regarded as a fresh new opportunity for Broad Homes' strategic business development. Broad Home's "two-wheel" business strategy - To-B business (PC units) + To-C business ...

ACN Newswire
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Highstreet Enriches VR Metaverse with Upcoming Launch of FOMO Duck NFTs

indie
3 minutes

Vancouver, BC, Sep 14, 2021 - (ACN Newswire via SEAPRWire.com) - Highstreet is launching NFTs of its mascot FOMO Duck, which will serve as a guide for new users who become community members of the world's first commerce-centred metaverse.Highstreet's Metaverse provides accessibility to gaming, entertainment, real estate, crypto, and other scenarios for its users. Highstreet World consists of fully explorable islands powered by brands and partners alike, each with residential areas as well as various phygital products - digital assets pegged to real-world products - sold as NFTs.Highstreet Market is a special marketplace located in Highstreet City inside the metaverse. It specializes in redeemable limited edition phygital products, meaning every token represents both the digital and physical components of the product. Highstreet Market's StreetSmart bonding curves utilize a smart contract vault to ensure liquidity for the buyer at all times. By tokenizing each individual product into ERC-20 tokens, Highstreet Market eliminates the logistical overhead for third-party asset traders, ensuring that only creators and true collectors possess and handle the items.With the help of recogniza...

SeaPRwire
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Windfall Announces Its Listing in August

pandora
7 minutes

Dubai, UAE / SEAPRWire / August 12, 2021 / – Windfall will be announcing its official listing in August. It will be listed first on Probit and CoinMarketCap before it gets listed in other exchanges simultaneously. While this is a significant milestone for the Windfall project, it’s important to note that its token will be available for trading on different platforms to facilitate its exposure. Consequently,its pricing will be affected, because when more people know about it, the demand is set to skyrocket. Windfall, the virtual real estate banger Windfall is one of the leading real estate platforms that give customers a virtual real estate experience through a virtual real estate portal. The platform is based on the blockchain; hence, it is decentralized and comes with the perks that come with blockchain. It ensures leaders in the blockchain industry provide end-to-end and personalized complete suit services. Users can enjoy the information, 360-degree views, virtual tours, and different property characteristics depending on the demand. From all indications,Windfall is a game-changer for the real estate world as companies can set up their company profile and properties without nece...

SeaPRwire
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FCQ Launches Global Blockchain Real Estate Platform

pandora
2 minutes

Lublin, Poland / SEAPRWire / August 05, 2021 / – FCQPlatform.com – Investing in Spanish, Dominican, Cyprus, or any other country’s real estate has become as simple as ABC. FCQ is a Blockchain-based platform that allows purchasing property either partially or at once. All the transactions on the platform are backed by smart contracts; thus, the assets of buyers and sellers are safe and sound. The team’s idea is that their users should manage the FCQ platform with their help, as well as benefit from the development of their platform. For this purpose, the native FCQn token has been created. It will be available on the DEX exchanges and in the first phase it will be listed on the Uniswap exchange. The token will be deflationary. 1% of the sale of real estate and 50% of revenues from the secondary market will be allocated to the purchase of the token from the market and its burning. The token will debut in September on UNISWAP Currently, the platform is in Beta; nonetheless, a wide variety of real estate objects from all other the globe is soon to be added. To start investing, users do not need to possess tremendous capital. 500 USDT is enough. The minimum investment in real estate on ...

SeaPRwire

Hong Kong’s ESR to buy real estate fund manager ARA Asset for $7 billion

elean
1 minute

BENGALURU (REUTERS) - Hong Kong-based ESR Cayman will buy the entire share capital of real estate fund manager ARA Asset Management for US$5.2 billion (S$7 billion), the companies said on Wednesday, creating Asia Pacific's biggest real asset fund manager. Following the deal, the combined entity will have US$129 billion of assets under management, according to the companies, of which US$50 billion will focus on real estate, such as data centres. Through the acquisition of ARA, and its unit Logos, logistics real estate manager ESR plans to focus on the e-commerce sector. Citigroup Global Markets Singapore was the lead financial adviser for ARA, while Morgan Stanley Asia was the financial adviser for ESR. In April this year, ESR clinched another deal, in partnership with Singapore's GIC, to buy some Australian assets from Blackstone Group for A$3.8 billion ($2.8 billion). More on this topic Related Story Property heir urges Hong Kong to improve land policy Related Story For China's property developers, Hong Kong is becoming Shenzhen's backyard

SeaPRwire
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How to invest in real estate without breaking the bank

elean
5 minutes

If you grew up with traditional Asian parents, there’s a good chance that you’ve been told to work hard and save towards owning a piece of real estate. Seeing as land is a scarce resource in many cities around the world, this may seem like a pipe dream, especially since purchasing a property usually requires a huge capital outlay. But wait, there is a surprisingly affordable financial instrument that can help you circumvent this, let you catch your breath and even earn you money while you’re sleeping or away on a trip: Real Estate Investment Trusts (Reits). Passive income through real estate investing is one of the more popular paths investors who want to put their money to work for them can take. Here’s what you need to know: What are REITs? These are real estate companies that own, operate or finance income-producing properties, such as hotels, offices or residences. Listed on the stock exchange, Reits have benefits other investment vehicles don’t have, such as allowing individual investors to earn dividends from investments without buying, managing or financing any properties themselves. By investing in Reits, individuals can enjoy a steady stream of passive income without the d...

SeaPRwire

Nucleus Vision Acquires Jiffy Charge to Create One of the World’s Largest Private Network

pandora
3 minutes

San Francisco, CA / SEAPRWire / June 21, 2021 / - Nucleus Vision's acquisition of Jiffy Charge, a micro real estate marketplace company (similar to Airbnb for micro spaces) is well in tandem with its vision of enabling a private communication network, powered by micro DeFi Financing. This move comes quickly on the heels of NV 1.0's implementation in deploying a sensor-driven solution in the offline retail market place to capture vital customer identification and intelligence in real time in a precise physical place, enabling smart communication and driving commerce. NV 2.0 is a step forward that completes the circle and utilizes the full potential of NV 1.0's technology capability, developed in-house. The acquisition of Jiffy Charge has opened up opportunities to acquire physical spaces for asset distribution, with an aim to build the world's largest communication network for customers and product inventory. One company already in the decentralized private network race is Helium. NV 2.0's decentralized wireless private network will adopt the company's already existing IoT platform. Together, with NV 2.0's IoT assets layer and micro real estate platform, the solution can be deployed...

SeaPRwire

China’s Evergrande tycoon loses $25 billion as investors revolt

elean
5 minutes

SHANGHAI (BLOOMBERG) - Just eight months after celebrating a narrow escape from financial disaster, Chinese billionaire Hui Ka Yan finds himself back in crisis-fighting mode. Resurgent concerns about the health of China Evergrande Group, Mr Hui's flagship property company, have pushed its stock to within a hair's breadth of the lowest level since March 2020. Bondholders are rushing for the exit too, spooked by missed payments at the developer's affiliates and a report that regulators are probing Evergrande's ties to an obscure bank in northern China. It's yet another dramatic turn of events for a tycoon whose ups and downs are extreme even by the standards of China's volatile markets. At US$19 billion (S$25 billion), Mr Hui's net worth has tumbled by about a third since he clinched a deal with investors to avert a cash crunch in September. It's down by more than half from a 2020 peak, according to the Bloomberg Billionaires Index. The turmoil has the potential to spread much wider. With 1.95 trillion yuan (S$403.7 billion) of liabilities - including dollar bonds that sit in portfolios from Hong Kong to London and New York - Evergrande is the world's most indebted real estate compan...

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$ORT – Launching Europe’s First Tokenized Real Estate Assets by OMNI Estate Group & Passive Income

pandora
5 minutes

Marbella, Spain - / SEAPRWire / May 28, 2021 / OMNI ESTATE GROUP is delighted to announce to the Crypto & Real Estate investment community the launch of OMNI Real Estate Token ( $ORT ). $ORT will serve as the first token of its kind, Europe's First Real Estate Token. OMNI Estate Group will utilize $ORT as the native token to facilitate investments in Real Estate with Cryptocurrency. $ORT holders will enjoy investment incentives, ROI benefits, Real Estate Asset access and more within the ecosystem and NFT Marketplace. What might surprise many about the $ORT token launch is the incredible partnership between OMNI Estate Group and Passive Income. $ORT was created by the NaaS (NFT as a service) feature of the Passive Income ($PSI) platform, bringing an incredible level of revolution to this industry. The $ORT Token sale The $ORT token sale will go down as one of the most memorable events in the history of crowdfunding in the crypto space. Immediately after announcing the token sale, the $ORT token sold out within 5 minutes. This is truly remarkable as many DeFi projects tend to organize multiple rounds of token sale in order to meet up with their softcap. Still, some of these proje...

ACN Newswire
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E-House’s open strategy to acquire an 85% stake in Tmall Haofang

indie
9 minutes

SHENZHEN, CHINA, May 14, 2021 - (ACN Newswire via SEAPRWire.com) - On April 28, E-House China Enterprise Holdings Co., Ltd. (2048.HK) announced it had acquired an 85% stake in Tmall Haofang, through an issue of 248 million new E-House shares to Alibaba (NYSE: BABA; 9988.HK). At HK$ 7.50 per share, it was the equivalent to an acquisition at HK$ 1.86 billion. At the same time, Alibaba, E-House founder and chairman Zhou Xin, and Alibaba's Yunfeng Fund invested HK$ 990 million, HK$ 1 billion and HK$ 500 million respectively at the price of HK$ 7.50 per share to subscribe to 132 million, 133 million and 66.67 million new shares of E-House.On completion, Tmall Haofang will become a wholly-owned subsidiary of E-House, while Alibaba will continue to grant exclusive Tmall permits to Tmall Haofang including the name, domain name, trademark and other brand attributes, and simultaneously provide technical, product, data, operational and other means of support.In terms of shareholding ratio, Zhou Xin will hold 22.84% shares of E-House to remain its largest shareholder, while Ali with 22.57% becomes the second-largest shareholder, and Yunfeng Fund 2.86%. Zhou Xin, as Chairman of the E-House Boar...

SeaPRwire
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Landshare Announces the Launch of its Upcoming Real Estate Investment Platform

pandora
3 minutes

Lincoln, Nebraska / SEAPRWire.com / April 26, 2021 / Landshare, a fractional property investment system on the Binance Smart Chain, will be launching Q3 2021. Landshare is an easy-to-use platform allowing investors to earn yields on rental profits and property appreciation by staking stablecoins in a real estate backed vault. Bringing Real Estate to the Blockchain Landshare leverages the power of blockchain technology to create a new way to invest in real estate. Key features of the platform include the Landshare Token, a supply capped token backed by real estate assets, and the Property Vault, a stablecoin-based vault that enables investors to obtain fractional shares of rental profits and benefit from property value appreciation. Hassle Free Investment The barrier of entry for real estate has traditionally been very high, requiring prospective investors to consider maintenance, insurance, and property taxes. The Landshare team handles all the work, enabling a truly hassle-free experience. With Landshare, the process is simple: investors stake stable coins in the fully collateralized Property Vault. That investment represents a share of real estate assets, entitling the investor t...

ACN Newswire
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Ubitquity Joins the Government Blockchain Association (GBA)

indie
2 minutes

WILMINGTON, DE, Mar 24, 2021 - (ACN Newswire via SEAPRWire.com) - Ubitquity LLC, the leading enterprise blockchain-secured platform for real estate and title recordkeeping, is pleased to announce that it has officially joined the Government Blockchain Association. With a diversified product suite that includes solutions for the aviation, title abstracting, and escrow industries, Ubitquity will be offering their technology and services to both government and private enterprise. Could this be the link that brings real estate and title recordkeeping on a blockchain to the government? "The Government Blockchain Association (GBA) is a US-based non-profit, membership organization that consists of individuals and organizations that are interested in promoting blockchain related solutions to government requirements. We are excited to be joining such a well-respected global organization," says Nathan Wosnack, Founder & CEO at Ubitquity. Mr. Wosnack also hopes this combining of enterprises will be mutually beneficial, creating a long-term impact for the entire GBA community.Ubitquity brings plenty of impact to the deal, hosting:- Enterprise-ready, blockchain-secured platform- Real estate...

ACN Newswire
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HouseAfrica Announces Partnership With Domineum

indie
3 minutes

LAGOS, Mar 10, 2021 - (ACN Newswire via SEAPRWire.com) - HouseAfrica, furthering its dedication to making African real estate transactions seamless and transparent, is pleased to announce a strategic partnership with Domineum, an enterprise blockchain technology and back-end services provider. PropVat by HouseAfrica helps individuals and financial institutions verify and validate properties seamlessly, increasing access to credit.HouseAfrica's PropVat.com, Africa's largest property technology platform, connects real estate stakeholders, property developers, home buyers, financial institutions, valuers and government regulators, to verify and validate property authenticity before purchase or credit application."We are particularly excited about our partnership with Domineum, as it helps us toward our goal of unlocking trapped real estate value in Nigeria, estimated at $300-900 billion dollars. We believe in collaboration. PropVat, our cutting-edge solution for unlocking Nigeria's and Africa's huge dead asset pool, is built on blockchain and collaboration," says Uba Nnamdi, Co-Founder and CEO HouseAfrica."Domineum is excited to partner with HouseAfrica to deliver its bespoke products...

SeaPRwire
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Marina Bay view could be priciest real estate feature in Singapore

elean
1 minute

SINGAPORE - A panoramic view of the iconic Marina Bay Sands and the Central Business District could well be the most pricey amenity in Singapore real estate. A collection of five penthouses, put up for sale recently at Marina Bay Residences with an indicative price of $138 million, will give a sense of how much a buyer would pay for this sought-after view. 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
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BOSAGORA Unveils the T-Fi, a First Real Economy DeFi Financial Model

pandora
4 minutes

Seoul, Korea - BOSAGORA, a public blockchain platform, announced on February 17, 2021, the blueprint of 'T-Fi', a DeFi financial model with an advanced concept. Implying the 'true finance', T-Fi will present a new financial experience by connecting real economies such as securities and real estate with BOA, a coin of BOSAGORA. It also announced the roadmap that it will initiate a pilot operation on small scale in March and complete the decentralized finance (DeFi) on an incremental basis within this year when a trust contract with the Mainnet is concluded. According to BOSAGORA Foundation, T-Fi is an economic ecosystem that can create profits in a variety of ways. Profit creation means include the reward for block generation by operating nodes of BOA; fixed interest from the lending of staked BOA assets; and income dividend to be paid by taking part in security token offering (STO) projects that are exclusively partnered with BOSAGORA. T-Fi attracts attention from the market as it can generate profits by lending crypto assets already staked in the real economy, in addition to earnings gained through the operation of nodes and STOs that are well-known existing ways of creating value...

SeaPRwire
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Real household incomes decline for first time in more than 10 years

aseanpr
2 minutes

SINGAPORE - The Covid-19 pandemic hit Singapore households hard last year, with overall median household income from work falling by 2.5 per cent in nominal terms from $9,425 to $9,189. After taking into account inflation, this works out to a 2.4 per cent drop in real terms - the first such decline in more than 10 years since after the economy was battered by the global financial crisis. In 2009, median monthly household income from work fell by 1.9 per cent in nominal terms, or 2.5 per cent in real terms after factoring in inflation. In a new report released on Monday afternoon (Feb 8), the Department of Statistics (DOS) found that lower-income households were the hardest hit, with those in the bottom 10 per cent seeing a 6.1 per cent real decline in income. In contrast, the rest of the households recorded real declines of 1.4 per cent to 3.2 per cent. But government transfers and taxes also significantly reduced the Gini coefficient from 0.452 to 0.375. The Gini coefficient measures income inequality from 0 to 1, with 0 being most equal. "This can be attributed to the significant amount of government support provided during the Covid-19 crisis in 2020, especially for households s...