Hong Kong’s Hang Seng Index Jumps 20% From January Low, Heads for Bull Market
Hong Kong’s benchmark equity index headed for a technical bull market as stocks in the city extended this month’s stellar rebound sparked by overseas inflows.
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Hong Kong’s benchmark equity index headed for a technical bull market as stocks in the city extended this month’s stellar rebound sparked by overseas inflows.
Chinese property shares surged, leading gains in the broader market, as sentiment got a boost after a major developer reached a solution with bondholders for its liquidity issues.
New Zealanders who own properties in areas prone to flooding or earthquakes may find they can’t afford insurance or may not be offered cover for specific risks, according to the Reserve Bank.
Message to bond underwriters: Some big customers are sizing up your ESG credentials.
Joe Biden’s allies are racing to blunt the presidential campaign of Robert F. Kennedy Jr., casting his third-party effort as a stalking-horse bid designed to boost Donald Trump’s chances — even as his wide-ranging policy positions make him a threat to both.
Jun 20, 2016
BNN Bloomberg
,Toronto’s ultra-luxury real estate market has seen tremendous growth year-over-year, and according to Barry Cohen, Broker, RE/MAX Realtron Realty, foreign buyers are adding to the growth.
“The Asian influence is about 25 to 40 per cent and growing,” said Cohen in an interview with BNN. “In my neck of the woods, [foreign ownership] it’s up about 70 per cent in most luxury markets.”
Overall, he says year-over-year luxury end sales have increased at an incredible rate.
“Sales over $5 million are up actually 50 per cent, it’s incredible”, he said. “But sales over $2 million, which is the new luxury standard is way up, more than 70 per cent.”
Despite the increase in sales of luxury homes, Cohen says these properties aren’t being snatched up in a feeding frenzy.
“These homes have been known to take up to 18 months to sell,” he said.
Cohen has just listed a home on High Point Rd. in Toronto, in the Bridle Path neighbourhood. The home is owned by Robert Herjavec, Canadian businessman and television personality known for his role on the Dragon’s Den and Shark Tank television shows.
16 High Point Rd. is listed at $18.8 million, and comes with 10 bedrooms and 13 bathrooms. The home sits on 33,000 square feet and was built more than 25 years ago, according to Cohen.
Here’s a look inside the home: