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Top Reads of The Week 24/3/2024
Richard @ The Asia Report
March 24, 2024
Guocoland's Lentor Mansion achieves 75% sales at launch; prices from $2,104 psf
Guocoland's Lentor Mansion, a 605-unit condominium located at Lentor Central in Singapore, has achieved a 75% sales rate during its launch weekend. Prices for the units started from $2,104 per square foot (psf).
Hong Kong faces battle to shore up hub role after security law
Hong Kong is struggling to maintain its position as a global financial hub following the implementation of a controversial national security law.
Despite efforts by the government to reassure investors and attract new talent, Hong Kong faces increasing competition from other Asian cities, such as Singapore and Tokyo, in the race to secure its status as a leading financial center.
City Developments should explain how it will manage its buybacks as it grows its business
City Developments Limited (CDL), a Singapore-based property developer, has recently announced a share buyback program.
While buybacks can be an effective way to boost shareholder value, some analysts are questioning how CDL will manage this initiative while simultaneously pursuing business growth.
A Wee matter of succession and continuity at UOB
United Overseas Bank (UOB), one of Singapore's largest banks, is facing questions about its succession plan.
The Wee family has played a significant role in the bank's leadership for decades, and ensuring a smooth transition to the next generation of management is crucial for maintaining the bank's stability and growth.
Singapore scores early win in race for Chinese tourist dollars
As China relaxes its travel restrictions, Singapore has emerged as an early beneficiary in the competition for Chinese tourist spending.
The city-state's strategic location, cultural ties, and attractive tourism offerings have made it a popular destination for Chinese travelers.
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