Speculators zoom in on Shenzhen to flip new homes for quick profit, raising warning of ‘grey rhino' risks and regulators' ire

Shenzhen, the crucible of China's economic reforms and the nation's technology hub, is seeing a buying frenzy in residential property, as a government-imposed price cap created arbitrage opportunities for speculators to make quick profits.At CR Land's CR City project in Nanshan district, the average price capped at 130,000 yuan (US$19,760) per square metre was 28 per cent cheaper than the neighbourhood's prevailing market price . That attracted more than 10,000 bidders, helping the state-owned…

Speculators zoom in on Shenzhen to flip new homes for quick profit, raising warning of ‘grey rhino' risks and regulators' ire
South China Morning Post

Tue, 01 Dec 2020 14:00:05 +0800 Source:
Speculators zoom in on Shenzhen to flip new homes for quick profit, raising warning of ‘grey rhino' risks and regulators' ire

South China Morning Post

39 news during 24h before Tue, 01 Dec 2020 14:00:05 +0800

Coronavirus: Jakarta Governor Anies Baswedan infected; cases spike in Japan among US military

 Coronavirus: Jakarta Governor Anies Baswedan infected; cases spike in Japan among US military
South China Morning Post

Anies Baswedan, governor of Indonesia's capital Jakarta, has tested positive for Covid-19 and is ...
  • Tue, 01 Dec 2020 13:55:05 +0800

Amid China curbs, India's beer boom offers Australia new market for its barley exports

 Amid China curbs, India's beer boom offers Australia new market for its barley exports
South China Morning Post

Australian barley growers could soon be raising a glass to India's swelling cohort of ...
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Hong Kong fourth wave: marine police launch Covid-19 crackdown on junk boat, private yacht parties, as city faces 84 new infections

 Hong Kong fourth wave: marine police launch Covid-19 crackdown on junk boat, private yacht parties, as city faces 84 new infections
South China Morning Post

Hong Kong marine police are launching a Covid-19 crackdown on large parties aboard private ...
  • Tue, 01 Dec 2020 12:58:43 +0800

Kamala Harris: biography, net worth, husband Douglas Emhoff and path to vice-presidency

 Kamala Harris: biography, net worth, husband Douglas Emhoff and path to vice-presidency
South China Morning Post

Kamala Harris made history with her election as Joe Biden's vice-president, becoming the first ...
  • Tue, 01 Dec 2020 12:43:32 +0800

‘Married' at 13: Chinese child bride sent back to school after marrying 17-year-old boy, but families give union their blessing

 ‘Married' at 13: Chinese child bride sent back to school after marrying 17-year-old boy, but families give union their blessing
South China Morning Post

As honeymoons go, they do not get much briefer than this, but when the ...
  • Tue, 01 Dec 2020 12:37:05 +0800

How China is pushing forward its plan for a powerful, modern military

 How China is pushing forward its plan for a powerful, modern military
South China Morning Post

As regional tensions rise, a more assertive China has set a goal of turning ...
  • Tue, 01 Dec 2020 12:34:54 +0800

UK launches ‘Space Command', but what will it do?

 UK launches ‘Space Command', but what will it do?
South China Morning Post

The UK is stepping up its space ambitions for both military and commercial purposes, ...
  • Tue, 01 Dec 2020 12:32:51 +0800

US-China relations: Two-day virtual conference features stellar speaker line-up

 US-China relations: Two-day virtual conference features stellar speaker line-up
South China Morning Post

Former diplomats, including Hong Kong elder statesman Tung Chee-hwa and other high-profile analysts, will ...
  • Tue, 01 Dec 2020 12:01:06 +0800

Zappos ex-CEO Tony Hsieh's death ruled ‘accidental' as house fire investigated

 Zappos ex-CEO Tony Hsieh's death ruled ‘accidental' as house fire investigated
South China Morning Post

The death of retired Zappos.com CEO Tony Hsieh was ruled “accidental” and related to ...
  • Tue, 01 Dec 2020 11:40:22 +0800

Hong Kong's largest pay TV operator i-Cable to lay off 40 newsroom staff

 Hong Kong's largest pay TV operator i-Cable to lay off 40 newsroom staff
South China Morning Post

Hong Kong's biggest pay TV operator is to lay off 40 newsroom staff with ...
  • Tue, 01 Dec 2020 11:36:32 +0800

Coronavirus: Asia's grounded pilots spark airline safety fears over lack of flying practice

 Coronavirus: Asia's grounded pilots spark airline safety fears over lack of flying practice
South China Morning Post

On September 15, an Indonesian flight carrying 307 passengers and 11 crew to the ...
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China says it will spend US$15 billion over five years to fix ‘sick and dangerous' dams

 China says it will spend US$15 billion over five years to fix ‘sick and dangerous' dams
South China Morning Post

Beijing plans to spend 100 billion yuan (US$15.2 billion) over the next five years ...
  • Tue, 01 Dec 2020 11:00:47 +0800

RCEP: What is it so special about the trade deal and how will it impact Asia-Pacific?

 RCEP: What is it so special about the trade deal and how will it impact Asia-Pacific?
South China Morning Post

Tap here to launch this special feature
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Hong Kong police sports club attacked with nine petrol bombs, triggering search for three suspects

 Hong Kong police sports club attacked with nine petrol bombs, triggering search for three suspects
South China Morning Post

A Hong Kong police sports club was attacked with nine suspected petrol bombs early ...
  • Tue, 01 Dec 2020 10:19:36 +0800

China manufacturing sentiment hits highest level in nine years in November

 China manufacturing sentiment hits highest level in nine years in November
South China Morning Post

China's manufacturing activity extended its strong growth in November, according to data released on ...
  • Tue, 01 Dec 2020 09:51:15 +0800

China gave Covid-19 vaccine to North Korea's Kim Jong-un, US analyst says

 China gave Covid-19 vaccine to North Korea's Kim Jong-un, US analyst says
South China Morning Post

China has provided North Korean leader Kim Jong-un and his family with an experimental ...
  • Tue, 01 Dec 2020 09:33:06 +0800

Scott Atlas resigns as Donald Trump's coronavirus adviser

 Scott Atlas resigns as Donald Trump's coronavirus adviser
South China Morning Post

One of President Donald Trump's favoured coronavirus advisers who sparked controversy over his comments ...
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In Thailand, Muslim lesbians tackle stereotypes by playing soccer

 In Thailand, Muslim lesbians tackle stereotypes by playing soccer
South China Morning Post

Anticha Sangchai did not come out to her family until she was 30 and ...
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History shows the dangerous folly of Carrie Lam's unopposed governance

 History shows the dangerous folly of Carrie Lam's unopposed governance
South China Morning Post

In the midst of Hong Kong's worst crisis in living memory, what should leaders ...
  • Tue, 01 Dec 2020 08:30:06 +0800

China pivots to state-corporate partnerships in drive for technology self-reliance

 China pivots to state-corporate partnerships in drive for technology self-reliance
South China Morning Post

As Beijing doubles down in its contest with the US for technological leadership, it ...
  • Tue, 01 Dec 2020 08:00:25 +0800

Online to Orchard Road: why some Singapore e-retailers are opening physical shops amid the coronavirus pandemic

 Online to Orchard Road: why some Singapore e-retailers are opening physical shops amid the coronavirus pandemic
South China Morning Post

Even in an atypical year for retailers, Jay's business has taken an unusual trajectory. ...
  • Tue, 01 Dec 2020 08:00:23 +0800

China tightens export rules for sensitive tech, boosts power to retaliate against foreign sanctions

 China tightens export rules for sensitive tech, boosts power to retaliate against foreign sanctions
South China Morning Post

China's broadly defined export control law came into effect on Tuesday, expanding Beijing's arsenal ...
  • Tue, 01 Dec 2020 08:00:20 +0800

Joe Biden gets first look at Donald Trump's President's Daily Brief

 Joe Biden gets first look at Donald Trump's President's Daily Brief
South China Morning Post

Joe Biden on Monday got his first look as president-elect at the President's Daily ...
  • Tue, 01 Dec 2020 07:23:43 +0800

Deadline passes for US firms to cut Xinjiang Production and Construction Corps goods from supply chains

 Deadline passes for US firms to cut Xinjiang Production and Construction Corps goods from supply chains
South China Morning Post

The deadline has passed for American entities to comply with human rights sanctions and ...
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Kimchi clash: China, South Korea netizens in online showdown over origin of cabbage staple

 Kimchi clash: China, South Korea netizens in online showdown over origin of cabbage staple
South China Morning Post

China's efforts to win an international certification for pao cai, a pickled vegetable dish ...
  • Tue, 01 Dec 2020 07:00:21 +0800

Hong Kong's MPF has much to do to close gap between reality and pensioners' aspirations even as it tops HK$1 trillion in value

 Hong Kong's MPF has much to do to close gap between reality and pensioners' aspirations even as it tops HK$1 trillion in value
South China Morning Post

Hong Kong's Mandatory Provident Fund (MPF) has a long way to go in meeting ...
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Coronavirus: US predicts ‘vaccines before Christmas' as pandemic super-surge looms

 Coronavirus: US predicts ‘vaccines before Christmas' as pandemic super-surge looms
South China Morning Post

Hopes for a first wave of vaccinations before the end of 2020 received a ...
  • Tue, 01 Dec 2020 06:21:06 +0800

Chinese team test jet engine ‘able to reach anywhere on Earth within 2 hours'

 Chinese team test jet engine ‘able to reach anywhere on Earth within 2 hours'
South China Morning Post

Chinese scientists have built what they claim is a revolutionary plane engine for Mach ...
  • Tue, 01 Dec 2020 06:00:19 +0800

Is Joe Biden's budget pick Neera Tanden a ‘sacrifice to the confirmation gods'?

 Is Joe Biden's budget pick Neera Tanden a ‘sacrifice to the confirmation gods'?
South China Morning Post

Neera Tanden, US President-elect Joe Biden's pick to head the Office of Management and ...
  • Tue, 01 Dec 2020 04:59:09 +0800

Canadian Mountie at centre of Meng Wanzhou extradition storm was elite officer in Hong Kong

 Canadian Mountie at centre of Meng Wanzhou extradition storm was elite officer in Hong Kong
South China Morning Post

The Canadian Mountie cut an eye-catching figure, his red serge tunic standing out among ...
  • Tue, 01 Dec 2020 04:55:13 +0800

How property-hungry Chinese millennials and shadow banking could fuel a financial crisis

 How property-hungry Chinese millennials and shadow banking could fuel a financial crisis
South China Morning Post

China's household debt has surged again after the Covid-10 pandemic was brought under control ...
  • Tue, 01 Dec 2020 04:15:05 +0800

Ex-French president Nicolas Sarkozy slams ‘six years of slander' at corruption trial

 Ex-French president Nicolas Sarkozy slams ‘six years of slander' at corruption trial
South China Morning Post

Former French president Nicolas Sarkozy complained on Monday of being the victim of six ...
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US and EU should join forces to check China's influence in Africa, Indo-Pacific, Republican senator proposes

 US and EU should join forces to check China's influence in Africa, Indo-Pacific, Republican senator proposes
South China Morning Post

Cooperation between the United States and European Union is “all the more important” in ...
  • Tue, 01 Dec 2020 03:11:08 +0800

France's Emmanuel Macron retreats over police protection law after clashes

 France's Emmanuel Macron retreats over police protection law after clashes
South China Morning Post

President Emmanuel Macron is backing away from plans to make it harder to film ...
  • Tue, 01 Dec 2020 02:23:10 +0800