Sept. 13 (Bloomberg) -- In our series "Venturing Out," Bloomberg's Mia Saini takes a look at the world's cheapest remote-controlled flying camera on Bloomberg Television's "First Up." (Source: Bloomberg)
Myanmar junta leader Min Aung Hlaing will join a special ASEAN summit next week, the Thai foreign ministry said Saturday, his first official trip since masterminding a coup which deposed civilian leader Aung San Suu Kyi.
Russian plans to block parts of the Black Sea would be "unjustified", NATO said Friday, calling on Moscow "to ensure free access to Ukrainian ports in the Sea of Azov, and allow freedom of navigation".
Rafael Nadal's bid for a 12th Monte Carlo Masters title was shattered by Russia's Andrey Rublev, who swept to a 6-2, 4-6, 6-2 quarter-final win on Friday with the great Spaniard admitting his serve was "a disaster".
Chinese President Xi Jinping slammed the European Union's plan for a carbon tax system Friday in a call with the leaders of France and Germany, state media reported.
Montenegro's finance minister on Friday tried to ease concern over a near $1 billion Chinese-backed road project, insisting the country could afford to repay the debt and did not need EU help.
The Ministry of Health (MOH) confirmed 39 new COVID-19 cases in Singapore as of noon on Saturday (17 April), taking the country's total case count to 60,808.
SINGAPORE (EDGEPROP) - An HDB executive maisonette — located at 616 Ang Mo Kio Avenue 4 in District 20 — is on sale with a guide price of $999,999. The auctions team at PropNex Realty is marketing the 1,593 sq ft flat and the guide price works out to $627 psf.Linda Lin, PropNex Realty’s associate branch director of corporate sales and auction, says the price tag of almost $1 million is supported by its attractive location in a mature HDB estate.The two-storey flat has four bedrooms, three bathrooms, two living areas, a dining area and a kitchen. The 99-year leasehold flat has 74 years left to its lease.Spanning 1,593 sq ft, the large space and similar layout to landed housing makes executive maisonettes an attractive public housing option. (Picture: PropNex Realty)“An uncommon feature of this maisonette is the attached balcony beside the master bedroom. The flat has also been well maintained,” she adds. The owners are a local Chinese family who are planning to upgrade to a private property.Located on a lower floor, the unit was only on the market for about a week when it received its first serious offers. At least two buyers have made offers after viewing the unit once, says Lin.She also says negotiations with a buyer had progressed significantly on April 13. Lin expects a deal to be closed soon.HDB executive maisonettes are a type of public housing developed by the HDB but were replaced by the executive condominium (EC) scheme in 1997. There are a limited number of these flats and most of them can be found in mature estates like Ang Mo Kio, Bishan, Bedok, Bukit Panjang, Choa Chu Kang, Hougang, Queenstown and Sembawang.Maisonettes are typically sized between 1,582 and 1,722 sq ft. The large space and similar layout to landed housing makes them an attractive public housing option, says Lin.“This type of HDB flat would also be desirable to owners of smaller-sized HDB flats who are looking to upgrade to a larger space,” she adds.The unit for sale is one of 50 executive maisonette units located in the HDB block. Neighbouring HDB blocks comprise executive maisonettes and four- and five-room flats.If sold, the maisonette is expected to set a new high price for 616 Ang Mo Kio Avenue 4. (Picture: PropNex Realty)Maisonettes are rarely available on the resale market and new listings typically surface when owners choose to let go of their home to rightsize or upgrade to a private property.The asking price for this maisonette is relatively attractive, given that some older executive maisonettes in the Bishan area are going for about $1.2 million, she adds.Lin expects the maisonette to appeal to multi-generational families and young couples on the hunt for a spacious apartment.“I would not be surprised if some buyers would be willing to fork out about $100,000 in cash-over-valuation (COV) to secure an attractively priced maisonette in the Ang Mo Kio area because the supply of of this type of unit in this neighbourhood is scarce,” says Lin.The most recent transaction at 616 Ang Mo Kio Avenue 4 was in September 2020, when a 1,593 sq ft maisonette on the first floor was sold for $750,000 ($471 psf).Based on HDB resale data compiled by EdgeProp Singapore, the most expensive flat in that block was a 1,593 sq ft unit on the fourth floor that was sold for $835,000 ($524 psf) in May 2015.While the final selling price of the maisonette was still being negotiated at press time, it is expected to be slightly lower than the guide price.Still, Lin expects the sale to set a new price record for the block as it “benefits from the low supply of available maisonette flats in the Ang Mo Kio area and its location is close to amenities, reputable schools and MRT stations”.Popular educational institutions in proximity to the HDB block include Anderson Primary School, Presbyterian High School, Yio Chu Kang Secondary School, CHIJ St Nicholas Girls School, and Anderson Serangoon Junior College. Nanyang Polytechnic and the Singapore Institute of Technology @ NYP are also nearby.The block is located close to Yio Chu Kang MRT Station on the North-South Line. The nearby Lentor and Mayflower MRT Stations on the Thomson-East Coast Line are expected to be operational by the fourth quarter of this year.Check out the latest listings near Yio Chu Kang MRT Station, Mayflower MRT Stations, Anderson Primary School, Presbyterian High School, Yio Chu Kang Secondary School, CHIJ St Nicholas Girls School, Anderson Serangoon Junior College, Nanyang Polytechnic, Singapore Institute of Technology @ NYPSee Also: Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools New Launch Condo & Landed Property in Singapore (COMPLETE list & updates) [UPDATE] NTP+ mall at New Tech Park close to 97% leased Four-bedder at One Amber sold for $1.8 mil profit Decade-long Batam township project marks Tuan Sing’s magnum opus in Indonesia En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc HDB Resale Flats Up For Sale, Affordable Units Available
Philippine authorities said Saturday they have seized some 200 tonnes of illegally harvested giant clam shells worth nearly $25 million in one of the biggest known operations of its kind in the country.
China said Friday that the United States needed to take more responsibility on climate change but welcomed greater cooperation after a visit by envoy John Kerry, state media said.
China's Coronavac vaccine was 67 percent effective at preventing symptomatic Covid-19 and 80 percent at preventing death, according to real-life results unveiled Friday from Chile's inoculation campaign.
SINGAPORE — The Ministry of Health (MOH) confirmed 34 new COVID-19 cases in Singapore on Friday (16 April), taking the country's total case count to 60,769.
The Israeli military said early Friday it had carried out airstrikes on military targets in the Gaza Strip after a rocket fired from the Palestinian enclave hit southern Israel.
Taiwan prosecutors on Friday charged a truck driver with negligent homicide over his role in the island's worst rail disaster in decades that left 49 dead and more than 200 injured.
Arch-foes Israel and Iran have long fought an undeclared shadow war across the Middle East, landing blows in Lebanon, Syria and inside the Islamic republic itself.
Like the old school game of "hantam bola", you can enjoy the Champions League by throwing your support behind someone. Someone like Pep Guardiola.
Citigroup plans to hire up to 500 people in its wealth management business in Hong Kong as it focuses on “wealth centres” in Asia under new CEO Jane Fraser and significantly revamps its consumer banking business in the region. The expansion will include more than 300 new relationship managers in the city in the next five years, as the bank aims to triple its clients and double its assets under management (AUM) in Hong Kong’s wealth business by 2025. The American bank previously said it was planning to expand its headcount across its businesses in the city by up to 1,700 people, including wealth management, as it seeks to tap increasing capital flow from mainland China and rising affluence in the Greater Bay Area.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. “Hong Kong is a key strategic market for Citi and our Hong Kong franchise is one of the largest contributors to Citi’s revenues globally,” said Angel Ng Yin-yee, the chief executive of Citi Hong Kong and Macau. “Citi has a long history in Hong Kong and we are confident in our future here with a strategy to support and grow with our clients.” On Thursday, Citigroup said it would exit the consumer banking business in 13 markets internationally and focus on wealth centres in Hong Kong, Singapore, the United Arab Emirates and the United Kingdom. The revamp of its consumer banking business would include exits from mainland China, Malaysia, Taiwan and other markets where the bank said it lacks the scale to compete. “We will invest to grow the integrated wealth, payments and consumer lending businesses in our Hong Kong and Singapore hubs, which provide comprehensive solutions for customers with global needs and aspirations,” said Citi’s Asia-Pacific chief executive Peter Babej. “Asia is critical to our firm’s global ambitions, and we will allocate resources to drive profitable growth for our franchise.” Citi’s global consumer banking revenue declined by 14 per cent to US$7 billion in the first quarter, including a 9 per cent drop in revenue in its Asia operations. The revenue decline in Asia was driven by lower cards revenue and lower deposit spreads, partially offset by strong investments revenue and deposit growth, the bank said. Citi’s wealth expansion comes as other banks are bulking up their operations in the region as China further opens its financial markets to foreign money and more funds are expected to flow from the mainland’s wealthy into Hong Kong as part of the upcoming Wealth Connect scheme. In February, HSBC said it plans to invest US$3.5 billion and hire more than 5,000 people in its wealth management business in Asia over the next five years as it targets high net worth and ultra high net worth clients. Credit Suisse, another rival, plans to triple its headcount in China over the next three years. “We are already a market leader in wealth in Hong Kong and taking this business to the next level is a strategic priority,” Lawrence Lam, CEO and consumer business manager for Citibank Hong Kong. More from South China Morning Post:HSBC says four senior bankers to relocate to Hong Kong as it extends pivot to AsiaCitigroup to hire up to 1,700 people as it expands operations in Hong Kong with an eye on Greater Bay Area opportunitiesWellington Management plans Asia expansion targeting growing wealth in China and wider regionFTSE Russell moves forward with inclusion of Chinese government debt in flagship index as world’s second-largest bond market opens to foreignersHSBC to hire 5,000 wealth planners as it increases investment, emphasis on Asia’s richThis article Citigroup to hire up to 500 people for Hong Kong wealth management as it trims consumer banking in 13 Europe, Asia markets first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
The United States on Friday welcomed Brazil's renewed promise to end illegal deforestation but urged immediate action to protect the Amazon, a major factor in global climate change.
Hundreds waited in grim silence at a Bangkok stadium to get free Covid-19 tests Saturday as a spiraling infection rate gripped Thailand, on a fourth consecutive day of more than 1,000 new cases.
Israelis will no longer have to wear masks outdoors starting from Sunday as the number of virus infections plummets, Health Minister Yuli Edelstein said.
SINGAPORE (EDGEPROP) - During the week between March 30 and April 6, the most profitable deal was the sale of a 1,701 sq ft, four-bedroom unit at One Amber in District 15. The 14th-floor unit was sold for $3.05 million ($1,793 psf) on March 30. The seller, who had bought the unit in August 2006 for $1.25 million ($737 psf), made a 143% profit of $1.8 million, which translates to a profit of 6.3% when annualised over 14½ years.The sale is the most profitable deal at One Amber, breaking the previous record where a 1,658 sq ft unit was sold for a profit of $1.47 million in July last year. That unit was sold for $2.7 million ($1,629 psf), after having been bought in May 2006 for $1.23 million ($741 psf). The profit is annualised at 5.7%.One Amber is a freehold condominium developed by Brendale, with 562 units across four 23-storey blocks. The development’s location on Amber Gardens is a short drive to Parkway Parade shopping centre, Katong and East Coast Park.The most profitable deal of the week occured at One Amber, when a seller made a 143% profit of $1.8 million, which is also the highest at the development so far (Photo: Samuel Isaac Chua/The Edge Singapore) The second top gain of the week was also transacted in District 15. A 1,216 sq ft, three-bedroom unit at The Sea View earned its seller a 153% profit of $1.45 million when it was sold on April 6 for $2.4 million ($1,974 psf). The 20th-floor unit was purchased 14½ years ago in August 2006 for $949,696 ($781 psf). The profit is annualised at 6.5%.It is the third most profitable deal at the development. The most profitable transaction was for a 1,410 sq ft, three-bedder, which was purchased for $1.1 million ($785 psf) in November last year and sold for $2.85 million ($2,021 psf) in May 2006. The seller made a profit of $1.75 million, after a holding period of 14½ years.The Sea View is a 546-unit freehold condominium in Marine Parade on Amber Road. It is in proximity to Parkway Parade and Katong, and is also a short walk to East Coast Park through a nearby underpass.The third most profitable deal of the week was the sale of a 1,033 sq ft unit on the 28th floor of Rivergate, a freehold condominium at Robertson Quay. The seller netted a 106% gain of $1.33 million when the unit changed hands for $2.58 million ($2,497 psf), 12 years after it was purchased for $1.25 million ($1,210 psf) in March 2009. The profit is annualised at 6.2%.Rivergate was developed by CapitaLand and completed in 2009. It comprises 545 units across three 42-storey blocks. It is a short walk to cafes and bars in Robertson Quay and a 10-minute walk to Great World shopping mall. The most profitable deal at Rivergate occurred in January 2019, when a 2,077 sq ft unit was sold at a profit of $2.3 million after a holding period of over 13 years.On the other hand, the most non-profitable deal of the week occurred at Reflections at Keppel Bay. A 1,830 sq ft unit was sold it for $3.3 million ($1,803 psf) on April 1, after it was purchased for $4.32 million ($2,358 psf) in August 2007. The seller therefore incurred a 24% loss of $1.02 million, which is annualised at 2% over 13½ years.The deal is the third most unprofitable deal at Reflections at Keppel Bay. The most unprofitable transaction occurred in January this year, when a 3,380 sq ft unit was sold at a loss of $2.35 million. The seller had bought it in May 2007 for $7.8 million ($2,307 psf) and sold it at $5.45 million ($1,612 psf), making an annualised loss of 2.6% over more than 13½ years.Reflections at Keppel Bay in District 4 is a 99-year leasehold condominium with 1,129 units, across six towers and 11 villa apartment blocks. Completed in 2011, it was designed by award-winning architect Daniel Libeskind. It is a five-minute drive to VivoCity shopping mall and a 10-minute drive to Sentosa.Check out the latest listings near One Amber, The Sea View, Rivergate, Reflections at Keppel BaySee Also: Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools New Launch Condo & Landed Property in Singapore (COMPLETE list & updates) [UPDATE] NTP+ mall at New Tech Park close to 97% leased HDB executive maisonette in Ang Mo Kio on the market for $999,999 Decade-long Batam township project marks Tuan Sing’s magnum opus in Indonesia En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc HDB Resale Flats Up For Sale, Affordable Units Available
