In high spirits despite post-Brexit hangover
The economic impact of Britain leaving the EU is expected to be limited for the Asia-Pacific region
THE UK property market has been ranked a top five global investment market for decades, and has been a prime destination especially for regional investors from Singapore, China and Hong Kong.
While the aftermath of Brexit is still unfolding, the immediate effects - gyration in currency markets and a US$3 trillion sell-off in global stock markets before a bounce which started last Tuesday - have been a source of concern, we do not believe that this short-term turbulence represents the onset of a new Global Financial Crisis (GFC).
We expect the economic impact of the Brexit vote on the Asia-Pacific region to be limited. The UK is a fairly small export destination for the region, accounting for just about 2 per cent of total exports. While knock-on effects on the EU, which accounts for an esti…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Lucrum Capital looks to sell Killiney hotel site for S$195 million
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction
US Judge approves US$418 million settlement that will change real estate commissions