Extension of Free Landing Visa Policy Again
According to Thai media, the Thai government has now agreed to extend the free landing visa policy to April 30, 2020, before the visa fee-free policy is up to the end of October this year. This is the third extension of Thailand's visa-free fee policy. Since December 1, 2018, in fact, Thailand has implemented a visa-free fee policy for nearly a year.
True infrastructure maniac, expenditure budget will exceed 1 trillion pesos
According to the Philippine Inquirer, the government's public expenditure on infrastructure will exceed 1 trillion pesos again next year to support the construction plan, with a total budget equivalent to 5.3% of Philippine GDP. As of May this year, 37 of the 75 projects have been approved, with a total amount of 1.56 trillion pesos (about 0.2 trillion RMB), and 22 projects are expected to be completed by 2022.
Tourism generates 41.69 billion ringgit for Malaysia
In the first half of this year, the number of visitors to Malaysia increased by 4.9% from 12.73 million in the first half of last year to 13.35 million. Malaysia's tourism industry contributes 4.69 billion ringgit (about 70 billion RMB) to Malaysia's economy. Singapore, China, Indonesia, Thailand and Brunei consume the most in Malaysia.
Tokyo Circle Housing Index soared
Japan Real Estate Research Institute (JREI) released the June 2019 "Real Estate Housing Price Index (Current Housing)". The index is based on 100 in January 2000. The composite index of the capital circle is 91.72, rising 0.3% year-on-year and 1.62% year-on-year, reversing the downward trend. According to the specific region, Tokyo is 101.45, up 0.47%, Kanagawa is 85.18, up 0.46%, Chiba County is 69.56%, up 0.62%, Saitama County is 74.85, down 1.69%, except Saitama County.
Land prices in Osaka's core business district rose by more than 6%.
According to the LOOK report issued by the Ministry of Land and Transport on high-frequency land use in major cities from April to July 2019, commercial areas in the northern part of downtown Osaka (Sai Mei Tin, Tea House, New Osaka) increased by more than 6%, which is the first time that the increase exceeded 6% in 11 quarters. The Ministry of Land, Infrastructure, Transport and Tourism believes that this is mainly due to the scarcity of new development offices in the region and the increasing demand. Earlier, in southern Osaka and Nampo, there was an increase of more than 6% due to the increase of tourists. This is the first record in northern Osaka.
Greece completely abolished four-year capital controls
According to Xinhua News Agency, Greece will completely abolish capital controls that have been in effect for four years. Greece, once deeply in debt crisis, has imposed capital controls since June 29, 2015, setting a cash withdrawal limit of 60 euros per bank card per day. Analysts believe that the abolition of capital controls will help Greece attract investment and improve its credit rating.
London real estate sales grew 5.2% year-on-year.
According to Rightmove, London's housing sales grew 5.2% year-on-year in July and prices rose 1.3% year-on-year. According to another statistics agency, London's housing sales in August were the highest this year, and high-end property prices in London in the second quarter had risen by 3.1% compared with the end of last year. Sotheby's International Real Estate said the pound was currently at a low level, and as in 2008, investors holding dollars began to undercut the international market in order to diversify risks.
Hong Kong, China
Hong Kong residents favor Malaysia's second home plan
According to the South China Morning Post, 251 Hong Kong residents in China have applied for Malaysia's Second Home Scheme so far this year, while 193 applications were approved in the whole year last year, especially in the last two weeks. In addition to Malaysia, Australia's New South Wales Immigration Department has also received more applications from Hong Kong residents for investment immigration than ever before.