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Asia Real Estate Tracker (13-May-2025): ESR, Tokyu Land, Hulic break ground on SG shed
SUMMARY
- ESR, Tokyu Land, and Hulic have begun construction on a new shed in Singapore, helping to boost the real estate market in the region.
- Analysts predict that the drop in the Hong Kong interbank rate will have a positive impact on the market, leading to increased activity.
- China has cut housing loan rates to a record low in an effort to stimulate growth in the market, demonstrating proactive measures to support the economy.
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