Uoolu Weekly Real Estate News
&amp;#x200B;

https://i.redd.it/60tgkuv1dse31.jpg

**No. 1 Sydney, Australia**

**House prices in Sydney may rise 2.5% in the second half of this year.**

The Federal Bank, Australia's largest mortgage lender, said the housing market was bottoming out and house prices were expected to begin to pick up in the second half of this year and rise by about 3% in 2020. Interest rate cuts, tax cuts, lending standards, population growth and other factors have jointly stimulated market confidence. The agency expects house prices in Sydney and Melbourne to rise by 2% to 2.5% in the second half of this year.

&amp;#x200B;

https://i.redd.it/95hsilu3dse31.jpg

**No.2 Phnom Penh, Cambodia**

**The number of foreign tourists in Cambodia generally increased in the first half of 2019**

According to the latest data released by the Ministry of Tourism of Cambodia, in the first five months of 2019, 2.88 million foreign tourists came to Cambodia, an increase of 11.4% over the same period last year. The number of air tourists reached 2.01 million, up 16.9% year-on-year. Among them, Sihanouk International Airport traffic increased significantly, reaching 240,000 people, an increase of 344.9% year on year. The passenger flow of Phnom Penh International Airport was 920,000, an increase of 17.6% over the same period of last year, while that of Siem Reap International Airport was 840,000, a decrease of 4.5%.

&amp;#x200B;

https://i.redd.it/06wf69r5dse31.jpg

**No.3 Berlin, Gemmary**

**Germany's recession may continue**

PMI in German manufacturing fell from 45 to 43.1, the lowest level in seven years, even below the most pessimistic forecast in the survey. This shows that the manufacturing sector is shrinking further, which also means that the possibility of Germany's economic recession continues to rise. After the release of the data, the euro remained low against the dollar, falling 0.1% to $1.1136. German government bonds continued to rise, with 10-year German government bond yields falling to - 0.38%.

&amp;#x200B;

https://i.redd.it/ermszhk7dse31.jpg

**No. 4 Bangkok, Thailand**

**Nakhon Pathom Plans to Build a New Airport**

Thailand Airport Office said that in order to relieve the pressure of Bangkok's two major airports and reduce the surrounding air traffic congestion, plans to build a new airport 58 kilometers away from Nakhon Pathom (Bangkok, Thailand), is currently conducting feasibility studies. In April this year, the project held its first public hearing. Feasibility study will consider many aspects, such as economy, engineering and environment, in order to select the appropriate site for construction.

&amp;#x200B;

https://i.redd.it/q9d43bz8dse31.jpg

**No. 5 Tokyo, Japan**

**Japan's Most Congested Metro Line Comes Out**

Recently, the Ministry of Land and Transport released the results of the 2008 urban railway congestion survey. In 2017, Tokyo Metro East-West Line maintained the first place in the congestion rate, with the congestion rate between きば Kiba and もんぜんなかちょうbeing 199%. The average congestion rate of 11 main routes in Tokyo Circle is more than 180%, and the overall congestion rate is 163%, which is the same as last year. Outside the capital circle, the congestion rate of Umeda to よどやばしえき (151%) on Osaka Midosuji Line is also over 150%.

&amp;#x200B;

https://i.redd.it/9rknpf7idse31.jpg

**No. 6 Singapore**

**Core inflation in Singapore rose 1.2% year-on-year in June.**

Official data show that core inflation in Singapore rose by 1.2% in June from a year earlier to a new low in more than two years, while overall CPI rose by only 0.6% year-on-year, lower than expected, mainly due to the slowdown in service, retail, electricity and gas prices. Core inflation is expected to be between 1% and 2% this year. Earlier, Singapore's GDP in the second quarter fell by 3.4% annually, below expectations and previous values.

&amp;#x200B;

https://i.redd.it/h7a45vfbdse31.jpg

**No. 7 USA**

**As of March this year, China's home purchases in the United States have fallen the most.**

A report released Wednesday by the National Association of Realtors shows that in the year to the end of March, foreign buyers bought less than $78 billion worth of U.S. homes, a 36% drop from the previous year's $121 billion. The biggest drop was among Chinese buyers, whose purchases fell 56% from the previous 12 months. This has brought new shocks to the high-end real estate market in New York City, Miami and some California cities.

&amp;#x200B;

https://i.redd.it/x3bk9wmcdse31.jpg

**No. 8 Hongkong**

**Hong Kong is expected to reduce the supply of public housing starting in 2020**

According to data released by the Hong Kong Housing Commission, the supply of public housing in Hong Kong will decrease dramatically in the next five years, which will not meet the policy target of 28,000 units per year. It is expected that the supply of public housing will reach the target of 26 800 units in 2018-2019, but from 2020, the supply of public housing will drop sharply to 17 400 units and to 14 700 units in 2023, only about half of the target for that year. Reduced supply is likely to continue to drive up Hong Kong's housing prices in the future.
[{"id": "ew3hea8", "text": "Click [https://www.uoolu.com/?uoolu=bs](https://www.uoolu.com/?uoolu=bs) to know more information about real estate market in every country.\n\nVisit [seller.uoolu.com](https://seller.uoolu.com) to sell your property across the globe.", "replies": [], "depth": 1}]