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Hong Kong still has the world’s priciest office rents

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Rents are rocketing up to USD255.5 psf per year.

Knight Frank’s Skyscraper Index reveals that in Q2 2015, Hong Kong, at US$255.50 per sq ft per year, retains the title of the most expensive place in the world to rent office space in a tower building.

According to a release from Knight Frank, meanwhile, London (10.7%) and San Francisco (8.2%) are seeing the fastest rental growth for high-rise offices in the six months to June 2015, reflecting a buoyant occupier market in gateway cities.

Despite the uncertainties in the stock markets and the devaluation of the RMB, Thomas Lam, Senior Director, Head of Valuation & Consultancy, Knight Frank expects Hong Kong to continue to enjoy moderate rental growth with sustained demand from Mainland Chinese companies.

In 2015, around 40-50% of new lettings in Central involve Chinese firms. Meanwhile, Central’s office buildings are aging, with more than 50% of the district’s Grade-A offices being over 25 years old. For some of them, the need for renovation is seen.

Together with the shortage of new Grade-A offices in Central, such renovation will lead to a long-term impact to the district’s Grade-A office supply. Overall vacancy rates in Hong Kong decrease to 1.7% in September, and Central’s vacancy rate was as low as 1.4%, close to the historic low of 2008.

Here’s more from Knight Frank:

Hong Kong will still have the lowest prime yields (2.9%) among 20 global cities in the world by the end of 2015 as office property prices surged in previous years.
Looking ahead, Thomas Lam expects rents in Central will increase no more than 5% in 2016 and rents will slightly drop 0-5% in Kowloon East with abundant new supply in the pipeline.

Despite the concentration of quality stock and attractive rents in Kowloon East, we believe CBD2 cannot replace Central in the short term because only some firms or operations prefer relocating to Kowloon East. In the long term, the emerging CBDs will serve as complements, rather than direct competitors, to Central.

As some significant projects like CBD2, redevelopment of Wan Chai government offices have already been put in place to provide new office space, Knight Frank research shows that, Hong Kong is likely to face a shortage of office space of around 2 million sq ft (equivalent to an office tower of a comparable size to Two IFC) by 2020.

Thomas Lam remains positive about the long-term outlook for premium and Grade-A office buildings in the city, due to sustained long-term demand boosted by the Mutual Fund Recognition Scheme.


If you need Loan, project funding, Bank Guarantee, SBLC, DLC or Letters of Credit please contact us immediately. 
 
 
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LEASING BANK GUARANTEES USD/EURO 5 M +

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QUESTION: WILL THE TERMS OF ISSUING AND PROVIDING REMAIN THE SAME, OR CAN THERE BE CHANGES?
Answer: This is not a regular banking service. The market of providing financial instruments is constantly on the move and we try to obtain best possible terms at any time. So you must be aware that an indication provided today might not be valid and available tomorrow.

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QUESTION: WHAT IS AN SBLC OR A BANK GUARANTEE?
Answer: An SBLC is a Stand By Letter of Credit. A BG is a Bank Guarantee instrument. It has nothing to do with the classical documentary Letter of Credit, which is used for international trading of commodities. An SBLC is the USA format of the well known Bank Guarantee (BG). The SWIFT message type (MT) is SWIFT MT799 for a pre-advice message and SWIFT MT760 for the actual guarantee instrument transmission.

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QUESTION: HOW IS AN SBLC OR BANK GUARANTEE USED?
Answer: SBLC’s (and BG’s) can be used to enhance your ability to apply for a line of credit with your bank; in other words, it can be used as collateral when your bank is asking for additional comfort when you ask them to fund your project.

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QUESTION: WHAT IS THE TYPICAL VALIDITY PERIOD OF AN SBLC/BG?
Answer: The SBLC/BG is generally issued for 1 year and 1 day (With the option of Rolls and Extension), but can easily be extended up to 5 years, sometimes longer. Once issued the SBLC is transferred to your bank via the SWIFT protocol MT760.

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QUESTION: WHAT ARE BASIC CRITERIA FOR AVAILING AN SBLC OR A BANK GUARANTEE?
Answer: To successfully apply for an SBLC you need to be aware of four vital points: You need to have a good project, You need to have a bank funding your project based on the supporting collateral, You need to have the money to pay for the leasing of the Bank Guarantee or SBLC, You need to have a realistic exit strategy to repay the loan and return the SBLC at the end of the term, or renew the instrument, year after year.

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QUESTION: IS THERE A DIFFERENCE IN APPLYING IF MY BANK IS AWARE OF THE LEASING TRANSACTION OR NOT?
Answer: YES, you have to provide an RWA that is bank endorsed indicating that the SWIFT and bank fees are blocked in your account. If your bank is not aware of your transaction, and you cannot come up with a bank endorsed RWA, then you will have to pay a USD/EUR 5,000.00 processing fee, after application and following invoice. This fee will be credited towards a commission payment that will be due after you followed through with the transaction and your relevant obligations.

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QUESTION: ARE THERE ANY ADVANCE FEES?
Answer: The SWIFT and bank arrangement fees will have to be placed directly with the provider and paid into an account as nominated by the provider after executed contracts and before the SWIFT MT799/760 is sent to your receiving bank. This is fully refundable and credited towards your annual leasing fees.

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QUESTION: WHY SHOULD I PAY FOR SWIFT AND BANK ARRANGEMENT FEES?
Answer: Once you have signed the contract with the provider, and the provider accepted you as a potential client and countersigned the contract, you will receive the provider’s corporate refund undertaking and the invoice for the SWIFT and bank arrangement fees are due to be paid. This fee is refundable and will be credited towards the annual leasing fees. As soon as your payment reaches the provider’s designated account, he will block his cash funds or assets for your transaction and applies for delivery of the SWIFT MT799 and MT760 to your bank. The provider will block his cash or assets for your transaction, once you have paid for the arrangements. You will pay for the actual leasing fees only after receipt and verification of the SWIFT MT760 through your own bank within 7 banking days.

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QUESTION: WHAT ARE THESE SWIFT AND BANK ARRANGEMENT FEES?
Answer: Depending upon the size of your transaction, these SWIFT and bank arrangement fees apply:
USD/EURO 10M TO 49M USD/EURO 50,000.00
USD/EURO 50M TO 99M USD/EURO 70,000.00
USD/EURO 100M TO 199M USD/EURO 100,000.00
USD/EURO 200M TO 499M USD/EURO 200,000.00

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QUESTION: WHEN AND TO WHOM DO I HAVE TO PAY THESE SWIFT AND BANK ARRANGEMENT FEES?
Answer: SWIFT and bank arrangement fees have to be placed directly with the provider into his nominated account. The fees are refundable once the client followed through with payment of the yearly leasing fees

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QUESTION: WHICH FEES ARE INVOLVED IN THIS LEASING TRANSACTION OF USD/EUR 5 M TO USD/EUR 250M?
Answer: The Processing Fee – which is only relevant, if your bank does not confirm that you have the SWIFT and bank arrangement fees ready
The SWIFT and bank arrangement fees – which are relevant in any transaction of less than USD 250 million. These fees will have to be placed with the provider and paid into an account nominated by the provider after contract, refund undertaking and invoice, but before the SWIFT MT799/760 is sent to your receiving bank.
The annual leasing fees and broker commission – This is 6% (leasing fee) and 2% (broker commission) which will have to be paid within 21 banking days of receipt of the financial instrument at your receiving bank and verification by your bank.

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QUESTION: WHAT RECOURSE IS AVAILABLE IF AFTER REMITTING THE SWIFT AND BANK FEES, THE INSTRUMENT IS NOT ISSUED?  IS THIS CONCERN COVERED IN THE CONTRACT BETWEEN THE BORROWER AND THE PROVIDER?
Answer: YES, it is covered in the contract and there is a Corporate Refund Undertaking which spells out the refund in the event the instrument is not issued in line with the contract. Also, there is a 1% penalty payment in the event of default on the contract terms, also if the default is on the side of the provider.

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QUESTION: DO YOU STILL LEASE INSTRUMENTS AT $5M LEVEL OR HAS YOUR Q&A SECTION NOT BE UPDATED?
Answer: Instruments can still be leased at USD/EUR 5,000,000 but in that case the provider will have to combine several transactions, which could possibly result in a slightly longer processing period.

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QUESTION: IF THE SWIFT AND BANK FEES ARE TO BE REFUNDED, WHY MAKE THE APPLICANT PAY IT UPFRONT?
Answer: Because these are costs that occur and have to be paid to conduct the transaction of the client. Why should the provider have to advance these fee payments for the client who is the ultimate beneficiary of the service? Would the client’s own bank send a (any) SWIFT message for the client, if the client’s account is not in funds for them to deduct the transmission fees right away?

The Brazilian real is sliding down a painfully familiar path

Brazil’s real hit its lowest level since it was introduced in 1994 to rescue the country from economic doom.

The currency closed at a historic low of 4.18 real to the US dollar yesterday (Sept. 23) as Brazil struggles with some of the same problems of the early 1990s era: high inflation, budget deficits and a faltering economy.

It may be little consolation to Brazilians, but the economic ills back then were much, much worse. In some years, inflation exceeded 2000%.The exchange rate for the real’s predecessor, the cruzeiro real, was nearly 1,800 per US dollar in 1994.

To restore Brazilians’ faith in their currency, a group of economists established a make-believe currency that was linked to the dollar and remained stable in spite of the jittery cruzeiro.

It worked. The fake currency was later replaced with the real, which started its life at near parity with the dollar.

Given Brazil’s ongoing currency woes, it might be time for another confidence booster.

Top 11 Reasons Why We Are Number One BG & SBLC Providers In The World

When you are buying, selling, monetizing, funding or discounting Bank Guarantees, you only want to work with the most reliable, safe, ethical, knowledgeable, honest and efficient providers.

Here are Top 11 Reasons Why LOANS AND INVESTMENTS LIMITED should be Number 1 for you!
 
 
1. Unrivaled Authenticity – We are NOT Brokers! We are Direct to 5 Genuine Performing Bank Guarantee Issuers that are located in London, Dubai, New York and Hong Kong. We are Direct to Monetizers in Europe and Asia. There is no Broker between us and the BG Issuer or Monetizer, we have open direct unrestricted access to the most reputable industry Bank Guarantee and SBLC Providers and Monetizers. We know the signatories and members of the Bank Guarantee Funding Management Team have met Real Bankers inside Real Banks to conclude Real transactions.
2    Results 100% Guaranteed – We only use genuine, proven, authentic providers who are either billionaires, large financial institutions or bankers with over 10 years experience funding Bank Guarantee transactions. If you have a REAL deal, we will close it and bank it!
3    Complete End to End Managed BG Buy / Sell Program – We provide a comprehensive, integrated, prenegotiated, prestructured Bank Guarantee Issuing and Monetization Program with PROVEN providers. Hundreds of people are frantically trying to find a BG Issuer and Funder who will work together…. WE HAVE DONE IT!
4.    Knowledge and Expertise –  The industry is shrouded in secrecy, staked with misinformation and filled with uninformed brokers and clients. We see information as power and  provide you with more detailed information, comprehensive explanations, honest answers and warnings of what to watch out for than almost any others company in the industry! The more informed you are the more protected you are, that’s why subscribing to our newsletter is a MUST. This is also why we offer lengthy Program Overviews on services like our Fully Managed Bank Guarantee Program and Buy Leased Bank Guarantee Program.
5.  No Customer has ever had a failed transaction with us

6.  No Attorney Complaints Letters Ever 

7.  No Govt or Local Agency Complaints Ever Received

8.  No Lawsuits ever filed against us

9.  No Criminal Convictions for the Business in any Country

10. No Criminal Convictions  for any of our Owners in any Country

11. Brokers are Protected –
 We value and appreciate brokers working with us and protect them from any potential circumvention. Brokers can earn up to 1% on each successful transaction or client.
LOANS & INVESTMENTS LIMITED has carved out a reputation for credibility, transparency and responsibility. We care about our customers and their money!
Kindly contact us today for more information.
Skype:       loanandinvestments
NOTICE: Brokers are welcomed, appreciated and compensated. We pay 1% commission to our brokers and company representatives. If you want to be our broker or company representative in your country, just EMAIL us for more information.