Tradefair & Financials
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07 Apr 10
23:30
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14 Aug 09
Market conditions, development potential or general info, cheers.
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well mikkad one of my girlfriends is chinese and I have a a couple of chinese frends.Annectdottally they say that mainland china apartments require 50 years of average income and hong kong is even more expensive.Now they are talking average jobs I think.Regardless I think you may find the investment is very high , the rent returns low.Apparently most profits come from re selling the properties.A mainland guy told me his father{ who owns a factory} and his friends are buying and selling properties on a monthly basis and doing very well.
Its just some to consider if you are checking it out. |
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just this afternoon walked a gauntlet of street salesmen outside Hung Hom station (where the trains from mainland China stop) trying to sell property to mainlanders straight off the trains
HK does have a very serious land shortage in the central areas, as well as a government determined to keep the population growing on top of this, you have the low rates courtesy of being pegged to US monetary policy, and the cash-rich mainlanders becoming more and more prominent HK has always had crazy booms and busts in property though, the swings are made even more spectacular by the uber-gambling nature of the Chinese and the fact that HKs interest rate policy is often totally out of sync with its own economy arent bubbles fun? |
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I wouldnt be a buyer
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thank you for your comments, any views on the commerical property side?
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Every time I've looked at HK property I have always decided not to buy and, I think, I've been proven wrong every time.
Btw Sub, aren't you a little surprised to read that Mr Ben has a Chinese girlfrien after all his somewhat derogatory comments about Chinese civilisation.? |
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