Category: China and Hong Kong Property related
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Nano flats are wrong. BUT.
The median prices for KL homes as at end 2016 is RM620,000. This is for units within the city centre and it is almost similar to the prices for Georgetown. Do note that this is for city centre. There are certainly areas outside the city centre which is cheaper and I think one main reason…
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China’s richest woman and Australia’s second richest? Property related
A sobering fact indeed. The richest got richer in 2017. Their total wealth went up by A$1 trillion. (RM3.14 trillion) The full article in sbs.com.au here. According to the Bloomberg Billionaires Index, the world’s richest grew their wealth by 23 percent because of global stock market gains and they now control a combined fortune of A$5.3 trillion.…
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Recovery? RM21.83 Billion office tower in HK sold to Chinese state company
This is so huge that even my good friend who is not that interested with property investment sent me this morning. She said, “WOW.” Based on the price for the transaction, this is really a wow. A Hong Kong office tower was sold at a record HK$40.2 billion (RM21.83 billion) to a consortium led by a…
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Dangerous, when property turns unaffordable
The day when no one could afford any property being put up for sale would be the day the property market collapses. Just imagine 100,000 units on the market and not even one is sold… Panic sets in and selling low starts. Likelihood of that happening? Hopefully not but seriously, who would know? Based on…
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1,600 sq ft, HKD 16 million compared to cheaper micro ones..
A top management colleague from my Hong Kong office was sharing with a group of us that it gets harder to own a property in Hong Kong. In fact it gets very tough for fresh graduates as their earning would take them ‘forever’ to own a property unless their parents intervene with downpayment. According to…
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Good news. China’s property market cooling.
Can a cooling property market be good news? I certainly think so. This is especially if the said market is China’s. It is very important for China’s property market to cool down slowly. According to an article in TheStar: China’s housing market likely to continue to cool, says Fitch. The two main reasons contributing to the…
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RM2.8 million for one parking spot! World record. Not in KL…. yet.
How much would you be willing to pay for a car park spot? Assuming this spot is your favourite spot? RM50,000? Well, someone just paid RM2.8 million for one. This is the full article in NST. The price was paid by Kwan Wai-ming, the executive director of Huarong Investment Stock Corp. It is his third parking spot…
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Bad news? China’s credit rating cut because of ‘slowdown in economy.’
We must realise that China is a huge ‘help’ when it comes to GDP growth. As of not, it’s true even for the U.S economy. The U.S relies a lot on China’s willingness to lend when the U.S needs to borrow. Trade wise, it’s not an awesome thing when your biggest or top 3 trading…
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How high can land price actually go?
Occasionally we hear of ‘crazy’ transactions for some small-sized but prime land plots nearby KLCC. Well, how high can land prices be, for these small pieces of land nearby KLCC, say within the next 20 years? I have no answer. However, I would like to share a piece of interesting news which can perhaps predict…
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Marriage provides property affordability, seriously
I was in Hong Hong recently and I was talking to a colleague about buying a home. He has yet to own one and is currently renting but he shared that if one were to look ahead, then the home should not be too small. He was saying that anything above 700 sq ft is…
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When density is just a number, in future.
It was my 4th or 5th trip to Hong Kong. Only this time, it’s free since I was there for a business trip. I love Hong Kong more than other city states when it comes to food. (Yeah, compared to the other two) Let’s not debate, it’s just a personal taste bud which is also…
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The China property market bubble will be ‘deflated’
On numbers, whatever happens in China should affect more ASEAN nations than the U.S. However, the recent currency fluctuations within ASEAN nations has been due to the U.S. and all their actions. (Yes, even SGD is not spared. Read here: Weakest in Seven Years – CNBC. The events unfolding in the U.S includes the new…