Category: China and Hong Kong Property related
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AIIB: Great initiative and poised to ‘grow’ infrastructure ASIA
This is an initiative I love and support a lot. The Asian Infrastructure Investment Bank with an authorised capital of US$100 billion is progressing well. 57 prospective founding members are expected to sign the Articles of Agreement for the formation of AIIB by year end. Malaysia is one of the member nations and it includes…
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Glass bottomed bridge in China, don’t look down!
A new bridge is about to open in China. The Zhangjiajie Grand Canyon Glass Bridge. It’s going to tell the world that China may be building the scariest pedestrian bridge in the world! It is a glass bottomed bridge and it covers 300 metres above the ground. Width of the bridge is 6 metres. So,…
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You can only visit once per week. Shenzhen – Hong Kong.
Nothing to do with relationships or divorce settlement. It is what was implemented by China for residents of Shenzhen city with regards to their visits to Hong Kong. There were no restrictions but now, Shenzhen residents can only visit Hong Kong once per week. One major reason stated was that there were too many Shenzhen…
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US$100 Billion new Asian Infrastructure Investment Bank
I wrote about this a few weeks back. I like this new initiative from the second largest economy in the world as well as the country with the highest level of currency reserves in the world, China. Read here: Asian Infrastructure Investment Bank: (AIIB) Sorry, I do not like just a few of these ‘last…
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Hong Kong is VERY expensive. Fresh cooling measures!
At a time when China is implementing ‘warming’ measures Hong Kong is thinking of more cooling measures. Some countries are feeling the effects of cooling measures implemented earlier including Singapore and Malaysia and the developers have started to ask that these cooling measures be relaxed. Latest one would be Singapore where its developers asked for…
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China, the new ‘World Bank’?
Yes, you read it right. I think China is becoming the new ‘World Bank’. Is it a good sign? I think for many, this is not a good thing, especially for the IMF and World Bank supporters. For me personally, yes I would love to see China rivalling both of them or even exceeding these…
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Excess properties? 13 months to sell off.
As written earlier, due to the worry that the property market may have become too cold and become a danger to the whole economy, China has started to ‘warm-up’ its property market. Read here: China’s Property Market Rescue Package Deployed. This is insufficient as per China’s largest residential developer, Vanke. In fact, only the two major…
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IOI buying 101? STOP.
A few days ago, it was reported that IOI Properties Group is looking to buy Taipei’s 101 Tower. A little too coincidental? IOI and 101? Haha. Actually, some of us might have even mistaken them to be the same word. The stake is worth RM2.74 Billion and it will allow it (IOI Properties) to own…
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Singapore beats both China and Hong Kong in buying overseas real estate
Singapore is ASEAN’s largest financial market, without any doubt. However, compared to China or even Hong Kong, it is still smaller. Nevertheless this does not stop it from beating both China and Hong Kong in investing overseas. According to Real Capital Analytics (RCA), Within the first 9 months of 2014, Singapore entities invested US$9.8 billion…
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Already MOST unaffordable but prices will continue rising?
Which is the most unaffordable property market in the world today? Hong Kong. Who said so? US-based Demographia based on their survey. According to them, Hong Kong’s median hoe price was more than $S4.02 million compared to the median income which was only HK$270,000. Few weeks ago, Malaysia was said to be severely unaffordable at…
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Second behind Hong Kong is still pretty amazing, really.
A report by Cushman & Wakefield said that Singapore is the second most preferred outbound destination in Asia by mainland Chinese investors. The main reasons include an abundant liquidity among wealthy investors, investment institutions and developers, coupled with the currently strong renminbi. Another reason was because of the slowing real estate market back home in…
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MM2H? Roppongi @ Cyberjaya for Hong Kong retirees.
MM2H targeting 70,000 Hong Kong retirees. Have you been to Hong Kong? I have personally been to Hong Kong 3 or 4 times. I love it everytime I am there. Lunch becomes cheap if you wait until after 230pm. Hotels are not that great due to the prices but I love Hong Kong food, sights,…