the business case is, i guess, a need where there is not enough
the not-enough is determined by the folks w/ need
we are still building infrastructure in 'over-built' hong kong, and just the other day the subway station at ocean park on southside opened up, a 15 min ride from where i call home, and even better, the line serves the place called wong chuk hang where we of the faith wagered much on industrial estate property since 2007, chronicled on this thread 2007 - 2012
we started accumulation at hk$ 900 psf, kept adding until hk$ 1,800, and the stuff now transacts at hk$ 6,500
we are waiting for hk$ 13,000
in the mean time the stuff yields 7% on cost, and the market is liquid, vacancy @ zero
infrastructure rollout is very good, the more the better
to say enough is to hard-stop civilisation-rollout |
