on possibly front role seating, i might be witnessing a prelude to what might happen in all prospectively hyperinflating domains
i have always thought of hong kong as a leading indicator to some possibilities elsewhere in the world
as our money is hard-pegged to the usdollar, our economy is tied to the world economy, and our assets are affected in value by whatever happens everywhere else but particularly china (i.e. china bubbles, we bubble; china cracks down hard on bubble, we bubble harder as the liquidity squishes to and through hong kong; china crashes, we keep bubbling as refugees come ashore)
as the world's folks of some means seek out rapidly dwindling havens of fiscal positive balance which are not answerable to brussels and washington d.c., thus removing zurich and singapore from the competition, and under sovereign nuclear protection of true capitalists, hong kong then ranks high as a point of destination
just cleared from tray
From: J
Sent: Thursday, August 30, 2012 9:14 AM
Subject: Re: Comments - Week of August 27
very reasonable, given the 2.9 yield on aaa+ rated locale as compared to ccc- t-bills, prospective currency re-rating, the prospect of euro and n.american refugees joining displaced mainland chinese, and 2.7% commercial financing rate / 2.1% mortgage rate, all under traditional english common law where the legislators have zero incentive to change rules and break promises
if the lease is brand new, then for all we do cannot know the deal could involve money-washing / capital-diversification by some mainlander needing hk dollars and albert needing rmb, yielding a handsome fee for somebodies from the get-go
as folks around the world must seek out territories of positive fiscal means to shelter from the grab-fest coming their way, hong kong's merit would eventually even make the french who wrongly re-domiciled to britain take notice
From: M
Sent: Thursday, August 30, 2012 9:02 AM
Subject: Re: Comments - Week of August 27
Let's do the math.
Purchased for HK$363 million or US$46.5 million for 750 sq. ft.
That is HK$484,000 per square foot or US$62,000 per square foot.
Rent is HK$10.56 million or $1.35 million per year for 750 square feet
= $14,080 psf or $1,805 psf per year in rent.
Yield is 2.9%.
Wow.
M
Hong Kong Standard:
Albert Yeung Sau-sing is on a roll despite the retail property market
bubble engulfing the territory.
His property unit, Emperor International Holdings, yesterday bought a
ground-floor shop in Haiphong Road, Tsim Sha Tsui, for HK$363 million.
The 750-square-foot unit, purchased from investor Liu Jun, is
currently being leased by a Singaporean barbecue meat chain - Bee
Cheng Hiang - for HK$880,000 a month.
Yeung's jewelry arm, Emperor Watch & Jewellery (0887), said it is
looking to open a new shop on Canton Road.
In fact, the unit just bought by Yeung is only one block away from the
road, a favorite shopping haunt for the mainlands' nouveau riche. |
