hello rolla coasta, where be you these days?
i find myself in fortunate position of having steadfastly refused to agree with your micro view on hk real estate, especially the industrial properties i championed and the ocean frontage units you poopoo-ed, and so vociferously too.
hong kong was never about micro. hong kong had always been macro squared.
the good news is that those industrial lofts which the gold citadel club led by yours truly bought at between hkd 900-1750 psf within the past 36 months are now at ask by others in neighborhood at hkd 4000 psf and transacting at 3500 per same square feet. some kind of wonderful, and still so inexpensive relative to 5-minutes nearby ocean front residences selling at 40,000 psf.
frankly, i think the 40k psf is also a bargain, considering the true nature of hong kong rock, politically stable, economically dynamic, socially flexible, infused with true freedom and genuine meritocracy, and soaked in diligence, education, thrift, and family value.
is chinese communism not fantastic when intersecting american capitalism?
if you are still in hong kong, i hope you managed to position yourself correctly by following my lead, because the 'bubble' has not even started yet given the truth that hk real estate is trailing gold by a small decimal, meaning the future is attractive.
macro speaking: all the tyranny that must be applied in oecd to paper over a biblical mess shall merge with all the sustained dynamism of once-in-600-years systemic reset in china and reversion to the 35% global gdp mean should combine to do wonders to little hong kong, at the focal point of all the shine, heated white hot.
;0)
cheers, tj |
