heads-up
just in in-tray re dollar, bank, and apartments in this complex landscope.com
On Thu, Apr 14, 2011 at 3:27 PM, G wrote:
Unit (highlight word as this is apartment ) in my repulse bay complex just sold for
247 mill hkd.
59k hkd /sq ft
Approx 4200 sq ft unit, with 2000 sq ft deck. Beautiful views
Buyers are mixed couple. Not mainland chinese.
I wonder where they are an economic refugee from ?
Tokyo or London fund mgr ? Or maybe glencore partner ??
Of course several more units suddenly for sale
Same unit was 120 mill in crisis.
Also my observation , is that most mainlanders not interested in southside for views, greenery. Only if can get independent house, large sq footage etc (as most time they will not live there anyways , or if they do , more into wow factor).
On separate note , I have had it reconfirmed to me by several bankers that there is a global shortage of usd in global system.
And if fed shuts window to foreign banks, this could get interesting.
All asian banks are flush with local currency , to point of being a problem as everyone wants to hold deposit in sing dollar, etc. But banks can not lend out fast enough (as real estate is only bet that locals want local currency to make). Ie everyone else prefers to borrow in usd and own assets in local currency.
G |
