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Following up to Message 34200103 this day shall meet with HK semi-governmental authority the Urban Renewal Council that earlier presented us with a redevelopment plan for industrial site in which I have some loft units Message 33460380
The authority must tell us their plan per requirement of law and pay market price +15% in case of forced-buy, or allow us by new protocol to tag to developer auction. Eminent domain is not for true capitalism with communist characteristics.
Essentially, for the old airport site 'they' wish to put up additional phase of ocean side promenade, residential, commercial and retail, to blend into the adjacent old airport redevelopments already underway en.wikipedia.org
Talents from PRC flooding in from north of our border, and they sport higher education degrees and earning sizeable salaries or working for selves.
Am bullish on Freedom Island HK.
Our site Newport Industrial phases I and II is a huge full ocean frontage low rise (4 storeys) etc etc site, cost basis HK$ 900 - 1,200 psf, and we are willing to sell one unit to de-risk the entirety of our holdings at say, big round numbers HK$ 10,000, and hold rest to tag w/ Urban Renewal's auction of site to developers to try to nail 20-30X depending on developer enthusiasm.
Believe such shall be anti-inflationary, anti-prospective sanction war, and anticipatory to stock market kibosh that could and might happen, and and and can be helpful to topping gold hoarding
Yes, unfortunately I was always somewhat agnostic about HK to the point of not 100% committed to HK. Oh well.
Remaining agnostic about gold.
After the meeting with the authorities shall lunch w/ wife and her two banker friends, to talk portfolio design / construction to help deploy her windfall by sale of my gift to her when getting married. Should be interesting, for wife IS NOT a trader but a HODL-er, and she likes yields with blue-sky potential. I figure NEM and FNV are must-have, but must ponder other wagers and think method / pace of deployment program.
I am feeling very productive these days even as not doing a heck of lot, just sitting in front of my computer. I believe gold should be a double between now and 2026, but in USD / HKD terms. Unsure about in other terms.
In the meantime must get sense of where the authorities intend to redevelop 10-15 years from today.
I am not particularly good at doing 2X in 12-months, but quire fair at doing 10X in 10-15 years, and on the outside, 20 years. Call me boring. I appreciate HK governmental authorities' transparency for it helps with the planning process.
