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Recent reports out of Hong Kong relate an interesting trend: it seems that land values are on the rise to the [url=http://www.gotprintsigns.com/abercrombiepascher/‎]abercrombie soldes[/url] tune of thirty three percent. Hong Kong is already widely regarded as one of the fastest growing cities in [url=http://www.jeremyparendt.com/Barbour-Paris.php]barbour pas cher soldes[/url] the world, economically, but numbers like this reveal one of the sectors in which that growth is happening the fastest.
One of the transactions attracting the most attention from economists and analysts is the purchase of new office space in the suburbs of Hong Kong by Sun Hung Kai. Sun Hung Kai has operating capital in the billions, so one [url=http://www.0527home.com/forum.php?mod=viewthread&tid=2847124&fromuid=22068]hogan outlet Proteins and Weight Loss - written by Ricky Hussey[/url] might not think a routine property purchase by them would attract all that much attention. This one has, however, precisely because Sun Hung Kai reportedly paid 3.37 billion Hong Kong dollars for the 130,000 square foot space. This [url=http://forum.nativeamericanencyclopedia.com/discussion/43422/moncler-sito-ufficiale-is-pilates-all-that-it-will-take-to-get-rid-of-my-back-pa]moncler sito ufficiale Is Pilates All That It Will Take To Get Rid Of My Back Pa[/url] is the equivalent of 434 million US dollars, and is more than 100 million US dollars over [url=http://www.jeremyparendt.com/jimmy-choo.php]jimmy choo paris[/url] industry projections of what the property might be worth. Elsewhere throughout the city, it's said that prime real estate is going for as much as 700 dollars per square foot. Clearly, real estate and land value is in the midst of a prolific boom.
Amidst this growth, however, there is some skepticism. Certain economists are worried that the soaring costs of real estate reflect growth that outsizes the real growth of the local economy, creating a bubble that is doomed to burst, and there have even been some measures posed to city government that would slow down the rampant acquisition [url=http://www.ebay.com/itm/aw-cgi-/160623306404?clk_rvr_id=401952862072]hollister deutschland Lower M[/url] of property with a boost in fees. Fortunately, others such as Kelvin Lau, an economist with the Standard Chartered Bank, feel that here's no reason whatsoever to worry, and that the growth being witnessed is solid. He points out, as an example, Hong Kong's current mortgage debt servicing ratio of 36%, a dramatic decrease from the country's 20 year [url=http://www.jeremyparendt.com/Hollister-b5.php]hollister france[/url] average of 52%. If Hong Kong were in store for a bubble-bursting crisis in the real estate sector, this number would surely reflect it, even if profit margins did not.
For those of us interested in what Hong Kong has to offer enterprising businessmen and women, this rapid growth may come as little surprise. As recently reported in this blog, the Hong Kong Companies Registry just logged its 1.5 millionth incorporation, establishing the country as one of Southeast [url=http://www.osterblade.com]moncler outlet[/url] Asia's preeminent hot spots for economic growth, and, thanks to low taxes and fees, and a relatively streamlined corporate process, an ideal environment in which to open up shop.
For those [url=http://www.rtnagel.com/airjordan.php]jordan pas cher[/url] eager to move their business to this jurisdiction, or looking to set up a business here from the ground up, this growth in land value provides even more reasons to rejoice. As land value goes up, stock in land development companies and builders is projected to rise right along with it. On the other hand, While manufacturing and export have previously proven the most lucrative industries in Hong Kong, this news provides yet another exciting avenue for the entrepreneurial spirit to prosper in Southeast Asia.
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Hong Kong Land Values on the RiseArticle Summary: Recent reports [url=http://www.mxitcms.com/abercrombie/]abercrombie milano[/url] out of Hong Kong [url=http://www.mxitcms.com/abercrombie/]abercrombie[/url] relate an interesting trend: it seems that land values [url=http://www.tagverts.com/barbour.php]barbour deutschland[/url] are on the rise to the tune of thirty three percent. Hong Kong is already widely regarded as one of the fastest growing cities in the world, economically, but numbers like this reveal one of the sectors in which that growth is happening the fastest.
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