Ming Wei Real Estate Investments

The world has grown accustomed to China being one of the most powerful engines of the global economy. It has maintained a growth rate of more than 10% for five consecutive years while keeping inflation relatively low. Gross domestic product (GDP) increased to Rmb2466bn ($347.79bn) last year, bringing China ever closer to overtaking Germany as the world’s third largest economy. Exports grew by 25% in 2007, imports by 20.8% and foreign direct investment rose 13.6%. Profits at industrial companies rose almost 40% in 2007, the growth in fixed asset investment was up by 24.8% on 2006. The Banker, 7 April 2008.

China is certainly maintaining the sort of growth rate that we, personally, in the UK have never experienced and probably never will. Ordinary Chinese citizens are getting rich at an unprecedented rate. The Chinese authorities have to cope with economic problems (like a huge trade surplus) that will never keep Gordon Brown or Alistair Darling awake at night.

From the SCMP
by Mark O'Neill
Apr 11, 2008

Here your apartment costs a tenth of that in Hong Kong and one-fifth
of that in Macau," said property agent Zhang Huangyuan. "Since they
announced the building of the bridge, we have not had one day off."

Mr Zhang sells properties in Huafa Century City, a development of
800,000 square metres, seven minutes' drive from the spot where the
Hong Kong-Zhuhai-Macau Bridge will arrive in Zhuhai . "The apartments
in this phase cost 10,000 to 11,000 yuan (HK$11,140 to HK$12,250) per
square metre and we have sold over 90 per cent of them. The buyers are
local and from Hong Kong and Macau," he said.

In Zhuhai, developers and property agents are jumping for joy over the
planned 42 billion yuan bridge linking the city with Hong Kong and
Macau. They see it as the best way to sustain for years a boom that
drove sales of commercial property up 130 per cent last year.

Also delighted is the city government, which first proposed the bridge
in 1983, although it no more has the money to pay for it now than it
did then. It sees the bridge as the final piece of a jigsaw to link
the city by rail and road to the rest of China.

I have embedded a number of YouTube videos into the site. These give a really very good idea of what Zhuhai looks like. Just look at <a href="category/main/video">pages tagged with the keyword video</a> to see them. As I add more videos to the site this link will give them all to you, which I hope will also be interesting.

 I don't know how to search for a pair of keywords yet. Please comment if you work it out!

Zhuhai is considered by many Chinese to be 'The Romantic City'. The long road that runs along the coast is called Lovers' Road, and it is said that if you walk the whole length of it with your sweetheart then you will stay together forever. The following video may gives an idea of why the city is considered to be so romantic.

Massage is very popular in Zhuhai. Although some of it is  has the sleazy connotation that is associated with British  'massage parlours' in Zhuhai regular massage, especially of the feet ('reflexology')  is very popular with  men and women, old and young. 

 

This article in the Macau Daily Times gives some extra support to the argument that demand from Macau will drive prices in Zhuhai. The other aspect of the argument is that luxury apartments will give the best return. This certainly has been the story in Hong Kong, and throughout the world, as increased income inequality has driven up the price of positional goods such as property in exclusive locations.

Tourism from the USA and from Europe will also contribute to some demand, although this will me a small driver for some years. The apartments mentioned in the article are of a standard that will be appealing to first world visitors.

Even if the apartments specifically mentioned in this article are fully sold, I am confident that resale apartments there will be available and, certainly, apartments in comparable blocks are available. Please call for details.

The Hong Kong property market, particularly luxury apartments on HK Island, are in very short supply and are set to extremely well this year. Gold and China property remain top of the list of tips for investement for 2008.

 

Location(s)