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Explore Four Popular Tourist Attractions of Hong Kong

November 26th, 2010 2:01 am

Hong Kong is the perfect getaway for the whole family. Tourists will certainly not get bored since there are plenty to see and do. There are so many excellent tourist destinations to visit and enjoy them. The most popular tourist attraction so far is the local Disneyland which was open a few years ago and which attracts a lot of tourist all over the world.

You can visit a lot of places in this destination but you certainly can’t visit everything in just one setting. Listed below are just four of the most popular tourist attractions to visit.

Disneyland : visiting this destination won’t be complete unless you have visited the local Disneyland. It will be a lot of fun if you are with your family especially your kids. Disneyland is situated in Lantau Island and there are several resorts and hotels that are located near this popular tourist attraction.

It is the first theme park in Disneyland Resort and is owned and managed by Hong Kong International Theme Parks. It was first opened to visitors in September of 2005. The park comprised of four themed lands just like the other Disneyland parks. It has Main Street U.S.A., Fantasyland, Adventure land and Tomorrow land.

Victoria Peak is where tourist can stand and view the whole town of Kowloon anytime of the day. It is situated in the western side of the island and it is the highest point in Hong Kong. Even if it is too far from the action streets of Hong Kong, it is the perfect place for a family outing or for those who just want to escape the busy life.

There are a lot of souvenir shops on Victoria Peak that one can shop to take home or give away to relatives and friends at home. All you need is an eight minute ride up to Victoria Peak through a tram. Although it is an exciting trip during the day, it is more magnificent at nighttime. It is indeed a view to behold.

Ocean Park: This Theme Park has been a favorite for both local residents as well as tourists. There are many kinds of attractions and activities like their popular shark aquarium and other activities like roller coasters and other various rides. Kids would surely love and enjoy a days out in this park. This Theme Park is situated south of Hong Kong Island.

Wong Tai Sin Temple is the most popular Taoist temple and often visited by tourists. It was established in 1921 named after Wong Chuping. This temple is also known as Sik Sik Yuen. Also it is the only temple that provides facilities for wedding ceremonies.

These are just a few of the attractions that you see in this great destination. However, there are still a many more. Perhaps on your next visit you can discover some other parts worth seeing of this municipality.

The Real Estate Market in Hong Kong Today

May 17th, 2010 1:49 am

Now Hong Kong is a Special Administrative Region of China its star is rising as fast as China’s and the entire real estate sector in Hong Kong is benefiting.

The physical geographic restrictions of Hong Kong mean that there is a finite supply of residential and commercial real estate available for sale and rent; and as Hong Kong further strengthens its already robust economic, trade and investment ties with China, the demand for real estate in the region is intensifying.

Competing for space are multinational companies and their massive expatriate employee base, local businesses and local residents, tourists and students. In fact the demand for residential and commercial space in Hong Kong is at its highest today since the glory days pre-1998. Having suffered an acute recession from 1998 until 2003 real estate prices are for sale at deflated costs and are therefore seen as being undervalued which means the real estate

And because the real estate market is believed to be currently undervalued – the wealth of opportunity for profit in Hong Kong’s property market right now is intense.

Real estate investors from around the world are buying into the projected period of growth and are committing substantial funds to the Hong Kong market. In terms of any restrictions placed on foreign investors there are none in Hong Kong…in theory anyone is permitted to purchase property. As with all city based real estate economies property in Hong Kong – though currently considered to be undervalued – cannot be regarded as ‘cheap’. However anyone who wishes to get into the market can get mortgages locally in Hong Kong to purchase and can almost guarantee the rental income they will generate if they choose to buy residential or commercial units to let.

The medium term prospects for the real estate market in Hong Kong are good with analysis showing that the number of renovation and new development projects started in recent years is below what is required for the current level of demand. This undersupply will last for at least the next four years according to expert industry analysis. This has resulted in predictions for property price growth of up to 12% annually for at least the next four years, making the real estate market in Hong Kong today a highly attractive prospect.