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Archive for May, 2009

Real Estate Market in Hong Kong

Tuesday, May 26th, 2009

The island’s north side is the first place that comes to mind when looking for Real Estate in Hong Kong. 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 market is in a great position right now to grow and expand.

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.

Fishing In Hong Kong – If You Are Looking For Reel Fun

Monday, May 11th, 2009

Hong Kong offers unlimited tourism attractions – exciting night life, busy exotic markets, and some of the best fishing in the world. Located on the Pacific Coast, Hong Kong is surrounded by ocean, making for excellent salt water fishing. And Victoria Harbor hosts many islands and smaller natural harbors that are home to a wide variety of fish species. Popular fishing harbors include Kwun Tong, Kowloon, Tsim Sha Tsui, and Hong Kong Island.

Being an ocean port, Hong Kong offers excellent salt water fishing. Fish are plentiful throughout the harbors. And even in this highly populated area, you can find quiet peaceful fishing on the peninsula of Stanley. Stanley contains an open-air market where your family can find an amazing array of inexpensive Chinese clothing, souvenirs, arts, and crafts while you enjoy fishing in Hong Kong. You can fish off one of the beautiful Stanley beaches.

Local anglers say some of the best fishing in Hong Kong can be found at Lamma Island and the Sai Kung peninsula. These scenic spots recall traditional Chinese fishing villages, and you can find dependable charter boats. You can get to Sai Kung by car, taxi, or bus. Lamma Island is a short boat-ride southwest of Hong Kong Island. The ride costs from $25 to $50 US. Lamma Island is a great spot for rock fishing.

Salt water fishing in Hong Kong is like salt water fishing everywhere. Use your old familiar techniques or try deep sea fishing from a boat or surf fishing. You can also do plenty of fresh water fishing in Hong Kong. Nearby reservoirs offer carp, Big Head Tilapia, and edible Goldfish.

If you’re planning a trip to China, you’ll find some great fishing in Hong Kong. The area is full of wonderful sights and sounds. Tourists find and endless supply of attractions, so your family will never get bored waiting for you to bring home your catch. The surrounding area is spectacularly beautiful, and fishing in Hong Kong is an adventure you’ll never forget.