Hong Kong Real Estate Industry
China and Hong Kong have evolved into fiercely competitive economic superpowers on the international scene across several markets and industries. This has become none more apparent than in the real estate market, which has experienced a recent "boom" in both Hong Kong and China, and seems to be proving some longevity. Although both of these countries are experiencing an influx of foreign investment in residential and commercial real estate, there are vast differences between China and Hong Kong, which are highly influential in investors' decisions regarding whether or not to purchase land, commercial buildings, or residences in these countries. In particular, China and Hong Kong differ substantially in factors relating to political history, especially in regards to Hong Kong's transition since 1997 into one country with two systems, having to compromise new Chinese authority with old British influenced rule of law. Other key factors in the attractiveness of the real estate markets in China and Hong Kong include differences in experience as free markets, supply limitations, currency strengths and weaknesses in comparison to the American Dollar, and varying inflations. The following discussion will center on factors that essentially make Hong Kong a more attractive location for investment in residential real estate than Mainland China.
It is highly apparent that the real estate industry has experienced an influx of foreign investment, but it has often been speculated that this is merely a bubble on the verge of bursting sometime soon. Individuals involved in market speculation, such as Jim Chanos, voiced a bearish prediction a while...
Real Estate Industry Analysis The residential real estate industry has been surprisingly resilient in light of the current economic situation. Over the previous two years residential real estate purchases registered into the double digits, while these numbers are down, the market for real estate is anything but out. At a glance, it would appear that realtors do not even know that a recession exists as new properties are springing up from
Evidence of this can be seen in several industries in which Hong Kong is not longer as competitive as it once was (Edmonds, 2004). There are several reasons for the diminished international business reputation Hong Kong has experienced in recent years. Like other countries Hong Kong has been affected by the problems present in the overall global economy. In addition, the political climate in Hong Kong has changed the level
This shift in Hong Kong's economy as a response to a more open Chinese economy has been explored in detail by economists and academics. This relationship is reciprocal and not one-sided, as China benefits from increased numbers of jobs and industry that are imported from Hong Kong, and Hong Kong benefits from the increase in service jobs and a higher quality of life and income provided by the move to away
Human Resources Management: How to Improve Minimum Wage Policy Management in Hong Kong The objective of this research is to analyze the advantages and disadvantages of minimum wage legislation in Hong Kong. When hike minimum wage can help lower skilled worker. This study will conduct an evaluation of the minimum wage hiking and how it can help the lower skilled workers and will additionally compare benchmarking minimum wage legislation with other
In addition, special events should reflect the totality of the target market. Southeast Asian cultures have water splashing festivals for example, which could be used as an attraction to the park. The objective of the festivals should be to drive repeat business, and to give all visitors the sense that they have experienced something special, beyond just the normal park experience. The third recommendation is to utilize membership clubs. These
462). It is small wonder that some insurance companies understand the risks of insuring lives and the accompanying cash surrender values of a life insurance policy. In a prime example of how some insurance companies were caught up in the evaluation game is the case of AIG, the company that forgot that the value of its stock, or the value of the company was based primarily on a fair value,
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