Photo by Ben Oliver
So where would your rather be?
Fresh air or dismal weather fluctuating between hot and cold?
We explore some of these issues in this blog about citizens of
the world with an Asian bent.
WHAT TO BUY?
Seems that Hong Kong luxury residential is on pause for a bit as
global bankers try to find grounding.
The government implemented some cooling measures and mortgage rates
just increased causing a definite slowdown in take up of residential
Meanwhile retail rates go sky high as international retailers from
everywhere wants to capture a piece of the Chinese Money.
The fleeting magnificence of Magnolia
in the back yard this year.
CHASING CHINA MONEY
The global push against high paid investment bankers has slowed down
the growth on luxury residential rents. Also sales at new retail
like Elements ICC in Kowloon are nothing compared to its
counterparts across the harbour at IFC.
Big Brands are chasing Asian money.
Chinese buying Property Globally
SAKE TASTING IN JAPAN
Our resident oencologist and Foodie discovers sakes in Japan
and shares her notes with us.
American's sampling of Sake is from a different perspective.
INTERNET SHOPPING & GLOBAL ASIANS
E-commerce meanwhile is exploding, especially in China. This from
the Chinese make their way back to
Vancouver for the fresh air and ease of commute?
The Avian flu scare is certainly pushing some to reconsider a move
back to North America again.
There is fear that there could be backlash to
the study that more than 25 per cent of Downtown Vancouer condos
are owned by foreign investors. In any event the
connection between Asia and Vancouver is hereby noted.
But growth in the medium to long term is geared to Asia.
Its no wonder that some Asians are divesting their North American
assets to shift funds back to Asia.
Lu Cliff Place in Toronto is
example. That transaction closed for $122 million (cdn).
Meanwhile western pension funds and institutional investors as
sniffing in Asia as the next generation of investors will all be
global. A big NY firm set up a 'rhode scholar'
equivalent, for the annointed individual be educated at the world's
highest levels, in China this time. Global influence is
affected exponentially since the downturn in 2008.
Political and socio economic volatility prevail and therefore
difficult to predict. The low interest environment, high
unemployment and shift in economy is not helping the average
consumer anywhere. We need to be more nimble with our money
and our investments. >>
WHAT THEY WILL DO FOR LOVE
courtesy of New York designer JUSTIN TEODORO
OF MONEY, I meant
Two articles for your to check out:
Socialites Learn Manners
Ho (right), founder of Institute Sarita, gives society wives a
lesson in etiquette at the Park Hyatt Beijing. Photos:
Wu Hailang/Red Door News Hong Kong; Sinopix
They buy more
Bentleys than the British, fill their luxury homes with more
Swarovski crystal than the Swiss and spend more on Louis Vuitton
and Versace than the French or the Italians. But one precious
commodity, it seems, has eluded the citizens of the mainland in
the country's extraordinary rise from developing nation to
economic superpower: manners. >>
Still practising yoga so that I can do an inversion as graceful
this. Sigh... its hard work!
CHINESE BANKS ARE BEING AGGRESSIVE SINCE BUSINESS WITHIN CHINA IS
Good Luck CalendarPublisher:
Choi Gen Po Tong