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Post by zuolun on Jun 3, 2014 17:44:28 GMT 7
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Post by zuolun on Jun 7, 2014 16:17:08 GMT 7
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Post by zuolun on Jun 21, 2014 10:31:40 GMT 7
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Post by zuolun on Jun 22, 2014 5:55:20 GMT 7
Beijing housing sales slump 35% — 17 Jun 2014 China National Real Estate Development and Sales in May 2014Chinese Real Estate Sales Could Dive In Third Quarter — 18 Jun 2014 Shanghai Commercial / Residential Estates Collapsing — 10 Jun 2014 China property prices fell 30% after May Day Holiday — 16 May 2014 House prices fell a lot in one of China's 2nd and 3rd-tier cities, Hangzhou — 16 May 2014 Will House Prices Rise by Removing the House Purchase Limit? — 2 May 2014
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Post by zuolun on Jun 23, 2014 10:21:21 GMT 7
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Post by zuolun on Aug 30, 2014 16:15:02 GMT 7
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Post by zuolun on Sept 25, 2014 7:14:53 GMT 7
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Post by zuolun on Oct 14, 2014 7:55:39 GMT 7
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Post by zuolun on Oct 15, 2014 10:30:19 GMT 7
"With China's economy booming for past years (>10% in some years), the Chinese have been experiencing capitalist definition of wealth. I remembered working in Yr 2003 in China whereby a 3-rm condominium unit (company provided) in one of the cities cost about S$60,000 (RMB 300,000). There is a Pizza Hut in Shanghai and long queues for the pizzas (cost RMB100 each for large pizza). I did not check the figure but I believe the same unit now will easily costs S$300,000." — pain In 2005, Han Jing bought a 1000 sqft condo @ RMB 400,000, 6 years later in 2011, it was a multi-bagger worth RMB 2,000,000. Chinese Housing Bubble: A Troubling Update from Beijing — 14 Oct 2011 State-owned Chinese construction firms have been very aggressive for the past few years in Malaysia, US, Singapore, Australia, etc.. Private Chinese developers join in too. A good example of SOC firm will be QingJian. QJ is a state owned Chinese firm set up in Singapore a few years ago. Look at them now. From a pure general builder, they ventured into developer tendering for lands for HDB and private condominiums projects. The other Chinese firm is Qingdao (now in crisis because of copper scandal issues). Recent tenders for the EC project only saw 2 bidders (QingJian & CDL) and QJ won it. Such cases for state-owned Chinese firms are taking place in those countries mentioned. With China's economy booming for past years (>10% in some years), the Chinese have been experiencing capitalist definition of wealth. I remembered working in Yr 2003 in China whereby a 3-rm condominium unit (company provided) in one of the cities cost about S$60,000 (RMB 300,000). There is a Pizza Hut in Shanghai and long queues for the pizzas (cost RMB100 each for large pizza). I did not check the figure but I believe the same unit now will easily costs S$300,000. Bearing in mind, China economy is slowing down to 7%. This figure does not augur well with the party top brass itself. However, if this is the figure for developed countries like US, Japan or even Singapore, the respective state head will pat one another on a good job done in economy. With US$4 trillion of national debt, US has condemned their future generation. Hence, I believe China will take over US one day as the leading economy but in YR2030? My guess is much earlier. Just look at Alibaba Group IPO (Raised US$23 billion). China is the biggest owner of US Treasuries debts. Basically, it 'owns' US so to speak. If you can recall the 80s, Japan was the biggest investor & asset buyer of US skyscrapers, buildings, businesses, shares, etc.. After the property bubble burst, it reverted back to US. In term of land space, Australia stands out as compared to Malaysia. Education wise, Australia provides quality tertiary education with parents sending their kids to Australia Universities. Malaysia ignores English language as teaching language in tertiary studies. Due to Ultra Malay Bumiputra policy, it has also alienated the Chinese population staying in Malaysia (e.g. 2nd rate Chinese citizen, Malay first for university places). The MH370 incident has become a sore point and a low in terms of China / Malaysia relationship leading to a fall in Chinese tourism. China will prefer Australia over Malaysia though China / Aussie relationship has been hot & cold. It is well known that Australia has been chastising China over issues like freedom of speech, human rights, etc.. How about Singapore? No doubt Singapore has insignificant land as compared to Malaysia. However, our infrastructure vested in the various economical pillars especially Finance (Banking, Investment, etc..), IT & Communications, Logistics, Service, etc.. are strong. Since Malaysia is our major trading partner cum neighbour, Singapore has to collaborate for a win-win situation. Hence, big plans for MRT linkage all the way to KL from SG. SG supports the opening up of Iskandar Regions by encouraging SMEs and companies seeking land space to invest there. Now will China abandons Singapore after 5 years and stays with Malaysia because of demand?China has 2 billion population. Malaysia about 22 million (i.e. about the population in Shanghai). If demand is the thing that China is looking for, guess again. China will only go where the money can be made and political influences the country such that they acknowledge them as a world power. But hey, I am just a ordinary person. How will I know what China going to do? Disclaimer: For pleasure reading. No offense / No defence.
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Post by pain on Oct 15, 2014 14:57:52 GMT 7
Wow....too bad I can't buy at that time. A contractor boss did ask me to purchase some piling rigs and become a small boss. If I did that last time, don't know what is the outcome now. Broke or FATA now.. "With China's economy booming for past years (>10% in some years), the Chinese have been experiencing capitalist definition of wealth. I remembered working in Yr 2003 in China whereby a 3-rm condominium unit (company provided) in one of the cities cost about S$60,000 (RMB 300,000). There is a Pizza Hut in Shanghai and long queues for the pizzas (cost RMB100 each for large pizza). I did not check the figure but I believe the same unit now will easily costs S$300,000." — pain In 2005, Han Jing bought a 1000 sqft condo @ RMB 400,000, 6 years later in 2011, it was a multi-bagger worth RMB 2,000,000. Chinese Housing Bubble: A Troubling Update from Beijing — 14 Oct 2011 State-owned Chinese construction firms have been very aggressive for the past few years in Malaysia, US, Singapore, Australia, etc.. Private Chinese developers join in too. A good example of SOC firm will be QingJian. QJ is a state owned Chinese firm set up in Singapore a few years ago. Look at them now. From a pure general builder, they ventured into developer tendering for lands for HDB and private condominiums projects. The other Chinese firm is Qingdao (now in crisis because of copper scandal issues). Recent tenders for the EC project only saw 2 bidders (QingJian & CDL) and QJ won it. Such cases for state-owned Chinese firms are taking place in those countries mentioned. With China's economy booming for past years (>10% in some years), the Chinese have been experiencing capitalist definition of wealth. I remembered working in Yr 2003 in China whereby a 3-rm condominium unit (company provided) in one of the cities cost about S$60,000 (RMB 300,000). There is a Pizza Hut in Shanghai and long queues for the pizzas (cost RMB100 each for large pizza). I did not check the figure but I believe the same unit now will easily costs S$300,000. Bearing in mind, China economy is slowing down to 7%. This figure does not augur well with the party top brass itself. However, if this is the figure for developed countries like US, Japan or even Singapore, the respective state head will pat one another on a good job done in economy. With US$4 trillion of national debt, US has condemned their future generation. Hence, I believe China will take over US one day as the leading economy but in YR2030? My guess is much earlier. Just look at Alibaba Group IPO (Raised US$23 billion). China is the biggest owner of US Treasuries debts. Basically, it 'owns' US so to speak. If you can recall the 80s, Japan was the biggest investor & asset buyer of US skyscrapers, buildings, businesses, shares, etc.. After the property bubble burst, it reverted back to US. In term of land space, Australia stands out as compared to Malaysia. Education wise, Australia provides quality tertiary education with parents sending their kids to Australia Universities. Malaysia ignores English language as teaching language in tertiary studies. Due to Ultra Malay Bumiputra policy, it has also alienated the Chinese population staying in Malaysia (e.g. 2nd rate Chinese citizen, Malay first for university places). The MH370 incident has become a sore point and a low in terms of China / Malaysia relationship leading to a fall in Chinese tourism. China will prefer Australia over Malaysia though China / Aussie relationship has been hot & cold. It is well known that Australia has been chastising China over issues like freedom of speech, human rights, etc.. How about Singapore? No doubt Singapore has insignificant land as compared to Malaysia. However, our infrastructure vested in the various economical pillars especially Finance (Banking, Investment, etc..), IT & Communications, Logistics, Service, etc.. are strong. Since Malaysia is our major trading partner cum neighbour, Singapore has to collaborate for a win-win situation. Hence, big plans for MRT linkage all the way to KL from SG. SG supports the opening up of Iskandar Regions by encouraging SMEs and companies seeking land space to invest there. Now will China abandons Singapore after 5 years and stays with Malaysia because of demand?China has 2 billion population. Malaysia about 22 million (i.e. about the population in Shanghai). If demand is the thing that China is looking for, guess again. China will only go where the money can be made and political influences the country such that they acknowledge them as a world power. But hey, I am just a ordinary person. How will I know what China going to do? Disclaimer: For pleasure reading. No offense / No defence.
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Post by kenjifm on Oct 15, 2014 17:38:40 GMT 7
Never do what you are not familiar with.
How trustworthy is that contractor? muahaa
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Post by zuolun on Oct 17, 2014 11:36:32 GMT 7
"With China's economy booming for past years (>10% in some years), the Chinese have been experiencing capitalist definition of wealth. I remembered working in Yr 2003 in China whereby a 3-rm condominium unit (company provided) in one of the cities cost about S$60,000 (RMB 300,000). There is a Pizza Hut in Shanghai and long queues for the pizzas (cost RMB100 each for large pizza). I did not check the figure but I believe the same unit now will easily costs S$300,000." — pain In 2005, Han Jing bought a 1000 sqft condo @ RMB 400,000, 6 years later in 2011, it was a multi-bagger worth RMB 2,000,000. Chinese Housing Bubble: A Troubling Update from Beijing — 14 Oct 2011 Wow....too bad I can't buy at that time. A contractor boss did ask me to purchase some piling rigs and become a small boss. If I did that last time, don't know what is the outcome now. Broke or FATA now.. Since Jan 2009, China's housing prices up > 40% in 36 cities — Financial Times 2010 Chinese house flipping forms bubble — 23 Aug 2010
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Post by zuolun on Oct 17, 2014 11:44:49 GMT 7
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Post by zuolun on Oct 18, 2014 14:26:40 GMT 7
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Post by zuolun on Oct 25, 2014 9:45:21 GMT 7
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