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Forget Condos, Buy Car Park Spaces

Category: Real estate, Posted:21 Dec 2012 | 06:00 am

While Asia's prolonged real estate winning streak spirals upwards, one sure sign of maturity is the drift into specialty products.
According to a Reuters news report Hong Kong property players are buying up car parking spaces at a frenzied pace.
In some facilities spaces go for upwards of USD400,000 and rental yields are robust. Fears of a bubble are now being voice out within the industry.
Hong Kong's government recently took a series of measures to cool down its red-hot residential market and now anxious investors have developed an appetite for alternative places to park their money.

Other News

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Phuket Lifts Travel Restrictions For Bangkok Travelers

Category: Tourism, Posted:24 Jan 2021 | 20:35 pm Good news. Phuket province has eased travel restrictions for visitors from Bangkok and Samut Prakan to the island. The move effectively removes the 14-day quarantine period. A key catalyst in the policy change has reportedly been expected high levels of travel during the Chinese New Year period next month. Travelers are still required to use […]
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Go Ahead. Get Your Ya-Ya’s Out

Category: Tourism, Posted:17 Jan 2021 | 06:00 am Close your eyes. Go ahead. Remember a time when you were young. The magic as a kid, taking blankets, sheets, or even boxes and creating a fantastical tent or unique crazed getaway in the house. Letting your imagination go wild and take you on a journey to incredible places. Or pitching a tent in the […]
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Is Thailand Ready For Legalized Gambling?

Category: Tourism, Posted:16 Jan 2021 | 13:38 pm Topping Thailand’s economic news are comments by the Prime Minister that he is willing to consider opening up gambling, according to the Bangkok Post. With the Thai economy struggling at funding an economic recovery process that has been under extreme duress by Covid-19, the question now will the pandemic be an accelerator of a long-lasting […]