(24-03-2019, 12:23 PM)Scg8866t Wrote: Not forgetting hk residential land is at most 70years lease, while sg land has freehold option ie no depreciation in land value over time.Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such transactions.
Cant compare with Malaysia as Sg is AAA credit rated with a much higher gdp per capita coupled with a very small land which I feel matches HK the most in terms of land size, chinese predominant, corporate governace and international attractiveness. Foreigners now i feel prefer sg to hk because many westerners dont like to put their money under indirect watch of China.
Sg has 1trillion usd in foreign reserve there abt, dont think its fair to compare it with any asean countries ard it. In terms of sg’s location, i think its one of the best in the world, thats why our ports are still one of the busiest in the world. Own view.
http://bit.ly/2XJWooF
Hk tycoons moving wealth to Singapore due to the potential extradition law in HK. If this continues on a larger scale it might affect sg property prices hmm.