In 2010, he didn't buy in Hong Kong Island as he said at that time that he thought home prices were already too high. It is 2019 now. That 500 square feet apartment (for 385 m HKD in 2010) should now be worth at least 10 million HKD with harbour view !!!
Ming Sun 香港政府不做事?多少次政府想填海和从新界拿地建房的时候是谁以环保为由反对政府的?香港产业单一?当初香港拿地准备建立香港的硅谷的,可是谁拿去做房地产了?在工业已经转移到内地,以香港的用工成本已经无法拿回来,香港政府为了市民大力发展金融业和旅游业商业为市民提供就业岗位,可是是谁反对内地旅客到港?真的以为香港这个小地方还能继续发展下去?没有了旅游业、金融业和商业,你们还得到什么?内地旅客到港购物到底对香港是利是弊?自己不清楚?没有了客打砸破坏了香港的商业气氛和金融中心地位,你以为你们还会有那么多就业岗位?
I really like this episode. The two brothers have similar educational backgrounds and both are qualified professionals but they each have their own (and very different) investment strategy. IMO, you can't really say which is better; it's still very insightful nonetheless.
06:38: HK$3,850,000 = CAD$494,223 for a 500sq/ft apartment. Damn, Vancouver's housing prices is getting close to HK's. And Vancouver's and Hong Kong's housing problems are similar: the massive invasion of rich mainland Chinese buying up houses/condos en masse and driving up housing prices. Thanks to that, the assessed value of my parent's place in Richmond, BC (one of Van's suburb) increased 50% in JUST ONE YEAR, and had property tax massively increased.