|
|
Hard hit assets hurt the wealthy most
Damon Ho
12th November 2022
Stepping into the fourth quarter, Hong Kong is hit by all kinds of unfavourable factors including the negative effect of the covid-19, the quarantine policy, Ukraine war, the Federal Reserve aggressively hiking interest rate policy, the slumping stock market, and the turbulent foreign exchange markets. The wealthy class suffers the perfect storm of the economic downturn. Undoubtfully, the net worth of their assets has diminished in a significant amount.
Four major assets’net value are in the downturn. The residential price has fallen to 10% in general. If the smart’s owners sold their own unit last year and brought British pounds for investment, their loss is approximately 20%. Someone might buy the tracker fund instead of holding the pounds. However, the consequence is worse, and the loss is exceptionally high than thirty percent. The US stock lovers also suffer 15% loss in average, and half of them may lose more than 30% by picking the worst performance stocks.
Middle class family normally owns its self-use residential unit. The net worth of this unit is about 10% lower than a year ago. This  kind of family also has a certain amount of cash to invest in foreign exchange and stock market. Due to these amount assets are not significant to their total assets so their losses are almost neglectable.
The wealthy is unlike the middle class. Firstly, three or more business industries are endangered, and they are hardly not in red in the economic downturn. If their holding companies are listed company, their net worth diminished 30% in average. Moreover, if these are Hong Kong listed Chinese property companies, five or more of them have been suspended trading in Hong Kong stock exchange for months. Though the others are still trading but their market value is only half a years ago. In fact, those major shareholders of these companies are at the edge of bankruptcy. Besides, the wealthy loves to invest the shop premises. Unfortunately, the market value of this kind of property has plummeted 40% or more in recent years. In general, the overall loss of their assets is approximately 30%.
It is obviously that the wealthy is moving downward in total asset value. Furthermore, these assets value’s adjustment is far more than the middle class which they own. In addition, the middle class who is staying in Hong Kong benefits for the brain drain and the business owners will raise their salary to a higher level due to the loss of skilful workers. In near future, the wealthy may face a tough situation than ever before. Their assets value will further downward in a steady speed.
|
|
|
| |
|
|
| |
|
|
|
|
|
1. Hotels investment draws attention 2022-11-12 13:10:48
|
Investors keen on putting their money into Hong Kong real estate must keep their eye on hotels because regardless of whether the border to the Mainland reopens or not, they will still gain from the asset "box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; font-size: 18px; font-family: "pt serif", serif !important;">Since hotels can be transformed into long-stay apartments or co-living spaces, it can benefit from strong local demand for rental accommodation. The rental yield of hotels turned apartments or co-living spaces could reach 3% to 4%.
|
|
2. Canada needs immigrants 2022-11-12 18:13:57
|
Canada will boost its immigration targets, hoping to welcome a record numbers of newcomers in order to address a worker shortage, immigration minister Sean Fraser has announced. "Canada needs more people," Fraser said.A large chunk of the population is heading into retirement, according to recently released census data, with one in seven people in Canada between the ages of 55 and 64 years old. And businesses are facing the largest labor crunch on record, with an all-time high of one million job vacancies recorded in March.
|
|
3. 中國富豪資產大減三成 2022-11-12 18:54:14
|
最近的中國富豪榜顯示，首十位的中國富豪，過去一年總資產值的減少，平圴達三成。
|
|
4. 劍聖 2022-11-13 07:21:26
|
The property asset will be decreased 15% in this year. And 15% decrease if high interest rate keep in 2023. However china and jong kong only logistic open.
|
|
5. New،project ready for sale 2022-11-13 08:09:35
|
Several new property projects are ready for sale as the city looks forward to the new policy address, hoping for support for the local economy and property market Six new projects of about 2,200 flats are being prepared for sale, according to Sing Tao Daily, the sister publication of The Standard. Two are on a large scale and each provide 600 flats for sale: Henderson Land Development's (0012) One Innovale phase 3 at Fan Ling, and Sun Hung Kai Properties' (0016) Silicon Hill located at Pak Shek Kok, Tai Po.
|
|
6. UK Rents Record High 2022-11-14 10:40:48
|
Rents in the UK hit a new record for the third quarter, while city tenants seek to move into studio flats amid stretched budgets, data from Rightmove shows. The UK's largest property website found that the average monthly rent across the country, excluding London, was 1,162 (HK$10,500) from July to September, up by 11 percent in 12 months and by 3.2 percent since July. The rise in the third quarter marks the third time that the rents have climbed by upward of 3 percent in a three-month period, but it was still lower than the 3.5 percent increase during the April-June period.
|
|
7. 強積金輸死未天光 2022-11-14 15:22:04
|
雖然近日中港股市及美股反彈，不過能否全面收復強積金今年失地仍是問號。按強積金諮詢機構GUM數據，十月份強積金人均蝕6330元，年初至10月份，強積金人均蝕62422元。 不少強積金熱門之選，都成為蝕錢重災區。由年初至10月份，大中華股票基金累蝕42.6%、港股基金累蝕39%、港股（指數追蹤）基金累蝕35.4%、亞洲（日本除外）股票基金累蝕30.8%、環球股票基金累蝕23.5%、北美股票基金累蝕22.1%。
|
|
8. 香港全球最多富豪 2022-11-15 09:36:02
|
香港作為國際金融中心，是不少富豪的理想居住地。財富研究機構Wealth-X發表最新報告指出，香港的超高淨值（UHNW，即財富淨值3000萬美元以上，折算相當於超過2.34億港元）富豪人數多達15235位，以城市區分冠絕全球；緊隨其後是紐約，有14235位；洛杉磯以7715位排名第三；第四至十名依次為東京、倫敦、三藩市、巴黎、芝加哥、華盛頓及達拉斯。
|
|
9. 龍床盤大蝕讓 2022-11-16 10:31:09
|
自政府放寬按揭後，主打納米樓的半新盤續錄二手蝕讓個案，其中屯門「龍牀盤」菁雋最錄得蝕幅最大宗的二手成交。市場消息指，菁雋17樓2室，實用面積169方呎，屬開放式間隔，以250萬元沽出，實呎14793元。
|
|
10. 傲玟突停售 2022-11-16 13:35:53
|
延後交樓接近一年、終於近日重啟現樓銷售的何文田傲玟再出現波折。代理消息透露，原由高銀金融前主席潘蘇通私人持有的傲玟，新近由羅兵咸永道會計師事務所正式接管，並停止開放現樓示範單位。事實上，傲玟上周公布最新銷售安排，昨日起招標出售31伙分層戶，惟未錄得成交，發展商今日公布終止相關銷售安排。
|
|
11. Public housing waiting time extending to 6 years 2022-11-16 14:55:32
|
Hong Kong’s poorest families hoping to live in more spacious houses can bid their dreams goodbye because the per capita living space issue in the city will not be resolved anytime soon, especially after theaverage waiting time for public housing was extended to a record-breaking 6.1 years by end of March. Waiting time is defined by the Housing Authority as the “time taken between registration for PRH and first flat offer, excluding any frozen period during the application period.” The 6.1 years was the longest average waiting time in 23 years, according to JLL. By June, however, waiting time was slightly reduced by 0.1 to 6 years.
|
|
12. Citic Won the bid 2022-11-17 09:14:09
|
Might & Right Limited, a CITIC Pacific subsidiary, won the bid for a non-industrial site in Kwai Chung, the Lands Department revealed. In a government statement, the tender for Lot No. 515 at Lai Kong Street was awarded for $1.1b. The site has an area of over 3,880 square metres (sq m) and can be developed for sites such as godown, hotel and petrol filling station.
|
|
13. 二手蝕讓達11% 2022-11-19 00:18:48
|
樓市氣氛疲弱，樓價繼續向下尋底，令蝕讓個案增多。利嘉閣地產綜合土地註冊處資料所得，2022年10月全港1607宗已知上手購入價的二手私人住宅買賣登記中，共錄186宗虧損，佔比突破一成，高見11.6%，創逾13年的按月新高。
|
|
14. HK economic downturn 2022-11-19 17:02:00
|
Hong Kong’s economy would next year grow slower than previously expected, as the territory struggles to dig itself out of a likely deep contraction this year, economists said. GDP is projected to grow 2.7 percent next year, a Bloomberg survey of economists showed. That is down from an estimate in an August poll of 3.5 percent growth.
|
|
| |
|
|
App下載
