Property vs Time deposit

ndt · 26-09-2023, 10:20 AM

I was going to say you seem to be almost there around 90m considering your time here before and now..

periphery831 · 26-09-2023, 12:29 PM

Originally Posted by pin:

If you had hkd100M you would use leverage and would not buy it all in cash.

How would you use leverage?

shri · 26-09-2023, 12:36 PM

Originally Posted by periphery831:

How would you use leverage?

Buy 100M worth of property, with 50M downpayment and the rest as a mortgage ... or whatever ratio you feel comfortable with. Or use 100M as a downpayment on 1000M worth of developer financed property or something like that.

Morrison · 26-09-2023, 02:35 PM

Originally Posted by shri:

The corporate tax dodge (triple Sandwich with two salami slices and mayo..) is different from the with holding tax issues which are specific to non treaty locations like HK.

https://www.investopedia.com/terms/d...20in%20Bermuda.

HK is not a non treaty location. There are tax treaties in place that cover dividend withholding tax rates for individual investors, just not with the U.S.

RobRoy · 26-09-2023, 04:07 PM

Originally Posted by Mat:

If I have 100m HKD, I am not spending my time on Geoexpat...

Why not, its should be the opposite, the closer you are to 100m the more time you can afford to spend? Otherwise get out there and make some more $$$

mpbk · 26-09-2023, 09:50 PM

Originally Posted by shri:

In the nicest possible way... I hope u never make it to 100M..

I'm already working on my second million.
Gave up on the first.

ndt · 27-09-2023, 09:14 AM

So many ironies and lines to underline here but anyway this or part of it might be available for 100M.. Good potential for rental value going back to 7.5M/Month in 2025 or 2055.. HK is back baby!!

A building in Causeway Bay, vacant for nearly a year, has been leased by British developer Berkeley Group to exhibit its UK residential projects - for one month.

The rent for the property at 22-24 Russell Street, which has a total area of approximately 8,740 square feet, is about HK$800,000 or HK$92 per square foot.
According to records the location was previously rented by La Perla in 2015 for HK$7.5 million per month.

Esprit's rent was reportedly around HK$250,000 for a three-month lease, concluding in October.

https://www.thestandard.com.hk/secti...it-UK-projects

shri · 27-09-2023, 01:27 PM

Originally Posted by ndt:

So many ironies and lines to underline here but anyway this or part of it might be available for 100M.. Good potential for rental value going back to 7.5M/Month in 2025 or 2055.. HK is back baby!!

Good thing this group is not paying usual rates .. signed up on their website to receive their portfolio. Got an email with an invalid link and a blurb telling me to watch out for their "Spring in Action" event in March 2023...