It's easy for some

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  1. #1

    Join Date
    May 2005
    Posts
    4,279

    It's easy for some

    I caught the end of a tv program last night where the presenter was being shown around a 6,000 sq. ft apartment in Deep Water Bay. The owner paid HKD40Million for it in 2002 and I thought wow that's astronomical and no way in hell would I consider ever spending that much on a flat. Then the agent said the owner has it on the market today for HKD120Million!

    What have I been doing wasting my time earning a living by going to work :-)


  2. #2

    Join Date
    Aug 2005
    Location
    Clear Water Bay (In Da Jungle)
    Posts
    10,037

    one of my old boss from the states used to live in DB and the house that the company rented for him was going for around 7M at that time, by the time my boss left the going price was around 15 M, he was saying that he should have just bought it and make a hell of a profit.


  3. #3

    Join Date
    Aug 2006
    Posts
    820

    Success stories are nice, but they don't usually show you the guys who try their hand at real estate and end up losing.


  4. #4

    Join Date
    Dec 2004
    Location
    Hong Kong
    Posts
    6,373

    heh, I know someone who had a house built on Jardine's Lookout in the early 1900s for a song. They sold it for almost $100 million HK around '97.


  5. #5

    Join Date
    Jun 2005
    Location
    Hong Kong
    Posts
    23,217

    Can't have had much time left to enjoy the money by then though...


  6. #6

    Join Date
    Nov 2005
    Posts
    647

    would make for one hell of a going away party though.