Its a funny thing really. You have the rich folks going global to buy properties, usually after owning more than 2 in their home turf. Its clearly unique to see that all these rich folks do not think alike. There are natural exposure considerations. Proximity and close knowledge considerations. Tax and holiday considerations. Retirement and children's education considerations. Political funds sloshing and illegal money laundering purposes. But the driving point is that they should try to make money and in a currency with potential upside, or their downside is overwhelmed by the capital gains consideration.
They are ranked in terms of total money outflow. I think its surprising to see Singapore so high up, but methinks a substantive portion of that money belong to Malaysians and Indonesians.You know how restrictive the rules for money outflow is for both countries. The same for UK as you can also assume that its also largely Russians living there doing most of the buying.
1) CHINA - HK, New York, London
2) SINGAPORE - London, Malaysia, Tokyo
3) RUSSIA - London, New York, Monaco
4) UK - Cote d'Azur, Italy, New York
5) USA - London, Paris, Bahamas
6) HK - Sydney, London, Tokyo
You will note that China money from China behaves differently from China money in HK. You can also bet that a large portion of HK money going out also belongs to China residents who somehow can reside in HK. The surprising part was the money heading to Tokyo from HK, strange.
7) INDONESIA - London, New York, Monaco
Again, Indonesians are strange people ... Monaco???
8) UAE - London, Paris, Geneva
9) ITALY - Geneva, Monaco, London
10) INDIA - London, Dubai, New York
Thursday, October 31, 2013
Saturday, October 19, 2013
Prep For NYC (Part 2)
Before I continue, got to plug Qatar Airways current amazing offer where you can get one free Business class ticket free for everyone that you purchase.
http://www.qatarairways.com/my/en/homepage.page
c) Shows - You cannot go to NYC without seeing a few shows, esp the musicals. There are also stand up clubs and plays with famous actors doing their bit parts on Broadway. Currently Bette Midler is doing a play there. The tourist trick usually is to queue for half price tockets at those TKTS booths around the city but usually you end up with shows you don't really want to see. I was all geared up to watch The Book of Mormons but its booked solid for the next 3 months but I believe you can still get these premium tickets from your bellhop for $250 plus a generous tip. Normal tickets for top shows cost between $150-230 but the best way is to book beforehand from this site Broadtickets:
http://www.broadticket.com/broadway.html
The great thing is that it will set you back just about $100 but you get great seats confirmed before you go. I have booked for Jersey Boys, Avenue Q and Motown.
d) Sight-seeing - If its your first couple of times, you need not take the tour packges which are really moving packs of sardines through the city in an unforgiving manner. Always take free and easy then buy packages beforehand. The best site is aviator. As you can see, they are reasonably priced.
.http://www.viator.com/New-York-City-tours/d687-ttd?pref=02&aid=g5526
http://www.qatarairways.com/my/en/homepage.page
Buy one Business Class ticket and get the second one free*
The joy of flying Qatar Airways Business Class just doubled. Fly between 23rd September 2013 and 31st March 2014 and your companion flies with you for free.
Book your ticket to receive an additional 25% bonus Qmiles!
We look forward to welcoming you onboard.
*Terms and conditions
- Sales period: 23rd September - 20th October 2013
- Travel period: 26th September 2013 - 31st March 2014
- Offer valid for travel from Bangladesh, Montreal, Malaysia, Maldives, Oman, Poland, Romania and Russia.
- Blackout dates (travel not allowed):
- 12th-23rd December 2013 and 2nd-12th January 2014
- Additional blackout dates for travel from Oman (Outbound 8th-15th October 2013 and Inbound 17th- 25th October 2013).
http://www.broadticket.com/broadway.html
The great thing is that it will set you back just about $100 but you get great seats confirmed before you go. I have booked for Jersey Boys, Avenue Q and Motown.
d) Sight-seeing - If its your first couple of times, you need not take the tour packges which are really moving packs of sardines through the city in an unforgiving manner. Always take free and easy then buy packages beforehand. The best site is aviator. As you can see, they are reasonably priced.
.http://www.viator.com/New-York-City-tours/d687-ttd?pref=02&aid=g5526
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