Sales of diamonds in Belgium
in USD
China $737mn
US $695mn
Israel $274mn
Switzerland $237mn
UAE $140mn
India $139mn
UK $66mn
France $56mn
Italy $55mn
Wednesday, April 14, 2010
Tuesday, April 13, 2010
AirAsia vs SIA
Since beginning full-scale operations in 2002, AirAsia has grown sharply by offering low-cost flights. As of the end of 2009, the company served 136 cities in a total of 18 countries and areas. AirAsia saw its passenger traffic jump 24% to about 22.7 million last year, topping Singapore Airlines Ltd.'s roughly 16.3 million to become the biggest airline company in Southeast Asia.
Jakarta: Vehicles and Pollution
8.5mn residents
9.9mn vehicles (including motorbikes)
Causing major pollution issues
9.9mn vehicles (including motorbikes)
Causing major pollution issues
China's Real Estate
China cost of 100sqm house over average annual household income has been hovering around 9-11x for the past 10 years.
Beijing is 16x, in most cities, more than 8x
However Chinese citizens have government subsidies or parents to help them coup with such high prices. Mostly people afford their 1st private home from their sale of public housing, which is usually their first home
Or enjoy parent support when buying their 1st private home
Housing composition
35% public housing
13% rented public house
9% economic houses
23% commercial houses
5% rented commercial houses
11% self constructed
4% others
Downpayment of homes usually 3x annual income
mortage servicing cost is 50% of disposable income
High price to income ratio in China supported by 50m upper income households, which is 8x annual household supply of 6mn units
Home buyers have very little leverage, consumer debt only 16% of GDP
US consumer never hit below 20% of GDP by contrast
There is a risk of more than the usual in 6mn units of supply bcos municipal govt gets 30-50% of revenue from land sales and are unlikely to stop selling land
But 1% increase in urbanization rate means 4-5m new urban households every year - hence the supply glut would be covered in time
There are talks of introducing a 1.5% property tax based on 70% of buying price
Beijing is 16x, in most cities, more than 8x
However Chinese citizens have government subsidies or parents to help them coup with such high prices. Mostly people afford their 1st private home from their sale of public housing, which is usually their first home
Or enjoy parent support when buying their 1st private home
Housing composition
35% public housing
13% rented public house
9% economic houses
23% commercial houses
5% rented commercial houses
11% self constructed
4% others
Downpayment of homes usually 3x annual income
mortage servicing cost is 50% of disposable income
High price to income ratio in China supported by 50m upper income households, which is 8x annual household supply of 6mn units
Home buyers have very little leverage, consumer debt only 16% of GDP
US consumer never hit below 20% of GDP by contrast
There is a risk of more than the usual in 6mn units of supply bcos municipal govt gets 30-50% of revenue from land sales and are unlikely to stop selling land
But 1% increase in urbanization rate means 4-5m new urban households every year - hence the supply glut would be covered in time
There are talks of introducing a 1.5% property tax based on 70% of buying price
Wednesday, April 7, 2010
Alkaff Mansion
Top bid rent $79,251
by LES
SLA rent guide $28,100 per month
2nd bidder $41,300 br Frangance Group
Gross floor area 13,000 sq ft
Land area 97,000 sq ft
LES psf $6
SLA psf $2
by LES
SLA rent guide $28,100 per month
2nd bidder $41,300 br Frangance Group
Gross floor area 13,000 sq ft
Land area 97,000 sq ft
LES psf $6
SLA psf $2
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