Calm after the storm
These are turbulent times for the world. Having endured the financial meltdown of 2008, investors were rocked by the upheavals in the Middle East. At the same time, global markets were hard hit following last month's earthquake and tsunami in Japan, which left thousands dead or missing, and resulted in a nuclear accident.
Last week, I had dinner with a couple from Osaka, a Japanese university professor and his Chinese wife, and they insisted that people remained stoic despite the disaster to have befallen their country.
The immediate effect of the earthquake saw investors scurrying for cover as equity markets plunged before bouncing back. G8 countries managed to ensure that the financial markets remain calm, and business capitals from Tokyo to Hong Kong, and the rest of the world, have stood up rather well - for now. Hence, external conditions seem to be not as worrisome as first thought, which can only be good for the property market.
In this issue of LuxeHomes, we look at the continuing influx of mainland buyers who are interested in Hong Kong's luxury properties, a trend that is gaining in importance and has implications. We take you to Island South, a district that rivals The Peak as Hong Kong's prime real estate location.
This edition also introduces you to stunning luxury properties in Australia. And in our supplement on Serviced Apartments, we'll show you one of the reasons why international businessmen will soon settle in this city, because a home away from home has never been so easy or so comfortable.