The Chief Asia Inspector Blog

Invest in Shenzhen !

As I keep an eye on real estate prices in Shenzhen, I thought I would share my views on it - especially when you realize how good the investment can be !

See below an ad I received recently :

-Location : Fu Ming Metro Station
-Building Construction date : 2003
-25th floor / 32
-Flat area : 93 sq.meter
-3 bedrooms, 2 bathrooms,
-Towards south, HongKong direction: "Rice Shop" - good Fengshui
-Estimated total price - RMB1,350,000.
-Located in a  florishing area (shops and businesses)
-Estimated Rental price: around RMB 4000

Besides the fact that such a property would probably be worth more than RMB 6-7 M in Paris (not mentioning London), I really believe investment opportunities are great in Shenzhen now, and my advice (free of charge !) is to buy around 1,300 Euros / Sqm, with a 70% mortgage financement plan at a 6% variable rate...

Direct from the Factory - episode 4

This new episode of our Inspections video brings us in Linyi, Shangdong province.
The so-called factory was actually nothing more than a shed, with the courtyard used to store and dry the products... Unsurprisingly, the Inspection result was Failed !