Li Weidong said: "I'm not talking about residences, but shops! Take advantage of the current cheap housing prices, go to a prosperous commercial place like Causeway Bay, buy a shop on a street, and wait for the appreciation in the future!"

"Shop? Does that one have a higher return on investment?" Zhao Jinlong asked subconsciously.

"Of course it's high. There is a saying that one shop can support three generations. In a few years, the shops in Causeway Bay will be able to support three generations!" Li Weidong said with a smile.

…

The Asian financial crisis had a huge impact on the property market in Hong Kong Island. This was also the best time to buy a house in Hong Kong Island. After this period, Hong Kong Island's economy developed rapidly and housing prices soared, making buying a house a luxury for ordinary people.

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A house with a sea view of Victoria Bay costing HK$4,000 per square foot is simply unimaginable now, but at that time it required a good floor to sell it.

At that time, a public housing unit with a price of 190,000 yuan could rise to tens of millions more than 20 years later.

The same is true for shops. In the most prosperous area of ​​Causeway Bay, shop prices have dropped to cabbage prices.

In the future, the monthly rent for one square meter here can reach 180,000 yuan. The monthly rent for a shop with a small amount can easily reach millions. There are even more shops with a monthly rent of over 10 million yuan.

The charter king alone collects more than 10 billion in shop rent every year. However, many charter stars and young models in Hong Kong are rich and have small businesses. In fact, their families do not have any business, they just have a few shops that can be rented out.

Compared with investing in residential buildings, the return rate of investing in prosperous shops is much higher.

Now is the time when house prices in Hong Kong are at their lowest. If you don’t buy it now, wait until later!
Chapter completed!