September 17, 2011 (Powerhomebiz.com) Recent reports thatHong Kong has one of the highest property rates in Asia have not deterredforeign investors from entering the market. It is widely reported that one ofthe drawbacks of doing business in Hong Kong are the ever rising property ratesespecially commercial property. Foreign companies have felt that their workingcapital requirements have gone up as the commercial office lease rates havesteadily increased over the past many years.
However, according to GuideMeHongKong.com (www.guidemehongkong.com), a portalfocused on entrepreneurship and starting a business in Hong Kong, the citystill has so many benefits to offer foreign companies that the rising propertyrates are not high enough to deter foreign investors just yet. Also it iswidely accepted that Hong Kong has a space problem and considering the numberof overseas companies entering the city each year, the demand for commercialproperty is much higher than supply at the moment. Even the global economicrecession has not be able to dampen the Hong Kong property markets too much andas long as Hong Kong’s stature as one of the premier business destinations inAsia remain intact, property prices are not expected to come down anytime soon.
As per GuideMeHongKong.com, although the property rates inthe city are considered as a negative aspect by foreign companies, the numberof positives of Hong Kong’s business environment far outweighs all of thenegatives put together. Apart from that, property in Hong Kong has always beenconsidered as a risk free investment. There are also no capital gains taxes inthe city and overall the number of buyers has always been more than the numberof sellers. With all these things put together, it is but natural that thecommercial property rates in Hong Kong would gradually rise all the time withmore investors entering the market each year.
About GuideMeHongKong.com
GuideMeHongKong.com is a Hong Kong-focused businessinformation portal targeted towards entrepreneurs who are exploring a move orbusiness in Hong Kong. The site provides detailed information on Hong Kongcompany registration, taxation, immigration and ongoing compliance matters forstartups and small to medium sized companies. Thousands of visitors use ourportal every day to obtain comprehensive, accurate and up-to-date informationabout Hong Kong. For more information please visit http://www.guidemehongkong.com/