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НТЕ Message Board

  • flipwilson728 flipwilson728 Feb 8, 2013 11:54 AM Flag

    Shenzhen City, You gotta see this article on the changes there

    This was on a recent edition of Business Insider.

    Shenzhen is exploding with growth and the downtown area is the next Hong Kong. NTE's property is not doubt very valuable.

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    Sentiment: Strong Buy

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    • I have not read the article. What I do know is that Shenzhen is about 10 miles from Hong Kong, and Hong Kong office space is averaging $250/square foot.

      I think $900 million is a fair guesstimate which would make the land alone worth $20/share.

      • 1 Reply to koyak23
      • High end condos in Hong Kong have sold for as high as $10,000 US per square foot. And that includes the space for lobby, elevators, hallways etc... So your 1000 sq foot condo can go for about $12 million US. This is for the prime high end condos though.

        This is what happens when you have a country where their government takes up less than 10% of GDP. The USA government takes close to 50% of your money, and subsequently wastes most of it. This is why Europe and North America are in trouble now. They can't compete anymore with that huge overhead.