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  • 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.

    Paste this into your browser.

    http://www.businessinsider.com/old-photos-of-shenzhen-2013-2

    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.