You do not need to gamble at Macau - Part 1

When it comes to real estate investment, size sometimes matters.

Small is better! That is the city/country size I mean. 

Why?  Because when hot money flows in, the small size makes the hot money shoots up like a geyser. 

Hong Kong is small.  Singapore is smaller.  Macau is the smallest amongst these 3.

Therefore, ever since the beginning of 2010, I have been studying the Macau property market.

There are many economic factors suggesting that investing in a Macau property can be a good investment in the next 5-10 years.   

On a separate note, I teach people never to invest as a retail investor.  Always hunt-in-pack to get the wholesale discount, or at least with more bargaining power to get better deals or services.

Therefore, I organized a hunting trip on July 1 to Macau.  We attended a privately arranged seminar, interviewed some experts, visited a few properties.  We have also done our homework before the trip, that collectively we came up with over 100 questions to ask the local property experts.

Hunt-in-Pack includes food, yummy Macau food.

Coincidentally, the Capital magazine on July 2 published a cover story about the property of Macau.  Because they covered most of what we discovered, I am not repeating our finding here.

In short, Macau looks good. 

Hold on...  Before you rush to Macau, let me tell you a few more things.

First, the legal documents in Macau is in Portuguese.

Second, managing a property overseas (unless you live in Macau) is not always pleasant.

Third, information in Macau is not that transparent.  Unless you are living there locally, there is not much research you can do over the Internet.   

There are a few more obstacles,...

So what is the solution?

Stay tuned...

September 6, 2010

Dr OIC