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Real Estate Knowledge

4 Cheap House Hacks For Your Dream Home

For most young adults, it is already difficult to afford a house on their own. However, upon receiving the house and getting the bills done, they may face another huge challenge–renovation and design. Some people are lucky enough to purchase a home with all the renovation and furniture, but some may just purchase a plain empty house. Decorating the house can be costly, including the interior design, construction and furniture. It may cost up to 5-20% of the house’s total price. In this case, many young adults did not have enough budget for the decoration, which leads to a dilemma. 

Here, we provide you with 4 cheap house hacks to get your dream house at the lowest possible price.

1. Get Your Own Material Supplier

Instead of buying the materials from your designer, you can find ways to get your own material supplier. You may ask friends who have tried this before, to recommend a good supplier with a cheap price and a good quality. If you are looking for materials such as wood, you may find local suppliers. If you are looking for a high-end style of housing which are materials such as Carrara Marble, you may get suppliers from European countries such as Italy, etc. You can save more than 20% of the total decoration fee if you have your own material supplier.

Marble furniture in modern homes.

2. Get Your Furniture From Manufacturers

Purchasing furniture from places like Amazon and Home Depot may be a bit expensive because retailers mark up their prices to cover their costs and taxes, and earn profits at the same time. Therefore, you should buy directly from manufacturers as this gives you a price advantage. First, you have to find a manufacturer, make a bulk purchase, then they would make a closing deal with you. Of course, this may not work since you cannot make bulk furniture purchase. However, if you can ask a few of your friends or neighbours to buy the furniture with you to get a deal with the manufacturers, this could help you to save up to 10-20% of the total decoration fee.

Besides, a lot of people assume that buying furniture from manufacturers would only give you a few options to choose from. However, this is not the case. Some manufacturers also allow customized orders. They can actually design the furniture that caters to your preferences. This, together with the price discount, would be the best deal you could ever imagine.

Customized furniture design.

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3. Do It Yourself (DIY)

In places like Europe or North America, labour is costly. So if you have time, it is possible to do some easy tasks on your own to save money and have some fun. Tasks such as painting the walls, assembling small cabinets and moving small furniture (big furniture if you are strong enough). Since labour cost is one of the major fees, DIY-ing your house may save up to 5-10% of the total decoration fee and also give you a sense of achievement.

DIY home projects.

4. Rent Out or Become an Airbnb

If this is your second house, then putting it on rent or Airbnb would be a great way to make an impressive rate of return. Other than creating a passive income, the fancy interior design and renovation can help to boost the house’s market value which leads to an increase in profit. Therefore, this is a win-win situation. However, if this is your first house, it is also possible to put it on Airbnb to earn some revenue when you are out for a trip or vacation.

Airbnb–home-sharing site.

Now that you’re here…

At Denzity, we help you find your next overseas property. If you have any enquiries about properties, or questions about the process, reach out to our team here. Stay tuned for more investor focused content, financial advice, and industry updates.

Disclaimer

Please note all the above stated is opinion only and does not constitute proper investment advice. Denzity is not liable for any investment decisions that result from following the opinions outlined above.

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Market Updates

You Think You Can Produce Your Own Show? with Andrea So

Welcome to our second episode with Andrea So. This is episode 2 in our 3 video miniseries, and today we are going to be discussing choosing your script, determining the story, and setting up a production.

Previously, we invited Andrea So to tell us more about character building. This time, she will be sharing more about video production. Andrea has been interested in art and culture since she was small.

In addition to her being a professional actress and TV host, she has also started her own Youtube channel, having more than 35K subscribers.

Creating videos is easy, you just need to set up a camera and speak. But creating interesting videos which attract attention, and able to maintain a fan base, is not the same thing.

In this episode, Andrea will be giving some tips on the preparation of speech. From scriptwriting, memorizing key points to talking about the on-set equipment and lighting.

Tune in to the episode above and the following video of our mini-series to learn how Andrea did so, and gain some insights on how you can do the same.

▶ About the Guest:

Miss So grew up in Toronto, Canada. Since she was small, she was interested in studying culture and art.

She went to Queen’s University, majored in drama and minored in music. In 2015, Miss So won the first runner-up in a singing contest on Canadian television.

Since then, she has worked as a television program host and guest in Canadian TV series. In 2016, Miss So participated in the “2016 Miss Hong Kong Campaign” and won third place in the line.

She then joined TVB and was notable for her role as “Xiong Xinru“(熊心如) in the TVB drama “Come Home Love: Lo and Behold”.

Most recently, Miss So has started her own Youtube channel. She has been doing covers and vlogs, having 37.5K subscribers on her channel.

▶ Contact Andrea So Here :

Facebook (Andrea’s Page): https://www.facebook.com/andreasowenchi

Instagram: https://www.instagram.com/andreaso_/

YouTube: https://www.youtube.com/user/lotp416

▶ Disclaimer:

This disclaimer informs readers/audience that the views, thoughts, and opinions expressed in the text/video belong solely to the author & participant, and not necessarily to the participant’s employer, organization, committee or other group or individual. As it can be difficult to catch some minor errors, transcripts may contain a few typos or inaccuracies.

Please note the following legal conditions:

Denzity owns the copyright in and to all content in and transcripts of Denzity’s video programs and publications (collectively referred to as “Denzity Materials”, with all rights reserved and its right of publicity.

You are welcome to share the below transcript (up to 500 words but not more) in media articles (e.g., The South China Morning Post, Bloomberg, New York Times), on your website, in a non-commercial article or blog post (e.g., Medium and WordPress), and/or on a personal social media account for non-commercial purposes, provided that you include attribution to “Denzity” and link back to the denzity.io/blog URL. For the sake of clarity, media outlets with advertising models are permitted to use excerpts from the transcript per the above. ParagraphParagraph

No one is authorized to copy any portion of the Denzity Materials or use Denzity’s name, image or likeness for any commercial purpose or use, including without limitation inclusion in any books, e-books, book summaries or synopses, or on a commercial website or social media site (e.g., Facebook, Twitter, Instagram, etc.) that offers or promotes your or another’s products or services.

Categories
Real Estate Knowledge

3 Ways Real Estate Is Moving Online

  • China developer Evergrande makes USD $39 BILLION in sales through online sales
  • An 180-sq. meter apartment in Shanghai sold online for USD $2.4 million

In recent decades, modern technology has made it much easier for us to adapt to the “online” life. Especially during the COVID-19 pandemic, it has shifted a lot of brick-and-mortar businesses to operating online. The real estate industry is no different from the others.

Property Aggregators

In the U.S.

Real estate companies are now embracing e-commerce by creating online portals and websites to list properties. Buyers can easily preview their ideal homes and have access to all necessary information within a few clicks. Zillow, a leading real estate company in the U.S., reported that it had received 36 million monthly visits to its website as of January 2020. The traffic to their sale listings on their website increased to 41% in 2020. This shows that the pandemic has significantly changed home buyers’ house search journey.

In China

Let’s take a look on the other side of the world. In the midst of lockdowns and layoffs during the COVID-19 outbreak , China Evergrande Group, the largest developer in the country, was the first to generate sales online by launching an app called Hengfangtong. The app allows users to view areas of property virtually, such as hallways, rooms and parking lots etc. The group’s revenue rose 17.5 % to 266.63 billion RMB (equivalent to $39.05 billion) including 82% sales from Hengfangtong. This allowed the group to get ahead of the game and become the world’s most valuable real estate brand.

Evergrande Group, the largest developer in China.

In Southeast Asia

The increasing number of online real estate portals has made home searching journeys more efficient and convenient. Hiroki Kazato, CEO of PropertyAccess, stated that amidst the global pandemic in 2020, he successfully transacted over $60 million worth of Philippine property due to the growth in digitalization.

In other parts of Southeast Asia, there has also been an increase in the online presence of real estate developers and companies. The top property portals in different regions are listed below:

  • China
    • Anjuke.com (1.5 million visits)
  • South Korea
    • Land.naver.com (15 million monthly visits)
  • Japan
    • Suumo.jp (Japan real estate market leader)
  • Taiwan
    • 591.com.tw (Top Taiwan property portal)
  • Vietnam
    • batdongsan.com.vn (4 million monthly visits)
  • Malaysia
    • iProperty.com.my (3.2 million monthly visits)
  • Indonesia
    • 99.co (8.5 million monthly visits)

The above Asian countries are ranked as the top producers in different areas, such as agricultural, mining and industrial products etc. This has brought tremendous wealth to the countries. Therefore, the emerging economies in these regions have caught the eyes of many overseas investors as the property markets remain vibrant and bring value in the long term.

Top property portals in Southeast Asia.

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Social Media

Social Media plays a crucial role in the online property sale process. A report released by the National Association of Realtors, suggested that around 50% of real estate professionals find social media platforms as one of the top technology tools that provide the highest quality of leads. With the increasing number of social media users, numbering in more than half of the world’s population having access to the internet, the number of online home seekers is only to increase with time.

Online Auctions

In the U.S., property has a typical value of around $300k USD. However, property prices vary drastically due to different aspects, such as the season and area. Therefore, the average property prices range between $300k up to a million.

On the other hand, online auctions of properties have been thriving in China. Taobao, an e-commerce portal operated by Alibaba Group Holding, had listed properties for bid. For example, a 180-sq. meter apartment in western Shanghai was sold for 15.95 million RMB (equivalent to $2.4 million). The price was nearly 50% higher than the initial quote of 10.85 million RMB. As you can see from here, online real estate auctions attract people to sell their properties on the platform. However, they also add value to buyers. Since listed properties start bids at 20% to 30% below the appraised value, properties can be bought at a lower price.

An apartment in western Shanghai, drew 90 bids in an auction.

In Conclusion….

The global pandemic has pushed businesses, particularly the real estate industry, to rapidly transform their way of generating sales. Online property sale is the future trend in the industry. Therefore, companies had to strive to keep up with the technology as well as investing in them to drive businesses and maintain competitiveness.

Now that you’re here…

At Denzity, we help you find your next overseas property. If you have any enquiries about the above properties, or questions about the process, reach out to our team here. Stay tuned for more investor focused content, financial advice, and industry updates.

Disclaimer

Please note all the above stated is opinion only and does not constitute proper investment advice. Denzity is not liable for any investment decisions that result from following the opinions outlined above.

Categories
Market Updates

Things that Real Estate Companies are Missing Ft. Manci Man

Previously, we invited Manci Man to tell us more about BNO citizenship and online property marketing. This time, she will be sharing more about video content creation and personal branding.

Video Content Creation: How can you present information in an engaging way? How can you make the audience commit to watching the whole video? Manci started her own real estate Youtube channel about a year ago and has secured a group of loyal fans. She will be giving some tips on content creation and presentation skills.

Personal Branding: Why do you need to establish your own personal brand? Although Manci is the co-owner of Century 21 Goodwin International, she has her own Youtube channel in addition to the corporate channel. Today, Manci will be sharing her journey in establishing her brand and generating sales.

Tune in to the episode above and the following video of our mini-series to learn how Manci did so, and gain some insights on how you can do the same.

▶ About the Guest :

Manci is currently the co-owner of Century 21 Goodwin International, a branch of the biggest property franchisee in Hong Kong, established in 1989. At Century 21, (International) she works to expand the business overseas and to the Greater Bay Area. In 2019, she sold over 100 properties overseas, reaching a total sum of over HK$150 million.

She has previously worked at Raeon International Limited, strengthening their B2B sales distribution channels and working closely with many property agencies. With regular site visits to Australia, Manci holds in-depth first-hand market knowledge of the Australian property market. She also wrote a weekly column in major local newspapers in Hong Kong specialises in the area of Overseas Property Investment. Manci also spends her days as the founder of M Patisserie, a boutique Hong Kong based bakery.

​ Manci was elected as the 2019 Hong Kong Professional Elite Ladies, JCI Lady, and award the 2019 Hong Kong’s most outstanding Leaders Award, Hong Kong.

▶ Contact Manci & Her Team Here:

▶ Disclaimer:

This disclaimer informs readers/audience that the views, thoughts, and opinions expressed in the text/video belong solely to the author & participant, and not necessarily to the participant’s employer, organization, committee or other group or individual. As it can be difficult to catch some minor errors, transcripts may contain a few typos or inaccuracies.

Please note the following legal conditions:

Denzity owns the copyright in and to all content in and transcripts of Denzity’s video programs and publications (collectively referred to as “Denzity Materials”, with all rights reserved and its right of publicity.

You are welcome to share the below transcript (up to 500 words but not more) in media articles (e.g., The South China Morning Post, Bloomberg, New York Times), on your website, in a non-commercial article or blog post (e.g., Medium and WordPress), and/or on a personal social media account for non-commercial purposes, provided that you include attribution to “Denzity” and link back to the denzity.io/blog URL. For the sake of clarity, media outlets with advertising models are permitted to use excerpts from the transcript per the above. ParagraphParagraph

No one is authorized to copy any portion of the Denzity Materials or use Denzity’s name, image or likeness for any commercial purpose or use, including without limitation inclusion in any books, e-books, book summaries or synopses, or on a commercial website or social media site (e.g., Facebook, Twitter, Instagram, etc.) that offers or promotes your or another’s products or services.


Categories
Real Estate Knowledge

5 QUESTIONS to Ask Yourself Before Purchasing Overseas Property

There are a lot of aspects that are to be taken into consideration before investing in overseas real estate which may lead to many arising questions regarding the local protocols, property availability, right area, price range, legal procedures, payment policy, taxes and stamp duties and many more!

Purpose of buying properties.

These are the 5 questions that we think you must ask yourself before buying any property overseas, whether it is your first purchase or you’re just looking to make your next investment.

1.   Purpose

Why do you want to buy a property? Do you want to buy a retirement home for you and your partner? Or an apartment for studying and working family of 4? Do you want to buy a piece of land or an office building? The answer to all these questions is hidden in your purpose of buying the property. While a cosy beach house may be the perfect option for a retired couple who is looking to buy a second home, that might not be the best choice for a family with students and white collars. If you want to purchase a home, you’d probably prefer a new place that is in a nice neighbourhood and has easy access to employment, institutions, and other important places. But for commercial or industrial properties, the neighbourhood does not really matter a lot, you would want to be looking for something that can be utilized in several ways, will generate incomes, and is affordable.

Tropical living in Phuket

2.   Location and space

We know that different countries are famous for different reasons. For example, tropical developing areas are more suitable for vacation or retirement, whereas developed cities are mostly for people who are still in some stage of their career or student life. These points will help us decide which cities or states of which country we should aim at, for which we need to do a lot of research and that brings us to the next point.

Regulations and permits.

3.   Laws

Laws and regulations vary from country to country, state to state, and even city to city. As a foreigner, it is the most crucial part before making any investment. Some countries do not even allow foreigners to own property. So, before moving forward, we need to confirm whether we’re allowed to make an investment in the targeted country. If yes, then what are the regulations? How different is it from one’s homeland? What are the tax policies? Is it the same throughout the nation? What about licenses and permits? How long does it take to process the application? Is the property a lease-hold or a free-hold? What are the metric units? What happens when you are not there? Is the place safe enough? Is the local law going to give any kind of protection to your property in your absence?

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How to finance investment property.

4.   Finance

Before making any decision, there should always be market comparisons and backup options in terms of pricing. It might be hard to get all the boxes checked but money undoubtedly is a major factor in any kind of investment. It is not only limited to currency rates and overseas transfers. It also involves extra taxes that can vary from place to place and can actually amount to a huge figure. Buying a property overseas means managing finances in two different countries and it is very difficult to manage the finances of a country that you do not reside in. To handle finances overseas smoothly, investors often tend to hire a professional.

Click here to look at an example of securing exchange rates

Property market forecast.

5.   Forecast

Once you’ve found your perfect property that fulfils all the necessary criteria, this is when you need to take a short pause and ask how the future looks like for the property you chose. How is the market now and how is it going to be in the next 10 years? How is the growth now compared to the past decade? How are the upcoming years looking like for the type of property you want to purchase? Is the demand high or low? Is the growth strong or soft? How big is the scope of growth? Is it already a well-developed city that will have a stable market in the next few years or is it going to see a rapid change?

Final Thoughts

With these questions, you can understand more about your preference and what is the scope of your property search. By knowing which are the most relevant factors to consider it makes your property search so much easier, ultimately making your property investment journey a much more enjoyable journey.

Follow us on social media…

Now that you’re here…

At Denzity, we help you find your next overseas property. If you have any enquiries about the above properties, or questions about the process, reach out to our team here. Stay tuned for more investor focused content, financial advice, and industry updates.

Disclaimer

Please note all the above stated is opinion only and does not constitute proper investment advice. Denzity is not liable for any investment decisions that result from following the opinions outlined above.

Categories
Market Updates

How To Build A Captivating Professional Character On Screen with Andrea So 蘇韻姿

Welcome to our episode with Hong Kong’s very own Andrea So. Andrea is accomplished in the world of media, and will be sharing how we can use her strategies in business.

Andrea So is a professional actress and TV host. She has starred in the popular TVB drama “Come Home Love: Lo and Behold” and has hosted different shows.

Recently, she was nominated as “Best Supporting Actress” in an awards ceremony. Given her short history of working in the Hong Kong entertainment industry, how did she build her character on-screen and engage with the audience?

Her story reveals the different ways for people who are hoping to build a unique character on camera. Especially for real estate professionals, it is crucial to stand out from the crowd, and capture people’s attention.

Tune in to the episode above and the following video of our mini-series to learn how Andrea did so, and gain some insights on how you can do the same.

▶ About the Guest:

Miss So grew up in Toronto, Canada. Since she was small, she was interested in studying culture and art.

She went to Queen’s University, majored in drama and minored in music. In 2015, Miss So won the first runner-up in a singing contest on Canadian television.

Since then, she has worked as a television program host and guest in Canadian TV series. In 2016, Miss So participated in the “2016 Miss Hong Kong Campaign” and won third place in the line.

She then joined TVB and was notable for her role as “Xiong Xinru“(熊心如) in the TVB drama “Come Home Love: Lo and Behold”.

Most recently, Miss So has started her own Youtube channel. She has been doing covers and vlogs, having 37.5K subscribers on her channel.

▶ Contact Andrea So Here :

Facebook (Andrea’s Page): https://www.facebook.com/andreasowenchi

Instagram: https://www.instagram.com/andreaso_/

YouTube: https://www.youtube.com/user/lotp416

▶ Disclaimer:

This disclaimer informs readers/audience that the views, thoughts, and opinions expressed in the text/video belong solely to the author & participant, and not necessarily to the participant’s employer, organization, committee or other group or individual. As it can be difficult to catch some minor errors, transcripts may contain a few typos or inaccuracies.

Please note the following legal conditions:

Denzity owns the copyright in and to all content in and transcripts of Denzity’s video programs and publications (collectively referred to as “Denzity Materials”, with all rights reserved and its right of publicity.

You are welcome to share the below transcript (up to 500 words but not more) in media articles (e.g., The South China Morning Post, Bloomberg, New York Times), on your website, in a non-commercial article or blog post (e.g., Medium and WordPress), and/or on a personal social media account for non-commercial purposes, provided that you include attribution to “Denzity” and link back to the denzity.io/blog URL. For the sake of clarity, media outlets with advertising models are permitted to use excerpts from the transcript per the above. ParagraphParagraph

No one is authorized to copy any portion of the Denzity Materials or use Denzity’s name, image or likeness for any commercial purpose or use, including without limitation inclusion in any books, e-books, book summaries or synopses, or on a commercial website or social media site (e.g., Facebook, Twitter, Instagram, etc.) that offers or promotes your or another’s products or services.

Categories
Market Updates

How Does a Hong Kong Investor Buy Property? Ft. Manci Man



Welcome to our second episode with Manci Man, where we discuss BNO citizenship, currency exchange, and online property marketing.

BNO: What exactly does BNO stand for? How does it pertain to Hong Kongers and their relationship with the UK?

Manci Man’s is experienced in such matters given her clientele, and will be sharing her insights in this interesting sub-market Currency Exchange: Depending on the currency value of your savings, the exchange rate can be a hidden fee or a tremendous profit to investors.

Before choosing an investment, it is important to keep track of foreign exchange rates and how it will impact your investment profitability.

Online Property Marketing: From Zoom to Youtube to Social Media, Manci and her team combine modern, innovative ways of reaching out to clientele with the more traditionally conservative real estate industry.

To hear more about these concepts and more, tune in to our episode above! We have our finale with Manci Man coming out next Thursday (July 22), so stay tuned. As always, enjoy.

▶ About the Guest:

Manci is currently the co-owner of Century 21 Goodwin International, a branch of the biggest property franchisee in Hong Kong, established in 1989. At Century 21, (International) she works to expand the business overseas and to the Greater Bay Area.

In 2019, she sold over 100 properties overseas, reaching a total sum of over HK$150 million.

She has previously worked at Raeon International Limited, strengthening their B2B sales distribution channels and working closely with many property agencies. With regular site visits to Australia, Manci holds in-depth first-hand market knowledge of the Australian property market.

She also wrote a weekly column in major local newspapers in Hong Kong specialises in the area of Overseas Property Investment. Manci also spends her days as the founder of M Patisserie, a boutique Hong Kong based bakery.

​ Manci was elected as the 2019 Hong Kong Professional Elite Ladies, JCI Lady, and award the 2019 Hong Kong’s most outstanding Leaders Award, Hong Kong.

▶ Contact Manci & Her Team Here:

Facebook (Manci’s Page): https://www.facebook.com/manci.mm  

Facebook (Manci’s Team) : https://www.facebook.com/C21GoodwinInternational   

LinkedIn: https://bit.ly/3kf1vey

▶ Disclaimer:

This disclaimer informs readers/audience that the views, thoughts, and opinions expressed in the text/video belong solely to the author & participant, and not necessarily to the participant’s employer, organization, committee or other group or individual. As it can be difficult to catch some minor errors, transcripts may contain a few typos or inaccuracies.

Please note the following legal conditions:

Denzity owns the copyright in and to all content in and transcripts of Denzity’s video programs and publications (collectively referred to as “Denzity Materials”, with all rights reserved and its right of publicity.

You are welcome to share the below transcript (up to 500 words but not more) in media articles (e.g., The South China Morning Post, Bloomberg, New York Times), on your website, in a non-commercial article or blog post (e.g., Medium and WordPress), and/or on a personal social media account for non-commercial purposes, provided that you include attribution to “Denzity” and link back to the denzity.io/blog URL. For the sake of clarity, media outlets with advertising models are permitted to use excerpts from the transcript per the above. ParagraphParagraph

No one is authorized to copy any portion of the Denzity Materials or use Denzity’s name, image or likeness for any commercial purpose or use, including without limitation inclusion in any books, e-books, book summaries or synopses, or on a commercial website or social media site (e.g., Facebook, Twitter, Instagram, etc.) that offers or promotes your or another’s products or services.


Categories
Market Updates

What does Cathie Wood Think About PropTech?

Cathie Wood PropTech
Cathie Wood PropTech
  • Digital real estate pioneer Zillow had 22% revenue growth through online sales
  • New real estate technology company Opendoor Technologies lost nearly half of its market value

Why Cathie Woods?

Cathie Wood, the founder and CEO of ARK Investment Management, is a star stock-picker, who identifies large-scale investment opportunities. She focuses on investing in “disruptive innovation” centring around robotics, artificial intelligence, and blockchain technology, etc. Wood is an important voice when it comes to talking about platforms and technology that will dominate our future, and she is of particular interest especially among millennials for her digital savviness and deep understanding of future trends. If she is, she would be the perfect advocate for current PropTech companies and their mission.

What is PropTech?

Let’s imagine how our lives would be without technology. Well, It is purely impossible as technology plays a fundamental role in our lives. Since almost every industry in the world utilizes technology to streamline operational processes and improve workflow, the real estate industry is no different.

PropTech (also known as property technology) is the application of technologies in real estate. It uses Big Data, Artificial Intelligence, virtual reality, and machine learning, etc.

Here at Denzity, we use Big Data technology to reduce uncertainties to help you make better decisions in your home search journey.

Proptech shaping the future of the real estate industry.

Wood’s Proptech Investment

Wood’s focus on disruptive innovation is inspired by a unique investment thesis. It suggests we underestimate the value of innovative companies emerging now that will one day shape the entirety of industries and our way of life – including how we do real estate.

Cathie Wood investing in disruptive innovation.

While PropTech has been used as a buzzword for some time, in recent years there has been serious endeavours to build platforms that actually may have an impact on the real estate industry. Wood’s firm invests in themes such as Artifical Intelligence, FinTech, IoT, etc. themes that emerging PropTech companies are capitalising on. This is no wonder she has made the following companies her stock picks:

  • Zillow

This is why Wood decided to invest in Zillow (NASDAQ code: Z), a pioneer in the digital real estate industry. The company offers a platform that handles real estate transactions and services. Amidst the global pandemic, its revenue has grown by 22%, and the adjusted EBITA metric has climbed to an all-time high. This highlights the company’s future profitability and opportunities ahead.

Zillow is listed on NASDAQ.
  • Opendoor Technologies

Similarly, Wood decided to invest in Opendoor Technologies (NASDAQ code: OPEN), an app platform that enables people to buy and sell their properties freely. The platform collects a 5% handling fee of the property’s total asset value. Although the company is facing the headwinds of COVID-19, it is preparing for a comeback. The property boom driven by the pandemic should be able to assist the company to further expand its businesses. Therefore, it is believed that the existence of Opendoor Technologies would potentially eliminate the need for real estate agencies as time proceeds.

Opendoor Technologies is listed on NASDAQ.

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Wood’s Expectations

No doubt Wood is quite optimistic about the PropTech outlook. Being a top-tiered seasoned investor, anything in her portfolio must have done something to deserve to be there. With that said, however, is Wood is a very long term investor, and her time horizon is something many investors need to get used to. Given current turbulent conditions in the market, it’s good to understand how it’s affecting her current investments in these PropTech companies, and how she is seeing past that:

  • Higher Interest Rates

The world came through from a low interest rate period due to COVID-19. As the pandemic starts to get under control, Wood expects the interest rates to rise and the stock market has already shown some signs of panic. The Federal Reserve fluctuates between yes or no on interest rate hikes. Especially when Jerome Powell, the Chairman of the Federal Reserve, admits the huge uncertainty in the economy as the country recovers from the pandemic. This leads to people moving their money in and out of the stock market, bringing huge fluctuations.  

The rise of the annual interest rate is one of the major factors that influence investors in both real estate and the stock market as it indicates how much they should pay for the amount of mortgage or the leverage they used. Unlike others who panic when interest rates rise, Cathie Wood believes that the adjustment of interest rates would not be a big deal as we were used to about 2% of interest rate before the pandemic. It just takes time to adjust back into the mood.

Federal Reserve Chairman Jerome Powell

The increase in interest rate also leads to a loss in revenue for new real estate technology companies such as Opendoor Technologies. The company has lost nearly half of its market value during these days. However, The Federal Reserve has reassured the public about the central bank’s commitment to keeping a loose monetary policy. They stated that the interest rate would not rise in a short period until late 2022 or early 2023. Therefore, Opendoor Technologies should have time to get back to its peak price. As online real estate trade is the mainstream in the future, buying this stock for a long hold is recommended. 

Wood and the Future of PropTech

While we can’t say how best to avoid losses or make short-term gains in the market today, we can all learn from Wood’s determination not to be distracted by current trends and focus on the future picture. PropTech has made significant gains in the past few years, but it has so much more to offer, and we have yet to see the force that will alter the industry forever. Staying true and studying the long-term trends like Wood will help us see that PropTech is a certainty and coming alive.

Locally (in Hong Kong), you can start being involved in the shifting calculus. Associations like PropTech Institute (PTI) and our own company – Denzity – are seeing these trends and capitalising on the moment. If you are an interested real estate company that believes it’s time to make a digital transition and stand out in a crowded digital space, Denzity has the solution to help you do it within a day. And finally, check out PTI for more recommendations to help you on your PropTech journey. Like Wood, make the big bets today and own the future.

Now that you’re here…

At Denzity, we often emphasize the importance of real estate agencies moving online. If you are keen to learn more about online transformation and digital marketing, feel free to subscribe to our channel and stay tuned for more real estate industry content and updates.

Disclaimer

Please note all the above stated is opinion only and does not constitute proper investment advice. Denzity is not liable for any investment decisions that result from following the opinions outlined above.
Categories
Market Updates

Enjoy Being Disliked, Aim for the Result With Jo Lam 林作 // 享受被討厭的過程,和林作一起努力爭取結果吧!

[English Below] 堅忍主義、拳擊、特朗普。 在這最後一集與 林作Jo Lam 採訪中,我們涵蓋了所有內容。

這是我們與備受爭議的香港 KOL 合作的三部迷你訪談中的最後一部,我們與大家想分享他的所有見解。

媒體是任何行業都不能忽視的工具,沒有人比林作更了解這一點。從法律行業到娛樂圈,再到拳擊比賽,他利用公關,塑造了一個備受關注的形象。

是什麼驅使他這樣做的呢?最重要的影響是 – 他對傳統規範的失望。
在不同工作場所和行業環境中,尤其是在傳統的行業裡,都在呼籲變革。
無論是簡單地把樂趣注入灰色、乏味的環境,還是促使人們更有創造性地思考他們想要解決的問題,林作都希望做到這一切。

此外,並沒有所謂不好的宣傳,一切的宣傳都是有價值的(正如我們在第一和第二集中討論的那樣)。
請一如既往地享受收看我們上面的訪談吧!

Stoicism. Boxing. Donald Trump. In our finale with Jo Lam, we cover it all.

This is the last of our three part miniseries with the controversial Hong Kong-based KOL, and we want to share all his insights.

Media is a tool that cannot be ignored in any industry, and nobody knows that more than Jo Lam. From law to entertainment, to boxing, he has utilized public relations and cultivated a persona that has attracted tons of attention.

What drives him? More than anything – it’s frustration with the norm.

Workplaces and industries, especially the more traditional ones, are screaming for change. Whether it is simply injecting fun into a grey, bland environment, or pushing people to think creatively about the problem they want to solve, Jo wants to do it all.

Besides, no publicity is bad publicity (as we discuss in our first and second episodes).
Tune in to our episode above, and as always, enjoy!

▶ About the guest:

Mr Lam went to Harrow Public School and Oxford University, receiving his Diploma in Law from the University of Law in 2012.

In 2015, Mr Lam officially became a practicing barrister in Hong Kong and practiced at Zhang O’Seo Great Law Firm, one of Hong Kong’s oldest barristers.

Most recently, only 2 months after joining the insurance industry, he has signed 30 policies in just two months (as of June of that year) as a financial planning consultant for Prudential in the UK, with an annual premium of HK$1 million.

In November 2015, he stood for election to the Longxing District Council elections in Huang Daxian District. In 2017 and later, he pivoted more towards media and entertainment.

▶ Contact Jo Lam & His Team Here:

Facebook: https://www.facebook.com/jolamchok                            

LinkedIn: https://bit.ly/3Av6lda

▶ Disclaimer:

This disclaimer informs readers/audience that the views, thoughts, and opinions expressed in the text/video belong solely to the author & participant, and not necessarily to the participant’s employer, organization, committee or other group or individual. As it can be difficult to catch some minor errors, transcripts may contain a few typos or inaccuracies.

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No one is authorized to copy any portion of the Denzity Materials or use Denzity’s name, image or likeness for any commercial purpose or use, including without limitation inclusion in any books, e-books, book summaries or synopses, or on a commercial website or social media site (e.g., Facebook, Twitter, Instagram, etc.) that offers or promotes your or another’s products or services.


Categories
Real Estate Knowledge

4 Ways to Wisely Manage Your Worldwide Property

Why…and how?

Investing in another home abroad is increasingly common.

However, foreign ownership poses unknown challenges. Foreign laws, business cultures, and currency exchange rates are just a few potential considerations in the property ownership cycle.

1. Familiarize Yourself with the Location, and the Property

Experience with the location is a must. What country are you most familiar with? Whether you previously worked abroad or are simply hoping to buy into an energetic market, here are a few considerations:

  • Where are your overseas family members?
  • Where did/will you and close contacts attend university?
  • Where do you hope to retire?

Virtual house tours are also increasingly available. Check with your agent or online property service if they offer a modern, virtual tour of the property.

Accelerated by COVID-19, more property services offer immersive, virtual house tours.

2. Employ a Property Manager

Certain property can come with a management fee. The more amenities, the higher the fee. This pays for security, maintenance, and other services that add value to your property. Whereas a fund may see a rate between 0.5% and 2%, property management fees can run between 8% to 10% of rent.

Property managers will help find tenants, conduct local compliance, and ensure that the investment remains in good quality. The more properties in your portfolio, the higher the benefit of bringing in more help to run your operation. Even for a single buy-to-let property, a property manager will help take the load off your shoulders if you spend most of the year in another country.

For a more in-depth article about hiring a property manager, read more here.

You may also like:

3. Look to Family

A majority of people tend to rely on family to manage their assets and other essentials. Compared to relying on a property manager, keeping it within a circle of trusted relatives can build up individual skills, strengthen reliability, and potentially save cost.

Especially if the portfolio is limited to one or two properties, it may be the wiser choice to leave a spare key in the hands of an overseas cousin or uncle and have them be your local attaché. However, if the stakes are considerably higher, hiring someone to handle matters professionally may be the better choice.

FFI’s article on Asian Family Office Management touches on family run investments.

4. Streamline your Payment Method

As a property manager, there are a variety of payments wide and small that require a smooth financial system. It easy to get overwhelmed with payment processing times, exchange rates, and constant notifications – especially when your bookkeeping will regularly handle the below fees:

  • Rental invoices
  • Local Taxes
  • Property Expenses
  • Mortgage Due Dates (if applicable)

If using a property manager, offload payment processing to them. Otherwise, research into cost-effective money transfer options, set up a local bank account, and contact local financial professionals. 

Whether it is for retirement or investment income, the number of international buyers is constantly growing due to globalization, availability, and affordability. And as far back as 2017, Investopedia reported a 19% leap in the overseas property market.

For more reading on overseas investment, check out IP Global’s piece, here. 

Now that you’re here…

At Denzity, we help you find your next overseas property. If you have any enquiries about the above properties, or questions about the process, reach out to our team here. Stay tuned for more investor focused content, financial advice, and industry updates.