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Real Estate Knowledge

Why you should invest in Salford

When you ask the people where to invest in the UK, the general opinion is always London. However, we recommended you take a look at Salford, which is located in Manchester in Northern England. In recent years, Salford has continued to develop, creating a large number of job opportunities, the overall labor power and housing demand is increasing, with convenient transportation, it is definitely the best choice for investment.

Convenient

Geographically speaking, Salford is very close to big cities like Manchester. This strong link to a major city implies its prowess in reach. Transportation is made easy because of this linkage. Starting from Salford Central Railway Station, one stop to Victoria Station (Manchester’s transport hubs), and then transfer to Light Rail. Then you could easily reach Manchester’s Chinatown, Soho’s Northern Quarter, Spinningfields and shopping districts. Convenience means that you are allowed to live in further areas, while still being able to come in contact with modern society. This is something that the general public desires, and in other words, something that would be worth investing in.

Job Opportunities and strong signs of development

Up and coming businesses are always tight on money, as such, saving whenever they can is something that companies want to do when starting out. Thus why London is out of the picture. Unless you have a large stream of revenue to begin with, London just isn’t worth it anymore. As such, places such as Salford are slowly creeping into the eyes of startups. With good connections to the city while being far enough for lower standards of living is more than desirable. As more and more companies move into Salford, it would evolve into a central business district of its own. Even now, Salford is home to over 8700 businesses and employs more than 127000 people, with big name companies such as Talktalk and Vodafone. Being this top business hotspot, Salford is soon to see more growth as it becomes more and more business centric. 

Rise in reward

By the end of the day, what matters more is numbers. As smart investors, we are used to hearing promising investment opportunities that somehow lay flat. Which is why we need numbers, concrete data to back our investments up. According to data from the British Government’ HM Land Registry, starting from March 1, 2020, the overall average residential property price in Salford will be approximately 170,000 pounds (1.62 million Hong Kong dollars), an increase of 1.53% month-on-month and year-on-year. It recorded an increase of 2.92%.  In terms of long-term appreciation, London property prices have not risen as much as Salford, Manchester or even Greater Manchester.

Conclusion

We believe that there are a lot of hidden hotspots in the UK, for example Salford and Liverpool. Sometimes, it’s easier to look for what everyone trusts. However, going against the norm is what we as Denzity also believe in. Just because most people believe in something doesn’t mean the savvy investor has to follow.

Whatever your preference is, Denzity is here to help you make a better decision. Our Portal lists many overseas properties managed by trusted real estate companies all over the world. If there is a place to find your dream home this would be it!


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Market Updates

Denzity 2021 Wrap-Up

Denzity 2021 Wrap-Up

Denzity completes another year of operations in 2021, finding success in many different avenues of content creation. product development and presence in the PropTech space. Watch the video below to catch up with all that has happened this year!

It’s been a long, but fruitful journey since Denzity’s inception and we would like to thank all of you for coming along for the ride.

Our Content

While we started with simple zoom chats over different property markets and PropTech concepts, we have come a long way to shooting high-production videos and inviting many different guests (KOLs like Jo Lam, Andrea So, Larry Hung) to discuss topics related to Real Estate and beyond – PropTech, digital marketing, funding and financing.

Our Product

Along the way, we’ve heard your feedback and those of our peers/advisers. We’ve come closer and closer to shaping what our product is going to be (don’t tell anyone, but we’ll be launching it very soon in 2022!). Here’s a hint: there’s been a dearth of efficient and accurate information online when it comes to property purchases and we want to solve that issue for investors and homebuyers by providing them with a real-estate focused media and search platform!

PropTech

Our CEO and founder Darren Wong has been involved heavily in the PropTech scene, first founding the Hong Kong PropTech Institute and publishing the white paper “PropTech Landscape in Hong Kong.” Towards the end of the year, he signed onto the Hong Kong PropTech Association to help with research and content creation.

Our Thanks

Our deepest gratitude goes out to the entire team at Denzity, Bryan (our resident art director and Darren’s brother), our advisors such as Akina, and all the friends supporting us from the sidelines. Thank you so much!

Watch the video to catch every single detail and hear from Darren directly!


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Tried of WFH?|Hong Kong’s Co-working space is thriving again?

On the last Denzity Insights episode of 2021, we sit down with Tinnie from The Center Space. She tells us about the current state of coworking spaces, how she runs Hong Kong’s highest co-working office and the future of work arrangements! Let’s dive right in.

The Center Space first opened its doors to professionals in August. Since then, they have come a long way. Here’s a quick summary of our discussion with Tinnie!

What do you think of the impact Covid has had on coworking spaces?

According to Tinnie, business has been booming, and the space has managed to reach 90% occupancy in under four months. The factors driving demand are employees looking to work away from home after being cooped up for 2 years and businesses that seek hybrid work solutions to facilitate a variety of team compositions. Flexible lease terms mean that someone can rent a facility for simply a month or purchase an entire year’s usage.

What does the Center Space do differently compared to other coworking spaces?

A key attraction is the Center Spaces’ location, perched as it is atop The Center, on the 76th floor. Members can oversee the city sprawled out beneath them. Tinnie explains that the space also provides a sense of spaciousness and community as its 24,000m2 area holds fewers desks than its competitors, whereas 30% of the floor map belongs to communal spaces.

How have you designed the place for the experience you want to provide to customers?

The thinking behind The Center Space’s design is to provide the customer with a hotel-style experience. As Tinnie exclaims, one shouldn’t feel that they’re in an office space, but a hotel or business lounge. Even their hiring was geared towards this goal, as the Center’s employees all come from a hospitality background and 5-star hotels.

Conclusion

Watch the entire video to catch Tinnie’s exact thoughts.

About the guest:

Tinnie Choi,Head of Sales and Operations

Tinnie Choi is the Head of Sales and Operations at The Center Space, a versatile workspace located at the heart of Central that combines functionality & design. In the months since the Center’s launch, she has been helping a lot of businesses from start-ups to established enterprises by providing them with customized workspace solutions. The Center Space provides many different servies such as hot desks, various office space configurations, virtual office set-ups, event spaces and much more. To best engage with her clients, Tinnie prefers greeting them on the 76/F at The Center and discussing their business needs over a nice cup of Barista coffee.

Connect with Guest

Contact Number: 2163 7688

Email Address : growth@thecenterspace.co

Official Website – www.thecenterspace.co

LinkedIn – https://www.linkedin.com/company/the-center-space


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Real Estate Knowledge

London? Why not invest in Liverpool?

The UK has always been a hot spot for investment by many Hong Kong people. When you ask the average person where to invest in the UK, the general opinion is always London. To be honest, their reasoning is valid, there are reasons why London is so popular. Its locational conveniences, the fact that it’s an international city, and also its diverse community. However as investors, we need to look outside of the box. Sometimes, an investment isn’t just a lot of money after you sell, but instead a comparison between how much you invested and how much you gained in return. 

Liverpool overview

In 2020, Liverpool was named the 3rd best UK location to start a business and is home to business and industry from a wide range of high-value sectors. Liverpool also has the largest wealth management center outside of London, with them holding the world’s largest business event for the third year in 2018. Tech Nation also gave Liverpool a 79% rating for Tech Sector Growth Potential, predicting its inevitable growth as a tech hub.

These are just some facts that tell us that Liverpool is up and coming. The thing is, no matter whether you’re looking to live in the property you invest in, or sell the property, the facts make it desirable. Not only desirable to you as a savvy investor, but also as a tenant who’s either looking to rent or buy, thus making the investment worth it. 

A feature of Liverpool–low entry

Due to certain political changes, a lot of people right now are looking for an easy way out. This may be it. Liverpool is currently undervalued, meaning that the price for housing is lower than the average in the UK. If you’re starting out, trying to find your first way into the real estate market, Liverpool is the place you’re looking for.

In 2020, places such as Kensington, Toxteth and Bootle all saw great spurs in growth, mostly for student lettings. Liverpool is at its sweet spot right now, where there are signs of increasing demands, while still not enough of it for the prices to be jacked up completely yet. A sight that is perfect for investors. The fact of the matter is, London is getting too pricey for the middle-class, so what we should do now is seize the opportunity. Purchase where the demand is going to go next. If you are looking into the idea of saving and rolling your money, Liverpool is a great starting point.

High and stable rental yield

When finding a place to purchase for renting, the most important figure is the rental yield. This is a statistic that Liverpool prides itself off of. In 2019, Liverpool was named the best location in the UK for buy-to-let yields. With postcords L7, L6 and L1 with the highest rates, upwards of 8%. Even in general, Liverpool’s rental yields are around 5%, which is miles better than London’s 3%. 

Conclusion

We believe that there are a lot of hidden hotspots in the UK. Sometimes, it’s easier to look for what everyone trusts. However, going against the norm is what we as Denzity also believe in. Just because most people believe in something doesn’t mean the savvy investor has to follow.

Whatever your preference is, Denzity is here to help you make a better decision. Our Portal lists many overseas properties managed by trusted real estate companies all over the world. If there is a place to find your dream home this would be it!


To receive more property information relating to the UK, Canada and Hong Kong, sign up to our newsletter at the bottom of this page.

Follow us on:

👉 Facebook: https://www.facebook.com/Denzity.io 

👉 Instagram: https://www.instagram.com/denzity.io/ 

👉 LinkedIn: https://www.linkedin.com/company/denzity 

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Real Estate Knowledge

Why Hong Kongers return from the UK?

Nowadays, immigrating is the trend for HongKongers to discuss their future. Normally, the factors that affected Hong Kong citizens wanting to leave Hong Kong included a search for a better work-life balance, wanting to give living abroad a try, and a desire for social and political stability. However, the bonds of Hong Kong sometimes may trigued the young emigrants who will eventually return to the city. Here are some reasons for us to look at.

Cultural Disconnect

Take the UK as an example, the BNO grants Hong Kong citizens a lot of privileges. Whether that’s rights that are similar to the UK born locals’, close to no restrictions on immigration, etc. However, there are implicit things that don’t come up on paper. One of the main ones being the cultural differences that people are going to face. 

The fact of the matter is, as long as you aren’t an English native speaker, you are bound to face some type of segregation. This might not be because of racism necessarily, but maybe even because people find it difficult to communicate with non-natives. What this means is that you would be stepping into a country where you have a miniscule amount of friends and family, on top of the differences in people’s lifestyles. 

Hong Kong may have been under the occupation of the UK in the past, but times have changed. When you get down to the nitty gritty, we all share differences that we might not be able to accept. Things such as cuisine, mannerisms, and common etiquette. These may seem insignificant to a person, but slowly these items add up, and at some point the cultural shock that most Hong Kongers would feel would become overwhelming.

The occupational scene

Although the British government was generous enough to create the 5+1 visa, making it easier for immigrants with a BNO to become a citizen. It may be more difficult than it seems. The 5+1 system judges an individual by the economic contribution that the person may have made. And yet there are a lot of transitional issues that immigrants are going to face during the transition. 

Businesses want to create offices that are collaborative. They want their employees to communicate with each other as transparently as possible. As such, hiring someone who has lived their whole life in the same country as the majority of the office would seem more desirable. Hiring someone who comes from a completely different background would indeed create a more diverse office, but not a more connected one. Thus why there is going to be an unspoken bias towards locals. 

In addition, the qualifications in Hong Kong may not translate as smoothly to people in the UK. Take teachers as an example, Hong Kongers have been trained to teach the HKDSE system, while those in the UK are trained to teach A-levels. If immigrating teachers would like to be employed, they would have to go out of their way to get a qualification that suits the general system.

The Facts

These may all seem like fragile assumptions. Yet we have sources to back these claims. SCMP has mentioned that half of the immigrants from Hong Kong are still unemployed. Projections have shown that there are going to be around 120 to 150 thousand immigrants only in this year. Despite the low rates of employment in the UK, more and more people are still moving there on a wing and a prayer. By the end of the day, there are going to be Hong Kongers in the UK that can only settle with a worse job or no job at all. Even though some would succeed without a doubt, the odds are stacked against most. Something that would deter them from staying and instead be forced to leave whether that’s by choice or not. 

Conclusion

The hype seems to be there, and deservingly so. The idea of a lack of freedom is frightening to a lot of people, sometimes so frightening that it induces rash decisions. However, we urge you to do research on the topic, truly understand your options before making a final decision. 

Whatever is your preference, Denzity is here to help you make a better decision. Our Portal lists many overseas properties managed by trusted real estate companies all over the world. If there is a place to find your dream home this would be it!


To receive more property information relating to the UK, Canada and Hong Kong, sign up to our newsletter at the bottom of this page.

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Real Estate Knowledge

HK Immigration | Are people leaving forever? Why?

Each month, hundreds of HongKongers immigrate to the UK and Canada. Today, we analyze the differences between mass immigration pre-1997 & 2021. Watch the video to catch an entertaining dive into Hong Kong’s dramatic history:

What is Net Migration?

It is the number of people entering a country against the number of people leaving it. So, if the net migration rate is positive, it means more people coming in and fewer people leaving. If it’s negative, well – it means a lot of people want to get out immediately!

The 1960s Immigration Wave

During this decade, Hong Kong was filled with social instability, economic uncertainty and political unpredictability. In fact, the net migration rate of Hong Kong in 1963 and 1965 was around -250% and -200% respectively. But in 1966, the tables flipped completely with net migration rates surging to 200%. That’s some insane bipolarity, especially when compared to 2021’s net migration rate of -4.6%!

(source – World Bank)

Most outbound (rich) citizens took off to countries in Southeast Asia, South Africa or South American countries. 

The Pre-1997 Immigration Wave

The Sino-British Joint Declaration was signed on December 19, 1984. No one really knew what was going to happen after 1997’s handover. Social instability, economic uncertainty and political unpredictability consumed the city’s populace! (Have you started to notice a pattern here?) Between 1987 and 1997, about half a million HongKongers surged outwards to create a vibrant Chinese diaspora sprawling across the United States, Canada, Australia and a few other places.

2021 – The Exodus of Today to UK & Canada

The tense events of 2019 and the COVID outbreak in 2020 have curb stomped Hong Kong’s economy and society into the ground. In 2019, Hong Kong’s GDP saw a drop of 1.68% and an even steeper fall in 2020 of 6.08%.

According to a survey conducted by Ruida International, 75% of Hong Kong financial advisers stated that they had received lots of inquiries about offshore investment and immigration over the past 12 months. Mainly people want to immigrate to the UK (91.7%), Canada (50%) and Australia (41.7%).

In general, people are just not happy. Who would be excited about living in the world’s 4th most expensive city with the world’s highest rent and a serious case of income inequality?

The Question: Will People Return?

Watch the entire video to catch our analysis of the situation. Also find out more about “Astronaut Families”, Chinatowns and the sentiment of Hong Kong youth today.


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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.

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Market Updates

Power of PropTech! Can Innovation improve Hong Kong Real Estate?| ft. Akina Ho

On our second Insights episode with Hong Kong PropTech Association (HKPTA), we talk to Head of Digital Transformation & Innovation – Akina, who has had extensive experience in Silicon Valley and boasts a track record of having built a successful unicorn in Hong Kong.

She has a very concise roadmap for how the organization and important stakeholders in Hong Kong’s real estate and PropTech spaces can come together to accelerate the growth of technology, and catch up with years of stagnation. According to Akina, there are a few things both PropTech start-ups and big real estate firms can do better.

She suggests start-ups to focus on survival. Go where the money is, instead of stubbornly sticking to a pre-conceived product. She highlights the ability to re-invent and pivot, citing Hyundai’s entry into the US as a prime example of how a company looking to sell one product (consumer motorbikes) capitalised on a completely different opportunity (mountain biking). Meanwhile, real estate companies should dedicate an influential person within the firm to specifically handle startup cases, especially if they want to bypass some of their bureaucractic hurdles. Most start-ups barely last half a year whereas corporate due diligence processes can last up to two years.

While tightening the bolts on either end, Akina herself believes that a platform like HKPTA could be the bridge Hong Kong is looking for. She hopes to add value to all stakeholders (developers, MNCs, start-ups, users, investors) involved by centralizing key business processes, negotiating proof of concepts and essaying the role of a match-maker within Hong Kong, to China or even internationally by shipping Hong Kong solutions overseas.

Akina goes onto explain what a proof of concept is and how it can foster innovation. She also discusses other chokeholds PropTech development faces, and what the future could look like as technology continues to advance rapidly.

Watch the video above to catch one of our densest Insights episodes to date!

▶ About the guest:

Akina Ho is the Head of Digital Transformation & Innovation at Hong Kong PropTech Assocation, with innovation expereince both in Silicon Valley and Hong Kong. The association consists of a team of professionals, experts and entrepreneurs from various industries such as PropTech, media, Real Estate and Finance. Their goal is to create a collaborative ecosystem that brings together property developers, investors, and emerging PropTech startups. They are dedicated to foster communication, drive innovation agenda within the property industry, and encourage technology-enabled solutions to improve lives, businesses, cities, and the environment.

▶ 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. This might be painfully obvious – 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. 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. Enjoy!