Investing in Co-Working Spaces in Asia: A Complete Guide

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The co-working industry has exploded in Asia and it’s currently the fastest-growing market globally.

Not surprisingly, private investors and developers alike try to profit from this new market, and the supply of co-working spaces increases steadily.

It’s not strange, as it’s said that 30% of office space will be co-working spaces in Asia by 2030. Thus, co-working is not a temporary trend, but here to stay long-term.

In this article, you’ll learn the following

  • What is a co-working space?
  • The co-working space business model
  • The co-working space market in Asia
  • How much can I earn when investing in co-working spaces?
  • List of co-working Spaces by Country and Region

What is a co-working space?

Co-working spaces are started by individuals or companies who buy or lease office space and other types of premises, such as residential buildings and villas.

The same as it goes with co-living spaces, the founders sometimes partner up with local investors or property owners, to secure capital or to reduce rents.

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Investing in Co-Living Spaces in Asia: A Complete Guide

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Co-living has become a new big trend in Asia and it’s predicted to transform the real estate markets in many countries.

Everything from established developers to individual investors try to find ways to profit from this growing industry.

Yet, before you decide to invest in co-living spaces, you must understand how the business model works practically and which countries that should be of interest in Asia.

In this article, I explain what co-living spaces are, how it works when investing in co-living spaces, about the markets in the most interesting countries, and more.

What is a co-living space?

Co-living spaces are often started by companies who partner with local property owners to reduce leasing costs, to share the profits and financial burden.

Not rarely, these companies receive funding from investors to start or expand operations.

When a company has bought or leased parts of- or a whole building, they refurbish the units and install the modern amenities and utilities needed.

The units are small and with sizes of around 9 to 25 square meters with simple, but modern furniture like a bed, a desk and a private bathroom.

Here, the idea is to spend time in the common areas, to socialize, and to engage in activities within the community. Many choose to live in co-living spaces to grow their network and to develop as persons.

Typical tenants are young persons who just arrived or that plan to stay short-term and cannot sign rental contracts stretching over 12 months.

That said, you also find locals who opt-in for co-living as it’s convenient and comparably cheap.

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Interior Design in Hong Kong: Q&A with JC Vision

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Located in Central on Hong Kong Island, JC Vision is a renowned interior design bureau with clients in Hong Kong, mainland China, Taiwan and Vietnam.

Its founder, Joseph Chang, has worked with interior design for more than 15 years and has been featured in many magazines and papers.

Some examples are Squarefoot and South China Morning Post (SCMP).

We invited Joseph to let him explain how it works when hiring an interior design bureau like JC Vision, how they manage projects and whether it’s the right thing for you.

Thanks for being here Joseph. First, can you tell us a bit more about what you do at JC Vision?

JC Vision is an interior design company and most of our projects are finished on turnkey basis.

This means that we help our clients from scratch to completion, like space planning and constructions.

Sometimes, this includes the restructuring of entire house & furniture productions.

We also take care of the aesthetic details, which give us lots of fun over treasure hunts. We can find handsome substances, Lalique decanters, mercury glass lamps, couches, nightstands….. to flower arrangements, you name it.

How would you describe your typical client?

Over the years, we have worked with people from different backgrounds.

Generally they’re businesspeople or professionals, like bankers, barristers, real estate developers, professors and retired investors.

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7 Asian Countries Without Capital Gains Tax

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Investors often pay much attention to the taxes and fees they have to pay at the time of buying property.

Truth be told, stamp duties, VAT and real estate agent fees can become significant when added up.

But, to have a complete exit strategy, it’s equally important that you understand what taxes you need to pay when holding and selling property.

In most countries, sellers need to pay capital gains tax when selling property. The tax can be substantial, especially if the property has increased much in value.

In this article, I list Asian countries where you don’t have to pay capital gains tax.

First, let me explain what capital gains tax is and how it’s calculated.

What is Capital Gains Tax?

Capital gains tax, sometimes referred to as CGT, is collected by governments and charged to the profits made when selling assets. Might it be real estate, businesses or stocks.

In Asia, capital gains tax rates normally range between 0% to 20%, depending on where you buy. With rates that high, the tax can reduce your profits significantly.

Not to forget, you might even be subject to capital gains tax in countries where the tax is generally not charged.

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Buying Commercial Property in Hong Kong: The Definitive Guide

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Commercial property is an untapped area for many investors, but you can reap great yields if you do your research and dedicate some time and effort.

You have many options if you decide to buy commercial property, including retail property, office space, industrial property, car parks, and more.

Still, the commercial market is rarely spoken about in the media. You mostly hear about how prime office prices change quarterly.

In this article, you’ll learn about the following:

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Buying Real Estate in Hong Kong: A Complete Guide

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Suggestion: Watch the 5 minutes video tutorial before reading this article

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Hong Kong has grown from being a small trading hub to become one of the top three financial centres over a decade. Many foreigners consider it to be a safe haven for investments and the place to be in business.

Almost 40% of China’s foreign trade is routed through Hong Kong, which has left China with the notion that it can’t compete with Hong Kong. Instead, increasing the connectivity and collaboration with the mainland has become the most viable plan.

Even if prices reach record high levels, Hong Kong continues to be an attractive spot for overseas investors. It doesn’t surprise me, as it has some of the most efficient systems and lowest taxes in the world.

Yet, before you engage in Hong Kong’s property market, it’s important that you learn about the market, the buying process, prices, property taxes, and more.

In this article, you’ll learn the following:

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Buying Real Estate at Auction in Asia: Interview with World Auction Alliance

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When you think of an “Auction” in Asia you may picture a venue where people are buying luxurious paintings, jewelry, or even huge land purchases.

But wait, it’s a residential real estate auction, and the live event is open to bidding by anyone, regardless of their location, using an absolute real-time internet application open to a global audience.

Asia is now embracing auctions as an alternative method to sell and buy newly developed and under-construction residential property – and it can offer buyers the chance to get great savings over the original asking price, because at auction, “the buyers set the price.”

Auctions save time and money for all concerned and are popular all over the world to sell various assets. At a real estate auction, property can trade quickly, at fair prices, in a surprisingly open, honest, transparent, and hassle-free process.

Surprisingly, 30% of all residential sales in Australian cities are sold through auction.

In Singapore, according to JLL, it’s now being recognized as an alternative method to sell high-end units.

About World Auction Alliance:

World Auction Alliance (WAA) is headquartered in Hong Kong and their management pioneered real estate auctions in the United States; having transacted over 2,000 units and $1.1 billion in auction sales in its first 3 years.

They also elevated themselves to be one of the top three real estate auctioneers in the US.

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Hong Kong Property Market Outlook in 2019: A Complete Overview

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Hong Kong is famously known for being one of the easiest and best places to do business. Income and corporate taxes are among the lowest in the world and you can set up a company within days.

Not to forget, the market is transparent and closely regulated. Hong Kong will always be a preferred destination for real estate buyers.

Foreign property investors, mainly from Mainland China, have poured in the past years and the property market is one of the hottest and most frequently mentioned in the local and foreign media.

In this article, I explain how Hong Kong’s property market has performed the past years, what’s driving the market, and what my predictions are for the market in 2019.

Hong Kong’s property market in 2017 & 2018: A throwback

Hong Kong’s property market is one of the hottest and real estate is among the most expensive in the world, outperforming places like Singapore and Sydney.

Prices have increased by double digits and in the second quarter of 2018, the year-on-year price increase was 13.5%, a bit higher than the price increase in the first quarter.

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Top Property Management Companies in Hong Kong: A Complete Guide

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Hong Kong has some of the hottest real estate markets in the world, foreigners and mainland Chinese investors continue to push prices and property taxes to new sky-high levels.

Commercial property is high in demand, especially in the central business district where rents are among the highest in the world.

If you rent or plan to buy property in Hong Kong, you also need someone to maintain it for you. In this article, I present some of the biggest and most popular property management companies in Hong Kong.

1. Parkland Property Management

Parkland Property Management was founded in 1977 and has been a joint venture of Ryoden Development Limited and TL Property Consultants International Limited since 2011.

Ryoden Development Limited started out as early as 1983, acting as a property development company. TL Property Consultants International Limited, on the other hand, is a property consultancy from Shanghai.

The current executive director, Tony Ka-tung Leung, holds a Ph.D degree in business administration and has over 35 years of experience in real estate and in the hotel industry.

He previously worked at the Buildings & Lands Department and served several prominent property developers. The management team currently has 11 members.

The company won the award of “environmental management” in 2007 and their clients include companies like Pokfulam Terrace, and many more.

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Hong Kong Property Loans for Foreigners: A Complete Guide

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Buying property in Hong Kong is straightforward and it’s not as common to come across non-serious real estate agents, in comparison with developing countries like Cambodia.

Still, prices are among the highest in the world, a reason why many Hong Kongers now decide to invest overseas, in countries like Vietnam instead.

If you buy property in Hong Kong, you’ll probably want to know what loan options you have. Therefore I’ve contacted a number of Hong Kong banks and written this guide. Let’s have a look.

How can I get a property loan as a foreigner in Hong Kong?

I was surprised when talking with different banks in Hong Kong and realized how open they are to foreign borrowers. The process to apply for loans is very similar between locals, PR holders and non-resident foreigners. This is something we’ve seen in Singapore as well.

The key aspect that determines how much you’ll be able to obtain is mainly depending on your source of income. The banks don’t take your nationality into consideration, which is good, it’s all about your source of income.

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