HK$920 per hour for maths course, 22 years old CEO and HK$105,603 per sq ft home.

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

If you have children today and you want them to be great at mathematics, you will send them for maths tuition. A tuition centre will be cheaper as it caters to a large group of students or it could be a one to one for RM100 per hour? Well, someone in Hong Kong have a super-duper choice. They could send their kids to Causeway Education which is a centre for secondary students and they charge HK$920 RM487) per hour for a course in mathematics. I have no idea how popular is this centre but its chief executive had just bought a property in Hong Kongs most prestigious addresses. He paid HK$916 million (RM485 million) for it. He is just 22 years old by the way…

Article in South China Morning Post here. The CEO of Causeway Education, Matthew Cheung Siu-woon bought a 8,674-square foot (806 square metres) house at Mount Nicholson on The Peak in June, according to a Land Registry document released on Wednesday. This purchase comes at a time when everyone expects the luxury property market to be dampened due to poor sentiment. Cheung is the executive director of his father Kenny Cheung’s company Cheung & Sons, which has businesses spanning real estate, education, agriculture, building materials and mining. Causeway Education is a unit under Cheung & Sons. The property arm of Cheung & Sons stretches across China, Hong Kong, Australia, the United Kingdom and the United States. “Over the past 20 years, we have led over 100 development projects with a total development area reaching 10 million square metre,” according to the firm’s website. “The projects range from residential to commercial, retail and industrial.” The article is a long one. Do read the Article in South China Morning Post here.

Three things we learnt here. Number 1. Real estate will always be a generator of wealth and with this wealth comes a lot of other businesses which will then create more sources of wealth. Cheung & Sons have proven that with their 20 years history and 100 development projects. Plus the latest news about this purchase of a luxurious real estate. Number 2. It’s expensive in Hong Kong and this is an advanced property market. Median income in Hong Kong for a household is HK$28,100 (RM14,800) per month. Many times higher than the median income in Malaysia but ownership of a roof over our heads will be vital in the future when we look at the rental for one. Number 3. Poor sentiment has got nothing to do with not buying a property. It has more to do with snapping up properties at a good price. It does not have to be a multi-million ringgit one. It can be a great one at a reduced price for example. Happy purchasing one.

Please LIKE kopiandproperty.com FB page or Sign Up for free to get daily updates about the property market.

<Featured Image is courtesy of Stock Photos from seaonweb >

Next suggested article: Hong Kong’s property and Malaysia’s property attraction

We love to hear from you (Leave reply)

LIKE us for property news update, FREE.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You may enjoy these articles too.



kopiandproperty.com is everything about property related writings and news. Enjoy reading with a latte.

Leave a Replay

LIKE us for property news update, FREE.

Property investment news everyday? Subscribe for free!

An article a day, keeps updated all the way.

Join 1,250 other subscribers

Property investment news everyday?

An article a day, keeps updated all the way. Subscribe for free!

join the family

Like us for daily investment news and more