Wednesday, 19 December 2018

To all our Christian relatives, friends, clients and associates throughout the world we wish you and yours a very Merry Christmas and Happy New Year.


Vancouver home prices just fell the most since 2008, extending declines in Canada’s most expensive city

Best Asia Real Estate Editor's Comments:

Boy did I pick The Canadian real estate market correctly the last 10 years.
Lawrence dictating  his weekly blog in Europe


In 2009 in my Bali news and views newsletter and blog I recommend that clients purchase real estate in Vancouver and in fact in most places in Canada. 

Simultaneously I purchased several acres there, just outside of Victoria, when I realized that there was hardly any supply and demand was increasing dramatically primarily from Chinese.

I held the property for eight years and felt that the market was getting little overbought last year and sold it. The profits were not as good as I expected and nowhere as close to what I made an Bali.

Last year I predicted that the markets were going to fall across Canada after I visited Canada during there hundred 150th anniversary the year before.
As always when I make a radical prediction like that after years of exponential growth Canadians didn't believe me. They believe me now.

Soon thereafter the Canadian government put certain restrictions and added taxes on foreigners and the market started to fall.

Right now I expect the market to fall another 10% to 30% in places such as Vancouver and Toronto.

The reason is simple the same reason last year I projected that Melbourne, Sydney and Brisbane Australia would fall along with Auckland in New Zealand because the Chinese are pulling out of those markets.

In the meantime the Chinese are starting to purchase in Bali for the first time in history.

They are currently the number one tourist to Bali with a 7% increase over last year.

I believe they are going to be one of the top buyers along with the Russians who are coming back.Their purchases will be far Surpassed by baby boomers who want to retire here.

So far I am  batting 100% on my predictions for at least the last 20 years for real estate around the world. 

If you want to see my predictions for 2019 and profit from them in Asia and especially for Australia and Bali attend my free seminars on the January 17th. and 19th in Bali.

Details along with a reservation link are listed below the article.
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The fall of 1.9 per cent in the past month has been blamed by the Canadian Real Estate Association on tougher mortgage rules
Vancouver has also been subjected to a series of demand-curbing measures including a foreign-buyer tax, a speculation tax and a vacant homes tax

UPDATED : Tuesday, 18 December, 2018, 3:12am




Bloomberg



INTERNATIONAL
Vancouver luxury home sales fall in first quarter of 201815 May 2018

Home prices in Vancouver fell 1.9 per cent in November from a month earlier, the most in a decade, extending a recent run of declines for Canada’s most expensive real estate market.

The figures suggest momentum earlier this year may have been just a blip, as consumers adjust to tougher federal mortgage qualification rules. After rebounding to a record in May, prices nationwide have dropped for six straight months, the Canadian Real Estate Association reported Monday, and are hovering at levels little changed from mid-2017, when interest rates started to rise.



“The decline in home ownership affordability caused by this year’s new mortgage stress-test remains very much in evidence,” said Gregory Klump, CREA’s Chief Economist.

“While national home sales were anticipated to recover in the wake of a large drop in activity earlier this year due to the introduction of the stress-test, the rebound appears to have run its course.”
Meng’s mansions: inside Huawei CFO’s Canadian connections


Vancouver has also been subjected to a series of demand-curbing measures including a foreign-buyer tax, a speculation tax and a vacant homes tax, amid concerns about the role of foreign money in the city.

From a year earlier, prices fell 1.4 per cent to C$1.04 million (US$780,000), CREA reported. That was the first year-over-year decline in five years, and it slowed the nationwide price increase to 2 per cent. Toronto benchmark prices advanced 2.7 per cent.



Nationwide, home resales declined 2.3 per cent in November from the previous month, the most since April, and are down 13 per cent from a year earlier.
Fix Canadian housing woes with Chinese millionaires? That’s rich

The realtor group also now forecasts sales to fall 0.5 per cent next year. That compares with a September prediction that sales would increase by 2.1 per cent.

Earn *10% to *20% per annum. The second best time to buy Bali real estate this century.

Buyers, sellers, brokers, agents, investors, lessors or renters will benefit from attending one of our two free Real Estate Seminars in Bali in January.


Free Seminar Schedules: Dates & Times: 1. Thurs. Jan 17th. 6:30 PM to 7:45 PM or 2. Sat. - Jan. 19th. 2:00 PM - 3:15 PM.

Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.

Seminar Topics: At these seminars you will learn about:
  • The Past, Present and Future of Bali Real Estate.
  • Clarification of laws allowing foreigners total control up to 80 years. 
  • How to avoid legal problems and make sure a property is safe. 
  • How to avoid complicated laws - Indonesians married to foreigners. 
  • Why this is the second-best time to buy this century. 
  • Where are the best locations to buy for maximum profits? 
  • What properties offer the potential of *10% to 20 % per year? 
  • Discover how you can sell your property fast for the highest prices and lowest commissions on a brand-new web site.
  •  Free listing on B.A.R.E. First Class Beachfront property at almost 50% discount. 
  • Low cost properties with Luxury Villas starting as low as $158,000 for a three-bedroom 650 m² 3-bedroom, 4 baths with private 9 mtr. Pool. 
  • Ridiculously low-priced ocean view building lots $25,000 for 500 m². 
  • Brand new Bali Luxury Retirement Villas starting at $198,000.
Limited Seating & Free Parking:


Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 – Bahasa Indonesia 62-8123632177

Disclaimer: All predictions and information are considered reliable but not guaranteed. Predictions may change substantially because of economic conditions or changes in fundamental or technical demand.

Tuesday, 18 December 2018

Retail property outlook across Asia in 2019 hinges on

Retail property outlook across Asia in 2019 hinges on mainland tourism and spending, analysts say.

Spending patterns of mainland tourists will remain the driver of retail asset prices in shopping hubs across major cities in Asia in 2019
The Singapore office of M&G Real Estate believes mainlanders will continue to explore new destinations for leisure and shopping, adding to an upbeat outlook in Asia-Pacific






Cheryl Arcibal
cheryl.arcibal@scmp.com
https://twitter.com/cherylarcibal


Property analysts have mixed views on the outlook for the retail sector in Asia in the coming year, as spending by mainland Chinese tourists remains among the wild cards that will determine the direction of asset prices.

Jonathan Hsu, head of property research for Asia at M&G Real Estate, sees retail property among the bright spots in 2019 on the premise that mainlanders will continue to explore new destinations for leisure and shopping in Asia-Pacific.

Hsu is favourable on prime retail locations in markets such as Australia, Japan, South Korea, and Singapore.

M&G Real Estate is a subsidiary of London-based M&G Real Estate. Its core fund, the M&G Asia Property strategy, had US$4 billion of assets under management as of September, making it one of the largest pan-Asian core real estate funds available for institutional investors, according to Hsu.

Hsu said Hong Kong’s retail property market is likely to appreciate 2 to 3 per cent in the coming year, while other markets in Asia-Pacific could see more muted growth of 1 to 2 per cent.

Last week, Link Reit, Asia's largest real estate investment trust, sold 12 shopping centres and malls in Hong Kong to a consortium that included Gaw Capital Partners and Blackstone for HK$12 billion (US$1.53 billion).

It was the second major disposal of commercial real estate by the Hong Kong real estate trust since a HK$23 billion sale of 17 malls in November 2017 to a consortium backed by Goldman Sachs and Gaw Capital Partners.

Hsu said that the retail property outlook remains upbeat even as China maintains tight controls on capital outflows.

“If you're buying small items, like retail shopping, there’s less scrutiny. The control is really on the big outflows,” Hsu said.

He added that mainlanders were travelling to new destinations in Asia on a more frequent basis.

“A lot of them are starting to venture into places like South Korea, Japan, Australia, and Singapore within Asia. I won't say they're bored of Hong Kong, but there’s more desire to experience new countries, different cultures so that's likely to continue and that's part of the reason why we're quite positive on prime retail streets,” he said.

Hsu said in terms of Japan he was favourable on places such as the Ginza shopping district in Tokyo, as well as selected locations in Osaka. In terms of Australia, he cited Sydney and Melbourne as the main beneficiaries of the growth in Chinese outbound tourism.

“If you walk around Orchard Road [in Singapore], you do see a lot of [mainland] Chinese shopping. So the spillover effect is likely to continue because the spending power is there,” Hsu said.

M&G Real Estate Asia acquired full ownership of the Singapore shopping centre Compass One in February 2016. Later the same year the fund bought the Casey Central shopping centre in Melbourne, the Upsquare Mall in Ulsan City, South Korea, and the Prato Nakasu in Fukuoka, Japan.

Hong Kong-based boutique real estate equity fund Arch Capital is also betting on continued growth of Chinese tourism and spending.

“We do not feel this growth would be much affected by macro events such as the US-China trade discussion,” said Richard Yue, CEO and chief investment officer of Arch Capital.

“We like the mass market retail segment and certain hospitality sectors which will continue to benefit from outbound China tourism. We have positioned our investment portfolio which would benefit from this growth in Hong Kong, Macau and Thailand.”

However, other analysts said there were growing risks to the retail outlook in 2019.

David Ji, head of research and consultancy for Greater China at Knight Frank, said signs of a slowdown in tourist spending could already be seen in Hong Kong, even as visitor arrivals from the mainland remain buoyant.

“The luxury sector has remained quiet in recent months,” Ji said. “Although the new infrastructure projects have boosted tourism arrivals to Hong Kong, retail sales did not benefit as those visitors either spent less or have changed their shopping habits. Retailers in Hong Kong in general remain cautious in the coming year. We foresee that the current weak momentum in Hong Kong’s retail market will persist in 2019.”

This article appeared in the South China Morning Post print edition as: Mainland spending holds key to Asia’s 2019 retail outlook.
Earn *10% to *20% per annum. The second best time to buy Bali real estate this century.

Buyers, sellers, brokers, agents, investors, lessors or renters will benefit from attending one of our two free Real Estate Seminars in Bali in January.


Free Seminar Schedules: Dates & Times: 1. Thurs. Jan 17th. 6:30 PM to 7:45 PM or 2. Sat. - Jan. 19th. 2:00 PM - 3:15 PM.

Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.

Seminar Topics: At these seminars you will learn about:
  • The Past, Present and Future of Bali Real Estate.
  • Clarification of laws allowing foreigners total control up to 80 years. 
  • How to avoid legal problems and make sure a property is safe. 
  • How to avoid complicated laws - Indonesians married to foreigners. 
  • Why this is the second-best time to buy this century. 
  • Where are the best locations to buy for maximum profits? 
  • What properties offer the potential of *10% to 20 % per year? 
  • Discover how you can sell your property fast for the highest prices and lowest commissions on a brand-new web site.
  •  Free listing on B.A.R.E. First Class Beachfront property at almost 50% discount. 
  • Low cost properties with Luxury Villas starting as low as $158,000 for a three-bedroom 650 m² 3-bedroom, 4 baths with private 9 mtr. Pool. 
  • Ridiculously low-priced ocean view building lots $25,000 for 500 m². 
  • Brand new Bali Luxury Retirement Villas starting at $198,000.
Limited Seating & Free Parking:


Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 – Bahasa Indonesia 62-8123632177

Disclaimer: All predictions and information are considered reliable but not guaranteed. Predictions may change substantially because of economic conditions or changes in fundamental or technical demand.

Monday, 17 December 2018

Asia Pacific a hotbed of property technology innovation





Real Estate December 17, 2018 01:00

By SOMLUCK SRIMALEE
The Nation

PROPTECH IS a new business model for Asian countries as property firms realise they need to innovate more to drive their business growth for the long term.

According to the JLL report, “The Growing Influence of Proptech” China has the most market potential in Asia.

The term “proptech” refers to the use of technology as a solution to challenges in the real estate sector. It has witnessed rapid adoption around the world, but most particularly in Asia Pacific.

Released early this year, the JLL report found that the 179 proptech startups in Asia Pacific had raised US$4.8 billion (Bt160 billion) of the US$7.8 billion (Bt255 billion) invested globally from 2013 to 2017. These flows can only increase to match the growing demand for property in Asia Pacific, the study reported.

China and India are the two most dynamic markets for proptech across the region, but other regions including Southeast Asia, Northeast Asia, and Australasia, are catching up rapidly.

Despite Mainland China having only 23 of the 179 proptech startups in Asia Pacific, it received nearly 60 per cent of Asia Pacific’s proptech funding between 2012 and June 2017.

Of the top 10 funded proptech companies globally between 2011 and 2015, the top two were Chinese: Fangdd, a real estate platform connecting property sellers to home buyers, and Aiwujiwu, a Chinese rental and second-home listings portal.

India has the largest number of funded proptech startups at 77.

Brokerage and leasing dominates India’s proptech scene. It is estimated that the country’s middle class make up almost half of its total population, and are among the highest-consuming middle class groups in the world.

India’s housing.com, a real estate search portal, placed No 6 in a list of the world’s top 10 funded proptech companies.

Singapore also is fast becoming the regional HQ for tech startups, the report said.

Branded the “smart nation”, Singapore was recently awarded top ranking in Asia in JLL’s “Global Real Estate Transparency Index”.

“The proptech sector is growing fast, especially in Asia, though adoption is still relatively low compared to North America and Europe,” noted the index.

South Korea is also mentioned there as a proptech laggard, with one of the main causes being identified as a failure to “connect the dots” on how proptech can help in the drive for better buildings and better cities.

South Korea is just starting to understand the global “smart and sustainable city” trends, and is expected to become a stronger player in the proptech space.

Asia currently has 12 companies seen as being among the world’s most notable proptech companies.

Five of the 12 are from China, including Qfang with annual sales of over US$32 billion a year; Anjuke, Mofang Gongyu with $500 million raised in disclosed funding so far; FangDD with $312.1 million in disclosed funding; and Lianjia with US$1 billion in disclosed funding.

Malaysia has two in the top 12: iProperty.com, and Common Ground, with the latter having raised $20 million in a funding round earlier this year. Singapore has PropertyGuru Group, which has raised $175 million in disclosed funding so far.

Philippines has one proptech, Revolution Precrafted, which has bagged contracts worth over $7 billion in different international markets.

HomeLane in India has raised $68 million in disclosed funding.

EV Hive is an Indonesia proptech with $24.3 million in disclosed funding so far.

Finally, Campfire Collaborative Spaces in Hong Kong has so far raised $24 million in disclosed funding.
Earn 10% to 20% per annum. The second best time to buy Bali real estate this century.

Buyers, sellers, brokers, agents, investors, lessors or renters will benefit from attending one of our two free Real Estate Seminars in Bali in January.


Free Seminar Schedules: Dates & Times: 1. Thurs. Jan 17th. 6:30 PM to 7:45 PM or 2. Sat. - Jan. 19th. 2:00 PM - 3:15 PM.

Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.

Seminar Topics: At these seminars you will learn about:
  • The Past, Present and Future of Bali Real Estate.
  • Clarification of laws allowing foreigners total control up to 80 years. 
  • How to avoid legal problems and make sure a property is safe. 
  • How to avoid complicated laws - Indonesians married to foreigners. 
  • Why this is the second-best time to buy this century. 
  • Where are the best locations to buy for maximum profits? 
  • What properties offer the potential of *10% to 20 % per year? 
  • Discover how you can sell your property fast for the highest prices and lowest commissions on a brand-new web site.
  •  Free listing on B.A.R.E. First Class Beachfront property at almost 50% discount. 
  • Low cost properties with Luxury Villas starting as low as $158,000 for a three-bedroom 650 m² 3-bedroom, 4 baths with private 9 mtr. Pool. 
  • Ridiculously low-priced ocean view building lots $25,000 for 500 m². 
  • Brand new Bali Luxury Retirement Villas starting at $198,000.
Limited Seating & Free Parking:


Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 – Bahasa Indonesia 62-8123632177

Sunday, 16 December 2018

Indonesia one of three of the best Southeast Asian countries to buy real estate

By Asian Correspondent Staff | 17th December 2018 | @ascorrespondent
56SOCIAL BUZZ



Makati City in Metro Manila, Philippines. Source: Shutterstock

REAL estate investment remains one of the most reliable and lucrative investment options going. If you track down a good deal, real estate can be a low-risk investment that can pay off in the long term.

Few regions in the world show as much promise as Southeast Asia for viable investment opportunities. Business is booming in the 10 country Association of Southeast Asian Nations (Asean) and the region is home to some of the world’s fastest-growing economies.

Rather than focus all their attention in highly developed countries like Singapore, global investors are now turning their attention to some of their less developed neighbours that show a wealth of potential at still rock bottom prices.

SEE ALSO: Singapore’s residential property prices to be at ‘standstill’ next year

Despite the odd blip, real estate markets across the region are going up. Deciding which country is right for you can be tricky.

To give you a sense of what’s on offer, we’ve compiled a list of hot cities to consider when looking for your next investment.
Cambodia


Monks walk along the waterside in Phnom Penh, Cambodia. Source: Shutterstock

Cambodia is the fastest growing economy in the region with a consistent growth over seven percent. And its real estate market is more than keeping pace.

Chinese investment has created a massive construction boom in pockets around the country. In the capital city of Phnom Penh, there is a long list of residential, commercial, and mixed-use developments recently completed, underway, in the pipeline, or in the drawing board.

Coastal areas such as Sihanoukville are also growing exponentially with condo developments creeping along the shoreline.

SEE ALSO: Property: Best condo developments in Southeast Asia

While this influx had some whispering about a possible market crash, experts are confident the Kingdom’s real estate sector is headed in the right direction. In only a few years, the market is expected to offer a breadth of options across all grades and will be able to compete in terms of quality with other centres across the Asean region.

Property experts from CBRE and Huttons CPL told Real Estate Cambodia that demand will not slow anytime soon.
Philippines


Manila is forever expanding, making surrounding areas more attractive to investors. Source: Shutterstock

The Philippines is also in the top 10 fastest growing economies in the world, and is awash with real estate opportunities. While the capital Manila is still a good prospect, especially if you have a generous budget, there are umpteen cities sprouting up at lightning speed.

Even the cities around metro Manila offer a better return on investment, with Paranaque city giving the highest rental yield of them all, according to a study by Zipmatch.

SEE ALSO: What’s behind the online property sales boom in China?

Their data suggests that cities south of Metro Manila give a rate not lower than 7.3 percent. Cities such as Parañaque, Manila, Las Piñas, and Pasay overshadow the more popular districts due to the development of new tourist attractions and other infrastructures.

Down the south of the country, as one of the fastest growing cities in Southeast Asia, Davao city is also worth a look. The city is not as saturated as Manila and the government is investing heavily in making Davao an attractive destination for both local and international investors.
Indonesia


Jakarta is one of the hottest property markets in Asia. Source: Shutterstock

Indonesia is a huge country with very varied levels of development across its over 17,000 islands. But its capital Jakarta is a good place to start.

The highly urbanised city of 10 million is home to one of the hottest real estate markets in Asia, with high-end apartments fetching a rental yield of between 7.4 to 8.5 percent.

The only downside is it can be tricky for foreigners to purchase property and the processing fees can be pricey.

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Earn 10% to 20% per annum. The second best time to buy Bali real estate this century.

Buyers, sellers, brokers, agents, investors, lessors or renters will benefit from attending one of our two free Real Estate Seminars in Bali in January.


Free Seminar Schedules: Dates & Times: 1. Thurs. Jan 17th. 6:30 PM to 7:45 PM or 2. Sat. - Jan. 19th. 2:00 PM - 3:15 PM.

Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.

Seminar Topics: At these seminars you will learn about:
  • The Past, Present and Future of Bali Real Estate.
  • Clarification of laws allowing foreigners total control up to 80 years. 
  • How to avoid legal problems and make sure a property is safe. 
  • How to avoid complicated laws - Indonesians married to foreigners. 
  • Why this is the second-best time to buy this century. 
  • Where are the best locations to buy for maximum profits? 
  • What properties offer the potential of *10% to 20 % per year? 
  • Discover how you can sell your property fast for the highest prices and lowest commissions on a brand-new web site.
  •  Free listing on B.A.R.E. First Class Beachfront property at almost 50% discount. 
  • Low cost properties with Luxury Villas starting as low as $158,000 for a three-bedroom 650 m² 3-bedroom, 4 baths with private 9 mtr. Pool. 
  • Ridiculously low-priced ocean view building lots $25,000 for 500 m². 
  • Brand new Bali Luxury Retirement Villas starting at $198,000.
Limited Seating & Free Parking:


Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 – Bahasa Indonesia 62-8123632177

Saturday, 15 December 2018

Sex sells: Chinese real estate agent paints property plans on topless women

Best Asia real estate editor's comments:
Editor, Lawrence speaking in China 10 years ago to over 200 Chinese travel agents

The Chinese must be getting desperate if they are utilizing  this type of tactics to sell real estate.

(VIDEO)
Published time: 7 Dec, 2018 16:37Edited time: 8 Dec, 2018 11:40
Get short URL

FILE PHOTO: © Reuters / Molly

A Chinese property developer got very creative during a promotional event for a new apartment complex, by painting floor plans on the backs of half-naked women.


Video footage of the bizarre promotional event for the new project was reportedly captured on November 30 in Nanning City, in southern China’s Guangxi Zhuang Autonomous Region.





Chinese property developer suspended after racy promotional stunt

Four topless Asian women appear in the footage, wearing short sarong-type skirts and nothing but paint covering their breasts in the shape of a butterfly or flowers. 

Detailed floor plans for various apartments are painted on their backs while perspective buyers ogle the half-naked women.ALSO ON RT.COMSinkhole swallows woman whole as onlookers watch in shock (VIDEO)

According to the Chinese news network CGTN, the event was heavily criticised as “vulgar and shameful” among locals, and the real estate center has been shut down while authorities investigate.


Earn 10% to 20% per annum. The second best time to buy Bali real estate this century.

Buyers, sellers, brokers, agents, investors, lessors or renters will benefit from attending one of our two free Real Estate Seminars in Bali in January.


Free Seminar Schedules: Dates & Times: 1. Thurs. Jan 17th. 6:30 PM to 7:45 PM or 2. Sat. - Jan. 19th. 2:00 PM - 3:15 PM.

Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.

Seminar Topics: At these seminars you will learn about:
  • The Past, Present and Future of Bali Real Estate.
  • Clarification of laws allowing foreigners total control up to 80 years. 
  • How to avoid legal problems and make sure a property is safe. 
  • How to avoid complicated laws - Indonesians married to foreigners. 
  • Why this is the second-best time to buy this century. 
  • Where are the best locations to buy for maximum profits? 
  • What properties offer the potential of *10% to 20 % per year? 
  • Discover how you can sell your property fast for the highest prices and lowest commissions on a brand-new web site.
  •  Free listing on B.A.R.E. First Class Beachfront property at almost 50% discount. 
  • Low cost properties with Luxury Villas starting as low as $158,000 for a three-bedroom 650 m² 3-bedroom, 4 baths with private 9 mtr. Pool. 
  • Ridiculously low-priced ocean view building lots $25,000 for 500 m². 
  • Brand new Bali Luxury Retirement Villas starting at $198,000.
Limited Seating & Free Parking:


Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 – Bahasa Indonesia 62-8123632177

Tuesday, 11 December 2018

Sydney house prices drop most in 30 years since 2017 peak

Best Asia real estate editor's comments:
Editor Lawrence dictating blog in Macau, China

 As I predicted almost exactly one year ago at my seminars on my Facebook and in our Bali and World News and Views blogs  

Australian real estate prices are crashing in most major cities except perhaps Perth. 

Unfortunately I believe it's going to get worse before it gets better and before it's all over prices may be down 30 to 50% from 2017 highs. 

I also predicted a year ago that Bali real estate prices after 4-year down turn we're heading back up. 

Nobody believed me. Anybody that's in the real estate market now knows that this prediction has also come true and prices are heading up rapidly as inventories dry up. 

Check out low price high quality Bali properties at www.bestasiarealestate.com

For my predictions for 2019 and beyond for the world's real estate markets especially Australia Indonesia Bali Asia etc. you're welcome to attend my free seminars coming up on January 17th. or January 19th. See details below this article.

WED, DEC 12, 2018 - 7:41 AM



Sydney's property market slump has reached a new milestone, with values falling further than the late 1980s when Australia was on the cusp of entering its last recession.
PHOTO: EPA-EFE


[SYDNEY] Sydney's property market slump has reached a new milestone, with values falling further than the late 1980s when Australia was on the cusp of entering its last recession.

Average Sydney home values have fallen 10.1 per cent since their 2017 peak, CoreLogic Inc's head of research Tim Lawless said Tuesday, citing data as of Dec 7. That surpasses the top-to-bottom decline of 9.6 per cent recorded between 1989 and 1991.

The declines in Australia's most populous city are accelerating as tighter mortgage lending standards crimp the amount people can borrow and as nervous buyers sit on the sidelines. While local policy makers are monitoring the market closely, none appear nervous of an outright crash.

Sydney was the epicentre of a five-year boom and prices are still more than 60 per cent higher than they were in 2012. That means few existing homeowners are underwater, and the major banks, which dominate about 80 per cent of the mortgage market, have plenty of buffer before losses would bite.





"We are obviously past the cycle peak in housing and prices naturally are coming off," Craig Vardy, BlackRock Inc's head of fixed income for Australia, said at a briefing in Sydney on Tuesday. "Moderation in the housing market is expected to continue."
SEE ALSO: Australia launches strategy to develop itself as battery hub





Mr Vardy said that the housing slump could be "prolonged" over the next 12 to 18 months and national house prices could fall another 10 per cent.

Separate data from the Australian Bureau of Statistics on Tuesday showed Sydney prices fell 1.9 per cent in the three months to the end of September, the worst quarterly performance since March 2005.

The biggest driver of the falls has been a gradual tightening of credit standards over the past four years. Concerned that standards had become too lax and the market was overheating, regulators limited the number of interest-only mortgages and pressed banks to tighten scrutiny of income and expense verification. Analysts estimate the maximum amount households can borrow has been reduced by about 20 per cent.

Australian authorities have repeatedly emphasized the declines are desirable as the boom was unsustainable, and have suggested the market is now returning more normal conditions.

In its latest survey of Australia, the OECD however warned that soft landings in housing markets are rare internationally and the country should be ready to respond to the risk of a significant price decline. Additionally, the Reserve Bank of Australia's No. 2 official Guy Debelle said banks risked exacerbating the slump if they all pulled back from lending simultaneously.

Still, mortgage data released Monday surprised to the upside, with the value of new loans to owner-occupier buyers jumping 3.5 per cent in October, the most since August 2015.

Mortgage lending has been the primary driver of bank profits over the past few years, leading bank analysts to downgrade their expectations of future earnings. However, concerns about potential losses are muted because Australian banks rarely lend above an 80 per cent loan-to-value ratio without a separate insurance policy. That means the property price declines would need to be much deeper to really hurt the existing portfolio.

While impaired loans have edged up, they remain very low by historic levels, Moody's Investors Service said in a recent report. The banks "have healthy collateral buffers against mortgage losses," Moody's said.

The major concern for the central bank is whether declining house prices will cause consumers to cut back on spending - the so-called wealth effect - potentially causing a knock-on decline to the whole economy. Traders are pricing in little chance of a rate rise next year, with some betting that now the next move in rates could be down.

Earn 10% to 20% per annum. The second best time to buy Bali real estate this century.

Buyers, sellers, brokers, agents, investors, lessors or renters will benefit from attending one of our two free Real Estate Seminars in Bali in January.


Free Seminar Schedules: Dates & Times: 1. Thurs. Jan 17th. 6:30 PM to 7:45 PM or 2. Sat. - Jan. 19th. 2:00 PM - 3:15 PM.

Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.

Seminar Topics: At these seminars you will learn about:
  • The Past, Present and Future of Bali Real Estate.
  • Clarification of laws allowing foreigners total control up to 80 years. 
  • How to avoid legal problems and make sure a property is safe. 
  • How to avoid complicated laws - Indonesians married to foreigners. 
  • Why this is the second-best time to buy this century. 
  • Where are the best locations to buy for maximum profits? 
  • What properties offer the potential of *10% to 20 % per year? 
  • Discover how you can sell your property fast for the highest prices and lowest commissions on a brand-new web site.
  •  Free listing on B.A.R.E. First Class Beachfront property at almost 50% discount. 
  • Low cost properties with Luxury Villas starting as low as $158,000 for a three-bedroom 650 m² 3-bedroom, 4 baths with private 9 mtr. Pool. 
  • Ridiculously low-priced ocean view building lots $25,000 for 500 m². 
  • Brand new Bali Luxury Retirement Villas starting at $198,000.
Limited Seating & Free Parking:


Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 – Bahasa Indonesia 62-8123632177

Monday, 10 December 2018

Be Prepared for a Housing Market Price Dive, OECD Warns Australia

Best Asia Real Estate Editor's Comments: "Don't kill the messenger".
In ancient times when the messenger came to a king while in battle and gave him bad news he was often killed him thus the saying "don't kill the messenger".

Unfortunately I have to be the bearer of bad news. 

My prediction that I made exactly one year ago on Australian real estate in in major cities, with the exception of Perth, is now coming true .

One year ago in this blog I wrote

"Most of Australian Real Estate Will Fall in 2018:

In the last couple years Bellefontaine became increasingly bearish on Australian real estate for the same reason that he became bearish on Singapore real estate three years ago. The buyers were not Australians but Chinese speculating on Australian real estate who did not take into consideration whether they obtained a positive cash flow. 


The Australian government has along with the Canadian government recently put in new laws to curtail speculation by foreign investors. Foreign investors will feel less comfortable will find other greener pastures."

Now people are no longer asking not if it's going to fall or how much it is going to fall they now realize they better get out now before it's too late.

Along with their real estate crashing will be most of Australia's economy especially the banks. I have been shorting the banks the last couple weeks earning handsome profits in a very short time period. This is not for the faint hearted or inexperienced.

Unfortunately it most likely will be an extreme exponential downturn.

Before it's all over we may see prices in cities such as Sydney down from 30 % to  50%.

Here's a headline just two days ago.

Economics By Michael Heath
December 10, 2018, 3:00 AM GMT+8

Risk of overshoot in house-price correction remains: report

Authorities should prepare ‘contingency plans’ for collapse

Soft landings in housing markets are rare and Australia should be ready to respond to the risk of a significant price dive, the OECD said.

In its latest survey of Australia, the Paris-based group forecast economic growth of 2.9 percent next year, leading to a gradual pickup in wages and inflation. While it said the housing market’s cooling was so far orderly, it warned that high property prices and household debt were potential instabilities.

“Risk of an overshoot in the price correction -- a hard landing -- remains,” the Organisation for Economic Co-operation and Development said in its report. “Estimates of housing valuation are highly uncertain” and “past OECD work has found soft landings are rare.”

Australia’s house-price decline is centered on Sydney and Melbourne and reflects credit curbs and increasingly nervous buyers. But unusually, the drop is happening against a backdrop of record-low interest rates and strong hiring; whereas historically, property downturns occurred when rates were high, growth was slowing and unemployment rising.

Downturn Deepens

Sydney's housing slump steeper than in Australia's last recession

Sources: CoreLogic Inc, Bloomberg

Note: Cumulative peak-to-trough decline

Past falls in the housing market were halted when policy easing encouraged buyers to return. Interest-rate cuts are less likely now -- and with the cash rate at a record-low 1.5 percent, the Reserve Bank has limited ammunition.

“The authorities should prepare contingency plans for a severe collapse in the housing market,” the OECD said. “These should include the possibility of a crisis situation in one or more financial institutions.”
Other Key Recommendations:


If the upswing in economic activity continues and inflation is projected to rise gradually, then authorities should gradually remove monetary accommodation through a policy rate increase
Misconduct and a lack of competition in the banking sector requires regulators to “assure strong accountability, transparency and competition in the financial sector”

With the budget deficit reduction on target, continued fiscal discipline is required and the government needs to ensure fiscal balances remain on track to reach surplus
Like the IMF before it, the OECD recommended a further shift in the tax mix from direct taxes -- such as corporate and personal -- and inefficient ones toward a higher goods and services tax and land taxes

Thursday, 6 December 2018

Perth's four-year housing bust is nothing like what Sydney and Melbourne's property markets face

Best Asia Real Estate Editor's comments:
Editor Lawrence with wife Azizah and son Darius
 on Bondi Beach Sydney July 2018
Perth may be immune from coming Australian real estate crash

As expected I am already being chastised for my Australian real estate blog predictions posted the past week. I learned decades ago if everybody thinks your wrong you're probably right and vice versa.

I also learned in Hawaii in 1980 when I owned a real estate company there and went bearish on the real estate market in Hawaii on my radio program, seminars and newsletter that you have to be ready for mass criticism, rude comments and even government backlash and loss of personal friends and associates when you predict a real estate crash in your home area. Bali realtors, agents and property owners  hated me. 


Even those who take your advice and get out before the crash, therefore saving themselves a lot of money, do not compliment you.

So I learned my lesson and here in Bali after I turned neutral and then bearish in 2014 on most Bali Real Estate when a minister made a negative remark about foreign ownership I kept my comments to myself. 

But I stopped marketing almost completely including my seminars etc. At one point I even sold my main residence which they failed to pay. 



I only started to promote Bali real estate again heavily a little over a year ago after I realized that the "blood was running in the streets" and it was time to buy Bali real estate once again. I coined the phrase "second best time to buy Bali real estate this century".

"Second best time to buy Bali real estate this century".

All indicators are that I've been right on my prediction and the market has turned around as properties that were severely discounted are now sold and property prices are increasing in several areas of Bali already.

This could be a similar situation in Perth, W.A.



In the last few days I've written  several articles  not only predicting that Australian real estate is going to fall as I have been for year but now that the economy itself may fail and go into a severe recession.


That remains to be seen and I will make a decision after I spend 10 Days in Perth December 25th. to the January 6th. while attending the prestigious Hofman Cup tennis tournament featuring stars such as Roger Federer and Serena Williams.

I will meet with local realtors, check prices and see if Perth now passes my acid test which is quite simple. Can I buy a three-bedroom home or apartment in Perth and rent it out for positive cash flow? 

I invite any Realtors in Perth or homeowners that have properties for sale that may make meet this criteria to contact me and I will inspect your properties personally. Contact me at lawrencebptbali@gmail.com

If I feel that you are correct and it passes my acid test I will be the first to recommend it on one of the largest blogs in Asia and in my Free seminars Coming up January's 17th and 19th in Bali.


This is the same challenge I put to Singapore real estate agents four years ago when I told everybody to get out of Singapore and agents working with me at the time in Singapore said I was crazy. I invited them to show me positive cash flow and nobody could.

So for the time being I will be neutral on Perth real estate while extremely bearish on Brisbane, Melbourne and Sydney and most of Australia urban areas.

Perth's four-year housing bust is nothing like what Sydney and Melbourne's property markets face

By Emily Piesse

VIDEO: How WA went from boom to bust (ABC News)
RELATED STORY: This property downturn is a different beast from the big one in 1989
RELATED STORY: 'It's not just bricks and mortar, it's home': The battle to keep your house while under mortgage stress
RELATED STORY: House prices in sharpest drop since GFC and 'will continue to trend lower'

As house prices continue their downward trajectory on the eastern seaboard, property owners across the Nullarbor are watching on with interest.

Key points:
Perth's housing market collapsed at the end of the mining boom in 2014
Since then, it has been on a constant slide while prices surged on the east coast
But experts warn Sydney and Melbourne's bust will be more significant, and swift.

Perth is more than four years into a housing downturn that is yet to bottom out after median house prices peaked at $585,000 in November 2014, according to Landgate figures.


As panicked owner-occupiers and property investors in Sydney and Melbourne try to predict what will happen from here, real estate observers and economists say the WA market may provide some clues.
Slow slide vs steep plunge

In WA, house prices were the casualty of a slump in population growth, triggered when a swathe of construction projects kicked off by the mining boom were completed.

That caused the Perth median house price to fall 14.8 per cent from its peak, according to CoreLogic data.
EMBED: Datawrapper - Sydney, Melbourne and Perth house prices

For property owners, the past four years has been a constant stream of bad housing news, leading to a surge in mortgage stress.

But the decline has been gradual, according to Real Estate Institute of Western Australia (REIWA) president Damian Collins, in contrast to the wild fluctuations underway on the east coast.

"Sydney figures show that [prices are] down 9 to 10 per cent in 12 months alone, so it's much more significant and swift, the decline," Mr Collins said.

"The rapid downturn has certainly spooked a lot of people."

The reality is that Sydney has further to fall than Perth did, according to Bankwest chief economist Alan Langford.

"If you get that far out of kilter with incomes, you're going to have a steep fall," he said.
How households react to a property bust

In Perth, the retail sector took a hit as households cut back on spending.

"We've seen a big slowdown in retail trade on the back of this sliding housing market," CoreLogic head of research Cameron Kusher said.

"I wouldn't be surprised, particularly over the Christmas/New Year period, if we do see much weaker retail conditions than what we've seen over recent years, due to the fact that property prices are falling fairly rapidly in Sydney and Melbourne."
EMBED: Datawrapper - Sydney, Melbourne and Perth unit prices

Economists say the reversal of the "wealth effect", created by rising house prices, is to blame.

"If you've got houses and share prices falling at once, a household that has equity in a house plus a share portfolio — either directly or through their super funds — they're not going to be as inclined to spend, which is why we're seeing soft household consumption growth coupled with modest wages growth even in New South Wales and Victoria," Mr Langford said.

"You're more inclined to run your savings down to finance consumption if you think your wealth is being maintained or growing."

However, Mr Langford said household consumption was holding up in Sydney and Melbourne.

"A little bit worryingly, including for the Reserve Bank, is that it is being sustained by a run down in savings, because their labour market's quite strong and people are confident in their jobs, which is great.


"But we just need to be aware that households are maintaining consumption in the face of subdued wages growth by running down savings."
PHOTO: Building approvals in Perth have halved since 2014. (ABC News: Graeme Powell)

And that has a flow-on effect to the broader economy.

In WA, unemployment remained relatively stable, but underemployment ticked up, while building approvals have more than halved since their peak in 2014.

"Certainly now, there is a big downturn in the housing construction sector," Mr Kusher said.

"It has, obviously, a flow-on effect to real estate agencies as well."
Missing out on $1 million

As potential investors sit on the sidelines, those already in the market stand to miss out on more than capital gains.

Property commentator Gavin Hegney said while prices may drop by up to 20 per cent from peak to trough, the real, risk-adjusted loss facing investors may be closer to 40 per cent.

That is due to inflation and the opportunity cost of having capital tied up in loss-making assets, which could be invested elsewhere.
PHOTO: Perth house prices slumped after the completion of large mining construction projects. (720 ABC Perth: Emma Wynne)

"You could have taken $1 million out [of Perth property] in 2014 and taken it over to Sydney and now be sitting on an asset worth $1.8 million," Mr Hegney said.

"In Perth, that would now be worth $800,000.

"That's the missing million."
The cost of moving sidelines buyers

In a downturn, capital losses are not the only consideration keeping buyers out of the market. It becomes harder for homeowners to stomach the considerable cost of moving house.

"When you've been in a market such as Perth, where a lot of people haven't seen any capital growth at all for 10 years — in fact, some people have seen negative growth — all of a sudden, those transaction costs really start to bite and it puts people off moving," Mr Collins said.

"It is going to be a while before we see a return to the turnover in volumes that we saw.

"Ten years ago, [sales] volumes in Perth were 62,000 properties a year, now it's about 32,000.

"That's been a big drop and I can't see it getting back to those turnover levels for many, many years ahead, if at all in the next decade."
PHOTO: Perth's housing price slide has yet to reverse course. (ABC: Emma Wynne)

While prices are falling in Sydney and Melbourne, Urban Development Institute of Australia (WA) chief executive Tanya Steinbeck said policy makers should "not to expect the downturn to fix the housing affordability issue".

"In WA, over the last few market cycles, it's now become a structural issue, not necessarily a cyclical one," Ms Steinbeck said.

"That's because increased supply doesn't always meet the needs of those who are on low-to-moderate incomes.

"I anticipate that it may not meet that need in Sydney and Melbourne, given the significant increase in the median house price over there."
A stagnant market becomes the 'new normal'

In Perth, even after four years the decline in market sentiment has yet to reverse course, plunging to new depths in housing data released this week.
EMBED: Home prices November 2018 Datawrapper chart

"[People] feel that's the new normal, that prices just stagnate or decline moderately," Mr Collins said.

"There doesn't seem to be any perception amongst anybody out there in the market, generally, that they're going to make any substantial capital gains, if any at all.

"Whereas you go back 18 months ago, in Sydney and Melbourne, there was the exact opposite. They just thought it was going to go up 15 per cent per annum as far as the eye could see."

Real estate observers say credit tightening, initiated by the banking regulator to tame investor activity on the east coast, meant Perth became collateral damage.

"Twelve months ago, it was actually starting to look like there was some green shoots in the market," Mr Kusher said.

"Once credit conditions tightened again at the start of this year, any hopes of a recovery in the market faded and that's why we've seen values falling again."
Making the most from a bust

However, the real estate industry says downturns can present opportunities, too.

"It's a great time to continue to invest in infrastructure in the downturn," Ms Steinbeck said.

"It's far more affordable for the state to invest in infrastructure in a softer market.

"You've got labour costs that are significantly lower, you've got more trade availability and it continues to boost the economy."
PHOTO: House prices in Melbourne are predicted to fall further. (AAP: David Crosling)

For now, CoreLogic expects prices on the eastern seaboard will continue to fall.

"Realistically, we see that the downturn's probably going to continue throughout most of next year and into early 2020," Mr Kusher said.

"Our view's always been Sydney and Melbourne will fall somewhere in the 15 to 20 per cent range and that's looking … very likely at this stage.

"People are still, in a lot of instances, well ahead, but I guess people have been accustomed over the last 25–30 years for property prices to go up, so when they're going down it's a bit of an uncomfortable situation."

Earn 10% to 20% per annum. The second best time to buy Bali real estate this century.

Buyers, sellers, brokers, agents, investors, lessors or renters will benefit from attending one of our two free Real Estate Seminars in Bali in January.



Free Seminar Schedules: Dates & Times: 1. Thurs. Jan 17th. 6:30 PM to 7:45 PM or 2. Sat. - Jan. 19th. 2:00 PM - 3:15 PM.

Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.



Seminar Topics: At these seminars you will learn about:
  • The Past, Present and Future of Bali Real Estate.
  • Clarification of laws allowing foreigners total control up to 80 years. 
  • How to avoid legal problems and make sure a property is safe. 
  • How to avoid complicated laws - Indonesians married to foreigners. 
  • Why this is the second-best time to buy this century. 
  • Where are the best locations to buy for maximum profits? 
  • What properties offer the potential of *10% to 20 % per year? 
  • Discover how you can sell your property fast for the highest prices and lowest commissions on a brand-new web site.
  •  Free listing on B.A.R.E. First Class Beachfront property at almost 50% discount. 
  • Low cost properties with Luxury Villas starting as low as $158,000 for a three-bedroom 650 m² 3-bedroom, 4 baths with private 9 mtr. Pool. 
  • Ridiculously low-priced ocean view building lots $25,000 for 500 m². 
  • Brand new Bali Luxury Retirement Villas starting at $198,000.
Limited Seating & Free Parking:



Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 – Bahasa Indonesia 62-8123632177

Wednesday, 5 December 2018

Australia may be heading into a prolonged recession as real estate, stock market, and currency sell off.


As my readers are aware, I've been bearish on the Australian real estate market for over a year now. During the last 12 MTh’s It's gone from, I don't believe it stage, to, it will come back stage, to finally, how far is it going to go, stage. 


Dr Helena Studdert, Australian Consulate 

in Bali 2018 with Editor Lawrence



At dawn this morning before I went for a jacuzzi and swim I shorted the Australian stock market, ANZ Bank along with the Australian currency against the Chinese Yuan.

All because I believe Australia is in for a serious amount of pain in the next couple years.

There Is a good chance that they may endure the most serious recession in over three decades. 


As real estate continues to fall banks will start to call in marginal loans placing many people in bankruptcy. Some Australian banks may fall into insolvency.

This will hurt retailers as Australians have less money to buy.

There may be substantially large layoffs of workers.

The only thing that may be their savior is if the two largest economies China and United States turn around and start buying raw materials again. I don't look for that to happen in the very near future.

So unfortunately, the near future looks very pessimistic.

I have a lot of Australian friends and I hate to be the bearer of bad news.

You can put your head in the sand and wait for this all to pass or you can get out now with the knowledge that you've earned handsome returns already.

Remember the famous stock market saying, “bulls make money, bears make money, and pigs get slaughtered”. Don’t be a big don’t be greedy if you have made 30% to 50% return on your real estate investment in Australia over the last decade take the profit and run. There is not going to be any Chinese investors to bail you out this time.

If you are smart you will take your profits and invest or retire in much greener pastures such as Bali which has already had their worst real estate recession in recorded history over the past four years.

If you buy now when prices are down 20% to 50% from 2014 you should see increases of 30 % to 100 % over the next five to ten years. Because Bali’s economy is still blooming with record tourism every year since it is ranked the fourth most popular destination in the world by Tripadvisor. The Chinese are just starting to invest here, and you know what they did to Singapore, Melbourne, Sydney and Brisbane. As the saying goes follow the money or in this case follow the Chinese money.

If you want to learn from a real estate expert that’s made a fortune already in Bali real estate, has lived here for 22 years and is married to a professional Notaris who has a vast amount of knowledge about transactions in Bali real estate you will attend our free forthcoming seminars on January 17th. Or January 19th. See details below this article.
________________________________________________

Asian markets tumble ahead of closely watched OPEC meeting; Hong Kong falls more than 2.5 percent

  • Hong Kong's Hang Seng index shed more than 2 percent in the morning.
  • The moves in China came after Huawei's CFO, Meng Wanzhou, was arrested in Canada.
  • OPEC and other top oil producing countries are set to meet later on Thursday in Austria, with a series of issues on the line.
  • Chief among those is the discussion surrounding crude output policy.


Secretary General of OPEC, Mohammed Barkindo (R), Russia Energy Minister Alexander Novak (L), Saudi Arabia's Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih (C) hold a joint press conference during the 173rd Ordinary Meeting of the Organisation of Petroleum Exporting Countries (OPEC) in Vienna, Austria on November 30, 2017.
Omar Marques | Anadolu Agency | Getty Images
Secretary General of OPEC, Mohammed Barkindo (R), Russia Energy Minister Alexander Novak (L), Saudi Arabia's Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih (C) hold a joint press conference during the 173rd Ordinary Meeting of the Organisation of Petroleum Exporting Countries (OPEC) in Vienna, Austria on November 30, 2017.
Stocks across Asia slipped during Thursday afternoon trade, continuing a decline in markets worldwide ahead of a closely watched meeting by the Organization of the Petroleum Exporting Countries (OPEC).
Hong Kong's Hang Seng index fell 2.62 percent in the morning session, with shares of Chinese tech heavy weight Tencent falling more than 3.6 percent.
The mainland Chinese markets, in focus due to Beijing's trade dispute with Washington, also saw losses. The Shanghai compositeslipped 1.28 percent while the Shenzhen composite shed 1.32 percent.
The moves in China came after Huawei's CFO, Meng Wanzhou, was arrested in Canada. Meng faces extradition to the U.S., Canada's Department of Justice said on Wednesday. That arrest could represent a new frontier in U.S.-China relations, according to the Eurasia Group.
"The arrest and extradition request by the US government represents a new and major escalation in what has been a series of US efforts to hold Chinese companies accountable for violations of US law, some dating back years," the note said.
Another Chinese phone maker, ZTE, saw its Hong Kong-listed shares plunge 5.94 percent by the morning session's end. Both Huawei and ZTE are restricted from selling telecoms equipment in the U.S. due to what the U.S. describes as national security concerns.
Japan's Nikkei 225 fell 2.4 percent in the afternoon while the Topix index declined by 2.16 percent. South Korea's Kospi also shed 1.41 percent, as shares of industry heavyweight Samsung Electronicsdropped 1.93 percent.
In Australia, the ASX 200 slipped 0.52 percent in afternoon trade, with its sectors mixed. The energy subindex fell by 0.51 percent ahead of Thursday's OPEC meeting. The Australian dollar was at $0.7223 after sliding from the $0.735 handle yesterday.
The moves Down Under came after the country's trade surplus for the month of October missed forecasts, coming in at around 2.3 billion Australian dollars (approx $1.67 billion) instead of the expected 3.2 billion Australia dollars (approx. $2.32 billion) from a Reuters poll.
Meanwhile, futures pointed to substantial declines for the U.S. market. Dow Jones Industrial Average futures showed an implied decline of 354.07 for the index at Thursday's open, as of 11:24 p.m. ET Wednesday. S&P 500 and Nasdaq futures also pointed to declines. The U.S. stock markets were closed on Wednesday in honor of former president George H.W. Bush.
Best Asia Real Estate Editors Comments:

After living in Bali for 22 years and observing the rapid growth of the real estate market in our neighbour to the south, Australia, I was always bullish.

A little over a year ago I started to see Australia violate my number one acid test for real estate.My acid test is simple when a real estate market is at a point where you cannot buy a three-bedroom home or apartment and rent it out for a positive flow cash flow the market will probably end and go down.

Last year I wrote a series of articles (see below) and talked about a crashing real estate market in Australia’s major cities of Melbourne, Sydney, and Brisbane.


Past 12 Month Articles :

At first nobody believed me.

I argued that the Chinese were pulling out because the Australian government was making it more difficult for them to buy therefore, they would lose their main source of extraordinary demand.

At first Australians laughed at me. Then they began to scorn me believing that I had something to do with the real estate market decline when in fact all I was doing was reporting the obvious.

Now a full year later and prices are in a freefall.

As I predicted they are falling exponentially faster and faster.

When we arrive at the stage where everybody believes that Australian real estate is the worst real estate in the market in the world and when I can buy something, rent it out for positive cash flow, it will be time to test the water. I don’t expect that to happen anytime in 2019 or even 2020.

So those that did laugh at me instead of selling their real state they would’ve saved 10% or more if they sold one year ago when I first issued my sell signal. If they’re still holding, they may lose another 30% to 50% of their value.

Those that sold and purchased Bali last year when everybody was saying it was the worst real estate market in the world after a 30% to 50% decreases since 2014 not only would have saved money on their Australia properties but also, they would have seen their property rise 10% to 20% already.

In just a week or so I will publish my, “Good, Bad and Ugly of the Worlds Real Estate for 2019”.

I will also talk about the world’s real estate markets at my free seminars coming up as per the seminar schedule listed below the article below.

Earn 10% to 20% per annum. The second best time to buy Bali real estate this century.

Buyers, sellers, brokers, agents, investors, lessors or renters will benefit from attending one of our two free Real Estate Seminars in Bali in January.


Free Seminar Schedules: Dates & Times: 1. Thurs. Jan 17th. 6:30 PM to 7:45 PM or 2. Sat. - Jan. 19th. 2:00 PM - 3:15 PM.

Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.

Seminar Topics: At these seminars you will learn about:
  • The Past, Present and Future of Bali Real Estate.
  • Clarification of laws allowing foreigners total control up to 80 years. 
  • How to avoid legal problems and make sure a property is safe. 
  • How to avoid complicated laws - Indonesians married to foreigners. 
  • Why this is the second-best time to buy this century. 
  • Where are the best locations to buy for maximum profits? 
  • What properties offer the potential of *10% to 20 % per year? 
  • Discover how you can sell your property fast for the highest prices and lowest commissions on a brand-new web site.
  •  Free listing on B.A.R.E. First Class Beachfront property at almost 50% discount. 
  • Low cost properties with Luxury Villas starting as low as $158,000 for a three-bedroom 650 m² 3-bedroom, 4 baths with private 9 mtr. Pool. 
  • Ridiculously low-priced ocean view building lots $25,000 for 500 m². 
  • Brand new Bali Luxury Retirement Villas starting at $198,000.
Limited Seating & Free Parking:


Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 – Bahasa Indonesia 62-8123632177

Can I still receive an Australian Age Pension living in Bali

Best Asia Real Estate Editor's Comments: I am often asked can I still receive my Australian pension if I live in Bali? The ...