Sound like spam doesn’t it? It’s not though! Have a look at the following projects in-progress in Bahrain in the property market:
They include the Bahrain Financial Harbour (BFH), Amwaj Islands, Durrat Al Bahrain, Al Areen Wildlife Park and Reserve, Lulu Island, Bahrain World Trade Centre, Almoayyed Tower, Tala Island and Al Marsa Floating City.
GDN – – click for full article
These are all multimillion and some multibillion dollar projects, unforuntately they are all in the property market in Bahrain. It promises 40% ROI, what with the low interest rates, long morgage periods and the absolute dirth of opportunities in anything else we have here.
I wish that these multimillionaires would invest in industry and manufacturing, rather than just bricks and mortar. Buildings might stay unoccupied, land – being in Bahrain – will disappear, however manufacturing and the high-quality service does create continuous opportunities both within Bahrain and the export markets. And for much longer and has a much better economic and social knock-on effects than property prospecting. IMHO anyway.
Comments
Got some dosh? Want a 40% return?
This was the classic “Hong Kong Disease” – in HK during the mid and late 1990s the local magnates and tycoons, most of whom had made fortunes in manufacturing and China trading, decided that the easy money was in building ever taller towers. Some big money was made early, but eventually, there just wasn’t enough clients to tenant the ever-bigger buildings and support the mortgages – and there were no buyers – so the house of cards collapsed. So, the smart ones went back to actually doing stuff and honest fortunes are being made again.
The good thing is that there are plenty of nice shiny towers all over the place, and with the generally improved economy, most of them are now full. Shanghai and Beijing are having this happen too – it seems to be a stage and may be a necessary one in development.