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The Harbourview Hong Kong

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Thoroughbred horse racing in Hong Kong is a pivotal part not only of many lives but it is vital to the economy, contributing massive taxes and being the major supporter of most charities. Thoroughbred racing in Hong Kong is therefore naturally followed far more passionately than anywhere else in the world.



Hong Kong has two race courses, the main one situated at Shatin is a first class track with facilities equal to any track in the world. A big track with both turf and dirt surfaces and a straight 1200m, statistics show that horses get every chance to win from whatever draw.

However Happy Valley where the lesser grade Wednesday night races are held has to be the most spectacular race track in existence. To understand the full impact of this place you need to make the effort to go and experience it.

Situated on the island amidst major housing and retail complexes, Happy Valley is surrounded by the lights of multi level apartment blocks. It is a relatively small track which affords spectators a close up view of the races giving an I can not believe this place feel to visitors.

Tourists can also visit the Hong Kong Racing Museum at Happy Valley, which provides a fascinating historical insight into how the sport has evolved since its mid-19th century beginnings.

Over the last 15 years or so the quality of Hong Kong thoroughbred racing has developed substantially and nowadays it is difficult to imagine a more cosmopolitan racing circuit than can be experienced here. The prize money is so substantial that the champion riders and trainers from France, England, Australia and South Africa all eagerly vie for the few invitations to ride in Hong Kong. In fact the roster of riders in Hong Kong reads like an Academy Award nomination list for the best jockeys in the world.

Fourteen Group 1 races are run in Hong Kong each season, with the Hong Kong International Race day in December being the richest and most important meeting of the year. The Hong Kong International Races are now generally recognized to be the most international event in the racing world and the main meeting point for northern and southern hemisphere thoroughbreds.

Today the international event has been transformed into a set of four races: the Hong Kong International Sprint over 1200m, the Hong Kong Mile over 1600m, the Hong Kong Cup over 2000m and the Hong Kong Vase over 2400m.

The Champions Mile is on April 29, run at 1600 meters over the Shatin turf course and is already part of an international racing series, the Asian Mile Challenge, which comprises the Futurity in Australia, the Dubai Duty Free, the Champions Mile, and the Yasuda Kinen in Japan, all Group 1 races.

The standard of local thoroughbreds has also risen dramatically as can be seen by the number of hotly contested international races now taken out by locals even in the presence of top echelon European, American, Japanese and Australian thoroughbreds.

With a population of around 1,100 thoroughbreds from around the globe, Hong Kong racing works under an easy to understand handicap system, where gallopers gain or lose rating points from their performance on the racecourse, resulting in close and competitive racing.

The Hong Kong Jockey Club has a monopoly on racing and betting in the territory, a holdover from colonial days, and the HKJC is the territories largest taxpayer and charity. Massive betting pools are involved and Hong Kong racing officials understand that it is imperative to share every piece of information there is with the betting public.

The racing club website has easily the best information I have ever seen with full videos and extensive reporting of every race held. Trackwork data, performance history, weights carried, times, everything is easily found and exhaustively detailed.

To summarise, for any thoroughbred racing enthusiast Hong Kong racing is an absolute must see experience. The city is situated on one of the most spectacular harbors imaginable, hotels are plentiful and first class and the shopping and gastronomic delights are legendary.
The Harbourview Hong Kong
The financial crisis from which the entire world has to suffer, didn't give the Hong Kong real estate market a break. At the real estate agencies around the city, prices have dropped 20 percent in November 2008 and this will continue in 2009 furthermore. Growing public expectations of a repeat of a 2003 slump, when the outbreak of severe acute respiratory syndrome (also known as SARS), ravaged the entire Hong Kong economy, prompted Sun Hung Kai Properties to predict last week that prices would rebound 5 percent in 2009. Lee Shau-kee, the chairman of the Henderson Land has a different opinion as he stated that the bad times have past for the Hong Kong real estate market and he also added that the worst of the world economic slowdown was yet to come. On the contrary, Stephen Riady who is the president of Lippo Group stated: ?I think Hong Kong will probably go down much more. It's a very volatile market. It'll go down more than Singapore?.

At the end of November 2008, a Reuter's poll of analysts showed that the apartment prices in Hong Kong will go down 20% by the beginning of 2010 just like the prices from Singapore will go down by 21%. Even worse than that, a brokerage house specializing in derivatives called GFI Colliers stated the Hong Kong real estate prices will hit rock bottom in December 2009 when the prices will be -25% in comparison with the present prices. The vice-president stated that many landlords (starting from small to big ones) wanted to switch to cash but the prices continued to go down because they couldn't find any buyers for their homes and banks were requesting down payments between 30%-40% compared to only 10% which was in the prior crisis period.

Beek said that: ?Some are off-loading at 30 percent discounts, but struggling to sell? and ?Many buyers think they might as well wait another four or five months for prices to come down more?. The Hong Kong real estate transactions reached a 17-year low in November 2008 ? down almost 87% in value from 2007. The entire territory is in recession, not just only the real estate domain; exports reached unprecedented minimums due to the continuous weakening global demand. Fully dependent on the financial industry, many people are facing large-scale job cuts at hedge funds and investment banks.

Another punch taken by the real estate market was when the mortgage rates were increased by the Bank of China Hong Kong and HSBC. An analyst at CLSA by the name of Nicole Wong affirmed that she expects that the residential prices will go down by 15% in 2009. She also stated that real estate outperformed the Hang Seng index when home prices slid in 1998 and 2001, and said that Sun Hung Kai, Henderson and Sino Land had value.

All things considered, the situation isn't very good for the Hong Kong real estate market but hopefully in 2010 the situation will get back on a normal track not only for Hong Kong but for the entire world because the crisis affects each and everyone.
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About Author
Both Dick Aronson & Ralph W. are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Dick Aronson has sinced written about articles on various topics from Types of Cancer, Acupuncture Chiropractor and Types of Cancer. Dick Aronson has been heavily involved in Thoroughbred racing,breeding and buying for more than 30 years. He has developed his own proprietary software for selecting horses and articles on his work have several times been published in the HK Racing World. Dick Aronson's top article generates over 8100 views. to your Favourites.

Ralph W. has sinced written about articles on various topics from Horse Racing, Real Estate. Ralph W. is the manager of where visitors can get information about
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