In Hong Kong, the property business has always been very competitive, so we have to think of ways to get an edge over our competitors.
Sentiment: POSITIVE
Business is a string of seemingly impossible problems looking for solutions. Each problem you solve creates a new barrier to entry for your next competitor.
Competition is the keen cutting edge of business, always shaving away at costs.
Making money, it seems, is all about the velocity of moving it around, so that it can exist in Hong Kong one moment and Wall Street a split second later.
Second, we have to make the most of the strengths we have, the amenities that many of our competitors cannot replicate. But again, those advantages won't mean much if we don't do a great job with the basics of our business.
Businesses are not just local or even national anymore - good ideas are immediately global. So the market opportunities are much larger than we've ever imagined or seen.
Properties have different characteristics, like companies, and the market throws up more opportunities because it is inefficient.
The people of Hong Kong are criticized for only being interested in business, but it's the only thing they've been allowed to do.
My properties are very good income-producing buildings, so I will have a very good stream of profit even if I can't sell.
The London property market has excellent investment opportunities.
Be realistic and truthful - and tell Hong Kong businessmen honestly that they should go for long-term investments since it is unlikely money can be made in the short haul.