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Could Russia join OPEC? (THAT would be bullish for Oil prices) This is what William Engdal and Joseph Farrell speculate NEWS AND VIEWS FROM THE NEFARIUM SEPT 17 2015 OILB / Brent etf ... update / Last: $27.00 +0.70 / Brent is $ Driving Saudi Arabia into the hands of Russia would change the world (and be a disaster for the US - let's get past the post 911 nonsense, say Farrell)

China - Mall completions there are a huge part of the world's new shopping capacity Shanghai leader in shopping malls under construction CCTV.com 05-11-2015 (see VIDEO) China's largest city Shanghai currently leads the world in the amount of floor space for shopping malls under construction and nine of the 10 most active shopping mall markets in the world are in China, according to a report from real estate service provider CBRE. Ge Yixiang lives in Putuo District. He says he often takes his family to a shopping mall near his home on the weekend because there is something for everyone. "We often visit the children's play center here as my child likes it. Besides, our family dines here a lot, and we also go the the cinema," Ge said. The mall opened at the end of last year. And it attracts about 40,000 visitors a day. Many of them are nearby residents or office workers. "Sometimes when I don't want to cook, I will dine in the shopping mall. There are many restaurants here. And the average price is about 100 yuan per person. I think it's acceptable," Shanghai resident Tang Hong said. "There are about 200,000 office workers and another 200,000 residents in the area. So our mall increased the number of restaurants, and retailers for families and children. They now account for nearly 60 percent of the business categories," Zhuang Chuanhai with Yuanyuan Enterprise Management Co. said. Over 39 million square meters of shopping malls were under construction around the world last year, and nearly 50 percent of that work was in China. "In Shanghai, vacancy rate is around five to six percent right now. But at the same time we need be realized that there is a lot of shopping malls coming on in years ahead. They are facing a more intensified competition," Sam Xie, senior director of CBRE research, said. Xie says in order to survive, the malls need to do more to differentiate themselves from the competition. == > http://english.cntv.cn/2015/05/11/VIDE1431293557515428.shtml The SCMP had an article yesterday, saying that China accounted for 44% of the new mall capacity in 2014

Location of AFT / ALVEO Financial Tower Building Heights - Citygate Area ==============: height: stories: units: launch: start: compl: orig. price : Columns Ayala 1-3 : 114 m. : 30 st. : < 800 : 01/03 : 2003 : 2007 : Alphaland Mak 1-3 : 180 m. : 55 st. : 0,000 : 11/09 : 2009 : 0000 : One Central-------- : 195 m. : 50 st. : 0,708 : 00/00 : 2010 : 2013 : Php 104k : Lerato Towers 1 -3 : 183 m. : 48 st. : 1,289 : 00/00 : 201? : 2018 : Php 110k : Kroma Tower------- : 157 m. : 52 st. : 0,821 : 12/11 : 2013 : 2017 : Php 120k : Alveo Fin'l Tower : 186 m. : 49 st. : 0,000 : 09/12 : 20?? : 2020 : Php 189-230k The Rise (2019) -- : 210 m. : 59 st. : 2,800 : 05/14 : 2014 : 2018 : Air Resid (2020) -- : 195 m. : 51 st. : 3,642 : 00/00 : 2015 : 2020 : Php 130k : =============== > main source: http://www.emporis.com/buildings/1224442/the-rise-makati-philippines : images of The Rise THE RISE - Looking from another angle ... larger image ALVEO Financial Tower | Singapore Launch MARIOTT Hotel | 19 Sep 2015 | Belingit Ballroom From 10am to 9pm Less than S$650 psf x 10.73= S$7,000 psm : < PHP 230k psm What Noma / Makati once looked like, back in its "Sugarbay" days

9/9-BO POLNY ECONOMIC & PROPHECY UPDATE https://www.youtube.com/watch?v=-qAyHXJVHzw danger window ugly after sept 23rd... up until oct 9th? and beyond chaos may start in hk or china, on sept 28th 30-50% drop by year end is possible secondary drop next year... and all the way down into 2020 sept borrowing for precious metals

HLG is still targeting $26 imho HLG / HK10 ... 6-mos : 12-mos : 2-yrs : Recent High of $42 x 61.8% = $25.956

Home renters face biggest price hike in seven years Published: Sept 16, 2015 Rents in U.S. on track to rise more than 3.5% in 2015 By JeffryBartash Reporter Americans who rent instead of owning are still on track to experience the biggest increase in housing costs in seven years. The cost of rent in the United States rose in August for the 58th straight month, with prices up 3.6% in the past year, the government reported Wednesday. That matches the highest year-over-year increase in rent since 2008. Read: U.S. inflation falls in August for first time since start of 2015 Rent has been rising because of growing demand and a shrinking number of units available. Prices are climbing fastest in big cities where many millennials have flocked to live and work. A surge in hiring over the past few years has also given more Americans the financial means to obtain their own places to live. Builders have ramped up construction on condos, townhouses and other rental properties, but not enough yet to slow the increase in prices. Higher rents have stoked concerns among some economists that housing costs — the single biggest expense for most households — could spur a sustained increase in inflation and eventually hurt the economy. Average rents range from a low of $760 in Arkansas to a high of $2,640 in New York, according to MyApartmentMap, a website that tracks prices in the 50 states. . . . Some 63.4% of U.S. households owned their own homes in the second quarter. While the rate of home ownership has tumbled to a 48-year low, home owners still account for almost three-quarters of the spending on shelter each year. === > http://www.marketwatch.com/story/home-renters-face-biggest-price-hike-in-seven-years-2015-09-16?mod=MW_story_recommended_default&Link=obnetwork Rental Trends in Pennsylvania, and Philadelphia Mon. Penn. : Philly- : PH/PN Apr. $1205 : $1489 : 123.6% May $1213 : $1526 : 125.8% June $1233 : $1518 : 123.1% July $1245 : $1515 : 121.7% Aug. $1218 : $1458 : 119.7% Sep. $1210 : $1478 : 122.1% Oct. $1206 : $1503 : 124.7% === Do Philly rents decline in the summer when students leave the universities? It seems that the pressure after summer comes in the 1BR and 2BR properties size- : studio : - 1 Br- : - 2 BR- : - 3 BR- : Sep : $1063 : $1,144 : $1,478 : $1,726 : Oct : $1038 : $1,152 : $1,503 : $1,689 : === > http://www.myapartmentmap.com/data/cities/pa/philadelphia/ Philadelphia Proximity: Pennsylvania $1,210 ( -$ 8) New York----- $2,640 (-$95) New Jersey--- $1,789 ( -$ 4) Delaware----- $1,090 ( -$ 2) == > http://www.myapartmentmap.com/rental_data/

About AuRico Metals AuRico Metals is a mining royalty and development company whose royalty assets include a 1.5% NSR on the Young-Davidson Gold Mine, a 0.25% NSR on the Williams mine at Hemlo, and a 0.5% NSR on the Eagle River mine – all located in Ontario, Canada. AuRico Metals also has a 2% NSR on the Fosterville Mine, located in Victoria, Australia, and 100% ownership of the advanced Kemess Project in British Columbia, Canada. AuRico Metals' goal is to deliver sustained value creation for the company's many stakeholders. AuRico Metals' head office is located in Toronto, Ontario, Canada. === === Sandstorm Gold Files Early Warning Report VANCOUVER, Sept. 18, 2015 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is announcing, pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, the purchase by Sandstorm of an aggregate of 2,617,400 common shares (the "Acquired Shares") of AuRico Metals Inc. ("AuRico"), representing approximately 2% of the outstanding common shares of AuRico (the "AuRico Shares"). Prior to the acquisition of the Acquired Shares, Sandstorm owned directly an aggregate of 16,791,881 AuRico Shares, which represents approximately 13% of the issued and outstanding AuRico Shares. == > http://www.juniorminingnetwork.com/junior-miner-news/press-releases/823-tsx/ssl/11674-sandstorm-gold-files-early-warning-report-4.html#.Vf_FMpdP_IU

Silver Hits 3-Week High Ahead of FOMC Decision - David Morgan Sep 16, 2015 Guest(s): David Morgan December silver futures prices closed near the session high and hit a three-week high today, but one silver guru is remaining cautious. ‘One day does not make a market,’ said David Morgan, editor of the popular newsletter, silver-investor.com. ‘Will it fall through or not? I think it depends on how the Fed’s action or inaction tomorrow manifests in the marketplace,’ Morgan said in an interview with Kitco News. He added that he does not think the U.S. Fed will act this month. December silver futures jumped over 4% on Wednesday, with prices last up $0.559 at $14.89 an ounce === === SLW ... All Data : 5 years : 6-mos Silver Wheaton (SLW) Receives TSX Approval for a Normal Course Issuer Bid VANCOUVER, British Columbia, Sept. 18, 2015 /PRNewswire/ -- Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW) (NYSE: SLW) announces that the Toronto Stock Exchange (the "TSX") has accepted the notice of Silver Wheaton's intention to commence a normal course issuer bid (the "NCIB"). On September 14, 2015, Silver Wheaton announced its intention to seek TSX approval for an NCIB. This approval allows the Company to purchase up to 20,229,671 Common Shares (representing 5% of the Company's 404,593,425 total issued and outstanding Common Shares as of September 11, 2015) over a period of twelve months commencing on September 23, 2015. The NCIB will expire no later than September 22, 2016

Well done, Rigger, I love strawberries, Can you grow cherries too?

Gold in Euros may have made an important (reverse right shoulder low) At Eur 968.42 - right on the uptrend line - now Eur 989.84, 2.2% above that level. A move above Eur 1,000 is needed to confirm a trend change may be underway. Another measure (from Kitco) shows Eur 1,006

Trump Tower is in a crowded neighborhood

SILVER may have bottomed SLV / Silver etf ... 5-years : 6-mos / 10-d

There are many hidden truths about the Moon This, Neil Armstrong told us: Neil Armstrong - NASA's Parrots & Truth's Protective Layers Here's what we learned on our own: 'Moon rock' given to Holland by Neil Armstrong and Buzz Aldrin is fake A moon rock given to the Dutch prime minister by Apollo 11 astronauts in 1969 has turned out to be a fake. A piece of moon rock was given during a goodwill tour by the three apollo 11 astronauts. 29 Aug 2009 Curators at Amsterdam's Rijksmuseum, where the rock has attracted tens of thousands of visitors each year, discovered that the "lunar rock", valued at £308,000, was in fact petrified wood. Xandra van Gelder, who oversaw the investigation, said the museum would continue to keep the stone as a curiosity. "It's a good story, with some questions that are still unanswered," she said. "We can laugh about it." The rock was given to Willem Drees, a former Dutch leader, during a global tour by Neil Armstrong, Michael Collins and Edwin "Buzz" Aldrin following their moon mission 50 years ago. J. William Middendorf, the former American ambassador to the Netherlands, made the presentation to Mr Drees and the rock was then donated to the Rijksmuseum after his death in 1988. "I do remember that Drees was very interested in the little piece of stone. But that it's not real, I don't know anything about that," Mr Middendorf said. Nasa gave moon rocks to more than 100 countries following lunar missions in 1969 and the 1970s. The United States Embassy in The Hague is carrying out an investigation into the affair. == > http://www.telegraph.co.uk/news/science/space/6105902/Moon-rock-given-to-Holland-by-Neil-Armstrong-and-Buzz-Aldrin-is-fake.html

Investors Giving Up On China, Get Even More Bearish Forbes-15 Sep 2015 Ronnie Chan, Chairman of Hang Lung Properties, a multi-billion dollar real estate developer based in Hong Kong, warned FORBES this ... . . . If you like risk, then boy do Chinese brokers have a product for you. Two weeks ago, People’s Bank of China governor Zhou Xiaochuan told a gathering of Finance Ministers and central bankers at the G-20 meeting in Turkey that the current volatility in China’s mainland equity markets has worked itself out. Not quite. The Deutsche X-Trackers China A-Shares (ASHR) exchange traded fund is down nearly 7% in the last five days. And a recent poll of Barclays Capital clients shows that most fund managers are underweight China. According to their survey, some 716 investor now see a weakening China as the main risk to financial markets over the next 12 months. Investors are also bearish on China’s near-term growth prospects, with close to 40% of them saying China growth is most likely to surprise to the downside over the next 12 months. . . . Chinese authorities have spent nearly $236 billion propping up their market since the rout began in June. Trade data from China continues to disappoint, killing momentum. “As long as the S&P is below 2040 points, then its risk off,” says Adam Sarhan, founder and CEO of Sarhan Capital in New York, a boutique investment advisory and research firm. “If we break below that, we are going lower and that will not be good for risk assets overall.” Despite the material correction in China-related assets, more than half still say China is too expensive. Under 10% said China equities were cheap. Investors believe oversupply is China’s main economic problem. . . . Worse yet, there is growing perception that a ” financial accident” in China may occur in the next two years, with close to one half of respondents giving it at least a 25% probability, up from only one-third two quarters ago. The hard landing pundits are doing their job selling their view to the big three financial news outlets: Bloomberg, CNBC and WSJ. Congratulations, you’ve got yourselves some buyers. . . . Lower interest rates in the core economies, coupled with a mini-QE in China, have not helped the demand side. In China, the supply side stuck i over capacity is a strong headwind. Ronnie Chan, Chairman of Hang Lung Properties, a multi-billion dollar real estate developer based in Hong Kong, warned FORBES this weekend, “I’m not sure Beijing knows how to solve this problem. They are struggling.”

RENTAL Rates Comparison Office Rents - Averages seen in the market Global City ------ : Per SqFt. : PerSqM: HK$(x7.8): Rmb(x6.3) HongKong: US$1,147 : US$107. : HK$ 834. : Y 674. Beijing---- : US$1,090 : US$102. : HK$ 792. : Y 640. Shanghai-: US$0,722 : US$67.3 : HK$ 525. : Y 424. (Sh./B.): 66% London--- : US$0,956 : US$89.1 : ========= Beijing vs Shanghai ========= : -2010* : -2011* : -2012- : -2013- : -2014- :+%1yr : +%5yrs : ML Leasing: $45.8B : $56.0B: $76.4B : $90.4B : $96.3B : + Rentals-- : $1,931 : $2,339 : $3,526 : $3,984 : $4,354 : +9.23% : +126 % + FloorArea .619m2: .576m2: 1.18m2: 1.56m2: 1.91m2: +22.4% : +209 % + occup-cy. : : : 98% : : : 98% : : : 97% : : 93% :: : 79% :: : Dropped w/new mall + OccuArea: .607m2: .564m2: 1.14m2 : 1.45m2: 1.51m2: Rent/SM/yr: $3,181 : $4,147 : $3,093 : $2,748 : $2,883 : Rent,Av.: +4.91% Rent/sm/m $265.1 : $345.6 : $257.7 : $229.0 : $240.3 : . HK Leasing: $50.9B : $53.6B : $55.3B : $57.0B : $58.9B : + Rentals-- : $2,615 : $2,822 : $3,185 : $3,323 : $3,438 : +3.46% : +31.5% + FloorArea: .770m2: .770m2: .766m2: .740m2: .740m2: + OccuArea: .723m2: .726m2: .700m2: .690m2: .690m2: Rent/sm/m : $301.4 : $323.9 : $379.2 : $401.3 : $415.2 : Rent/sf/m : $28.09 : $30.19 : $35.34 : $37.40 : $38.70 : compares with... . Ttl. Leasing : $96.7B : $109.B: $131.B : $147.B : $155.B : + FloorArea 1.39m2: 1.35m2: 1.95m2: 2.30m2: 2.65m2: +15.2% : +90.6% + occup-cy. : :: 96% : :: 96% :: : :: 94% :: : : 93% :: : 83% :: + OccuArea: 1.33m2: 1.29m2: 1.84m2: 2.14m2: 2.20m2: Rent/SM/yr: $3,418 : $4,000 : $3,647 : $3,371 : $3,543 : Rent,Av.: + 3.66% Rent/sm/m $284.8 : $333.2 : $303.9 : $280.9 : $295.3 :

A TED Infographic Showing What Life Will Be Like on Mars Posted 13 hours ago by Jack Lowe · culture · 4371 Views Excited about the potential of one day going to live on Mars? Well, you probably shouldn't be, as this infographic from the producers at TED makes it sound pretty darn miserable. The graphic was made to coincide with a talk by technologist Stephen Petranek, who wrote the book "How We'll Live on Mars", and summarises some of his main points. Key thing to remember are that the seasons are twice as long, that means a double-long winter which is more miserable than anything anyone's experienced here. There's also only about 60% of the sunlight we experience on Earth, no oxygen (although there may well be a 1000-year-long plan to oxygenate the planet), and all the water is locked up as ice. Apart from that, it should be a laugh! Check out the graphic == http://www.huhmagazine.co.uk/10436/a-ted-infographic-showing-what-life-will-be-like-on-mars

Dividend Record Divs, vs Yield, based on year-end stock price . Year-: HLG- : -EPS- : final +inter. =total : Yield / HLP- : -EPS- : final +inter. =total : Yield : +prem% 2009: $38.65: 00.0%: 0.54 + 0.165 $.705: 1.82% / $30.60: 00.0%: 0.51 + 0.15= $0.66: 2.16% : 0.24% 2010: $51.10: 00.0%: 0.57 + 0.19= $0.76: 1.49% / $36.35: 00.0%: 0.54 + 0.17= $0.71: 1.95% : 0.46% 2011: $42.55: 00.0%: 0.57 + 0.19= $0.76: 1.79% / $22.10: 00.0%: 0.54 + 0.17= $0.71: 3.21% : 1.41% 2012: $44.04: 00.0%: 0.38 + 0.19= $0.57: 1.29% / $30.80: 00.0%: 0.36 + 0.17= $0.53: 1.72% : 0.43% 2013: $39.15: 00.0%: 0.60 + 0.19= $0.79: 2.02% / $24.50: 00.0%: 0.57 + 0.17= $0.74: 3.02% : 1.00% 2014: $35.20: 00.0%: 0.61 + 0.19= $0.80: 2.27% / $21.75: 00.0%: 0.58 + 0.17= $0.75: 3.45% : 1.18% 2015: $2X.XX: 00.0%: 0.62 + 0.19= $0.81: xxxxx% / $2X.xx: 00.0%: 0.59 + 0.17= $0.76: xxxxx% ==== LAST: $27.00: 00.0%: 0.62 + 0.19= $0.81: 3.00% / $17.50 : 00.0%: 0.59 + 0.17= $0.76: 4.34% : 1.34% ==== > source: http://www.aastocks.com/en/stocks/analysis/company-fundamental/dividend-history?symbol=00010 : #101-HLP : Div. Payment dates: Last: 2015/07/30, 2015/01/26, 2014/07/31, 2014/01/23

The moves up, like yesterday's $15-20 jump in Gold - with no specific news driver - suggest there might be something bullish happening behind the scenes - like maybe a shortage of Gold

With the HK property market now peaking out (maybe), it is interesting to review where gains were the best We can now see... We have seen some pretty terrific gains, for "cheap" properties near MTR stations - since the Lows in 2003 and 2009 - in places like Fanling Centre - which are right next to MTR stops, though far away from Central Fanling Centre Per SF, gross : $7,727.32 Per SF, net : $9,932.14 1.10 % Both rents and property prices have shown big gains: The big rally from about $1500 (2003) to $8000 (2015): + 433% must be one of the biggest in Hong Kong. An MTR link is coming from Shatin to Central, which will serve to reduce substantially the travel time to Central. For HK as a whole, we have seen a gain in CCLI from 32.16 (2003) to 146.76 (2015) - that's +356% Some years ago, property agents with major firms, like Anne Marie Sage were telling their clients to stick to prime properties in prime locations, while I was telling people to think about buying cheaper properties with good transport links. We can now see clearly who was right.

Scary numbers! Will the refugee madness prop up property for an extra few years? The end of social housing for Britons in need. Welcome to International Socialism. Market Oracle: Syrian Refugee Crisis to Result in UK Council and Social Housing Waiting Lists Freeze Catastrophe Whilst David Cameron plucks figures out the air such as for the relocation of 20,000 Syrian refugees over the next few years, the reality will probably be nearer 20 times that figure, 400,000, but the bottom line is that whilst the likes of Germany has the capacity to house as many as 500,000 refugees per year, Britain does not have the capacity to house even 5,000 per year! My best advice for those in social housing is that if you are contemplating moving then the time to act is NOW for you will NOT be able to move in just a few months or even weeks time because social housing waiting lists are literally about to become permanently frozen under the weight of the need to house the large influx of refugees / migrants over the coming months and years.

RATIOs (HLP/HLG etc) over time: Owning HLG or HLP has been a poor hedge against rising HK Property prices . QTR. : HK-10 : HK101 : Ratio-- : -CCLI - : hlp/CC : e.00: $$6.95 : $$8.70 : 125.2% : e.01: $$6.90 : $$8.05 : 116.7% : $40.28 : 19.99% : e.02: $$6.40 : $$7.55 : 118.0% : $35.77 : 21.11% : e.03: $$9.70 : $$9.95 : 102.6% : $37.51 : 26.53% : e.04: $15.30 : $12.00 : 78.43% : $49.30 : 24.34% : e.05: $16.45 : $12.10 : 73.56% : $52.51 : 23.04% : e.06: $23.65 : $19.50 : 82.98% : $53.93 : 36.16% : e.07: $42.60 : $35.30 : 82.86% : $67.59 : 52.23% > HLG at highest ratio vs CCLI e.08: $23.45 : $16.84 : 71.81% : $56.78 : 29.66% : BkV.: $00.00 : $00.00 : ================== QTR. : HK-10 : HK101 : Ratio-- : -CCLI - : hlp /CC : e.08: $23.45 : $16.84 : 71.81% : $56.78 : 29.66% : e.09: $38.65 : $30.60 : 79.17% : $74.07 : 41.31% > highest ratio since GFC e.10: $51.10 : $36.35 : 71.14% : $88.38 : 41.13% : Q-1 : $48.15 : $34.05 : 70.72% : $96.98 : 35.11% : Q-2 : $49.30 : $31.90 : 64.71% : 100.29 : 31.81% : Q-3 : $39.85 : $23.40 : 58.72% : $99.80 : 23.45% : e.11: $42.55 : $22.10 : 51.94% : $95.47 : 23.15% : Q-1 : $50.25 : $28.45 : 56.62% : 101.17 : 28.12% : Q-2 : $47.55 : $26.20 : 55.10% : 105.47 : 24.84% : Q-3 : $49.15 : $26.50 : 53.92% : 110.14 : 24.06% : e.12: $44.05 : $30.80 : 69.92% : 115.60 : 26.64% : Q-1 : $43.60 : $29.00 : 66.51% : 123.01 : 23.58% : Q-2 : $41.70 : $27.05 : 64.87% : 121.88 : 22.19% : Q-3 : $41.40 : $26.40 : 63.77% : 119.83 : 22.03% : e.13: $39.15 : $24.50 : 62.80% : 118.96 : 20.60% : Q-1 : $39.05 : $22.30 : 57.11% : 118.82 : 18.77% : Q-2 : $41.95 : $23.90 : 56.97% : 123.35 : 19.38% : Q-3 : $38.45 : $22.10 : 57.48% : 127.65 : 17.31% : e.14: $35.20 : $21.75 : 61.79% : 133.34 : 16.31% : Q-1 : $35.35 : $21.80 : 61.67% : 142.64 : 15.28% : Q-2 : $34.15 : $23.05 : 67.50% : 143.15 : 16.10% : Q-3 : $26.30 : $17.36 : 66.01% : 147.61 : 11.76% : Lowest ratio vs CCLI e.15: BkV. : $56.86 : $29.50 : 51.88% Last-: $26.90 : $17.70 : 65.80% : 146.76 : 12.06% > HLG at lowest ratio vs CCLI Pr/Bk 47.31%: 60.00% : 126.8% ===== Bigcharts Historical : xx Centaline Index----- : http://202.72.14.52/p2/cci/SearchHistory.aspx But buying HLP at just 12% of CCLI, may provide a valuable hedge against rising HK and Mainland property prices

It looks as if HLG might touch the long term (860 week MA/ xxx days) support level at about $26. HLG (HK-10) ... update : HLP/HK-101 : Both-2yrs

The Air versus the The Rise (I have had some email correspondence about these projects, and so I will repeat the highlights here): ... the email that I received, says this: A friend asked me what I think about Air Residences, the SM project just next to The Rise. So I had a look at this project and I was not impressed at all. This project looks crazy to me. This building will include a total of 3642 units, all small or very small units (22 to 46sqm). 98% of the 3642 units will be less than 32 sqm ! 74 units per floor… with 12 elevators total (the Rise has 18 elevators for 2800 units total and 51 units per floor). I have never seen a project like this. At PHP130.000 per sqm with completion date (expected) 2020, it looks like a good place where not to buy ! (My response): I think your comments are spot on. My own opinion is: SM is trying to cash in on the success of Rise, by building their own project right next to it. With its great experience in running hotels, I think that Shangrila can get a high density-small units project like this right, and that means decent transport (up and down) and good quality amenities. SM calls this thing (the Air) part of their new "premier" brand, but the metrics you highlight do not sound like a premier offering to me. (Those I know who) have bought at The Rise, are paying something like $100-105k per SM, and staying below the VAT threshold. Those who buy at The Air are unlikely to get a good return. In seeking tenants they will be competing with a superior product at the Rise, where landlords have a lower cost base. If/when they find a tenant, it will be at a lower monthly rental rate, and a much lower yield - I reckon (another email comment): I went to the show room. Everything they included, floor tiles, furniture etc.. in show room was not included. I dont think they even have a basic gym as it is not listed. When i asked, none of the sales people could confirm. (still another): I can hardly imagine how these thousands of people will live in this single building. How long they'll have to wait in the morning just to get access to the elevator? How many people will move in and out everyday... (Response): The moving thing, I really get - having just moved. I moved from a building well designed for moves, into an older one that was not so well-designed. So I saw night and day.. If you move into the place we live now with more than a suitcase or two, you are going to have obstacles, delays, and other problems. We were lucky to get most of the move done during a quiet time of a quiet day, and the movers coped well with the challenges. The final part of the move, I did half the work myself, and it was a nightmare moving during the busy sunday supper time. If each person has to design and decorate their own flats at The Air, the challenges will only get bigger. Think of the multiple contractors coming, and going, and the inevitable mistakes in getting the wrong design, and wrong furniture, multiplied across the huge number of tenants.

Thanks, Al--. I spoke with them at some length when I was last in Makati. The basic deal did not seem terribly attractive, (from memory, it works like this): + When Versailles Stay (VS) takes over the property, they agree to maintain it - which will be at zero cost for the landlord + In return for maintaining the property, and finding tenants, VS take a big share of revenues - was it 50%? Given the rates they are charging the short-let tenants, and their expected 30-50% (?) occupancy rates, it is hard to imagine that this arrangement would be lucrative for landlords. (Perhaps if they can get occupancy and daily room rates up, it will may more financial sense in the future.) This deal only makes sense for someone who thinks they cannot find a tenant on their own, and are worried that their (empty?) property will not be looked after.

NASA Continues Simulations to Prepare for Human Life on Mars Top Secret Writers - ‎Sep 12, 2015‎ The purpose will be to simulate a mission to Mars, with a particular emphasis in studying how interpersonal conflicts are created and resolved.