The Archive · 1925

Foreign Property Sales

Certain considerable sales of property within the boundaries of the Settlement are such as again to call attention to the gradual pushing out to the farther districts of foreign residential quarters. One of the most important sales which has recently taken place is that in Love Lane, where Mr. H. P. Wilkinson's house and garden, corny about nine mow of land, been acquired by a Chinese syndicate. The property has been placed inthe hands of a foreign cancel who are to erect high class Chinese dwellings upon it, and although it is understood that a very. substantial figure was given for the land there seems to be no doubt the minds of the purchasers: that they are making a highly profitable investment. We have noted other property sales within the past few. months, and within next few days foreign residences in Ferry Road, Rue Retard and Avenue clu Roi Albert are to be exposed to sale by auction. What ith paying rent in advance and getting shop security in addition, Chinese tenancy must without question appeal to the property-owner much more forcibly than does foreign, and when, besides, wealthy Chinese through force of circum-snees have to seek the protection of the foreign parts of Shanzh there is little wonder that a more profitable return.on capital is obtained from them.. But what about the unfortunate foreigner ultimately? While he could live comfortably within walking distance of his office a few years ago, it will not be very long. before there will rot be a residence for him within radius of mile ait

Text read from the printed page and cleaned; old type leaves the occasional error.

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