Mystic wealth

Mystic wealth

Saturday, 20 March 2010

Wealth Street in Kuala Lumpur ,Malaysia

As we walk down the street at the Pavilion in Malaysia , you can see the recent development along Malaysia’s Wealthiest street , along the side you will feel the brisk of yuppies shoppers doing their window shopping and browsing all the top branded goods , while some will join the long queue of customers lining up for some exclusive boutique to open , so that they can get the classic models of handbangs recently introduced . I thought it happens only at galleries lafayette in France or at Canton street in Hongkong , but here the queue might be shorter , but you might find middle eastern rich tourist here joining the queue with some Chinese tourist.

Pavilion shopping center

At night, as we strolled down the same street ,we come across the Hutong food court at the lower level of Lot 10 shopping centre , where you will find some of the most luxurious stalls serving some of best of the best local food of Malaysia .
Further along the street , we come by the most exclusive Starhill shopping centre where the whole building is packed with exclusive branded goods and after shopping around in the building ,we could feel it has an exclusive class of its own , with it’s surrounding playing nice classical music giving an ambient of soothing rich feeling to the shoppers .

Truly Malaysia has display its wealth , with a further growing economy with a forecast of GDP of 6 % this year . This wealth is promptly displayed with the Night glamour and spotlights surrounding the Exclusive and Ever Prosperous KL Twin Tower which stood proudly within the Night beauty of the City.

Along Bukit Bintang

The Twin Towers

Saturday, 6 March 2010

How the Wealthy Splurge their Riches in the China

Recently there has been a report about how a Chinese millionaire, known only as Mrs Wang has bought a Tibetan Mastiff , or a Dog co-named - Yangtze River Number Two for a reported four million yuan (£350,000). To welcome the dog to her homedown , a motorcade of 30 cars in convoy was sent to the airport in Xi’an, the capital of Shaanxi province, to welcome this Mastiff Yangtze causing a line up of traffic Jam ,while the buyer intention is to make known of their recent expensive purchase to her Hometown local folks

This set off a few other similar cases ,one of which , where a Young Rich couple got married in a similar rural town area with another Motorcade of 30 Sport Cars as they roamed down the streets of the main town in a convoy in an outskirt town to show off the Newly Wed

Well It shows the ways the Chinese like to Splurge , especially where in rural town where folks whom made it Wealthy rich due to from the boom from China’s Growth in recent years . This group of Rich Unknown Rural Millionaires throughout China whom recently been introduced to online shopping has been also buying Big Ticket items like expensive sports cars through online shopping with payment through credit cards causing China as one of the World Most Highly ranked in sales values for online shipping sales in this World .

Lavish displays of spending are not rare among China’s rich.

The following are the latest statistics from Hurun Report on the Wealth of the Super Rich in China :

Recent Found Wealthy Super Rich population – 830,000 people

With Assets worth in Millions

- 10 million to 50 Million Yuan : 510,000 People

- Over 50 Million to 100 Million Yuan - 165,000 people

- Over 100 Million Yuan - 140,000 people

- Over 1 Billion Yuan - 100 people

At this rate ; China has overtaken the US as World’s No 2 in Luxury Consumer ,while the Japanese still Stay as No 1 but that maybe made history in 3-5 years time .In time , China will be come the largest consumer of luxury goods in the world as it has strong growth economy and while it still lacks in exquisite high end shopping of exclusive branded goods ,this has since an outflow of young rich citizens whom now travels overseas for holidays and shopping ,even in their backyards in Hongkong , the young trendy are always seen in canton street queuing for Branded goods like Louis Vutton , Prada bags as the peer of the wealthy rich start to splurge with branded goods also .