Feng Shui Master issues warning to property investors for 2014
I was sent this press release and thought it worth sharing:
A renowned Feng shui master offered some property investment advice for the Lunar New Year to the international property search engine, Propertini.
The ancient Chinese philosophy of harmonisation is being recognised as an important aspect to some Chinese homebuyers who may now reconsider purchasing a home in 2014.
“The Year of the Horse is a year of economic flux, which is not very good for property investment,” said Dr. Lee Shing Chak.
In preparation of the new lunar year, which begins on Friday, Lee advises against impulsive investing decisions. “Consider horses, the creatures, they tend to charge when they move; they are not very flexible in changing direction. When applying this consideration to investment decisions, the key to do well in property investment in the Year of the Horse is to be flexible, and be prepared for the unexpected changes.”
Propertini COO Rhys Davies says this is not an unusual trend. “We’ve asked our colleagues in Asia and they tell us that a proportion of the market does actively make feng shui considerations when buying properties. We’re learning of similar examples in the UK market too, particularly around Chinatown in Manchester and London.”
Feng shui is the ancient Chinese philosophy dating back more than 4000 years, which seeks to create harmony with the surrounding environment. With regards to home arrangement, Lee says, “The southwest side is the lucky feng shui direction for offices and homes in the Year of the Horse. Keeping a bowl of fish or adorning your home with water-flowing decoration can always enhance wealth and fortune. Generally speaking, water-element decoration boosts feng shui for wealth, as the flowing energy of the water symbolises cash.”
Propertini recently reported a 230% spike in the amount of time China and Hong Kong-based users spent searching for UK real estate. Consistent with this observation, Lee suggests making property investments in Europe rather than Asia, as the Asian market slows down after several years of rapid growth.
2014 may reflect investment patterns and house price performance from twelve years ago.
“Although the financial markets were still falling after the dot-com bust, during the last Year of the Horse, which occurred from February 2002 until January 2003, UK house prices performed extremely well,” said Davies.
According to the Office for National Statistics, between February 2002 and January 2003, UK house prices grew by 23.4%. The East Midlands was the UK region, which saw the strongest house price growth during this period with average prices rising 35%. Scotland saw the lowest growth, with average prices rising by 15.8%.
The Chinese zodiac categorises people into twelve animal groups, corresponding to the twelve signs of the Chinese zodiac. These are determined by birth date, like the modern zodiac. This is allows specific property-related predictions relating to different Chinese zodiacs. For example, Lee predicts change for those born under the Year of the Monkey. “They earn a good fortune if they seize the chance to sell their properties in a critical moment.” He also adds that Ox and Tiger zodiac signs will be “good in wealth although this is unlikely to the case for Horse.”
Based in Chinese astronomy the concept of “polarity” is expressed in feng shui as the Yin and Yang Theory. This has underpinned the design of many Asian cities and buildings with the yin-yang force fields.
American businessman and real estate mogul Donald Trump famously sought the advice of feng shui master Pun-Yin in building Trump International Hotel & Tower on Columbus Circle in New York. The main entrance was positioned to receive positive energy from Central Park.
“I would guess that it might have made a difference. It certainly didn’t hurt us in any way. Feng shui creates a balance that I believe adds to the comfort zone of rooms and space, and that is felt by guests and residents,” said Trump in a 2009 interview in New York with Prestige, a luxury lifestyle magazine.
The role feng shui plays in determining desirable properties and their valuations is difficult to quantify or qualify. “Our goal is to help people find the real estate they’re looking for. If this means that people are looking for feng shui specific details then we will look to see how we can best deliver the search results our users demand and expect of us,” Davies explains.
Given Lee’s advice of seizing the chance to sell, perhaps today’s home sellers and estate agents should listen to Trump: “I don't have to believe in feng shui. I do it because it makes me money.”
A few years ago I spoke to Michael Oon, Feng Shui consultant, about using this ancient method for buy to let investment: