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One of PALACE magazine’s esteemed Luxury Expert columnist – Alexander Karolik-Shlaen – who has written for the magazine since 2009, has appeared in various regional and global media, TV, and is frequently sought to attend established business forums, writes about his personal experience with some crazy rich Asians in properties he has met and known in his career.
Luxury Expert columnist – Alexander Karolik-Shlaen
There are plenty of rich Asians in the business of luxury.
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Some are golf fanatics; some love watches and spend fortunes on their collections; others love big, fancy yachts or exorbitantly priced supercars. But all have one thing in common – the love of property! So, it’s hard not to subscribe to this pan-Asian “religion”.
For affluent individuals, this “religion” is also their main source of fortune. For the ones who draw their billions, not from property, they still invest heavily in property, usually the trophy kind, and more likely a lion’s share of their income