Golf is not and has not been for the filthy rich for many decades. There are far more municipal courses for the general public at very low prices that are affordable for everyone. They are open space amenities not only handling recreational needs, but also managing stormwater for developments, providing wildlife habitat corridors and helping to increase property values for the local owners just to name a few.
I have been in Hong Kong, Macau and China now for 4.5 years, the Chinese gov’t has put a halt to any new golf course construction to allow the market to catch up. Only projects that were on the boards prior to the halt can continue with construction.
They may lift this ban in a few months to a years time, let’s see what happens. I found it interesting working on these larger development projects to see the needs and desires of the local developers and the different recreational needs of the potential buyers. The experience has been incredible.
Just my two cents worth.
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