how to become a property developer?

wiliamway — Mon, 17 Sep 2007 22:30:53 +0800

how to become a property developer?any skill,qualification,knowladge...?how?who in this sector,can you all share with me?

why property price for sri petaling growing faster

wiliamway — Mon, 17 Sep 2007 17:55:01 +0800

why property price like house and shop lot in sri petaling growing faster?2storey house price now around RM350k!!!

what is private fund?how it run?

wiliamway — Sun, 16 Sep 2007 23:07:14 +0800

can you all share with me what is private fund and how it run?is it want to get permit/lesen from gorvement?

my property blog

wiliamway — Sun, 16 Sep 2007 22:55:37 +0800

wellcome to my blog: http://williamway.blogspot.com
i share all about property and investment in this blog

New investment world -second life ?

wiliamway — Sun, 16 Sep 2007 22:32:05 +0800

please visit my blog for more article =http://williamway.blogspot.com

Most people first heard of the "second life" are in early May, 2006. At that time, Anshe Chung, this virtual incarnation dressed in red Chinese costume, boarded on the United States "Business Week" cover. When most of the Internet users still do not know what "second life" is, Anshe Chung's 25 million dollars assets let people felt shock regarding the commercial potential in this virtual world.

By the end of year 2006, Anshe Chung declared to be the first "second life" created millionaire. After converting her virtual assets into dollars (based on market prices), distributed in 550 servers, about 36 square kilometers of land and property allowed her to double her total assets in the next six months, that was more than one million U.S. dollars. As for the source of this amazing figure, is Ailin Graef -- who in the real world using a keyboard and mouse to manipulate Anshe Chung, the German national Chinese female -- two and a half years ago invested 9.95 U.S. dollars in "second life".

Is 'Second Life' the new property investment world? A lot of people have a doubt that is it really makes money? No one can give you a clear and definite answer. "Second life" is not only attracting network gamers, it also attracted 500 large international companies, including IBM, DELL, SUN, Toyota and other international brands had been entered "second life" one after another to open shopping centers and plan for land developments.

According to "second life" report, many people make money (virtual currency, Linden dollar) in the "second life" and then exchanged it to U.S dollar to spend in the real world. And their profit modes in "second life" are from the sales of land and the collections of land-use fees. Now many people live in the "second life" have purchased their own virtual lands or islands. Therefore, in the "second life", there is lots of different real estate dealers buy lands, build houses and then sell. For instance, a British net surfer, Michael set romantic villas for couples, and then sells or leases the properties to pairs of lovers, one week he can earn more than 2,000 U.S. dollars.

Will invest and develop properties in the "second life" able us to gain the first bucket of gold? Opinions differ. Next to share with you, is venture story of "second life" millionaire--Anshe Chung., her company located in Wuhan created wealth for her in the virtual world. In March 2004, "second life" started open registration for the users outside the United States and the United Kingdom. Ailin Graef - one Chinese teacher decided to try this new plaything which only opens for adults, and it is said to be completely built up by the users. Hence, she named her virtual incarnation as Anshe Chung.

At the beginning， Anshe Chung had no any business plans in the virtual world. She only sauntered everywhere, to see what actually the virtual society different from the reality world. She found that in the "second life" existed many successful elites, many people already registered as users as early as a year ago. When she realized there were a lot of business opportunities, early advantage of vast majority of markets already been seized by the early users. "At that time, I was facing with a challenge- this challenge until today many people still have to face it-is how to find out a sub-market that can provide good business opportunities." Anshe Chung said.

Shortly after Anshe Chung came to "second life", Linden Lab launched a new function which enabled the users to create animation effects for their roles and objects in "second life".

Anshe Chung found her own chance. She started her first virtual undertaking by means of reselling the animation effects, and then she entered the virtual land market, well, at that time, nobody was interested in that. Anshe Chung purchased some lands with the cost less than 10 dollars, then sub-divided the lands with 3D theme's architecture and landscape designed by "second life" powerful clients, she gained revenues by renting and reselling them.

By searching the lands hold by Anshe Chung in "Second Life", you will be able to see all kinds of worldwide architecture styles -- including Asia, the Arctic, Europe, and the Mediterranean and so on. Anshe Chung was not simply built the houses, but interior decorations, items displays, even courtyard potted landscapes and surroundings of islands, matching designs were conducted based on the architectural style of the building. If the user's computer configuration was high enough, internet access speed was fast, after adding the animation of sunlight and water waves, Anshe Chung's construction works in the "Second Life" almost caused people to feel like be personally in the scene.

Anshe Chung's virtual club in "second life"

Due to the high-speed changes of "second life" economies, risks of virtual property market also difficult to predict. In September 2004, Anshe Chung entered virtual property market about two and a half months; her business model was still in a simple "buying-selling" state, which did not have much development components. Suddenly, Linden Lab increased new lands opening up speed substantially, so, within one night, land prices dropped sharply; new market price was less than the half of the original.

"Most of my competitors were committed a very serious mistake, that was willing to sustain loses to sale the lands, but gripped the lands on hands. At the same time, they have no extra money to buy any cheaper new lands. "Ailin Graef recalled. After drawing a lesson form a bitter experience, she listened to her husband, Guntram Graef's suggestion; sold the lands at low prices, at the same time, bought those low-priced new lands which just emerging in the market. According to Ailin Graves, by that time the risk was as real bankruptcy in the actual world.

After returning to normal operation, she insisted of original pricing strategy -- on the bought-in prices, add an unexaggerated profit margin, and then expanded the scale continuously. Ailin Graef said, "My managing thinking was not 'How can I let people to draw out more money', but with low-profit space as basis to expand the commercial territory. After entering "second life " for four months, Anshe chung had become one of the most eye-catching commercial star in the virtual world.

The Real Company

In January 2006, Ailin Graef set up Anshe Chung Information Technology Limited in her native place, Wuhan, Hubei; and recruited local talents to carry out real estate developments in the virtual world. In the process, the payments of salaries, rent office space, purchase of computers, in order to let the company accounts' funds met requirements ... all transactions/general affairs required financial support, all these expenses were came from Anshe Chung's business gains in "second Life".

In Anshe Chung office, Ailin Graef set up a number of workshops to provide different working atmosphere in order to encourage the designers' innovative thinking. Currently, the company has more than 30 employees and plans to expand the total number of employees to 50. Among these employees, some had been worked with the producer of networks game "EverQuest world"-- Blizzard Corporation , Some had been worked with some of the Japanese game outsource companies, but most of them are fresh graduates from the schools.

The actual Anshe Chung Workshop

At the moment, based on income and number of customers as a standard to carry on measurement, Anshe Chung still is the largest real estate developers and service providers in "second life" -- of course, not considering the "second life" platform builders, Linden Lab. "Thinking of building a company as a size of Anshe Chung? There are still many opportunities in the virtual world. However, you should not repeat the business model of Anshe Chung." In Ailin Graef's view, "Second Life" economy still can accommodate a number of large-scale virtual enterprises, but these enterprises should not pursue their own innovative business model.

Just like music, film and software developments' experiences, after the number of participants became more and more, only a small group of elites could become millionaires. For ordinary people, the more intense the competition is harder to get ahead of people and success. "Second Life" was an unremarkable platform at one time, but now it has become a huge global economy. But I still believe that in 2007, we still will see a lot of people become millionaires due to products of the virtual world. "Ailin Graef said.

WHAT IS SECOND LIFE？
Second Life is a 3-D virtual world entirely built and owned by its residents. Since opening to the public in 2003, it has grown explosively and today is inhabited by a total of 7,426,058 people from around the globe.
1． From the moment you enter the World you'll discover a vast digital continent, teeming with people,entertainment, experiences and opportunity. Once you've explored a bit, perhaps you'll find a perfect parcel of land to build your house or business.
2． You'll also be surrounded by the Creations of your fellow residents. Because residents retain the rights to their digital creations, they can buy, sell and trade with other residents.

3. The Marketplace currently supports millions of US dollars in monthly transactions. This commerce is handled with the in-world unit-of-trade, the Linden dollar, which can be converted to US dollars at several thriving online Linden Dollar exchanges

Lowyat.NET: Latest topics by wiliamway

how to become a property developer?

why property price for sri petaling growing faster

what is private fund?how it run?

my property blog

New investment world -second life ?