Former child star Wang Jiaming, best known for his role in the 1980s Hong Kong film “Best Partner,” is now warning potential homebuyers about pitfalls in the Chinese real estate market. The actor, who recently re-emerged in the public eye after appearing on TVB’s “Chung Sin Good Voice 2” in 2023, has been sharing his insights on social media after relocating to Zhuhai and establishing a local real estate studio.
Wang Jiaming, 43, gained recognition as “Gua Tou Zai” (Baldy) in “Best Partner,” playing the son of Maggie Cheung’s character. He later pursued a music career and appeared in films like “9 Girls and 1 Ghost” and “100% Feeling 2003,” but largely faded from the Hong Kong entertainment scene. According to Yahoo Hong Kong, he resurfaced in 2023 with the singing competition before pivoting to real estate.
In a recent video, Wang Jiaming cautioned Hong Kong residents looking to invest in the Greater Bay Area, exposing deceptive practices surrounding unfinished properties. He labeled some developments as “fish plate” schemes, designed to lure buyers with promises of incredibly low prices – such as “400,000 yuan for a three-bedroom apartment,” low down payments, and fully furnished units. HK01 reports that Wang Jiaming is now being hailed as a “conscientious broker” by online viewers.
He criticized developers for using misleading language, describing remote locations as ideal for vacations and barren land as offering “beautiful scenery suitable for retirement.” Wang Jiaming also warned against developers who promise future improvements, questioning the likelihood of a pineapple field transforming into a central business district within a few years. He highlighted the risk of smaller developers facing financial difficulties, potentially leaving buyers with incomplete or substandard properties.
The actor further cited examples of poor construction quality, including stairwells flooded with over 20 centimeters of water and crumbling concrete, raising concerns about structural safety. He also mentioned instances of stolen electrical wiring and inadequate fire safety measures in parking garages. The Hong Kong Economic Journal details these concerns, emphasizing the ease with which buyers can be misled.
Wang Jiaming’s warnings reach as more Hong Kong residents explore investment opportunities in mainland China. His shift from acting to real estate and his willingness to speak out against questionable practices have garnered attention, offering a unique perspective within the industry. The actor’s experience highlights the growing trend of Hong Kong celebrities venturing into recent business ventures in mainland China, leveraging their fame and influence in a rapidly evolving market.
