PPRuNe Forums - View Single Post - Hong Kong Property prices, Flu, etc.
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Old 14th Mar 2008, 07:54
  #9 (permalink)  
404 Titan
 
Join Date: May 2002
Location: Asia
Age: 56
Posts: 2,600
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about_to_jump
So where's the downturn?
When the stock market bottoms out. Where do you think the money for property has been coming from between November and February? When you see money quickly move from one investment to another because the grass appears longer, it usually results in a bubble. In your case a 70% price rise in 10 months but most of it in the last 4 months is a bubble waiting to burst. I suggest you cash out now while it lasts.
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