House Prices slowing at last...

[Kitsune]

Krone is right... the housing market in HKG is not a free one but regulated by the government (?) through the land sale scam and the issuing of occupancy permits for new estates. Allegedly when prices look a little shaky, less land for sale and time for the occupancy permit seems to extend and extend, when prices rise or firm, then the taps get turned on again. This, together with the alleged cartel amongst the major constructors and the tremendous population pressure at the bottom of the market, ensures that (with the exception of a major world wide event like the Asian financial crisis) Krone will be able to stick two fingers up to CX long before the rest of you..........good for him!!!