Ive been checking some valuations on HSBC. Although valuations are ~7% less than 6 months ago, this seems quite optimistic by HKs largest lender. Do they want to create more toxic debt by overvalueing Mid Levels units?
Will owners now be offering flats at "20%" below valuation", as was the case 5 years ago?
HK property is still secure (!),and has so far lost much less than my HK stocks and MPF (down 60K this year)
Most guys have doubled their investment in the last 3 years. A fall of 20% shouldnt worry most, we will just buy more
