etrang
You seem very confused about economics. CPI and rental rates are quite different.
It would also appear you are confused as to the relationship of rental prices (a component of housing costs) which is a major component of the Market Basket of consumer goods and services and the CPI (inflation).
It seems HK rents can go DOWN as well as up. Who would have thought it? According to your link rents fell 25% in 2008/9, and from 2008 to 2010 there was still a net decline despite a 22% increase in 2009/10.
You sit here and accuse CB of cherry picking housing rental figures but you are guilty of exactly the same thing. The fall in rental figures you quote occurred during the Global Financial Crisis which is hardly representative of long term rental trends. The reality is that rental rates in Hong Kong from 1999 to 2009 increased by 13% according to official HK government figures. Since 2009 rental rates have increased a further 22%. That represents a 37.86% rise in rental prices since 1999.
Voiceofreason
Do you even know what happened? Basically, nothing.
BS nothing happened. CX B744BCF's were gifted to AHK rather than be wet leased to them which was the past practice.
Yes, it was a while since the last increase, but we ended up getting another.
Speak for yourself sunshine. I got zip. The last payrise I got was in 2001. How about your ask an A scaler how many payrises they have had since 1993.
