The so called leader and Government are a prime example of Nero fiddling while Rome burned !!!
The Finance guy buys a new Car & then raises car tax. Anywhere else is the sack & perhaps Fraud but Oh NO ... not in Hong Kong !
It was an 'error of judgement'
The housing sector was always artificial. The previous administration only sold 5o Ha of land annually to maintain value due to lack of groundspace ...... guess what !!! When the admin changed and that rule disappeared the supply went up .... DUH !
Prices fall !!! Its called Capitalism & the free flow of Capital results !
Hong Kong property prices are still ludicrously high compared to anywhere else comparable and there is nothing to change the fundamentals so WHY SHOULD THE PROPERTY MARKET STABILISE ??? It must continue to fall ....
Hong Kong will continue suffering in spite of its excellent businesses, determined workforce, acceptable taxes & brilliant geography because it is a ship without a helm ....
I just visited and unfortunately all my mates are suffering
& nobody seems to wanna do anything constructive......
"Hong Kong takes your breath away"
