Et to brute! So said the flight crew body of CX to RH as he mentioned they deserve nothing in 2013!
Now, back to housing. Are bank valuations a direct function of purchasing power in Hong Kong (I.e. Interest rates, income, etc), or are they really what they are 'worth'? How can banks in Hong Kong determine what property should be selling for? It seems to me they are more interested in selling long term loans, and if they want the market to crash then they have the tools to facilitate the downturn.
I'm not holding any anonymous user to it, but any educated predictions on where the overall market will be at the end of the year? + 15%, -30%, +100%, -45%?