What's the general sentiment : Are people still buying HK property these days or generally waiting for the change in country leadership later this year when supposed price reductions may take effect?
What's the general sentiment : Are people still buying HK property these days or generally waiting for the change in country leadership later this year when supposed price reductions may take effect?
Just to clarify :
An election will be held on March 25, 2012 to select the Chief Executive of Hong Kong. The incumbent Chief Executive Donald Tsang is barred from seeking a third term pursuant to the Basic Law of Hong Kong. The fourth Chief Executive term will begin on 1 July 2012.
I have this sneaking suspicion that those asking this question would not buy if prices dropped as a result of sentiment dropping as they would fear further drops. Similarly, if prices rose as a result of sentiment rising, they would also refuse to buy as they would feel they have missed the boat. In short what they want is a situation of rising sentiment coupled with dropping prices and since this is never going to happen, the dithering can go on for ever and ever.
I think it has slowed down. When a serious seller comes along, I see a cheap advertised price. But appears supply has lightened.
haha. this pretty much summarizes the crowd that's often "left out." they're just talkers and watchers because they never seize opportunities. if price drops, they run away and have no balls to swipe up bargains. if price accelerates upwards, they hit themselves in the head and complain.
2004 was such a situation. I bought my first property 10% higher than the absolute SARS bottom. I hope we won't see it again to that extent.
Last edited by hktraveller; 09-07-2012 at 08:26 AM.
Buy low, sell high. It's really that simple ...
If there was another form of SARS, would you stay in HK?
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