SMALL FLATS - and Henderson Land's stock price (HK-12)
==
"Prices of apartments of less than 431 square feet jumped 15 percent last year, outpacing those of the wider market,
and shadowing the 6 percent growth rate of larger flats."
(I usually take HK-12 as a bellwether for the HK Property market, but maybe I should be thinking of it as been a possible predictor of the prices of smaller flats. Either way, it is a stock to watch if you think the HK property market may rollover this year.):
HK-12 / Henderson Land ... update
Are prices now Too High, for smaller flats?
Mr Lee Shau-kee, chairman of Henderson Land, with many small flats yet to sell, says: No.
"Prices are unlikely to drop, even with possible interest rate rises and increased supply."
Is he just: talking his book? Speaking to the bullish choir of (nervous) investors?
Having deep insight into the reality of HK's supply-squeezed market?
Or some combination of more than one of these
STRESS TEST - was just 3%
The article mentions a survey, where 60% of the responding firms were making First mortgage
loans with interest rates of no more than 2.3%.
The stress tests were done "simulating a 3 percent interest rate"
Is 3% really high enough to be meaningful?