Only if my prediction that Christmas will be in December this year also counts.Original Post Deleted
Only if my prediction that Christmas will be in December this year also counts.Original Post Deleted
The problem with buying that $14m apartment, assuming one has the necessary finance, is the 30% tax add-on for non HKID holders.
Is this meant to be sarcasm or are you genuinely trying to claim that loading up on obscene levels of debt in the city with the worlds most expensive property market AND such an uncertain future (due to various economic, political and social factors), is completely risk free?
I consider myself centre-right, in that by default I think the market should be left to its own devices. Do you not think there’s a problem though, if people actually based and living in the city are relegated out of housing by visitors whether frequent or occasional? Doesn’t seem like the most efficient use of resources to me.
Well there are people who do things for all sorts of reasons, but whether the numbers move the market is another question. As far as I am aware it was predominantly the Mainland Chinese who initially moved the the new build market which then dragged everything else up in sympathy and the market got hot again but primarily from locals buying in without the 30% supplement. Now there can be discussion as to whether the above is the only interpretation but the bottom line is that Western expats continued and continue to predominantly consider themselves locked out of this market with the 30% top up. This market being residential property.