No - more the one way bet due to restrictive land policies.
Although I appreciate many people associate speculation with short term activities. The constant general upward trend will have to end at some point. Better a managed transition away from being hooked on land sales.
Last edited by East_coast; 09-01-2012 at 08:28 AM.
Those might your definitions, but it is not necessarily how the terms are used in economics and finance...Original Post Deleted
As an aside, compared to many other potential investments available at the moment, the rental yield on Hong Kong is actually quite attractive.
Last edited by beachball; 09-01-2012 at 08:53 AM.
'empty for say 6months' statement was more about getting capital to work for society. 6, 12, 18 months or what ever figure would stop people buying and holding for longer periods not shorter ones. A flat next to one I let out has been empty for 10+ years that doesn't seem a very good use of capital (unless property overall is a one way bet - exceptions such as '97 & '11 of course)
2 exceptions in a 14 years span...that does not really look like exception to me....
Truth is that in the last 14 years there has been lots (yes lots) of up and down. So it's not a one way bet, far from it.
The problem is not that it is going up or down, the problem is that the swing in prices is always too extreme, that's the problem.
It seems this is the BIGGEST issue facing HK today:
Get the picture? - The Standard
Hehehe, I assured you, I only write rants at people who deserved to be ranted at .
What is really infantile is you again and again trying to dictate what can be said here by dismissing all other suggestions as infantile. You ain't the moderator here, buddy .
And if you really think hard about it, the whole land system in Hong Kong is structured such that the government and the developers are bound to overlap in their interest.
Voting for the people that represents your interest best? Sorry to break this to you, but we don't get that choice in terms of the CE. But the developers and business elite do get a outsized voice through the functional constituencies.
Sure, we can all stop pissing on the government, once we get a vote on who becomes the next CE. Until we get a say on that, you bet your arse I'll piss on it. And why don't we throw away all our freedoms of speech and check and balance for that matter? At this rate, we'll be no different to the mainland pretty soon, comrade gilles.
Last edited by Watercooler; 09-01-2012 at 10:31 AM.