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Property Prices Drop - Has it begun???

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  1. #11

    Join Date
    Feb 2006
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    1,014
    Quote Originally Posted by Cwbguy:
    I think hk$30,000 a square foot for a shoe box is an absolute bargain, what's wrong with you?
    Would $30,000 per square foot for a large apartment be a better deal?

  2. #12

    Join Date
    Jan 2017
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    My own prediction is that the correction won’t be as big as we expect. Look at what the government have done to cool down the market? None. The government appear to have done everything to prevent a collapse than anything. As soon as the Property price go down, the government will cease all their efforts in securing more land. Happened ten years ago.


  3. #13

    is the pressure to find land more intense for public or private housing?


  4. #14

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    Aug 2008
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    Quote Originally Posted by jonastainine:
    is the pressure to find land more intense for public or private housing?
    The government keeps taking already under-supplied land allocated for private development and switching it for public housing.

    There is no shortage of land

  5. #15

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    Sep 2013
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    Hong Kong
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    The correction percentage prediction has gone up to 15% from 10% predicted earlier. Apparently 'the city is facing its worst headwinds in 15 years'.

    https://www.scmp.com/business/articl...nvestment-bank


  6. #16

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    May 2006
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    Pampanga, Philippines
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    Quote Originally Posted by bammunu:
    The correction percentage prediction has gone up to 15% from 10% predicted earlier. Apparently 'the city is facing its worst headwinds in 15 years'.

    https://www.scmp.com/business/articl...nvestment-bank
    They predicted worse than that last year or was it the year before? I remember a 20% predicted drop.

  7. #17

    Join Date
    Feb 2009
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    8,280

    If prices have risen 20% in the last 8 months, then fall 15% in the next 12 months, then aren't they still going up just a bit unstable?

    shri likes this.

  8. #18

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    Jan 2016
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    732

    Unless Greece and Italy really Fuck up, these minor bumps will go primarily unnoticed. Bought my place in 2016 and today got an offer which was about 5% higher than the best last month. Actually, my house has increased by over 70% in value in the last two years. I'm really thinking to sell it and downsize and use the excess cash to entertain myself. I'm semi retired at the age of 36, and been on overseas holidays 3 times this year already.


  9. #19

    Join Date
    Jan 2018
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    831

    In today’s SCMP there’s another article about the imminent decline in Hong Kong’s property prices. Slowing economy, weak yuan and rising rates (I doubt any material increase will happen) point to a 15% drop, according to CLSA analysts. The only thing I can say is to the renters out there, prepare for monthly fee increases!!!! Landlords must be sweating hard. Doesn’t take much to make a local investor nervous.

    shri likes this.

  10. #20

    Join Date
    Aug 2015
    Location
    Hong Kong
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    553
    Quote Originally Posted by Ern:
    I thought we were aiming for 10 million population at least? Carrie shoring up the influx. Can prices drop significantly when their intention is to pack the place?

    https://www.scmp.com/news/hong-kong/...inland-chinese
    I hate stupid decisions, such as purposefully trying to squeeze more people into an already overpopulated city. She shouldn't be in charge of HK.

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