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Strategies & Market Trends : Asia Forum
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To: Dayuhan who wrote (6393)9/13/1998 10:36:00 PM
From: Derrick P.  Read Replies (2) of 9980
 
Steven,
Sam, hate to end the optimism party so early, but lower real estate prices in HK is similar to what happened in Japan ten years ago, and that did not end up with good results.

The suffering in the property collapse is borne
largely by the tycoons, and the beneficiaries are far more numerous. In HK the
movement in property prices is widely viewed less as a collapse then as a
restoration of sanity in property pricing.

Taken to an extreme, rents could collapse to little or nothing, but what would that say about HK. Bert Dohmen has a very low opinion of how China is and will handle HK. He believes that all those skyscrapers will one day end up as empty monuments to the capitalist era. Dohmen in an excellent market analyst, no 'the sky is falling' type. I take everything he says very seriously at this point.

Well Sam at least we had five minutes of optimism.

Best Regards,

Derrick
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