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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: ---------- who wrote (922)	11/23/1997 10:30:00 AM
From: Richard Tsang	Read Replies (1) \| Respond to of 2951

Doug, these are very good companies that your group invest in and should have no problem coming back to where they should be. I have heard (unofficially from some real estate agents) that the residential property market will drop a further 20-30%. At these levels, I still consider the prices too high (compared to where I am going to live beginning next year). Most of the companies you listed are not heavy on property market (except 017). I have liquidated most of my HK holdings a few months ago as I was planning for an "investment" property in Shanghai...glad I decided against waiting till the last moment to cash out for my down payment which is due next month. I will be glad to pass along your message to the people in these fine companies when I have an opportunity. Good luck to your group. Dug, I would like to communicate with you via e-mail, but would like to seek your okay before I do so. Please advise. Sincerely, Richard