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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (125)	12/24/1997 10:31:00 PM
From: Don Earl	Read Replies (1) \| Respond to of 9980

Hi Everyone, worldbank.org Interesting pre "crisis" discussion of Asia by The World Bank. Regards, Don

To: Chris who wrote (125)	12/27/1997 11:42:00 PM
From: Richard Tsang	Respond to of 9980

Re: Parking in Hong Kong. Recently a local property developer throws in a parking space free as a way to lure buyers to the apartments offered for sale in HK. The parking space is valued at HK$500,000 each in this development. That is US$64,600, the average price of a US single family starter home. If you are curious about the price of the apartment itself, you can figure it out. The free car park amounts to a 5% discount on the property. For details, visit this site: scmp.com IMO, Hong Kong's property bubble is putting it in a very vulnerable position for an economic slow down and loss of economic wealth of the local people. If they can manage a gradual decline of property prices to a more realistic level, they have a better chance of success in keeping the currecy peg, and avoid another stock market crash. I think the government is trying to do just that. Good luck to Hong Kong. RT