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

To: Bosco who wrote (2248)	9/1/1998 12:41:00 PM
From: tom	Read Replies (1) \| Respond to of 2951

Re the HK airport. - Cargo charges are now 30% higher in CLK airport than they were in Kai Tak - The journey time from the airport to Central is 2-3 times longer (and 2-3 times more expensive) than it was before. - Is this progress? And.... If housing shortage is an issue AND property prices are too high then surely it makes sense to flood the market with land and cut land premiums in order to drive down the cost of property development (and cut developers's outrageous margins) in order to benefit the average man on the street. Stopping the land supply (and therefore boosting prices) just benefits the rich, and politically important, developers at the expense of the economy as a whole. Letting prices adjust means the HK$ peg can stay. Interfering with prices means it will go. (I concede the point that letting prices fall may destroy the banking system but that's a mere technicality <g>) Also.... Will Hong Kong remain the gateway to China for long. Why won't Shanghai take over? OK it may take 20 years but China want to get rid of HK as soon as there own cities are able to take over. I pretty much agree that HK is useful to China but we must watch future developments carefully... PS.... In a few weeks you will be able to check your luggage in at Paddington Station in London before flying from Heathrow airport. Is the UK advanced or what!!