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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?


To: borb who wrote (1850)4/19/1999 11:48:00 PM
From: fut_trade  Read Replies (1) | Respond to of 3902
 
...Hong Kong's Real Estate is coming back

It's my understanding that the HKSAR will resume land sales for real estate development after the present suspension is lifted. The land sales hurt real estate prices over the last few years, but the HKSAR has no other way to generate sufficient revenue to balance the budget -- except perhaps selling their blue chips stocks for a massive profit.