HONG KONG PROPERTY PRICES

Here 1 cutting from yesterdays SCMP readers letter. Mr. Yiu is exactly getting the point - I have experienced exactly the same again and again. The market is too much driven by "poker faced" agents. In the todays policy address of our CEO not any idea about how to stop that. One should initiate a interest group to actively fight against this kind of "sales - tactics". Also once again another proposal from my side mainland buyers should be put on some quota - even if they are holding this so-called "capital investment entrant scheme"(please see correction in next post). Also there should be the obligation to proof the origin of the money if property is paid in cash by mainlanders. The other article is about flats in Tokyo - so now HK is even more expensive ! Please click on the picture for reading: