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Hong Kong Housing Mkt
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| Junior Member |
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| 1424 Posts |
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| posted by Nasdaq_Index 48 days ago |
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I heard those loans applications have dropped along with transactions have shrunk and some potential sellers have begun to reduce their asking prices? Does anyone here feeling the heat yet?
Remember! Respect is Earned not Given =)
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| 5786 Posts |
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| posted by Gimpmask 48 days ago |
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As long as interest rate remains low, it should be ok. Unless the US picks up (and when that would happen is anyone's guess), then interest should remain low. But we will all be screwed by inflation though....what to do?
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Savage Local
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| posted by DBI 48 days ago |
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Don't feel a thing! When people start to move to places like Lamma Island, then we know it's trouble!
Anyone started bargain hunting for US stocks yet? Stock price of my company has actually gone up slightly since the beginning of the year.
www.dirtybootsimages.com
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| Regular Member |
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| posted by Gimpmask 48 days ago |
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which company is that?
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Savage Local
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| Regular Member |
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| Wet 'n' salty |
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| posted by AKA 48 days ago |
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Bestowing Blessings - a local imprint for Hallmark Cards
Talkin' sh1te, 24/7
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| 7053 Posts |
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| posted by shazza 48 days ago |
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quote:
Originally posted by DBI
Don't feel a thing! When people start to move to places like Lamma Island, then we know it's trouble!
What does it mean by "places like Lamma"?
BTW, do feel worried. Lamma is now over populated with expats from town and the rent has gone stupid for us scruffy people to afford! 
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| Junior Member |
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| posted by hongkonger 47 days ago |
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quote:
Originally posted by smiley
Dunno if you can read too much into this;
http://www.info.gov.hk/hkma/eng/press/2008/20080326e3_index.htm
New loans drawn down -22%, new loans approved -20%, this for February.
Most of those loans would be used for S&P contracts signed a month earlier, and with so much cash in the market..... I am still getting improving offers (that I reject) on my property in shatin if thats any use to anyone.....
We will consume 85 million barrels of oil today, what's going to be left for tomorrow?
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