this PK fortune teller said in December 2017 that 700 would go below 300, 700 is 447 despite the recent big drop; this big corpse大屍 is really a big liar, a deceiver like the devil ! he belongs to the devil !
The property market is the MOST EXPENSIVE in the world by a wide wide wide margin. It takes 19.4years’ salary - no food, drink, rent, or any spending - to buy a flat in Hong Kong. No...not 19.4 years ... it is 70 years!!!!! We believe this 19.4 Affordability Rating of Hong Kong in the just-released Demographia Affordability Survey 2018 is grossly understated -- the housing affordability situation in Hong Kong is much much much worse than that. Demographia should have added an analysis based on "median house price per square foot" to adjust for the significant distortion due to ultra small size of the median housing unit in Hong Kong vs. other cities around the world. (In Hong Kong, the most unaffordability city in the survey, the median housing unit is much much smaller than the average, and much much much smaller than the 2nd most unaffordable city Sydney. On a size adjusted basis, the affordability measure would be 3 to 4 times higher -- i.e. in the range of 60 to 80.) A recently published data from the Hong Kong SAR Government's Census and Statistics Department shows that the median dwelling size per person is 161 square feet, which is only 1/3 of Taiwan's 505 sf., or Sydney's 600 sf [estimate]. Some reference sources are shown below. It would certainly be of interest if you could highlight in the commentary how the housing unit size adjusted affordability measure would reflect the degree of unaffordability of Hong Kong's situation with the 2nd worst ranked city (Sydney or Vancouver): Affordability measure (median housing unit price / median income): Hong Kong >>> 19.4* [>>> 70 if adjusted for size of the median housing unit] Sydney/Vancouver >>> 12 [>>> 11 if adjusted for size of the median housing unit] * In 2017, Hong Kong’s Affordability Rating dropped from 19 to 18 largely due to the vast amount of small nano/micro apartment units flooding the market. These units have enjoyed spectacular price per sf gains in the past year, so the Affordability Rating of Hong Kong moved up again to even higher levels in 2017. Sources for your reference - re: Hong Kong's 161sf average living space per person: 852 Post: 香港人均居住面積161平方呎 遜台灣上海新加坡 2017-11-28
Good effort! But this video will become the joke of the decade when the index goes beyond 40,000 in 2018. And if you are so good, tell us the exact date the market will crash, otherwise stop bsing
沈大師: What is the chance of the HK SAR Gov't introducing PROPERTY CAPITAL GAINS TAX (say 50%) on property [with say, a $10 million exemption for each HK citizen]?? and VACANCY TAX?? and increasing the BSD (from 15% to say 30% or 50%)?? --- in order to prevent Mainland & other foreign capital to flood the HK property market pushing prices even higher? [ For a Mainland property investor, the HK property market is heaven compared to the Mainland -- there is no 限購令 and various taxes -- and cooling measures implementation is extremely slow compared the Mainland. Many Mainland investors are using the name of Hong Kong residents, work permit holders, students, special talent immigrants, business immigrants to buy HK properties. The stats show a highly distorted picture and grossly understate the Mainland's money flooding in. Would you agree??]