I was born in HK and lived in US for over 30 years. And HK will be the last place on earth I'll move to for retirement. Why would people pay a 10 times premium over a second tier city in China while it's laws and regulation is becoming the same as China. Let's not even talk about the middle class exodus, no longer a transhipment port in Asia and it's losing it's position as a financial hub. These are some irreversible factors that won't change in the next 10-20 years. There were millions of idiots got rich just for buying a home in the last few decades and they're the same idiots buying a home right now. The world has changed a lot the last few years, don't cling to the past and leave your sentimental values towards our hometown from any investments.
Yes, Cheung Kong needs to price at least $2,000 less than New World in order to sell its upcoming stock. As an aggressive company like Cheung Kong, it probably price $3,000 less than New World
