If you want to be a player in the Hong Kong property market, you'd best read what follows carefully, because it's a crazy game.
Here's the first problem: property in Hong Kong is grossly expensive.
That's fine, you say -- once you can afford some, it'll appreciate in value, and you'll have a nice safe fat investment on your lucre-dripping hands.
Well, maybe in normal places, but not here.
First off, we've had a little property market crash/recession problem. This too shall pass -- we hope -- but the days of buying a flat for HKD500,000 and selling it ten years later for 5 million are gone, and simply won't be back. Read more »
The socioeconomic systems of the world can be classified into two rough camps: the paternalistic, and the maternalistic. Read more »