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The Biggest Bull Of Hong Kong Property

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As always watch what they do, not what they say. I'm ashamed to say I am surprised every time.

http://www.alsosprachanalyst.com/real-estate/andrew-look-selling-hong-kong-property.html

The Biggest Bull Of Hong Kong Property Is Selling Off Properties

The highly respected, much revered, and most-of-the-time-bullish ex-UBS strategist Andrew Look was back and made some waves. Yesterday he changed his “fair value estimate” of the Hang Seng Index from 30,000 to 28,300 because he thinks yields in the United States is getting higher.He has also been very bullish on Hong Kong property for quite sometime, citing the same reasons of low interest rates and low supply as the driving forces. At one interview he did with one local Hong Kong magazine “Capital”, he said Hong Kong property prices are not expensive, but super expensive, but because of all those same old reasons (which are almost like a cliché), there is no way that property prices can drop. He added “it is very stupid to sell off your properties now”.

Curiously, yesterday he actually confirmed that he has been selling off his properties over the last 6 months. So we now have one more man joining the team of Li Ka-shing and Ronnie Chan, all sounded very sanguine about the real estate market in Hong Kong, and yet are doing other things that suggest the otherwise.

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Wheres the logic in talking a market down until one has left that market?

This is not the same as talking the market up while you are unloading.

In the latter case you will be known as a lying swine one should avoid doing business with. I know this doesn't count for much these days but I am confident that in time, good reputation and trustworthiness will reassert themselves as indispensable business assets.

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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