…but just time for a quick glimpse at the Standard’s daily attempt to talk up the property market. Someone bought five apartments for more than HK$15 million at the imaginatively (putridly?) named SkyeHi in beautiful Tuen Mun in July. They have now sold one of them – bought for HK$2.94 million – for HK$3.2 million. The Standard invites readers to salivate over the HK$261,000, or 9%, return in less than two months.
Presumably there are lawyers’ fees and stamp duty to be paid. And remember the speculator has another four units to shift in what still looks like a sagging market. The report notes that…
KT Marina I in Kai Tak … launched 12 more selected flats with discounts as high [as] 35.75 percent to cater to robust demand after it released Mid-Autumn Festival incentives.
Of course, any vendor caters to ‘robust demand’ by slashing prices by over a third.
News of the HKMA cutting 50bps off the base interest rate came too late for this morning’s edition of the paper – but expect some orgasmic descriptions of prospects for speculators tomorrow.
And for some light relief and seasonal cheer, Regina has launched 4 carefuly curated images to celebrate Mid Autumn. Miss HKs have nothing on this poseur.
https://www.facebook.com/Regina.ip.fans/
So how about those six cops convicted of planting drugs on a homeless man in a Sham Shui Po park, the other day? Would any of the police supporters from yesterday care to explain why the police were in fact correct to suspect said homeless man of drug abuse by dint of his (Vietnamese) ethnicity, and were in fact so correct that they justifiably supplied the evidence themselves, and how he must have been guilty of something to deserve dying in a jail cell? Perhaps he was a bit rude or looked at one of them funny?