Fund managers are particularly keen on Hong Kong real estate investment trusts , because their stock prices are now cheaper than the value of the properties they own or partly own. REITs also tend to be heavy borrowers, so they are set to benefit when interest rates fall.
Rises in Hong Kong mortgage rates that began last year have compounded troubles for developers and mortgagees. Hong Kong interest rates tailgate those of the U.S. due to the local currency's peg to the dollar.Fund managers said the property sector had become a bargain since borders reopened in January and as the widely expected end of Federal Reserve's monetary tightening approached.
There is a massive chernobyl cloud of toxic gas that has been spreading across ohio and no media is covering it. Why?... We know why. More evidence is building up against mainstream media. Soon they will be irrelevant.
Investors should avoid Hong Kong because there are 2 sets of laws applied in Hong Kong - one set for 'us'and another set for 'them'. If you are not one of 'us' you will not get fair treatment. Treatment received by one of 'them' (open with OpenOffice)