Furthermore, if land and real estate in HK is no longer worth what we would like it to be worth, that's a serious hit to the banking sector and it will sink a lot of HKers into debt as the property bubble finally begins to deflate. That probably won't make them happier.
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Probably a generational divide on that. Younger generations would love cheaper rent and buying opportunities. That goes for US as well.
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It needs a whole lot more than that. It needs financial justification and the conviction that the building owner will not be dispossessed of their land or building. If there were obvious profits from building, wouldn't it have been done already by private enterprise?
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If the bids are coming in lower than the government would like, that's a strong indication that land and real estate in Hong Kong is not worth the desired price to any developer. If you want to work in a market-based economy, you must work with market-based pricing.
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That is a real problem, but not sure if that appeases black mask 'protesters', which I assume to be more of the wealthy and privileged class, just because of their arrogance and aggression (and I could even use much worse words) against their poor cousins.
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