Shit Times getting Hongkie to talk cok

[Cao Pi]

Singapore
Mar 24, 2010

Bubbles can be 'good'
They fuel sales volumes and price rises, says executive director of HK property firm

<!-- by line --> By Joyce Teo
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Mr Chiu at The Vision showflat in West Coast Crescent. He says the property market here is enjoying a boom and government measures will not alter that. -- ST PHOTO: DESMOND FOO

CONTRARY to what some believe, bubbles can be good for the property market, said the executive director of Hong Kong's Cheung Kong (Holdings).
Mr Justin Chiu told reporters yesterday at the showflat of his company's latest project here that he likes property bubbles because they fuel sales volumes and price rises. Mr Chiu - who was moved to dress up as James Bond at launch parties in 2004 to stimulate interest - believes that what he calls optimum sentiment can buoy prices by up to 30 to 40 per cent. Without it, prices can fall by 50 per cent.

'I like bubbles. It's my religion. In a property market or any market, if there is some bubble, people will be more enticed to go into the market.' 'If it's a flat market like in 2003 (when Sars hit), even though I give you a discount and I dress up like James Bond...I sell fewer than 10 units.' Mr Chiu, who stressed that property investment was a long-term game subject to short-term fluctuations, said people would not invest in property unless there was confidence. 'If no one is buying, prices will fall...That's why I said I like bubbles. Bubbles mean everyone is coming in.'

Read the full story in Wednesday's edition of The Straits Times.
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[cooleo]

>>....he likes property bubbles because they fuel sales volumes and price rises. <<

I bet he also like people committing suicide when the bubble burst

 

[streetsmart73]

>>....he likes property bubbles because they fuel sales volumes and price rises. <<

I bet he also like people committing suicide when the bubble burst

hi there

1. well, sheepish times is a just hopeless and equally useless media.
2. the big mouther should return to hk and walk the streets of hk, awaiting for some acid to be dumped onto him.

 

[Liquigas]

This Chiu guy is one of Li Ka Shing's most trusted aides. He is merely echoing the view of his boss as well as those other property barons in Hong Kong.

 

[numero uno]

typical @sshole arrogant honkies. wait till the bubble burst like in the west and then they go crying to the garmen and banks to bail them out or wants garmen to put artificial measures to prop up the dying market. just wait. what happens in west is going to hit singapore just like the S-shares ( stupid shares) which they are Singapore listed, China-based companies. What have they done to incur the wrath of all now as they are 99% full of cheats who cook their books(warning was given years ago but they choose to ignore it). all these property bubble benefit no one but the developers and the garmen. buy a $1m flat and you are stuck for life with 50 year mortgage like in Japan inn the 1980s and if recession comes you are stuck and cannot offload. you still need a roof over your head . all this bullsh!t about all these assets enhancement is all crap as it is all on paper with a potential lifelong imprisonment sentence and miserable life of slogging to pay of mortgage while these @ssholes take the cash and splurge on wine women and song. The subprime crises in US and europe has caught alot of professional now regretting it.

 

[khunking]

Hongkies are the major culprits when it comes to property price inflation during the early 90s. The rest are accomplices.

Singapore
Mar 24, 2010

Bubbles can be 'good'
They fuel sales volumes and price rises, says executive director of HK property firm