Hong Kong - the most expensive property in the world
What happen when the world's most expensive property start to get cheaper ?
(cheaper is relative since a 10% fall is still out of reach for many people)
Is housing affordability one of the main catalysts that causes the unending chaos and protests in Hong Kong? Let the debate between the fundamentalists and value investors continue....
Let's focus on one of the chart, CK Asset which belong to the property magnate, Li Ka Shing.
It has broken out of the bearish trend line in mid Dec last year after suffering more than 30% fall from its peak in early Apr 19. It has since recovered about 13% and looks set to charge up higher.
It can still revisit the support at 50.55 before rebounding or break out of current resistance at 55.85 and heads towards 64 price level.
If you look at global equities, Hong Kong due to its protests had dented the stock market and making it very attractive for long term investors. I am both vested in HSI and selective stocks as well. When we talk about HK economy, two things strike out - one is property and the other is banking. These are two main pillars of the economy and the Government will do all it can to prop it up.
For the ultra rich who has confidence in Hong Kong , they can pick up the properties at a much cheaper price and at today's ultra low interest rate, they are literally being financed by the bank to become wealthier and wealthier.
Luckily, there is the stock market which is available to those who are not able to partake in the above game. Smaller capital with good appreciation rate coupled with compounding interest over a period of time can equally yield a substantial income as well.
Now the options are made available to you. Will you take it ?
(cheaper is relative since a 10% fall is still out of reach for many people)
Is housing affordability one of the main catalysts that causes the unending chaos and protests in Hong Kong? Let the debate between the fundamentalists and value investors continue....
Let's focus on one of the chart, CK Asset which belong to the property magnate, Li Ka Shing.
It has broken out of the bearish trend line in mid Dec last year after suffering more than 30% fall from its peak in early Apr 19. It has since recovered about 13% and looks set to charge up higher.
It can still revisit the support at 50.55 before rebounding or break out of current resistance at 55.85 and heads towards 64 price level.
If you look at global equities, Hong Kong due to its protests had dented the stock market and making it very attractive for long term investors. I am both vested in HSI and selective stocks as well. When we talk about HK economy, two things strike out - one is property and the other is banking. These are two main pillars of the economy and the Government will do all it can to prop it up.
For the ultra rich who has confidence in Hong Kong , they can pick up the properties at a much cheaper price and at today's ultra low interest rate, they are literally being financed by the bank to become wealthier and wealthier.
Luckily, there is the stock market which is available to those who are not able to partake in the above game. Smaller capital with good appreciation rate coupled with compounding interest over a period of time can equally yield a substantial income as well.
Now the options are made available to you. Will you take it ?
Comment:
a bearish candle , meaning selling is not over here. It might break down the support at 50.55 and heads towards the next support at 49.30 level.
Comment:
support at 35.6