Hong Kong finds itself short of change: consumers fume as street dealers turn coins into a hot commodity

Article Abstract:

The citizens Hong Kong are experiencing a shortage in currency due to a widespread practice of hoarding coins with Queen Elizabeth II's head and 1997 Special Administrative Region coins. People hoarded the coins with the belief that their value would rise, resulting in a shortage of change. A Hong Kong $200 bag of HK$ coins can fetch as much as HK$232 dollars due to the shortage. Businessmen are forced to buy the more expensive coins despite overpricing to prevent losing customers due to a lack of change.

Other General Government Support, Coinage & Currency, Analysis, Supply and demand, Money, Money supply, Coins

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No end is near for Hong Kong's delays in real estate

Article Abstract:

Hong Kong's property markets are not showing any improvements despite government efforts to lower prices with promises of adequate housing. House buyers are braving the high prices and the government admits that its ambitious plan of providing 85,000 homes annually won't be met until the year 2000. Housing prices, however, have lowered somewhat but analysts predict that speculators are merely waiting for prices to become stable before resuming their activities.

Housing Programs, Administration of Housing Programs, Real estate, Political aspects, Housing policy, Housing development, Real property

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High loan rates, new supply to cap Hong Kong prices

Article Abstract:

Increased supply and high loan rates are predicted to cap housing prices in Hong Kong. The market is expected to remain volatile however, due to market movements and speculation. Still, real estate agents maintain that buyers should wait for prices to drop before buying and that would be during the later part of the first quarter of 1998. Property prices have already fallen 20% to 25% but prices are expected to fall further by 5% to 10%.

Real estate agents and managers, Real Estate Agents & Brokers, Offices of Real Estate Agents and Brokers, Forecasts and trends, Real estate agents, Real estate agents and brokers

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