chinese actually have as strong a property bias as australians....

chinese actually have as strong a property bias as australians.

thats why chinese stocks are now surging - because for the first time since they were reintroduced to the concept of personal ownership in the 90s - chinese are learning property prices can go down.

they are at the opposite end of the spectrum the yanks were in GFC

but at heart chinese will always be about property - IPP will gradually become a very stout business

the real challenge is whether IPP can egnerate the income from r/e agents that REA does.,

i dont know the hong kong property market so i couldnt comment

but if they attracxt the same margin and scale they will eventually get the same multiple if not more - given a higher poopulation size footprint