Hong Kong's Property Swamp




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ORIGINAL POST

Posted by Ed 5 mths ago
According to an industry veteran, the majority of units listed in the Hong Kong real-estate market do not exist, and those that do are often misleading


Do not take the words of Hong Kong property brokers at face value.

In fact, you might consider discounting 95% of what they say as nonsense – or worse.

These are the controversial views of Centaline Property Agency chairman Shih Wing-ching, who recently asserted that the Hong Kong property market has far fewer “real” listings than one would imagine.

Shih estimated that only about 10,000 out of 160,000 property units listed in the Hong Kong real-estate market have actual letters of authorization from the landlord.

In other words, the remaining 150,000 are actually “fake”, not “real”, estate.

http://www.atimes.com/article/fake-property-listings-are-common-practice-in-hong-kong/

COMMENTS

Ed 5 mths ago
Hmmmm.... I just counted 53,000+ properties for rent on one of the HK property sites....

Tropics 5 mths ago
It's a marketing gimmick. ''Oh I'm sorry that one's gone but I've got similar properties on my books...''

HK should regulate.

Ed 5 mths ago
Perhaps another model is required....

Ed 4 mths ago
... to drain the....

http://img14.deviantart.net/f309/i/2004/099/9/6/polluted_swamp.jpg

Ed 3 mths ago
Swamp Monster!

https://i.ytimg.com/vi/-SPMXvonptY/maxresdefault.jpg




https://sd.keepcalm-o-matic.co.uk/i/keep-calm-and-do-something-170.png


........

Ed 3 mths ago
This

http://photos1.blogger.com/blogger/6089/1833/1600/realtor.2.jpg

+

https://mobilecomputingproject.files.wordpress.com/2012/10/hp-laptop-computers-repairs.jpg

=

http://www.onlygfx.com/wp-content/uploads/2017/12/fake-stamp-2.png

Ed 3 mths ago
But Ed ... why does nobody do anything about this deplorable situation....

Well... for the same reason nobody does anything about the billions of fake clicks and likes on social media sites.

What do you mean Ed? Explain this to us.

Well.... it comes down to $$$$$$. Lots of people are making lots of money by faking it. So why would they upset the apple cart.

Oh I see....

http://lawandborder.com/wp-content/uploads/2015/03/Apple-Cart.jpg

Ed 3 mths ago
Perhaps we ... need a hero?

https://youtu.be/OBwS66EBUcY

Ed 3 mths ago
Or.... perhaps we need to burn the entire house to the ground.... the timbers are all rotted so no loss...

https://youtu.be/_3eC35LoF4U

Ed 3 mths ago
Let's ask Colonel Kurtz what he thinks about the State of the HK Property Market Listings Debacle:

https://youtu.be/-DK0aaLNGak


Thank you Mr Kurtz....


Now over to Kilgore for his thoughts on how to sort this mess out....

https://youtu.be/X3jLaAEQby4


Hmmm... napalm.... perhaps virtual napalm? Digital napalm?

Or maybe some extra strength Vicks Vapour Rub?

Ed 2 mths ago
Alas.... it appears hopeless... no saviour is on the horizon .... we will be forced to continue to enter the swamp of fake and outdated listings wasting time (that could be better spent learning to tango ... or baking a cake) ... only to contact an agent and be told sorry, this is not available, but I've got this for you....

Oh the despair.... in these days of desperation ... we must turn to extreme measures....

https://wallpapercave.com/wp/2kDZlWN.jpg

Ed 2 mths ago
https://eclosure.com.au/wp-content/uploads/2014/11/LocnessDesignsdotcom.jpg


Expats are at the 5th stage ... total Acceptance that when they browse property sites in Hong Kong, they are looking at mostly fake listings....

And they pretend that this is ... ok.... because....

http://slideplayer.fr/slide/3211933/11/images/39/THERE+IS+NO+ALTERNATIVE.jpg

Ed 2 mths ago
https://rochemamabolo.files.wordpress.com/2015/12/26-yet-gif-still-w1200-h630.jpg

Ed 2 mths ago
http://georgebrikho.com/wp-content/uploads/2016/11/drain-the-swamp-1024x576.jpg

Ed 2 mths ago
And here we have ... some fake property listings:

https://www.pdpauto.com/sites/default/files/blog/Facade.jpg

http://madmikesamerica.com/wp-content/uploads/2017/01/potemkin-village.jpg

Similar to a Potemkin village.... a digital Potemkin village...

Ed 2 mths ago
I'm Mad as HELL!!!! Are you????

Howard sure is... he forgot to mention the HK swamp... but that's ok... I'll address that...


https://youtu.be/WINDtlPXmmE

I WANT YOU TO GET MAD!!!

I WANT REAL PROPERTY LISTINGS!

GO TO YOUR WINDOWS AND YELL - I'M AS MAD AS HELL AND I AM NOT GONNA TAKE THESE FAKE LISTINGS ANYMORE!!!

Ed 2 mths ago
Drain the Swamp https://www.realproperties.com.hk/


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