Quote:
Originally Posted by PropGuy
Actually, it is the other way around.
First, US$ will push the property prices up in 2010 as I see a sharp fall in price of US$ around that time.
Second, HK and Singapore are mature economies, they don't have more room for growth. Dubai is a baby and more potential for growth. Price go higher in the growing economies rather than matured economies. Prices in HK are twice as high as Dubai, so there is lot of room for growth in Dubai.
Third, Dubai is biding for Olympics and any good news on the bid would feed the bulls in Dubai property market and prevent any fall in the property prices... at least until the Dubai Olympics.
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1 $ has reached the peak 1.60 to the euro is the max – do you think Americans are stupid or they will stop controlling the world
2 I don’t agree the prices are double in HK almost the same
3 Do you think somebody will come and run 42 kilometers in mid august in Dubai – this is not possible and will never happen. Olympic Games are a sport event for the people and needs reasonable environments to participate in. On top of that who is going to watch the Olympics the Camels or the workers from India and Pakistan.
If you tell me they might bid for winter Olympic games is more believable than the story of the summer Olympic