But they are grossly underestimating the market's potential. A correction can always come about. But without more evidence of economic overheating, it is unlikely interest rates will increase that much, and the overall environment is unlikely to change that much. Conglomerates, property, and hotel stocks will all pick up. The movement of index stocks will help boost the rest.
People are duly concerned about property prices.
Residential prices, especially, cannot be allowed to keep climbing higher over time, or it will affect the stability of society. But the SAR government is taking the appropriate steps to increase the supply of land, which will help subdue price levels. In the long term the overall direction is positive. Ever since the end of last year there has been a lot of currency pressure in Southeast Asia. That tends to happen when economies overheat and have to slow down, when foreign funds are moving out and not in.