i think drop 20% gwa. so i think will produce 負資產 (for those who borrowed over 70% + recently bought the flat).
drop 20% = last Sep-Oct price, i think it's reachable. actually last Sep-Oct still V HIGH.
if this time the new rules doesn't work, govt will continue release new rule.
i have lost confidence in prop mkt. momentum is really bad.
have to pay 50% down payment lock up more capital.
the most important thing is it's not a MUST to buy a property.
i think most flats are overpriced, even North Pt Wor Fu, Shing See Gdn s/v(sorry don't know how to type chinese) are over 11k psft. i believe those real estates who are decently priced will not hv big drop, maybe just 10% (actually some flats are cutting the price 3-10% today). but for those like Shatin City one over 5.3k psft, may drop 15-20%.