Asia property bubble bursting
Cheung Kong Holdings and Sun Hung Kai Holdings have sounded clear warnings about Hong Kong property markets.
China and other red-hot Asian property markets are also in same predicament.
Here’s why from the perspective of Five elements.
This year is 辛卯年(XinMao year)，辛(Xin)是金(Metal)，卯(Mao)是木(Wood)，Property belongs to Earth element.
In theory of 5 elements,Metal saps energy of Earth while Wood conquers Earth. Thus,2011 will be a bad year for property especially in 2nd half when Wood power gains ascendancy.
Entry filed under: Watch your step.