Rich Chinese Offloading HK Flats

Some Chinese owners are selling their flats in Mid-Levels

Not only are locals and expats offloading their properties to leave the city, but also mainland Chinese who need to cover their stock market losses.

About 10 to 20 percent of mainland homeowners in Mid-Levels have reduced their prices because they are in urgent need of funds or are shedding their holdings, said Samuel Lai, senior direct sales director at Midland Realty.

"Homeowners in urgent need of money may cash in for having burnt their fingers in the stock market," said Lai, who anticipates another 5 to 8 percent will lower their asking prices until the pandemic and stock market volatility ease.

One buyer is offloading his flat at The Morgan

However, who is willing to buy now? Prices could go down even further in the coming months, and these transactions may take a few months to be completed. Perhaps even worse, the current fifth wave has made potential buyers anxious about even viewing the flats, thus further stalling the property market.

Hong Kong's stock market has been a rollercoaster ride in the past two weeks with mainland Chinese tech stocks taking a serious beating, and on top of it the war in Ukraine and the rise in Covid-19 cases in China causing jitters.

Property owners in Mid-Levels have cut prices by up to 15 percent since Lunar New Year because of the aggravating factors, said Lai, adding that prices may fall further by another 5 percent until midyear.

Sun Hongbing is the younger brother of mainland Chinese developer Sunac China Holdings' chairman, who sold three luxury flats at The Morgan and Arezzo in West Mid-Levels at a loss of a whopping HK$126 million (US$16.10 million) this year.

Another flat is at Arezzo on Seymour Road

He sold the 2,343 sq ft flat with a 460 sq ft rooftop at The Morgan for HK$138 million, 27 percent lower than the HK$189 million he bought it for in October 2018. The overall loss totalled HK$109 million, the biggest loss since the coronavirus pandemic erupted two years ago, if the 30 percent stamp duty is taken into account.

The creditors of another Chinese tycoon from Zhejiang province put two foreclosed duplex flats and two parking spaces at Marinella in Wong Chuk Hang for sale at HK$283 million. 

Looks like things are financially tight for everyone...

Gov't Defends Culling Wild Boars

The wild boars were lured down with bread by the authorities

Animal rights groups are up in arms after the Agriculture, Fisheries and Conservation Department captured and killed seven wild boars in Wong Chuk Hang.

In plain sight of the media, the AFCD lured the wild pigs with bread -- which the government has repeatedly told the public not to feed them -- and then tranquilized them with dart guns.

Seven wild boars were culled 

It seems the AFCD is now taking drastic action after a wild boar knocked down an auxiliary policeman before biting him in the leg and then the animal plunged 10 stories to its death in a residential car park in Tin Hau last Wednesday.

There had been numerous complaints from the public for the authorities to do something about the wild boars, capture them and take them to remote areas, instead of ignoring the problem and worse having ignorant people feeding the animals as if they were pets. The number of sightings involving wild boars rose from 225 in 2011 to 1,002 last year.

When criticized for using food to lure the wild boars down, Simon Chan Kin-fung, the department's assistant director for conservation said on a radio show: "Even if we did not use food to attract them down from the hill yesterday, they would still come [to urban areas]."

Perhaps what made the optics even worse was that several of the boars had young ones with them when they were "compassionately" put down.

Police officer bit in leg by boar

"Some other parts of the world have been using the hunting method. We are using a very humane way to put down the wild boars, with dart guns and medicine injection. We will continue to use food to capture the wild boars in the city area," Chan said.

Last week the department announced that wild boars in urban areas would be "regularly captured for humane dispatch with a view to reducing their number and nuisance"... in other words cull them.

The previous strategy was to capture them, neuter them so they would not be able to breed and then relocate them to a remote area. 

About 20 staff were involved in capturing and euthanising the seven animals, which weighed between 50k to 170kg.

Chan said the department only targeted wild pigs that were frequently found in urban areas, not the ones in rural places.

However, the Society for the Prevention of Cruelty to Animals condemned the AFCD for its actions, accusing officials of ignoring suggestions on how to manage the problem.

"The SPCA reiterates that a non-lethal approach to wildlife management is always preferred, and is against the idea of hunting boars, as this has proved to be problematic on several fronts," it said.

The boars had young ones with them last night

Roni Wong Ho-yin, a Hong Kong Wild Boar Concern Group committee member who witnessed the operation, described the use of food to capture the animals as "despicable and bloody".

He said the bait could attract animals that humans were not regularly feeding.

"The department has been educating people not to feed the wild boars," he said. "But they are doing something self-contradictory. This could change the behaviour of some wild boars which are not used to being fed by humans."

Others felt the public must be educated not to feed the animals because it gives them an unnatural food source that encourages them to reproduce. 

So if they are, then it seems they are reproducing at a much faster rate than the AFCD can neuter them, or the authorities are not capturing enough of them to really make an impact on the population numbers.

An artistic impression of the wild boar cull...

In any event, while there was a lot of outrage online, one artist took to his blank page and created a riff off of artist Wang Xingwei's riff off of the Tiananmen Square massacre picture of people riding bicycles and taking two penguins that were shot in the chest.

Instead a Hong Kong artist showed boars riding a bicycle with a wooden board behind, carrying another wounded boar, one in the foreground wearing a yellow helmet and tears dripping from its eye.

Even wild pigs have feelings too...

December Misery Covid-Style

Now you can pick up Covid-19 tests at a nearby MTR station

It looks like the upcoming Christmas and New Year holidays are going to be really low-key this year after infectious disease experts warned the current fourth wave has yet to peak -- if people gather for festivities later this month then cases could surge.

Today 78 cases were reported.

Dr Ho Pak-leung, head of the University of Hong Kong's Centre for Infection, said it was "very worrying" to see an increasing number of untraceable cases, numerous local infections, and various clusters involving different venues.

Dr Ho says it's hard to control virus by Dec 31

He warned as temperatures drop, the situation could get worse and problems could rise if people flout social-distancing measures by gathering for Christmas.

"It's basically impossible to put the fourth wave under control by the end of the year," Ho said.

How depressing, not just for the city, which has cancelled the fireworks display, but also for hotels and restaurants, who can probably expect the current measures of two to a table to continues until at least the end of the year.

Meanwhile, getting tested for the coronavirus got easier, well sort of, with testing kits distributed in vending machines in 10 MTR stations.  They are: North Point, Wong Chuk Hang, Kowloon, Kwai Fong, Tsing Yi, Ngau Tau Kok, Tiu Keng Leng, Tai Wai, Tai Po Market, and Siu Hong.

People can use their Octopus card to get free test

The kits are free and people can get them by using their Octopus card, and then scan the QR code to find out where they can send the specimen bottles back to get test results. 

While each station distributes about 1,000 kits per day, the first day, by 11.30am over 6,500 kits were distributed and the machines ran out of kits very quickly, except for the machine at Wong Chuk Hang.

Are these people stocking up on free kits to use whenever they feel somewhat ill? Or are people trying to collect as many test kits as possible for hoarding? It's really bizarre. 

Let's see how many of these tests are actually returned with specimens in them...

The Polarization Continues

The entrance to Baptist University is effectively blocked by mini Stonehenges

As I write this, students at Chinese University of Hong Kong are retreating -- about a dozen volunteers have come with cars to take them out.

This ends the four-day occupation of the university safely... but they have left behind a giant mess.

However it seems Hong Kong Polytechnic University is still going strong, the students have prevented any traffic from going through the Cross Harbour Tunnel and even have security checks of every person who walks into the campus.

A fire erupted near Chinese University prompting evacuation

I talked to one professor from the University of Hong Kong -- and it is also his alma mater -- and he said this was the first time he ever had to climb over barricades to get to his office.

The situation has become untenable and the heads of nine universities here have issued an open letter to the government urging the authorities to set up and resolve the political deadlock in the name of safety and security of the whole city.

The letter says:

Hong Kong society is currently fractured, with deep divisions across social groups, political parties, and even amongst family and friends. The past week has seen a rapid escalation of violence and confrontation throughout Hong Kong: several universities are now under protestors’ control; on-campus hazardous materials have been taken; staff and students have left campus out of fear for their personal safety. These events are challenging our universities in the most fundamental way.

No political viewpoint gives a licence to damage property, employ physical threats, or use violence against individuals. It is regrettable that societal disagreement has led to university campuses becoming major political battlefields, and that the government response has so far not been effective. However, any demand that universities can simply fix the problem is disconnected from reality: these complicated and challenging situations neither originate from the Universities, nor can they be resolved through University disciplinary processes. They are reflections of Hong Kong-wide disagreement, and the government must take the lead with swift and concrete action to resolve this political deadlock and to restore safety and public order now.

Earlier in the day students manning No. 2 bridge in Sha Tin

Hong Kong is our home. We call on all quarters of society to work together to bring peace and order back to Hong Kong.

Prof. KUO Way, President, City University of Hong Kong
Prof. Roland T. CHIN President & Vice-Chancellor, Hong Kong Baptist University
Prof. Leonard CHENG, President, Lingnan University
Prof. Rocky S. TUAN, President & Vice-Chancellor, The Chinese University of Hong Kong
Prof. Stephen CHEUNG, President, The Education University of Hong Kong
Prof. TENG Jin-Guang , President, The Hong Kong Polytechnic University
Prof. Wei SHYY, President, The Hong Kong University of Science and Technology
Prof. WONG Yuk-Shan, President, The Open University of Hong Kong
Prof. ZHANG Xiang, President & Vice-Chancellor, The University of Hong Kong
(Listed in alphabetical order of universities)

Earlier in the day a newspaper article talked about how the government was getting pressure from all sides, including the pro-establishment parties to do something to resolve the situation. Everyone is tired and frustrated by the government's inaction, just constantly condemning the protesters as rioters and how the violence needs to be stopped.

This only gives more license to the police to have their way with anyone, including bystanders, which in turn makes people even angrier. Surely the government must have figured this out by now.

Carrie Lam not very empathetic at town hall meeting

At lunchtime today scores of people came out not only in Central and Taikoo, but also Wong Chuk Hang and Kwun Tong. A lot of Hong Kong's population are angry with the government.

Chief Executive Carrie Lam Cheng Yuet-ngor has said that she is open to dialogue and yet she has not had engaged the public since her disastrous town hall meeting on September 26.

What is she waiting for?

The best way to diffuse tensions is to initiate dialogue but instead Lam would rather inspect trashed MTR stations than meet with people to hear their frustrations and fears. Did she think people would give up?

As someone who was directly involved in dealing with the Umbrella Movement five years ago, Lam hasn't learnt her lesson at all. She has just dismissed it as a blip in Hong Kong's history. For the rest of us, those 79 days were seared in our memories.

Civil service head Joshua Law sends warning to civil servants

Meanwhile civil servants may want to think twice about protesting. Secretary for the Civil Service Joshua Law Chi-kong wrote a letter to the 180,000 civil servants and warned they would face immediate suspension or other disciplinary action if they were arrested for taking part in unlawful activities.

"The government will not tolerate civil servants breaching the law," he wrote. "It would be difficult for the community to accept an arrested civil servant being allowed to continue to exercise the powers and functions of office.

"In this regard, we will interdict the officer in the public interest when an inquiry against him is being undertaken," he wrote.

If this letter was written a year ago, most people would agree. But given what has happened in the past five months, including a rally for civil servants to protest against the extradition bill, most residents would not mind if a civil servant was arrested and continued working -- until they were convicted.

What happened to following the tenet of "innocent until proven guilty"?

The polarization continues...

Picture of the Day: Wong Chuk Hang

The view from the rooftop bar looks over to Ocean Park (the blue light)

I don't often go to the south side of Hong Kong, but now I have no excuse as the MTR goes there.

Ovolo Southside, one of the hotels based there likes to boast it's a seven-minute ride from Admiralty to Wong Chuk Hang, then another three-minute walk to the hotel. Give or take a minute or two, they're right!

It used to be difficult to get there, usually by taxi, but now it's so much easier.

And the view from the 23rd floor is quite amazing looking at Ocean Park and several football pitches below. A different side of Hong Kong.