Sunday 8th November 2009

Dear Reader,

We will close our opinion poll on cooling-off periods for new home sales at 6pm Tuesday HKT, so please vote now. Your PIN is above.

NEW ARTICLE
Cyber-Export
The HK government claims to be exporting its Cyberport "know how" to New Zealand. All citizens should know how interventionist this office, hotel, retail and cinema project was. It should now be sold off, perhaps as a REIT. Meanwhile, Government should rethink the Murray Building plan. Sell it to the highest bid, allow redevelopment, and don't restrict it to hotel use, which may be sub-optimal. Another Government-owned hotel would represent further intervention.

RECENT ARTICLES
A cooling-off period for new home sales
Hysterical politicians are calling for regulation of new home sales practices after a developer used some creative floor numbering and as the debate over the definition of floor area rumbles on. We suggest a less interventionist approach: a statutory cooling-off period, like the SFC is proposing for investment products. Tell us what you think in our opinion poll.

Pass it on!
This free newsletter goes to over 19,000 practitioners, issuers, regulators and investors in Hong Kong's markets. If you enjoy it, then please invite a friend to find out what they are missing and subscribe!

Visit our archives, and do your homework before you invest.

Copyright notice
This e-mail and small extracts of any article on the site may be freely quoted in any other publication but ONLY if attribution is given to Webb-site.com.