the developers surely want property mkt to turn good but this is not reality.
Very recent cases:
1) Cheung Kong call off the Warwick real estate deal.
2) Ka Wah sold a bldg at 7 yik which they asked for over 10yik a few mths ago. a few mths ago they said they will not sell it at below 10 yik.
I do not agree with SHK. The supply of new properties next year is a lot more than in 2008, there will be almost 27K new flats for sale, price can only drop more instead of rising.