Price drops

Just did my first grocery shopping since Sept, I must have missed something. The regular items we bought have the price dropped. Yes, dropped and not increased! The Soy milk, price dropped from RMB42.00 to RMB38.00. My Brie cheese, last time I tried buying would have costed RMB88.00; I didn't buy it. Today, the price was RMB58.00. That was a big drop. Things either cheaper or grocery store is doing a discount so people will come back and shop.

*Note: economy hurting? I am not sure yet as this morning in HK on the way to the airport, I saw a black Lamborghini. Then this afternoon at Shanghai, I saw a Ferrari Spyder and then a Porsche Cayman. The first two were driven by people between 25 to 30. The latter one, a 45-ish woman.

But here is an interesting thing in HK. Apparently, things are getting bad though. A well known sports car and luxury yacht dealership has seen sales dropped since this June. Two weeks ago, a GTS sports car from Japan was listed at HK120 Million. Last week, HK900K, no one wants. Lots of his customers with deposit down are walking away from their orders. Tones of 25 to 30 years old customers are putting up their cars for consignment sale. Cash calls. Some customers usually called to order 2 vehicles at a time are now calling in to order one and still heckle with the pricing.

The luxury apartments on top of the Kowloon Airport Express station, value has been dropping. Some speculators were trying to unload now with the same purchasing price as when they had bought the apartments, no bidder. Now, price has dropped by 200K, still no one interested.