Mok Kin-fai bought a flat on the eighth floor of a Tuen Mun block in March, did it up, and sold it six weeks later for a HK$180,000 profit. He is not the only one. Bloomberg is calling it a comeback and the papers are running pictures of estate agents looking pleased with themselves. The Centaline index crept up three months in a row and suddenly everybody who bought in the last downturn is doing the math on their napkin.

Meanwhile, the government is about to launch its "first-ever five-year plan consultation," which is a sentence that makes you put down your coffee. Six years of NSL, six years of "new chapter" language, six years of policy papers nobody on the ground ever felt, and we are now in the era of the five-year plan. John Lee will hold the forums. Ordinary people are invited to give feedback. The first certified basic housing units -- the ones with the, let us say, generous footprint of 8.1 square metres -- are also coming soon, per RTHK. So the flippers are back and the government is planning ahead and somewhere a man in Tuen Mun just cleared HK$180,000 in six weeks while the bloke two blocks over put his name on the basic unit waitlist. Hong Kong 2026. Tuesday.