WILL our shrinking brokerages start setting up real estate agencies? Not to make cash, but to get rid of all the football-pitch sized flats they leased at giant rents during last year's frenzied expansion.
The occupants of these places are now being made redundant or whisked off to look at screens elsewhere, where the prices are going up rather than down.
We hear one brokerage expects to have to break 30 leases on luxury apartments in the next few months in big luxury developments like Dynasty Court.
This can be an expensive business.
We hear Goldman Sachs has a $150,000 a month apartment in Repulse Bay which has been empty for more than two months because its occupant has gone, and a new one could not be found - an occurrence that has the same financial impact as flushing one-third of a million dollars down the toilet.
Strange, but despite their denials of a bloodbath, real estate people expect Goldman to have to break quite a few more luxury leases in the coming months.