As Shanghai and Hong Kong battle for supremacy on the economic and financial fronts, property prices in the two cities could potentially become the game changer.
According to a study jointly conducted by the United Nations and the Chinese Academy of Social Sciences (CASS), lofty home prices in Hong Kong threaten its urban competitiveness.
The CASS is one of the key think tanks that provide advice to the national government.
Its conclusion echoes the Shanghai government’s worries that…
Source : South China Morning Post
Read more…A tale of two cities: how home prices affect Hong Kong and Shanghai’s competitiveness
