Sky-high office rents, and the dichotomy that US$100 million houses can coexist alongside tiny nano flats. Such is life in Hong Kong, where real estate prices make it one of the most expensive places in the world to live in and do business.How did we get there? High business operating expenses and living costs are driven by the dire shortage of land in Hong Kong. The problem is more obvious in the housing market. To address the issue, the government announced in the 2021-22 Budget a plan for…
Source : South China Morning Post
Read more…Hong Kong needs bold land-supply initiatives to underpin next growth phase into a smart city
