Property News · February 19, 2019

Hong Kong regulator begins an unusual savings plan to raise HK$1 billion to afford owning an office in the world’s costliest city


Hong Kong’s securities regulator has revealed an unusual savings plan, aiming to raise up to HK$8 billion (US$1.02 billion) over eight years to afford owning its own office in the world’s most expensive city.The watchdog, which will relocate its premises to Swire Properties’ One Island East tower in Quarry Bay when its Cheung Kong Center lease in Central expires next year, has found that its HK$3 billion budget was insufficient to buy an 180,000-square foot (16,700 square metres) office to…

Source : South China Morning Post
Read more…Hong Kong regulator begins an unusual savings plan to raise HK billion to afford owning an office in the world’s costliest city

You may also like...