In the world’s most expensive city, even the financial industry overseer needs to put up cash, or be priced out of prime office space.
That is what’s happening to Hong Kong’s Securities and Futures Commission (SFC), as it finds its HK$3 billion (US$383.5 million) budget insufficient for even half of the asking price of a top-tier, Grade A prime office in the city centre.
The SFC, which has been renting space at the Cheung Kong Centre since 2013, is due to relocate…
Source : South China Morning Post
Read more…In the world’s priciest city, even the securities regulator finds itself priced out of prime office space
