{"id":72063,"date":"2017-11-17T06:00:25","date_gmt":"2017-11-16T23:00:25","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-cartel-is-pushing-wealth-inequality-to-the-brink\/"},"modified":"2017-11-17T07:09:36","modified_gmt":"2017-11-17T00:09:36","slug":"hong-kongs-property-cartel-is-pushing-wealth-inequality-to-the-brink","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-cartel-is-pushing-wealth-inequality-to-the-brink\/","title":{"rendered":"Hong Kong\u2019s property cartel is pushing wealth inequality to the brink"},"content":{"rendered":"


\nWhen a Hong Kong government cabinet secretary mocks my ideas on how to reduce poverty and improve equality on a television show it is worth examining whose version of economic reality we are living in.
\nI recently participated in a Channel News Asia panel interview about economic inequality in Hong Kong with Dr Law Chi-Kwong, the Secretary for Labour and Welfare, and three other guests.
\nAll the panellists agreed that Hong Kong is very market-driven. But in residential property, market failure,…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s property cartel is pushing wealth inequality to the brink<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

When a Hong Kong government cabinet secretary mocks my ideas on how to reduce poverty...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-72063","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-iKj","jetpack-related-posts":[{"id":110555,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-a-blueprint-for-chinese-cities-must-abandon-hong-kongs-property-model-warns-chinas-godfather-of-real-estate-meng-xiaosu\/","url_meta":{"origin":72063,"position":0},"title":"Shenzhen, a blueprint for Chinese cities, must abandon Hong Kong\u2019s property model, warns China\u2019s \u2018godfather of real estate\u2019 Meng Xiaosu","date":"September 7, 2019","format":false,"excerpt":"\r The southern city of Shenzhen, now a blueprint for China\u2019s urban development, should abandon the Hong Kong property model it borrowed decades ago, warned the country\u2019s \u201cgodfather of real estate\u201d.Meng Xiaosu, who spearheaded China\u2019s property reform policies in the 1990s, said Shenzhen and other cities in the Greater Bay\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118323,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-stand-off-turns-nasty-with-landlords-suing-tenants-to-recover-arrears-as-recession-deepens\/","url_meta":{"origin":72063,"position":1},"title":"Hong Kong retail stand-off turns nasty with landlords suing tenants to recover arrears as recession deepens","date":"August 21, 2020","format":false,"excerpt":"\r The months-long stand-off between Hong Kong\u2019s commercial landlords and retailers is taking a turn for the worse, as a third wave of coronavirus outbreak amid the city\u2019s worst recession crimped retail sales, pushing many businesses to the brink of bankruptcy.Harbour City, one of Hong Kong\u2019s best-known luxury shopping centres\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":156104,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-market-on-brink-of-turnaround-morgan-stanley-says\/","url_meta":{"origin":72063,"position":2},"title":"Hong Kong home market on brink of turnaround, Morgan Stanley says","date":"June 20, 2025","format":false,"excerpt":"\r Hong Kong\u2019s residential property segment is on the verge of a turnaround that could last between four and five years, with home prices likely to rise starting in the second half of the year, according to Morgan Stanley. The US investment bank said the first half of the year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172144,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-hong-kong-is-fighting-to-redefine-its-future-with-an-institutional-moat-wealth-surge\/","url_meta":{"origin":72063,"position":3},"title":"How Hong Kong is fighting to redefine its future with an institutional moat, wealth surge","date":"July 8, 2026","format":false,"excerpt":"\r For decades, warnings of Hong Kong\u2019s terminal decline have arrived in periodic waves. When Stephen Roach, the former chairman of Morgan Stanley Asia, ignited a firestorm with his February 2024 assertion that \u201cHong Kong is over\u201d, he pointed to a toxic cocktail of domestic and external pressures. Roach, who\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113763,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inequality-is-the-root-cause-of-the-problem-in-hong-kong-amid-prolonged-unrest-says-investor\/","url_meta":{"origin":72063,"position":4},"title":"Inequality is the 'root cause of the problem' in Hong Kong amid prolonged unrest, says investor","date":"January 20, 2020","format":false,"excerpt":"\r Many people in Hong Kong cannot afford proper housing and the city needs to do more to help them, says David Kuo from The Smart Investor.\r \r Source : cnbc.com\r Read more...Inequality is the 'root cause of the problem' in Hong Kong amid prolonged unrest, says investor","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143839,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-pain-ahead-for-hong-kong-retailers-as-residents-flock-to-shenzhen-for-cheaper-goods-slowing-recovery\/","url_meta":{"origin":72063,"position":5},"title":"More pain ahead for Hong Kong retailers as residents flock to Shenzhen for cheaper goods, slowing recovery","date":"April 22, 2024","format":false,"excerpt":"\r Hong Kong\u2019s economic recovery is slowly filling up retail spaces, pushing vacancy rates to a three-year low. 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