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The alternative would be the current HK leaders putting their act together - position HK firmly back in the intersection of Mainland China and the West (by demonstrating characteristics from both worlds) and dispelling the notion that it will become the suburb of Shenzhen.
Hong Kong’s Property Recovery Is as Chaotic as Its Reopening
Sun Hung Kai Properties Ltd. recently bought a prime commercial site, which will eventually house “the second tallest landmark building in Kowloon,” for HK$4.73 billion ($603 million), far short of the HK$7.3 billion to HK$12 billion range the land was expected to fetch. So why is the city’s biggest builder so cautious despite robust demand for its apartments?
This sale underscores the business elites’ skepticism toward Hong Kong’s economic recovery, and by extension, its property rebound.
https://www.bloomberg.com/opinion/articl...estate-lag
Hong Kong’s Property Recovery Is as Chaotic as Its Reopening
Sun Hung Kai Properties Ltd. recently bought a prime commercial site, which will eventually house “the second tallest landmark building in Kowloon,” for HK$4.73 billion ($603 million), far short of the HK$7.3 billion to HK$12 billion range the land was expected to fetch. So why is the city’s biggest builder so cautious despite robust demand for its apartments?
This sale underscores the business elites’ skepticism toward Hong Kong’s economic recovery, and by extension, its property rebound.
https://www.bloomberg.com/opinion/articl...estate-lag
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.