It's famous for its horse racing and soon Hong Kong will become as well known for reindeer racing, if a new video from CBRE is to be believed.

The commercial real estate services firm has highlighted the problem of the city's expensive and crowded property market by releasing a spoof video on Santa's issued with finding adequate space for his racing reindeer.

In an innovative deal brokered by CBRE, Santa’s reindeer will use the stables on a fee-free basis, but on the condition that the reindeer are made available for race-meetings from January to November, traditionally an inactive time for the famous toy transporters.