A wave splashes Tsim Sha Tsui as Typhoon Chaba hits Hong Kong on July 2, 2022.
Photo: SCMP / Felix Wong
A wave splashes Tsim Sha Tsui as Typhoon Chaba hits Hong Kong on July 2, 2022. Photo: SCMP / Felix Wong

Greater Bay Area real estate sector cannot ignore climate change threats, must act to head off disaster, report warns

  • Damage claims, loan defaults and lower real estate values are certain unless the sector coordinates on mitigation, says a report by ULI and HSBC
  • The region is one of the world’s most vulnerable to extreme weather events, but short-sighted goals leave stakeholders unprepared

A wave splashes Tsim Sha Tsui as Typhoon Chaba hits Hong Kong on July 2, 2022.
Photo: SCMP / Felix Wong
A wave splashes Tsim Sha Tsui as Typhoon Chaba hits Hong Kong on July 2, 2022. Photo: SCMP / Felix Wong
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