Residential and commercial buildings on the Kowloon peninsula. The recession is accentuating the importance of Hong Kong’s mature decentralised office market. Photo: EPA-EFE
Opinion
Opinion
The View
Why Hong Kong’s office market is having a better pandemic than its residential property sector
- The resilience of Hong Kong’s housing prices, the result of ultra-low interest rates, masks its fundamental problem of a lack of affordable housing. Covid-19 stimulus money is inflating home values without providing a foundation for recovery
- By contrast, the office market is more in sync with economic conditions
Residential and commercial buildings on the Kowloon peninsula. The recession is accentuating the importance of Hong Kong’s mature decentralised office market. Photo: EPA-EFE
