Blocks of flats under construction near Kai Tak on December 16, 2020. Right now, the pandemic-driven surge in the price of construction materials and shortages of labour are adding to the housing supply crunch. Photo: Sam Tsang
Blocks of flats under construction near Kai Tak on December 16, 2020. Right now, the pandemic-driven surge in the price of construction materials and shortages of labour are adding to the housing supply crunch. Photo: Sam Tsang
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Why Hong Kong housing and office markets are facing very different supply shocks

  • The city’s office market is about to contend with a rare wave of new supply that will put the leasing market under renewed pressure
  • The housing market, meanwhile, is struggling to overcome a dearth of suitable land, more expensive construction materials and labour shortages

Blocks of flats under construction near Kai Tak on December 16, 2020. Right now, the pandemic-driven surge in the price of construction materials and shortages of labour are adding to the housing supply crunch. Photo: Sam Tsang
Blocks of flats under construction near Kai Tak on December 16, 2020. Right now, the pandemic-driven surge in the price of construction materials and shortages of labour are adding to the housing supply crunch. Photo: Sam Tsang
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