Why Hong Kong must strike a balance between development and conservation

Hong Kong is one of the most expensive property markets in the world. A recent transaction of a flat at Mount Nicholson set a record for the highest unit rate in Asia.Rents and prices in retail and office markets are also holding at world-beating levels. All these are a consequence of limited land supply for development. Based on the official mid-2019 data, Hong Kong’s 7.5 million people and land area of 1,100 square km placed the city as the most densely populated after Macau, Monaco and…

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