One Hong Kong developer is offering half-price flats in the world’s most expensive residential market. Others have donated sprawling farmlands for public housing. And the scion of a property empire says it is time to put the city’s betterment above profits.
Two years after street demonstrations rocked Hong Kong and Chinese authorities pointed a finger of blame at sky-high home prices, the city’s tycoon developers are under pressure to help ease its housing crisis. Asia’s pre-eminent financial hub is not just expensive, it is also one of the world’s most densely populated, squeezing most of its 7.5 million dwellers into tiny
U S Government Advisory on Hong Kong Business Risks: Full Text
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HK is crumbling : seven days that crushed city s last resistance
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