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HK’s lack of new office supply threatens status as corporate hub

Posted on 31 October 2012

Hong Kong, home to some of the world’s highest commercial property rents, is facing a shortfall of nine million square feet of office space by 2020, threatening its status as a leading destination for companies, a report shows.
The study by commercial real estate services firm CBRE comes just days after Hong Kong announced its first residential property tax targeted at overseas buyers as U.S. quantitative easing and record-low interest rates boost the risk of a housing bubble in the Asian financial centre………………………………………..Full Article: Source


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