Hong Kong should have the vision to plan for the longer-term future and balance the development of residential and commercial properties. Fiscal viability will facilitate its growth phase into a smart city.
The short-lived but considerable impact from Sars outbreak highlights the potential of a sharp economic recovery as soon as the current outbreak is contained in the relatively near future, JLL says
Few commercial property markets have as volatile a history as Hong Kong. A total of 27 million square feet of new office space has been built in Hong Kong in the last 15 years alone. That equates to a staggering 30 per cent of the office supply currently in existence across the entire city.