The world’s most overvalued housing market and the priciest office market are undergoing a rigorous stress test.The fallout from the rapidly escalating anti-government protests in Hong Kong is putting the city’s residential property bubble – the largest among 20 cities analysed by UBS in its latest Global Real Estate Bubble Index – under significantly more strain, and adding to the pressure on office rents in the Central district, where occupancy costs remain the highest globally by a wide…
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Breaking news, analysis and opinion from the SCMP’s Hong Kong edition.