Sense of Foreboding in Hong Kong. Beijing’s black-box approach doesn’t bode well for local freedoms.
Beijing squeezes, and HSBC knows where it makes most of its money. Standard Chartered, another UK bank, did the same.
The most important source of inbound investment — mainland China — has vanished, with huge ramifications for CRE.
Sales at luxury goods stores, once the largest category, collapsed by 86% since their peak in 2013-2014.
At first the protests and now the coronavirus collide with the World’s Most Expensive Property Market.
Everything suddenly goes the wrong way.
Can this Happen Here?