Club Lunch: Hong Kong’s Record Property Prices: What Goes Up, Must Come Down?
Hong Kong’s Record Property Prices:
What Goes Up, Must Come Down?
|Speaker: Stephen Wong
|Deputy Executive Director, Our Hong Kong Foundation
THURSDAY, JULY 13, 2017
12:30PM FOR 12:45PM – LUNCH
1:15PM – ADDRESS
What’s behind Hong Kong’s sky-rocketing real estate prices that rank among the world’s most expensive? Is it the lack of new housing, or the lack of land to build them? Is it a monetary phenomenon or a basic law of supply and demand?
Our Hong Kong Foundation (OHKF) is a non-profit, non-government think-tank founded by Tung Chee Hwa, the first Chief Executive of the HKSAR.OHKF foresees a total demand of more than 1.26 million housing units in the next 30 years and estimates that approximately 9,000 hectares of new developable land would need to be made available.
Mr.Wong studied economics and East Asian Studies at the University of Chicago and Yale University respectively, and worked with global financial institutions (UBS, RBS) before joining Our Hong Kong Foundation where he is now Deputy Executive Director. He is also Chairman of the Clean Air Network.