Conservation over quick profit? How heritage and revitalisation projects are infusing new energy into old properties in Hong Kong

Hong Kong is one of the most expensive property markets in the world. A recent transaction of a flat at Mount Nicholson set a record for the highest unit rate in Asia.Rents and prices in retail and office markets are also holding at world-beating levels. All these are a consequence of limited land supply for development. Based on the official mid-2019 data, Hong Kong’s 7.5 million people and land area of 1,100 square km placed the city as the most densely populated after Macau, Monaco and…

Conservation over quick profit? How heritage and revitalisation projects are infusing new energy into old properties in Hong Kong
Hong Kong is one of the most expensive property markets in the world. A recent transaction of a flat at Mount Nicholson set a record for the highest unit rate in Asia.Rents and prices in retail and office markets are also holding at world-beating levels. All these are a consequence of limited land supply for development. Based on the official mid-2019 data, Hong Kong’s 7.5 million people and land area of 1,100 square km placed the city as the most densely populated after Macau, Monaco and…