Hong Kong Rents Drop Amid Foreign Exodus

About This Source - Bloomberg Markets and Finance

Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Bloomberg Books #Ad

Recent from Bloomberg Markets and Finance:

  • Star CEO: Our Merger With Crown Positions Us on Global Map
  • Chip Shortage Affecting Bajaj Auto Very Badly: Director
  • S&P: Pandemic to Have Sizable Impact on India’s Growth
  • Bloomberg Markets and Finance published this video item, entitled “Hong Kong Rents Drop Amid Foreign Exodus” – below is their description.

    May.04 — Major cities across the world have seen rents plummet and sink as people retreat from urban areas. In Hong Kong, rents have come down as much as 25% in some areas amid the exodus of foreign workers. Bloomberg Intelligence’s Patrick Wong discusses Hong Kong’s housing market on “Bloomberg Markets: China Open.”

    Bloomberg Markets and Finance YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: Hong Kong

    Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.

    Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.

    3 Recent Items: Hong Kong

  • TikTok Owner ByteDance Eyes $185 Billion Business Ahead of IPO
  • Marking 20 years as ‘Post’ cartoonist, Harry Harrison publishes new book, ‘Add Ink’
  • Shop selling traditional sugar cane juice quenching Hong Kong thirst for 70 years
  • Leave a Comment