Hong Kong office properties are plunging by 24% YoY!
Almost as bad as it did in the depth of the Global Financial Crisis.
One major difference?
HK banking system wasn’t 9 times the size of its economy back then.
Credit bubbles burst.
Hong Kong office properties are plunging by 24% YoY!
Almost as bad as it did in the depth of the Global Financial Crisis.
One major difference?
HK banking system wasn’t 9 times the size of its economy back then. pic.twitter.com/3V3isSIRrB
— Otavio (Tavi) Costa (@TaviCosta) June 16, 2020