Hong Kong’s commercial property sector — the world’s most expensive office market — suffered its worst month since before the former British colony was handed back to China in 1997 as the city’s long summer of protests take their toll.
In September, the office market in the Asian financial hub recorded just 27 transactions, the lowest level of monthly activity since 1996, according to Midland IC&I, a Hong Kong-based property brokerage.
Activity failed to reach such lows through the Asian financial crisis in 1997, the Sars outbreak in 2003 or the global financial crisis in 2008.
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