Any takers? Hong Kong's prime office space plummets in value

Article Abstract:

Value of prime office space in Hong Kong continues to fall amid predictions of a further 25% to 40% decline. The peak in prices in early 1994 resulted largely from broad projections based on relatively few transactions, especially at Nine Queen's Road Central, fueled by money from China. Some experts predict a rapid resurgence in 1997 when China assumes control of the colony, but others say it is already overbuilt. Some companies have already walked away from multimillion-dollar deposits rather than complete expensive deals.

Commercial and Institutional Building Construction, Office Buildings, Nonresidential construction, not elsewhere classified, Office construction, Commercial leases

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If you can't beat 'em ... : Hong Kong tries to tame leveraged currency trade

Article Abstract:

Retail leveraged foreign-exchange trading is so popular in Hong Kong that the Hong Kong Futures Exchange is moving into the business, launching such currency trading in Oct 1995. A rolling spot contract will be featured in a major marketing campaign, offering a contract size of about $50,000. The colony began regulating such trading a year ago, in the face of widespread street- level operations, but many of those are still in business and unregulated pending resolution of their applications. Many others moved to Macau.

Leverage (Finance), Leverage

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The price of success

Article Abstract:

Hong Kong's weakening productivity and sky-high costs have sapped its growth potential, but its creativity and speed to react may help it thrive well into the coming century. Relatively high inflation, a currency tied to the US dollar and its interest rates, and expensive office rents are pinching more. The latter have helped drive out manufacturing jobs, down 446,000 since mid-1988. Service jobs have picked up that slack, but low unemployment fueling wage hikes may lead to cutbacks.

Cover Story, Inflation (Finance), Economic indicators, Inflation (Economics)

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