The FT Big Read “The end of ‘build, build, build’” (September 23) quoted Logan Wright of the Rhodium Group in Hong Kong who said that in China “there is enough empty property to house more than 90m people”.
This is just 6.4 per cent of the total Chinese population of 1.4bn.
Hong Kong has been plagued by housing shortages, but the vacancy rate was 4.3 per cent last year. So 6.4 per cent as a national average does not indicate oversupply at all.
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