Dang, they not only ugly on inside, but outside too!
Hong Kong is a tiny territory of China renowned as a financial mecca. Famous for its laissez-faire attitude toward capitalism, it's home to many jillionaires...and lots of hardworking regular peeps too. The disparity between the rich & poor is staggering...especially when it comes to housing. The rich developers are in bed with the government, who own massive pieces of land. Do they develop new housing for the masses? No! They sit on it. They manipulate the real estate market by limiting the amount of land/building available to Hong Kong citizens.
"The growing rich-poor gap has fueled public anger & fears that property developers have too much influence on the government, which controls all the land in the compact, densely populated city." It's about time this top senior gov't official & 2 billionaire brothers (Raymond & Thomas Kwok) who run Hong Kong's biggest property developer were arrested for suspected corruption!
"The growing rich-poor gap has fueled public anger & fears that property developers have too much influence on the government, which controls all the land in the compact, densely populated city." It's about time this top senior gov't official & 2 billionaire brothers (Raymond & Thomas Kwok) who run Hong Kong's biggest property developer were arrested for suspected corruption!
