 "hong kong, singapore, real estate")
A small number of world cities command a big slice of the global property investment pie. That’s both a boon for governments seeking fiscal nirvana in real-estate taxes and stamp duties, and a bane for residents who must battle yield-seeking global capital just to afford their residential and business addresses.
Hong Kong’s real estate investment market is as large as its gross domestic product; Singapore’s half. In most other places, property as a professionally managed asset class is a much smaller ratio of output. No wonder that the two economies will be in the crosshairs of global capital again, now that
