Hong Kong's property recovery is as chaotic as its reopening

Ominous signs: A woman jogs past a residential project developed by Sun Hung Kai Properties in Hong Kong. The city’s biggest builder is cautious despite the robust demand for its apartments. — Bloomberg

AS Hong Kong’s commercial landlords and real estate agents are finding out, a border reopening and the return of Chinese visitors do not necessarily spell a universal boom to the city.

Restaurants, especially in the Central business district, are full. The Clockenflap Music and Arts Festival is drawing crowds.