Testing Hong Kong’s stressed property market

Tight control: A view of Victoria Harbour, with the backdrop of the central financial district, in Hong Kong. To curb speculation, the government discourages foreign buying, second-home ownership and transactions in general. — Reuters

WHAT’S the true value of an apartment or office space in Hong Kong?

No one really knows. Property sales, especially in the pre-owned segment, have slowed to a trickle.