A surge of residents, many of them mainlanders, have settled in the city since 2023, driving rents to record levels. Hopes are riding high for a sales market bounceback
Hugo Cox is a journalist at the Financial Times and The Times. He specializes in property and personal finance, with a focus on the housing market, residential real estate, and real estate development, as well as the intersection of technology and digital transformation in the real estate sector. Hugo's work has been featured in FinanceAsia, The Telegraph, Haymarket Media Ltd., Financial Advisor IQ, and both The Times and Financial Times.














