EconomyWhy Morgan Stanley sees more upside in Hong Kong offices than New York towers
Morgan Stanley says higher interest rates have pressured property markets in both Hong Kong and New York, but sees greater upside in Hong Kong, especially offices, over the coming months. The bank highlighted similarities between the two financial centres, including limited land supply and Hong Kong’s monetary policy moving in step with the US Federal Reserve.
Why Morgan Stanley sees more upside in Hong Kong offices than New York towers
Economy