Hong Kong’s family dynasties might not be able to maintain their control over the city’s wealth indefinitely. The region’s “Big Four” property empires are all handing off a total of $109 billion worth of real estate to the next generation, who do not have the same close ties to Beijing that its predecessors did with the Hong Kong government and banks, according to a Bloomberg opinion column from Nisha Gopalan. And with Beijing’s presence in […]
source https://therealdeal.com/national/2019/06/08/how-long-can-hong-kongs-family-real-estate-dynasties-last/#new_tab
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