Hong Kong real estate is the most expensive in the world, but it wasn’t eye watering prices that took investors by surprise this week
. A public tender spelling out the details of a government land sale in the city’s Kowloon district states that prospective buyers can be disqualified if they or their parent firms engage in activities that “endanger national security” or affect public order.
“If the approach to land tenders is extended to other sectors where foreign companies are more likely to participate, then it could damage our reputation as an open economy,” he said. He gave examples of whether asset management companies shorting Hong Kong stocks or criticizing government policy could be construed as threats to national interests.
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