But this is how the Hong Kong government has traditionally made its money. Hong Kong’s tax structure is real-estate sales. This is why Hong Kong is all about

But this is how the Hong Kong government has traditionally made its money. Hong Kong’s tax structure is real-estate sales. This is why Hong Kong is all about huge sky rise developments of ultra-small apartments... and because the island is all hills, it is also why so many developments are built literally on a cliff. Hong Kong is a geographically difficult place... building new plots is expensive - and the government makes it more expensive.