Hong Kong's pollution threatens real estate demand

[photopress:Pollution_Hong_Kong.gif,full,alignright]The Hong Kong haze could threaten more than the environment and the health of its residents. A recent report by Merrill Lynch said “pollution could damage demand for real estate and blunt the city’s economic edge.”

“If we get to the point where it’s so noxious you can’t live here, people will start walking out the door.”
Spencer White, Merrill Lynch strategist

But despite Hong Kong’s efforts to clean up its act, the biggest threat comes from Guangdong on the mainland. Its emissions drift over to the island and make up 80% of Hong Kong’s air pollution.
Source: TIME Asia