<transcript><audio_156>is a necessity to redevelop the land and so and again if i if i think the age of buildings in europe in finland they are kind of medium age they could be oldest building in</transcript><transcript><audio_157>helsinki is from 80 beginning of 18th century but that's a tremendous long in hong kong and singapore so even so this end block legislation if the building is uh less than 10 years old</transcript><transcript><audio_158>it could be demolished as 90 of the residents would like to have it demolished so 10 years old building but what's that so again this rent cap is is not this kind of a gap between the but but this necessity</transcript><transcript><audio_159>to redevelop and i think this land market mechanism is completely different and again similarities between hong kong and singapore is this high rise so i think a lot of people think singapore is a low rise but for me 40 stories is a</transcript> is a necessity to redevelop the land and so and again if i if i think the age of buildings in europe in finland they are kind of medium age they could be oldest building in helsinki is from 80 beginning of 18th century but that's a tremendous long in hong kong and singapore so even so this end block legislation if the building is uh less than 10 years old it could be demolished as 90 of the residents would like to have it demolished so 10 years old building but what's that so again this rent cap is is not this kind of a gap between the but but this necessity to redevelop and i think this land market mechanism is completely different and again similarities between hong kong and singapore is this high rise so i think a lot of people think singapore is a low rise but for me 40 stories is a
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