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Hong Kong commercial property 'most expensive' in world

8 October 2012 Last updated at 03:43 BST

One of the main tasks for China's next group of leaders will be dealing with a slowing economy, and rising concerns over a possible real estate bubble.

After two interest rate cuts earlier this year, new home prices across China have continued to rise. Affordability remains an issue for millions of locals.

China's Special Administration region Hong Kong, is also grappling with high property prices.

It is now home to the world's most expensive retail space, despite government steps to cool the market.

Juliana Liu reports.