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Hong Kong’s Trophy Homes Are Selling at Fire Sale Prices

China’s economic downturn has not been kind to the ultrarich who made their wealth on its rise. In their haste to cough up cash, Hong Kong’s luxury property market has had some fire sales.

© Anthony Kwan for The New York Times

Frank Gehry’s Opus Hong Kong, where two Chinese tycoons recently sold their full-floor apartments.

Hong Kong’s Trophy Homes Are Selling at Fire Sale Prices

12 November 2024 at 18:04
China’s economic downturn has not been kind to the ultrarich who made their wealth on its rise. In their haste to cough up cash, Hong Kong’s luxury property market has had some fire sales.
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