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Hong Kong Sees $270 Billion Property Wipeout Since 2019
Posted
June 11, 2024
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2:50Now PlayingHong Kong's deepening property slump will soon reach its five-year mark. At least $270 billion has been erased from real estate values in the city since 2019, according to new analysis by Bloomberg Intelligence. As Russell Ward reports, Hong Kong is suffering from a mix of rising interest rates, financial-sector job losses, changing work habits and questions about its future as a major global base.
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