Posted inCBRE Group Inc China Economic Conditions and Trends High Net Worth Individuals Hong Kong Interest Rates Luxury Goods and Services Real Estate and Housing (Residential) S&P Global Inc
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.