Hong Kong's Trophy Homes Are Selling at Fire Sale PricesChina'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.
Source: Hong Kong's Trophy Homes Are Selling at Fire Sale Prices (https://www.nytimes.com/2024/11/12/business/hong-kong-luxury-property.html)