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New Business

Commercial property crisis looms in Hong Kong as shrinking values squeeze developers

Hong Kong is facing a commercial real estate crisis, with small and medium-sized developers as well as banks under increasing…

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New Business

Hong Kong developer Grand Ming’s debt crisis deepens with US$611 million loan default

Hong Kong developer Grand Ming Group warned investors that it has yet to repay a HK$4.8 billion (US$611.4 million) loan,…

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New Business

Emperor’s financial struggle mirrors the current state of Hong Kong’s property sector

Just over five years ago, residential and commercial real estate prices and rents were hitting record highs. Developers reported robust…

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