Real estate
August 20, 2020
A recession is alarming Hong Kong’s overseas investors and the local business community. But will the city’s real estate market ever bounce back? Image credit: Shutterstock
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","iv":"5ea1a1dd36fe9aa13fb028a55d90e140","s":"c6a1eec2ac815bc0"}
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