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":"b70feef4ed3816d3f43f00e5707ba41a","s":"91c3127931952fc0"}
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