Luxury residential buildings on Mount Kellett Road, The Peak, one of Hong Kong’s most exclusive neighbourhoods. Photo: Roy Issa Luxury residential buildings on Mount Kellett Road, The Peak, one of Hong Kong’s most exclusive neighbourhoods. Photo: Roy Issa
Luxury residential buildings on Mount Kellett Road, The Peak, one of Hong Kong’s most exclusive neighbourhoods. Photo: Roy Issa

Hong Kong’s business elite are cashing in their luxury villas at a loss as they brace for the city’s worst economic recession

  • Many company owners and executives are looking to free up much-needed cash to keep their businesses going as pandemic ravages the economy, property agents say
  • The city’s economy will shrink by 4 to 7 per cent this year, Financial Secretary Paul Chan Mo-po warned this week

Topic |   Hong Kong property
Luxury residential buildings on Mount Kellett Road, The Peak, one of Hong Kong’s most exclusive neighbourhoods. Photo: Roy Issa Luxury residential buildings on Mount Kellett Road, The Peak, one of Hong Kong’s most exclusive neighbourhoods. Photo: Roy Issa
Luxury residential buildings on Mount Kellett Road, The Peak, one of Hong Kong’s most exclusive neighbourhoods. Photo: Roy Issa
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