Rents for luxury apartments offered for lease on The Peak have been hit the hardest as a result of fewer expatriates arriving and an increase in the stock available. Photo: David Wong

Landlords cut rents on Hong Kong luxury homes as demand weakens

HK$300,000-plus sector hit hardest, with flats sitting vacant for months unless prices lowered

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Rents for luxury apartments offered for lease on The Peak have been hit the hardest as a result of fewer expatriates arriving and an increase in the stock available. Photo: David Wong
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