Why rate cuts won’t save cash-strapped Hong Kong tycoons and their luxury properties
In the first of a two-part series, Salina Li, Aileen Chuang and Jiaxing Li explore the effects of high interest rates on the city’s tycoons and their trophy real-estate holdings. In the rarefied air up on The Peak, the owner of the penthouse in the Opus Hong Kong development – which has been called the…