China’s economic downturn has not been kind to the ultrarich who made their wealth on its rise. In their haste to cough up cash, Hong Kong’s luxury property market has had some fire sales. China, Economic Conditions and Trends, Hong Kong, Real Estate and Housing (Residential), High Net Worth Individuals, Luxury Goods and Services, Interest Rates, CBRE Group Inc, S&P Global Inc China’s economic downturn has not been kind to the ultrarich who made their wealth on its rise. In their haste to cough up cash, Hong Kong’s luxury property market has had some fire sales. NYT > Business
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