Business

Hong Kong’s Property Market Is Tumbling as Unsold Homes Pile Up

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One Innovale – Bellevue, built by Henderson Land Development Co., priced its first batch of apartments 9% lower than the nearby second-hand homes in New Territories, about 25 miles from the Central financial district. But the response has been below par since its launch last month: about a third remained unsold as of the first week of October. 



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