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For your information, you can find below the description of the video Hong Kong Sees $270 Billion Property Wipeout Since 2019 published by the Youtube channel Bloomberg Television:
Hong Kong's deepening property slump will soon reach its five-year mark. At least $270 billion has been erased from real estate values in the city since 2019, according to new analysis by Bloomberg Intelligence. As Russell Ward reports, Hong Kong is suffering from a mix of rising interest rates, financial-sector job losses, changing work habits and questions about its future as a major global base.
Get the Hong Kong Edition newsletter – an insider’s guide to the money and people shaking up the Asian finance hub: https://bloom.bg/3KoT8sw
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