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Hong Kong property in double trouble after government rejects bids for Tung Chung site, deal flow in Oct at 7-year low

Hong Kong’s residential property market was dealt a double blow after the government withdrew a residential site in Tung Chung owing to low bids even as property deals in October fell to a more than seven-year low, highlighting the difficulty that the sector is facing amid economic uncertainty and high interest rates. ....

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