HongKong

Small flats defy Hong Kong’s recession, gaining in price as larger homes continue to lose value




Small apartments appear to be bucking a downward trend in Hong Kong’s property sector, gaining in price as the city struggles with a crippling recession.The prices of bigger homes and commercial property are falling as the coronavirus pandemic, which followed months of social upheaval, has wrought havoc on the local economy, slashing household budgets and causing a spike in unemployment.But gains in the prices of small flats in September were enough to counter those drops and push an official…



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