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Hong Kong Property Slump Affects Land Tenders
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Hong Kong's property market faces a downturn, with a record number of failed land tenders and a significant drop in plot-sales revenue. The lack of confidence in residential price increases and high financing interest rates contribute to the developers' reluctance.
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How might the property market downturn in Hong Kong affect the broader economy?
What are the potential long-term implications of the property market downturn on Hong Kong's real estate industry?
What measures could the government take to stimulate the property market and support land tenders?
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