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POTENTIAL BUYERS IN HONG KONG DISCUSS IN FRONT OF FLOOR PLAN OF GALAXIA, 1998-05-21 (photo)

IMAGE number
REU8111798
Image title
POTENTIAL BUYERS IN HONG KONG DISCUSS IN FRONT OF FLOOR PLAN OF GALAXIA, 1998-05-21 (photo)
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Photographer
Larry Chan
Medium
photograph
Date
1998 AD
Shooting Date
1998-05-21
Image description

Potential buyers stand in front of a floor plan of Galaxia, a residential housing estate with 50-storey high flats by Wharf Holdings Ltd, May 21. Wharf has become the latest property developer to join the price-cutting trend in the industry, reducing the prices of Galaxia to an average of HK$4,955 (US$640) per square foot. The property market is the latest battlefield in price wars raging in many of Hong Kong's businesses, swept up in Asia's financial woes. BY/JDP/ME

Photo credit
REUTERS/Larry Chan / Bridgeman Images
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