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A PROPERTY AGENT TALKS TO A MAN IN A SHOWROOM IN HONG KONG, 1998-09-11 (photo)

IMAGE number
REU8017317
Image title
A PROPERTY AGENT TALKS TO A MAN IN A SHOWROOM IN HONG KONG, 1998-09-11 (photo)
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Medium
photograph
Date
1998 AD (C20th AD)
Shooting Date
1998-09-11
Image description

A property agent (2nd R) talks to a man in a showroom in Hong Kong September 11. Hong Kong's cash-strapped property developers are slashing prices and dangling attractive bait to lure buyers as the recession dries up bank lending. Sales of residential and non-residential properties reported to Hong Kong's Land Registry in August fell 53.4 percent from year earlier levels to 7,127 transactions. The deals were valued at HK$20.6 billion, down 68 percent from year-ago levels. LC/TAN

Photo credit
REUTERS / Bridgeman Images
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