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RESIDENTIAL BUILDINGS ERECT AT THE ISLAND SIDE OF HONG KONG, 2001-06-19 (photo)

IMAGE number
REU8490886
Image title
RESIDENTIAL BUILDINGS ERECT AT THE ISLAND SIDE OF HONG KONG, 2001-06-19 (photo)
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Medium
photograph
Date
2001 AD (C21st AD)
Shooting Date
2001-06-19
Image description

Luxurious residential and a few commercial buildings pack the island side of Hong Kong June 19, 2001. Mixed results at the territory's first land auction of 2001/02 on Tuesday will have little impact on the property or stock market given the small size of the sites on offer, analysts said. In October 1997, the Asian financial crisis trigered a crash in the local property market. The housing sector has remained depressed ever since despite minor pick-ups occasionally, and prices are still some 50 percent off their 1997 peaks. BY

Photo credit
REUTERS / Bridgeman Images
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