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WORKER UPDATE PROPERTY PRICES AT MODEL FLAT IN HONG KONG, 1998-05-21 (photo)

IMAGE number
REU8263509
Image title
WORKER UPDATE PROPERTY PRICES AT MODEL FLAT IN HONG KONG, 1998-05-21 (photo)
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Medium
photograph
Date
1998 AD (C20th AD)
Shooting Date
1998-05-21
Image description

A worker updates property prices of the Galaxia, with the lowest price of HK$3,988 (US$515) and an average price of HK$4,955 (US$640) per square foot, at its show flat in Hong Kong May 21. Galaxia, a residential housing estate with 50-storey high flats by Wharf Holdings Ltd, has become the latest property project to join the price-cutting trend in the industry. Property market is the latest battlefield of the price wars raging in many of Hong Kong's business, swept up in Asia's financial woes. BY/CC/WS

Photo credit
REUTERS / Bridgeman Images
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