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Hong Kong Sees $270 Billion Property Wipeout Since 2019

Hong Kong's deepening property slump will soon reach its five-year mark. At least $270 billion has been erased from real estate values in the city since 2019, according to new analysis by Bloomberg Intelligence. As Russell Ward reports, Hong Kong is suffering from a mix of rising interest rates, financial-sector job losses, changing work habits and questions about its future as a major global base. Get the Hong Kong Edition newsletter – an insider’s guide to the money and people shaking up the Asian finance hub: https://bloom.bg/3KoT8sw -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts