HONG KONG -- After nearly a year of calls with real estate agents, Ms. Chan was relieved to finally sell her 400-square-foot, top-floor apartment in Hong Kong's northern residential district of Yuen Long for 5.8 million Hong Kong dollars ($741,000) last month. But the markdown of 32% from when it was valued at its peak two years ago was a disappointment.
A glut of office space and the expected opening of more commercial towers are likely to weigh further on Hong Kong's slumping real estate market. (Nikkei montage/Source photo by Getty Images)
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