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In Hong Kong’s commercial real estate market, ‘everybody has their own fair share of pain’

In the second of a two-part series, Jiaxing Li, Aileen Chuang and Salina Li explore the effects of high interest rates and other factors on the city’s commercial property market. In the heart of Causeway Bay, a bustling Hong Kong shopping district that was once a more expensive retail destination than Fifth Avenue in Midtown Manhattan, a commercial building with shaky financing was recently thrust onto the market. Cubus, a mixed-use building hosting tenants including high-end sushi restaurants a