It looked like the perfect investment opportunity. A mostly vacant shopping center with scant competition serving a middle-class neighborhood far from Hong Kong’s city center. With a makeover, Wang Tse thought, there could be good foot traffic, but the asking price was too high.

That was in 2017, and property tycoon Li Ka-shing had just sold a skyscraper for a record $5.2 billion. Against such a buoyant backdrop, the shopping-mall seller refused to budge for close to two years.

Read more on: https://www.bloomberg.com/news/articles/2019-09-13/hong-kong-property-hunters-grab-bargains-in-wake-of-protests?srnd=markets-vp/