A Taiwanese shipping family has bought a luxury mansion in Hong Kong for HK$260 million ($34 million), marking the second-largest new home sale in the Asian financial hub this year.

Hong Kong is among the world’s most prosperous cities, but it’s also a tiny coastal area struggling to cope with its enormous population. Housing 7.5 million residents in an area of 427 square miles ...

Why its important Home prices in Hong Kong, one of the world's most unaffordable cities, have tumbled nearly 30% from a 2021 peak, hurt by higher mortgage rates, a weak economic outlook, and poor ...