Gucci-Crazy Chinese Fuel Soaring Shop Rents in Hong Kong

Soundwill Holdings Ltd. was forced to sell many of its properties as it battled to survive Hong Kong’s real estate crash in the late 1990s. Even after its stock plunged 99 percent and debt obligations loomed, it held on to a 40-story tower on a tucked-away street that today is the second-most expensive retail strip in the world.

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