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A SQUATTER RESIDENT DRIES CLOTHES IN FRONT OF GALAXIA IN HONGKONG, 1998-05-21 (photo)

IMAGE number
REU7968375
Image title
A SQUATTER RESIDENT DRIES CLOTHES IN FRONT OF GALAXIA IN HONGKONG, 1998-05-21 (photo)
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Photographer
Larry Chan
Medium
photograph
Date
1998 AD (C20th AD)
Shooting Date
1998-05-21
Image description

A resident at a squatter area dries clothes as the Galaxia housing estate and its Hollywood Plaza shopping mall emerge from behind, May 21. Wharf Holdings Ltd has become the latest property developer to join the price-cutting trend in the industry, reducing the prices of Galaxia to an average of HK$4,955 (US$640) per square foot. Property market is the latest battlefield of the price wars raging in many of Hong Kong's business, swept up in Asia's financial woes. BY/CC/ME

Photo credit
REUTERS/Larry Chan / Bridgeman Images
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