Hong Kong Office Tower Seized, Aberdeen Commercial Property Surges, Taco Bell Property Sold

A Hong Kong office tower previously seized from a Chinese tycoon is back on sale. Aberdeen's commercial property market attracts £181m in investment. The property occupied by Taco Bell in Park Place East sells for $1.8 million plus. Plus, a strategist warns of a potential sharp correction in the real estate market.

Sources:
https://www.scmp.com/business/article/3269212/hong-kong-office-tower-seized-tycoon-chen-hongtian-put-new-round-bidding
https://www.scottishfinancialnews.com/articles/knight-frank-aberdeen-commercial-property-attracts-ps181m-during-h1-2024
https://wnws.com/commercial-property-in-park-place-east-sells-for-1-8-million-plus/
https://www.businessinsider.com/real-estate-crash-home-prices-correction-foreclosures-mortgage-defaults-2024-7

Outline:
(00:00:00) Introduction
(00:00:42) Hong Kong office tower seized from Chinese tycoon put back on sale
(00:03:25) Knight Frank: Aberdeen commercial property attracts £181m during H1 2024
(00:05:59) Commercial property in Park Place East sells for $1.8 million plus - WNWS Radio
(00:08:07) The real estate market is in for sharp correction with losses that could take a decade to recover from, strategist says