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Be especially careful about deposit exposure. The consequences can depend on the wording and stage of the Hong Kong transaction, so have the relevant terms reviewed locally before signing or paying anything substantial. Make sure the financing, valuation and inspection protections operate when...

I wouldn’t assume presentation itself is causing the difference. A well-presented building may also have a more realistic asking price or be in a location with deeper demand. Conversely, “needs work” can cover anything from cosmetic updates to substantial uncertainty. Those groups need to be...