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Asian art and luxury buying boom

While some of Hong Kong’s rich leave, others buy art and pledge to stay put

Pandemic restrictions that only ended in September and Beijing’s political crackdown have driven some wealthier residents of Hong Kong to look outwards — and move their assets abroad or set up home overseas.

Others, meanwhile, have been turning inwards.

And for visitors heading into the sprawling colonial-era house of Laura Cheung, founder of luxury interior design studio Lala Curio, the most striking sight at first is the pearl-embroidered wallpaper with hand-painted coral reefs. The 37-year-old’s property sits on a quiet street in the exclusive neighbourhood of Kadoorie Hill at the heart of Kowloon.

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