Property News · June 20, 2019

Buyer walks away from US$32 million Hong Kong luxury home, as trade war and protests sap appetite for real estate investment


A Hong Kong customer has backed out of buying a HK$251.23 million (US$32.11 million) luxury home in the Deep Water Bay neighbourhood, marking the second property default in nine days.The buyer, who is unidentified, failed to conclude the sales contract for the 3,641-square foot (338 square metres) apartment on the ninth floor of Tower One at 8 Deep Water Bay Drive, forfeiting a HK$12.56 million initial payment made to the developer Nan Fung Development.Deep Water Bay, located on the southern…

Source : South China Morning Post
Read more…Buyer walks away from US million Hong Kong luxury home, as trade war and protests sap appetite for real estate investment