Property News · August 17, 2018

Homebuyers getting cold feet in Hong Kong’s property market amid growing uncertainties


Some buyers are so edgy about the Hong Kong property market that they are pulling out of deals, despite losing big deposits.
A buyer who agreed to buy a unit at Sun Hung Kai Properties’ St Martin II two weeks ago cancelled the purchase on Thursday. The U-turn on the HK$7.25 million one-bedroom unit in Tai Po in the New Territories meant the buyer had to forfeit the 5 per cent deposit – about HK$362,700 (US$46,200).
That followed five instances on Wednesday at Sun Hung Kai’s…

Source : South China Morning Post
Read more…Homebuyers getting cold feet in Hong Kong’s property market amid growing uncertainties