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















