Property News · March 14, 2017

Hong Kong probing overseas property scams that cost buyers HK$500m in losses


Hong Kong police and the securities regulator are looking into overseas property projects that have gone into default, costing investors as much as HK$500 million in losses, according to a Hong Kong lawmaker.
Legislative Council member James To Kun-sun, who has been receiving complaints concerning overseas real estate investments, said he urged the Securities & Futures Commission (SFC) to investigate the cases at a meeting with the agency last week.
The SFC will make an announcement…

Source : South China Morning Post
Read more…Hong Kong probing overseas property scams that cost buyers HK0m in losses

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