Growing numbers of Hong Kong flat owners are selling up for much less than offer prices – some at more than HK$7 million (US$890,000) below bank valuation – as a rise in interest rates looms next week.
According to the latest data from CLSA, the offshore arm of China’s biggest brokerage, between August 1 and September 6, at least 29 cases of low to mid-range properties were recorded as being sold for much less, 19 of them at below Hang Seng Bank valuations.
“[Homeowners…
Source : South China Morning Post
Read more…Hong Kong’s home sellers are cutting their property prices as interest rate increase looms















