Property News · July 13, 2022

Is Hong Kong’s property market turning? Buyers walk away from 21 signed contracts, forfeiting US$1.1 million in deposits amid rising rates


A total of 21 buyers at a Cheung Sha Wan project failed to complete transactions they agreed to in 2020, amid falling prices and rising mortgage rates.

Source : South China Morning Post
Read more…Is Hong Kong’s property market turning? Buyers walk away from 21 signed contracts, forfeiting US.1 million in deposits amid rising rates