When Liao Yiching spent years of savings on a property in Memphis, Tennessee, she’d planned to renovate it and sell it on for a small profit.
Six months and thousands of US dollars later, Liao has a house with still-incomplete renovations and a contractor that keeps disappearing.
Liao spent US$158,000 (HK$1.23 million) buying and renovating the Memphis property in March on the advice of her friend Sam Van Horebeek, a director at East-West Property Advisors, a Hong Kong-based firm…
Source : South China Morning Post
Read more…Overseas property debacles leave Hong Kong investors out of pocket
