Property News · August 15, 2019

Owners in Yuen Long and North Point begin to sell properties at a loss to escape the worsening social turmoil


Property owners in Yuen Long and North Point, two battlefield districts that have seen the most violent clashes in Hong Kong’s 10-week old protest rallies, are selling their flats at losses as they bail out of the market amid the worsening civic unrest.Prices may dip 3 per cent at housing estates across Hong Kong in August, agents said. They added sellers in Yuen Long in the New Territories have reduced prices by about 10 per cent, while homeowners in North Point to the east of Hong Kong Island…

Source : South China Morning Post
Read more…Owners in Yuen Long and North Point begin to sell properties at a loss to escape the worsening social turmoil

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