Property News · May 26, 2016

Tseung Kwan O flats selling at Manhattan prices, yet Hong Kong developers’ subprime mortgage tactics go unchecked

In a letter to his wife Jiang Qing in 1966, Mao Zedong wrote: “Great chaos achieves great order.” Unfortunately in Hong Kong, an oppressive order among our property developers has resulted in great chaos for the rest of the population.

Source : South China Morning Post
Read more…Tseung Kwan O flats selling at Manhattan prices, yet Hong Kong developers’ subprime mortgage tactics go unchecked