Hong Kong Property Foreclosures Seen Doubling in 2016 on EconomyBy and
Pace has risen to 80 a month from 50-60 in first half
Colliers sees property prices dropping 15% next year
Property foreclosures in Hong Kong will double from current levels by the end of next year as a slowing economy hurts borrowers’ ability to service their mortgages, according to an auctioneer with 23 years of industry experience.
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