Hong Kong Property Foreclosures Seen Doubling in 2016 on Economy

  • Pace has risen to 80 a month from 50-60 in first half
  • Colliers sees property prices dropping 15% next year

Hong Kong Developers Entice Buyers With Price Cuts

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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